Greece

Profits from online sales are expected to triple this year, totaling 15 billion euros in 2020, the Hellenic Confederation of Commerce and Entrepreneurship said in a survey released on Monday. The astounding figures are of course a result of the...

    The European Commission announced on Monday the disbursement of a total of 130 million euros designated for the construction of three controlled-access refugee and migrant facilities on the Greek islands of Samos, Leros and Kos. The funds have now been...

After four days of talks, on Tuesday European Union leaders struck a deal on a huge post-coronavirus recovery package. It will see the 27-nation bloc offering 750 billion euro ($859 billion) in grants and loans. Greek PM Kyriakos Mitsotakis said...

Panathinaikos, the most successful Greek basketball team ever, has been put up for sale by its owner, businessman Dimitris Giannakopoulos. Speaking at a press conference on Tuesday, Giannakopoulos revealed that he will sell Panathinaikos for 25 million euros ($28.4 million),...

Nearly 1,000 Greeks are seeking the return of 300 million euros, which were confiscated by the Republic of Cyprus in 2013. The Greek depositors delivered a letter to lawmakers in Nicosia on Friday, asking for pressure to be placed on...

The European Commission proposed on Wednesday to allocate to member states a massive 750 billion euro ($824 billion) aid program to fight the economic repercussions of the Covid-19 pandemic in Europe. Greece is slated to receive 32 billion euros from...

A cleaner working for the municipality of Athens found a bag containing 19,000 euros and turned it over to the police, Athens mayor Kostas Bakoyannis revealed in a social media post late Wednesday. The owner of the bag was found...

The Greek government will offer 800 euros in compensation to all workers whose labor contract was canceled because of the suspension of operations of their enterprise, Finance Minister Christos Staikouras said on Wednesday. Speaking during a news conference, Staikouras said...

The Hellenic Post (ELTA) announced last week that it has began charging at least 15 euros for each parcel with a customs declaration received from a non-European Union country. This new decision will hit customers who buy electronically from countries...

Despite the substantial decrease in their incomes in the period between 2010 and 2016, Greek citizens seem to have not been very keen to curtail their plans to eat out. This is one of the findings of the statistical service of...

Piraeus Bank, Greece largest lender, announced on Friday that it has completed its eighth round of e-bidding in November, approving the sale of 30 properties, with sales totaling €3.18 million. More than 260 individuals and legal entities expressed an interest...

The Greek state budget recorded a primary surplus of 5.755 billion euros in the period from January-October, significantly exceeding budget targets for a surplus of 2.314 billion euros in the same period, the country's General Accounting Office said in...

Hotel losses in Greece caused by the collapse of the Thomas Cook travel conglomerate are estimated to 315 million euros, the Hellenic Chamber of Hotels announced on Tuesday. The Chamber presented the results of a survey conducted by Greece's Research...

The unemployment rate in Greece eased down to 17.6 percent of the workforce in April from the rate of 18.2 percent seen in March, Eurostat announced in a report released on Wednesday. The EU statistical service's report revealed that Greece recorded...

Eurostat released on Thursday its final ''Consumer Price Levels'' report for the year 2018, showing that Greeks paid on average considerably more money to buy everyday essentials compared to most other Europeans. The report said that if the average price...