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Cypriot FM Georgiades: Growth Expected to Exceed 3 Percent

The economy of Cyprus is expected to grow more than 3 percent over the next three years, according to Cypriot Finance Minister Harris Georgiades...

ELSTAT: Greek GDP Rises by $4.2 Billion in 2017

According to the final figures for 2017 released by Greece’s Statistics Authority (ELSTAT), Greek GDP increased by €3.75 billion ($4.20 billion). This increase is...

Debt-Ridden Greece’s Only Theater Museum Shuts Down

The Greek theatrical and cultural treasure that was established as a museum in 1938, is not open anymore and is facing a permanent closure. Among...

Cypriot Households Remain Highly Indebted, Data Reveal

Cypriot households and businesses continue to be highly indebted despite the decline in debt levels, according to a report released on Tuesday by the...

Greek State Debt Rises to €345.3 Billion in June

Greece's central government debt reached €345.3 billion at the end of June, up from €343.7 billion three months earlier, according to data published by...

IMF Report Damps Optimism Over Greece’s Growth Prospects

The International Monetary Fund (IMF) has dampened optimism over the medium- to long-term prospects for the Greek economy as the country prepares to complete...

Tsipras Dons Tie, Then Removes it in Symbolic Gesture on Greek Debt Deal

Greece's prime minister, Alexis Tsipras, celebrated the conclusion of a deal with Eurozone ministers on debt relief by addressing his cabinet officials wearing a necktie...

Critics Pour Cold Water on Greek Debt Deal

Amid the hype over Greece's debt-relief deal struck with the Eurogroup on Thursday, dissenting voices have emerged, critical of the agreement which is said...

Will Greece’s Tsipras Finally Wear a Tie?

The Greek government is preparing an event on Friday evening to celebrate the agreement reached by Eurozone ministers on debt relief and a cash payout, paving...

Eurozone to Move on Greek Debt With or Without IMF: Reports

IMF agreement will not be necessary for a June 21 meeting of eurozone ministers to back Greek debt-repayment measures, it was claimed on Tuesday. Media...

Greece Outperforms Primary Surplus Target for Third Year in a Row

Greece has recorded a primary surplus of 4.0 percent of GDP, or 7.080 billion euros, in 2017, according to data released on Monday by...

Greek Debt Rises in Third Quarter of 2017, Says Eurostat

Greece's public debt totaled 177.4 percent of GDP in the third quarter of 2017, up 1.3 percent compared with the second quarter of the...

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