Greece

It was announced on Thursday that the first Parliamentary vote to elect the next Greek President will take place on Wednesday, January 22. According to the recently-amended Greek Constitution, the first vote requires a 2/3 majority for a candidate to...

Greece's state budget for the financial year 2020 was presented to Parliament by Finance Minister Christos Staikouras on Thursday. A growth rate of 2.8% and a primary surplus of 3.6% in 2020 are foreseen in the new budget, slightly exceeding...

The Greek Finance Ministry presented a proposed 2020 budget in Parliament on Monday which foresees the Greek economy growing by two percent this year and 2.8 percent in 2020. According to the report from the Hellenic Fiscal Council, which endorses...

Bank of Greece governor Yannis Stournaras said on Thursday in a speech in the United States that growth rates could rise higher than three percent after 2020, given the right conditions. Speaking at an event sponsored by the Stavros Niarchos...

The Greek 2018 state budget tabled on Tuesday night in Parliament foresees that the country will return to capital markets next year to strengthen liquidity in the secondary bond market. The budget plan envisages, among others, a new series of...

More bad news for the government: In its biannual report on the world economy, the IMF reiterates its view that the Greek economy will have lower primary fiscal surplus than the agreed upon target, for both this and next...

Finance Minister Euclid Tsakalotos is submitting  the draft budget for 2018; which foresees a growth rate of 2.4% and a primary surplus of 3.5% of GDP, to the Greek parliament on Monday. According to reports by the semi-official Athens News Agency...

The European institutions and the International Monetary Fund (IMF) are working within the framework of the agreements and commitments set out in the European Stability Mechanism (ESM) charter, Annika Breidthardt repeated on Monday. The IMF had recently reaffirmed its intention...

  Alternate Tourism Minister Elena Kountoura said in an interview with radio station Praktorio 104.9 that "last-minute reservations will increase by 40 percent this year, as was also the case last year." Kountoura also expressed her support to the relatives...

The rate of closed commercial property in Athens fell to 25.9% in March from 26.4% in September 2015, steadily falling after reaching a peak of 32.3% in September 2013, a survey by the National Confederation of Hellenic Commerce and...

Greece is “very close” to reaching an agreement with creditors that will cause an “explosion in investments,” said Minister of State Nikos Pappas during his greeting comments a short while ago to a British American Tobacco event for the...

The European Commission and its President Jean-Claude Juncker personally are confident that 2016 will be the year to bring along a resolution of the Cyprus issue, according to EC spokesperson Mina Andreeva. The EC Spokesperson, answering a CNA question during...

Potami leader Stavros Theodorakis expressed his belief that no government will be able to emerge from the current parliament because of the way outgoing premier Alexis Tsipras handled the situation, following a meeting with main opposition leader Evangelos Meimarakis who was...

Cypriot President Nicos Anastasiades revealed on Thursday that the talks over Cyprus' long-standing conflict between the Greek-Cypriot and Turkish-Cypriot communities have at last taken a positive trajectory. "A degree of progress is being achieved. If we continue at this rate, I believe that we...

If Greece wants to avoid bankruptcy, an agreement must be reached in the next few days, writers in the Wall Street Journal (WSJ) estimated, noting that the Greek government and institutions may have to wait until winter to "seal" a third...