Economy

Greece's private sector bank deposits dropped for two consecutive months, in October and November of 2018, according to data released by the central bank of Greece on Thursday. The decrease represented 90 million euros in total, and stands in stark contrast to...

People who live on the five Greek islands which have been the most heavily burdened in dealing with the influx of migration for the past three years will keep their special, reduced VAT rate. The Greek government published a legislative...

Some surprising revelations emerged from the results of an EU study announced recently. The 2017 study, by Eurostat, the official statistical authority of the European Union, reported how much the typical European household spends on recreation. The figures, which were released on...

Five Greek islands that have dealt with the brunt of migration inflows will keep their reduced VAT rate, Migration Policy Minister Dimitris Vitsas said on Friday, after the parliament plenary passed the ministry's bill containing that provision. Vitsas said that...

Oil production from Greece's Prinos deposit in Macedonia, which includes oil fields both inland and offshore, is expected to exceed 4,000 barrels daily and 1.5 million barrels annually. This breaks all records for the last decade's oil production, according to Mathios Rigas,...

According to the annual report ''Construction and Housing Statistics, 2016'' released on Thursday by the Statistical Service of Cyprus, construction activity registered an increase of 20.7 percent in 2016 compared to an increase of just 0.2 percent recorded in...

According to a survey conducted by Nielsen in the third quarter of 2018, 72 percent of Greeks still believe that the country's economy is in recession, despite the official figures showing that the economy has been continuously growing since...

Following a long and politically fierce parliamentary debate, Greek lawmakers approved by majority the country’s 2019 budget at midnight Tuesday. This represents the first non-bailout budget for Greece after 2010. The budget was approved with 154 votes in favor and 143...

The majority of tourists who visited Cyprus between June and September of 2018 said that they were "satisfied to a great extent" with their stay, according to a survey commissioned by the Cyprus Tourism Organisation (CTO). The survey of visitors...

According to data published by the Greek Statistical Authority (ELSTAT) on Thursday, the number of Greeks who used the internet to purchase goods for personal use increased significantly in 2018. More specifically, the regions with the highest increase were the Aegean...