Greece Signs Loan Agreement With European Investment Bank for New Heraklion Airport

Greece on Thursday signed two loan agreements with the European Investment Bank (EIB) worth 330 million euros. The EIB loans, one for the construction of...

Greece Plans to Scrap Primary Residence Protection, Introduce Individual Bankruptcy

The Greek authorities are planning to introduce to the country's judicial system the institution of individual insolvency, in which a person is able to...

More Than One Third of Greek Households Unable to Pay Utility Bills

With more than a third of households unable to pay their utility bills on time, Greece has the unenviable distinction of topping all EU...

Greece Appoints Internationally-Recognized Experts to Shape Nation’s Growth Plan

The Greek government announced on Thursday the formation of a special commission to draft a new "Growth Plan" for the Greek economy. The commission includes...

South Aegean Islands Gain Most from Lucrative Greek Tourist Trade in 2019

Tourist arrivals to the islands of the South Aegean region of Greece reached new and historic levels in 2019, surpassing the record performance of...

2019 Greek Budget Records Primary Surplus of Almost €5 Billion

The Greek state budget recorded a primary surplus of 4.96 billion euros in 2019, up from a budget surplus target of 4.4 billion and a primary...

Greece Enables Non-EU Entrepreneurs to Come and Do Business in the Country

An amendment facilitating the entrance of foreign, non-EU nationals who are entrepreneurs to Greece was brought before the Greek Parliament on Tuesday. The amendment, which...

Economic Sentiment Index in Greece Reaches Pre-Crisis Levels

The economic sentiment index in Greece rose to 109.5 points in December, from 107 in November, the Greek Foundation for Economic and Industrial Research...

Greek Premier Announces Closure of IMF Office in Athens

Greek Prime Minister Kyriakos Mitsotakis announced the closure of the IMF office in Athens after meeting Kristalina Georgieva, the Managing Director of the Fund,...

2019 Proves to Be the Best Year for Greek Stocks in Two Decades

Barring any unforeseen turbulence which might occur in the very last days of 2019, the Athens Stock Exchange (ATHEX) is set to celebrate its...

Greek Parliament Approves Ambitious 2020 State Budget

The 2020 state budget was passed in parliament by a majority roll-call vote on Wednesday night, at the end of a five-day debate. In the...

Greece to Ask Creditors for Lower Primary Surplus Targets in 2020

Greece will be able to ask its creditors to lower the primary surplus targets and plans to do so in 2020, Finance Minister Christos...

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