Economy

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...

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...

The Greek state is planning to cover more than half of its borrowing needs for 2024 by issuing bonds worth ten billion euros.

Passenger traffic at Greek airports reached an all-time record between January and November 2023, the Civil Aviation Authority announced.

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”,...

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...

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...

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...

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...

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...

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...

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...

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...

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....

Greece’s economy is expected to expand by 2.5% this year due to strong domestic demand, investments and EU funds, the International Monetary Fund (IMF) said on Tuesday. Growth will slow down to 2.0% next year, the fund said in staff...