IMF: Greek Economy To Grow By 2.4 % In 2019

The International Monetary Fund (IMF) released its Regional Economic Outlook for Europe report on Thursday, making a more positive forecast regarding the prospects of...

Corinth Canal Closed Temporarily After Landslide

The canal on the Isthmus of Corinth, the narrow land bridge which connects the Peloponnese peninsula with the rest of the mainland of Greece,...

Report: Nearly Half Greece’s Active Population Out of Work

According to the Hellenic Federation of Enterprises' weekly economic bulletin published on Thursday, 44.7 per cent of the economically active population in Greece is...

Greek Unemployment Drops to Lowest Level Since 2011

Greek unemployment rate fell to 18.9 percent of the workforce in August, falling to its lowest level since August 2011, according to figures released...

Greek Wine Production Declines in 2018

Greek wine production is forecast to decline by 10.48 percent in 2018 compared to the previous year, according to data presented by the Greek...

Cyprus: Unemployment Hits 9-Year Low

The number of the unemployed individuals registered with Cyprus’ District Labor Offices declined in October to the lowest level in nine years, according to...

Greek Municipalities Sue Over Privatization of Archaeological Sites

Five Greek municipalities and the Hellenic Archaeologists Association have appealed to the Greek Council of State, the country's highest administrative court, calling for the...

EU to Decide How Greece’s Primary Surplus Should be Used

Greece's budget for 2019 will be assessed by creditors who will decide how the surplus will be spent, Eurogroup President Mario Centeno announced on...

Six Out of Ten Greeks ‘Barely Cope’: Survey

The everyday lives of Greeks have not changed much since the country exited the bailout program last August, according to a new survey by...

Bank of Greece: Interest Rates to Remain Low

Interest rates will remain at low levels for the forseeable future and European central banks could continue using quantitative easing (QE) tools, according to...

Austerity’s Harsh Impact on Greece’s Public Services Revealed

According to data released Thursday by the Hellenic Federation of Enterprises (SEV), significant declines in state funding for public services were recorded between 2015...

German Press: Greece Will Likely Need Another ‘Bailout’ Due to High Debt

Due to its high public debt, it is doubtful whether Greece will make it on its own in the long run without new financial...

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