Economy

Business tycoon Charles Worthington is putting his Mykonos villa on the market for a record-breaking 50 million euro.

A recently released report has revealed that hundreds of family-run hotels in Greece are now on the market because small business owners cannot keep up with rising costs and other economic stressors. The report, released by E- Real Estates Panhellenic...

For almost a century, the US dollar has been the world's reserve currency. This means that the central banks primarily conduct international transactions and settle international debts using the dollar. However, some economists are pointing to signs of de-dollarization; that...

Chinese technology firm Tencent is rolling out a new payment service that allows users to conduct transactions with the palm of their hand. The new palm payment method is available through the company's WeChat Pay service, known domestically in China...

The World Bank, a global financial institution, predicts the world's economic growth will slow in 2023. This means that the global economy will not expand as quickly as it has in previous years. The projected growth rate for this...

The US Congress has approved a deal to lift the country's borrowing limit, days before the world's largest economy is due to default on its debt. The bipartisan measure sped through the Senate by a vote of 63-36, a day...

Greek bonds are already trading as though Greece has regained investment grade, bank analysts told Reuters on Friday. The news agency reports that investors consider Greece's return to investment-grade credit ratings "a done deal". "Investors are hopeful that the New Democracy...

The prospects for the Greek economy have been lauded by two separate reports from  Moody's and Goldman Sachs. Moody's estimates that the general government debt will be falling below 150% of GDP in 2025 from 171.3% in 2022, thanks to...

Greek stocks and government bonds rallied on Monday after the conservative government of PM Kyriakos Mitsotakis secured a stunning victory in the elections. The Athens Stock Exchange General Index rose as much as 7.3% in trading on Monday, extending its...

On Friday, Goldman Sachs said that Greece is "on the cusp" of regaining an investment-grade rating more than 12 years after Greece's credit rating was impacted by the financial crisis. According to Goldman Sachs, the second-largest investment bank in the...

Greece is on the verge of a third economic megacycle irrespective of who wins the elections, Barclays Bank analysts forecast. The British multinational published a big report on Greece earlier in the week lauding the economic performance of Greece, which...

The governor of the Bank of Greece (BoG), Yannis Stournaras, warned political parties in Greece on Wednesday that their pre-election promises could derail the economy. "The analyses carried out by BoG have pointed out the dangers inherent in fiscal populism...

Goldman Sachs has recently agreed to pay a sum of $215 million to resolve a lawsuit brought against them by around 2,800 female employees. The employees claimed that they were paid less than their male counterparts at the company. This...

U.S. infotech giant Hewlett-Packard plans an investment to found a global Excellence Center in Artificial Intelligence in Greece.

American credit rating agency S&P Global Ratings upgraded Greece’s sovereign credit rating outlook to positive on Friday. S&P affirmed Greece’s rating at “BB+”, that is one notch below investment grade, given also the uncertainty the upcoming general election generates. However its...