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Economy

Top Greek Easter Destination Bookings Up by 15%

The Federation of Hellenic Associations of Travel & Tourism Agencies revealed on Friday that thus far, an increase of approximately fifteen percent has been recorded in bookings by Greeks for Easter vacations in Greece or abroad. The booking figures seen...

Greece Officially Joins China's ''16+1'' Partnership With Central and Eastern Europe

Greece officially joined the ''Cooperation between China and Central and Eastern European Countries'' Group, which had been known as ''16+1,'' on Friday. At the end of Friday's session, Greece will officially become the seventeenth member of the ''16+1'', which will...

Greece Toughens Redundancy Procedures in Compliance With European Social Charter

Greece's Labor Ministry plans to introduce over the following days the ''Valid Reason Principle'' into Greek law regarding workers losing their jobs due to redundancy. The new bill will soon come before the Greek Parliament for a discussion and a...

Greece Plans to Join ''16+1'', China's Partnership With Central and Eastern Europe

The Greek Government intends to join the ''16+1 Group'', comprising number of Central and Eastern European States which have close ties with China. The news comes from a report in the British Financial Times newspaper published on Thursday, ahead of...

Greek Feta Receives Exemption From Proposed US Tariffs on EU Products

Greece's Agricultural Development and Foods Ministry announced on Wednesday that it gained an exemption from an approximate ten percent levy on Greek feta cheese from the US' Trump administration. The American government plans to impose tariffs on EU products worth...

Greek Bond Rally Continues, 10-Year Yield At Lowest Level Since 2005

Thursday brought some good news for the Greek economy as the country's government bond yields continued their downward trend, reaching the lowest levels seen in more than thirteen years. More specifically, Greece's 10-year bond yield reached 3.36 percent, which is...

Latest Figures Show Huge Increase in Foreign Capital Buying Properties in Greece

According to the latest data published by the Bank of Greece on Wednesday, the foreign capital flowing into the country to buy properties in January 2019 showed a staggering increase of 155.7 percent over the same month in 2018. This...

Final Data Reveals More Than 33 Million Tourists Visited Greece in 2018

According to the final data revealed by the Bank of Greece on Wednesday, a total of 33,072,000 people visited Greece from January 1 to December 31, 2018. According to the official data, the inbound tourist arrivals in Greece reflected an...

Cyprus Appoints New Director of the Country's Central Bank

Constantinos Herodotou was appointed on Tuesday to the position of Director of the Central Bank of Cyprus. The President of the Republic Nicos Anastasiades signed Herodotou's appointment in a ceremony which took place at the presidential palace of Cyprus in...

Prosecutors Send ''Novartis'' Case to Greek Parliament

Greek prosecutors sent the file of the ''Novartis case'' to the Greek Parliament on Monday. The investigation conducted by prosecutors into an alleged bribery scandal involving the Swiss pharmaceutical firm Novartis and senior Greek politicians is now completed. The public prosecution...