Economy
Economy
Bitcoin Price Hits $50,000 at Two-Year High
Early on Monday, February 12, Bitcoin reached its highest price since December 2021, surpassing $50,000 for the first time in over two years. This caused a surge in the value of other cryptocurrencies and related stocks. Coinbase's stock, as...
Economy
AI to Hit Almost 40% of Jobs Worldwide, Warns IMF
A recent warning from the International Monetary Fund (IMF) highlighted the potential impact of artificial intelligence (AI) on jobs worldwide. The IMF, based in Washington, D.C., stated that almost 40% of jobs globally could be influenced by AI.
Moreover, high-income...
Economy
Greek Economy Set for Continued High Growth in 2024
After a robust recovery from the Covid-19 pandemic and increasing favor with several credit rating agencies, the Greek economy is expected to see a continued trend in positive growth in the new year.
The Greek Economy in 2024
In its World...
Economy
Greece to Issue Bonds Worth 10 Billion Euros in 2024
The Greek state is planning to cover more than half of its borrowing needs for 2024 by issuing bonds worth ten billion euros.
Economy
Passenger Traffic at Greek Airports Close to All-Time Record
Passenger traffic at Greek airports reached an all-time record between January and November 2023, the Civil Aviation Authority announced.
Economy
The Economist Ranks Greece’s Economic Performance in Top Spot for 2023
Greece's economic performance for 2023 has been ranked in the top spot in the list of 35 countries around the globe by the Economist magazine.
According to the Economist’s analysis based on five economic and financial indicators (inflation, “inflation breadth”,...
Economy
Construction of New Bridge Linking Greece and Turkey Set to Begin
Greece and Turkey have agreed to begin construction of a new bridge linking the two countries in the Evros region. The bridge will improve road safety conditions and ensure the smoother movement of passengers and goods between the two...
Economy
Greece’s Tourism Figures Skyrocket in 2023
Greece's tourism figures have soared in the first 10 months of the year, as the air and road arrivals data published by the Greek Tourism Confederation (SETE) show.
Specifically in the January-October 2023 period, 23 million international air arrivals were...
Economy
Fitch Ratings Upgrades Greece to Investment Grade
Fitch Ratings has upgraded Greece's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'BBB-' from 'BB+'.
Characterized by Greek finance experts as the strictest and most robust rating agency, Fitch rewards the Greek economy's effort by giving the country a vote...
Economy
The World’s Most Expensive Cities in 2023
In recent news affecting everyone feeling the financial squeeze, the ongoing global cost of living challenge persists, especially hitting those in big cities hard. This has given us a list of the world's most expensive cities in 2023.
As per...
Business
Greek Economy and Investments on the Spotlight at Capital Link Summit
The Greek economy and the inflow of foreign investments will be the central theme of Capital Link's Annual International Summit which will take place in New York on Monday, December 11.
The event at the Metropolitan Club will feature top...
Economy
Greek Shippers Exit Russian Oil Trade Amid Growing US Scrutiny
Three major Greek shipping companies, Minerva Marine, Thenamaris, and TMS Tankers, have ceased transporting Russian oil in recent weeks to avoid US sanctions. They are aimed at targeting shipping firms engaged in the movement of Russian oil.
The move is...
Economy
Greece Sees Economy Growing by 2.9 Percent in 2024
Greece expects its economy to grow by 2.9 percent next year from 2.4 percent in 2023, according to the final budget plan for 2024 tabled in Parliament on Tuesday.
The budget plan will be discussed in the Parliamentary Economic Affairs...
Business
Greece Fines Subsidiaries of U.S. Giants for Breaching Profit Cap
Greece on Wednesday announced fines totaling 1.67 million euros ($1.81 million) on the local branches of two U.S.-based healthcare and consumer products giants for alleged breaches of a profit cap imposed amid Greece's cost-of-living crisis.
The Development Ministry said Johnson...
Economy
Greece and Ireland: Two Divergent Modernization Paths
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In less than four decades, Ireland, unlike Greece, has gone from one of the poorest countries in the EU to one of the richest. On the contrary, Greece not only went bankrupt but was left behind, far behind.
By George K....