Greece Offers 120 Million in State Aid to Prop Up Aegean

Greek government spokesman Stelios Petsas announced on Monday during his usual press briefing that the government would soon be awarding 120 million euros in...

Is Covid-19 Triggering a Populist Backlash in Greece?

As Greece is currently in the middle of the second, stricter lockdown to curb the Covid-19 spread, populist voices are becoming louder and louder...

Greece Forecasts 10.5% Recession this Year, 4.8% Growth in 2021

The Greek economy is expected to contract by 10.5 percent this year and to grow by 4.8 percent in 2021, according to provisions included...

Major Foreign Investments Expected to Help Greece Rebound from Covid-19 Crisis

While economies across the world have all been hit hard by the coronavirus pandemic, new foreign investments in Greece are expected to help the...

Greek Hotels Plead For Help Amidst Despair Over TUI Debt

Greek hotel owners are facing huge losses this year as Tui AG, the largest leisure, travel and tourism company in the world, is deferring...
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Greece in Talks With London-Based Banks for Relocation to Athens

The Greek government revealed on Friday that it is in discussions with three London-based banks regarding their possible relocation to Athens following the official...

Greece Receives Boosted Credit Rating from Moody’s

Moody's, the bond credit rating agency, upgraded Greece's credit rating on Friday, giving the country's market a boost amidst the Covid-19 pandemic. The country's rating...

EU Says Greek Economy to Contract Nine Percent in 2020, Rebound in 2021

A new European Commission report released on Thursday stated that it expects the Greek economy to contract by 9.0 percent this year, but rebound,...

Greece Nominates Former EU Commissioner for OECD Top Post

For the first time, Greece, a founding member of the OECD, has officially presented a candidacy for the position of the Organization’s next Secretary...

EU Says Greek Workers Fared Better than Others in Second Quarter of 2020

Greece was one of the European countries that has been proven to be most successful in protecting jobs during the second quarter of 2020,...

Officials Say Mohegan Casino Project Could be Ready in Three Years

The CEO of Mohegan Entertainment, Mario Kontomerkos, announced on Wednesday that the gigantic casino development in Hellinikon would be ready within 36 months after...

Greece Expected to Return to Primary Surpluses in 2022

Greece will return to primary surpluses beginning in 2022 after reporting higher primary deficits and public debts in 2020, the International Monetary Fund said...

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