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IMF Disagrees With Brussels; Sees Lower Greek Surpluses for 2019, 2020

Vitor Gaspar, the Head of the Fiscal Affairs Department of the International Monetary Fund (IMF) presented the Fund's Fiscal Monitor on Wednesday, just before its annual...

European Union to Give Green Light to Greece’s Budget for 2020

Τhe European Commission posted Greece's draft budget plan for 2020 on its website on Wednesday. The budgetary projections envisage a primary surplus of 3.7...

Greek Primary Surplus Continues to Exceed Targets Despite Tax Cuts

The Greek state budget recorded a primary surplus of 4.479 billion euros in the January-September period over budget targets, for a surplus of €1.467...

Athens Adopts Italian Model of Attracting Super-Rich to Tax Registry

The Greek government has decided to copy, and attempt to implement, Italy's model of encouraging ultra-wealthy individuals and large companies to move their tax...

Greek Unemployment Continues Downward Trend; Falls to 16.9% in July

The unemployment rate in Greece fell to 16.9 percent of the workforce in July of 2019, from a level of 19.1 percent seen exactly one...

Greece Borrows With Negative Interest For the First Time in History

Greece has for the first time in history borrowed money with a negative interest rate, it was made public on Wednesday. According to a statement...

Greece Borrows €1.5 Billion at Extremely Low Interest With New 10-Year Bond

Greece managed to tap €1.5 billion on Tuesday from global financial markets after it reopened its 10-year bond to take advantage of the new,...

Greece Expected to Tap Financial Markets With New 10-Year Bond

Greece will very soon seek to pump additional money from global markets in an effort to capitalize gains made on the historically-low interest rates that...

Foreign Investment in Real Estate Nearly Doubles in Greece in 2019

According to official data published recently by the Bank of Greece, foreign investment in Greek real estate grew by a stunning 94.6 percent during...

Survey Finds Greeks Now Own More Mobile Than Landline Phones

A survey regarding consumer trends in Greek society was published on Monday by the country's statistical authority ELSTAT, revealing some interesting information about Greek...

General Strike: Thousands March in Central Athens Against Government Bill

Despite the cloudy and rainy weather, thousands of people marched in central Athens on Tuesday morning, participating in the 24-hour general strike declared by...

Bank of Greece Chief Foresees Growth Over Three Percent After 2020

Bank of Greece governor Yannis Stournaras said on Thursday in a speech in the United States that growth rates could rise higher than three...

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