Economy

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 the country has been enjoying over the last several months. Greek authorities have requested the major...

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 the first half of 2019, compared to the same period last year. Between January and June...

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 citizens. According to ELSTAT's findings, more Greek households now have just mobile phones than have landline...

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 the country's largest labor unions. Athens buses, trams, and the Metro line 1 (from Piraeus to...

Bank of Greece governor Yannis Stournaras said on Thursday in a speech in the United States that growth rates could rise higher than three percent after 2020, given the right conditions. Speaking at an event sponsored by the Stavros Niarchos...

The European Commission issued a statement on Thursday morning in which it announced that the executive of the Union has approved Greece's plan for protecting the primary residence of Greek citizens from foreclosure. The statement notes that the Greek plan...

A positive surprise for Greece's public finances came to light on Monday, as according to the latest official data, the country's revenues were €287 million higher than expected in August, despite recently-introduced tax cuts. More specifically, between August 1 and 31,...

Greek Finance Minister Christos Staikouras signed the official letters on Monday in which Greece requests to pay back to the International Monetary Fund (IMF) part of the loans it received during the financial crisis. The letters will be sent to the...

Chief of the European Stability Mechanism (ESM) Klaus Regling indicated on Friday that the European Institutions might consider reducing Greece's primary surplus targets beginning in 2021. Speaking during a press conference just before the crucial Eurogroup meeting coming up in...

According to a new report that the Greece Statistical Authority ELSTAT announced on Thursday, unemployment in the country fell to 16.9 percent during the second quarter of 2019. More specifically, 13.7 percent of Greek men are currently unemployed, while the...