Economy

Seven out of ten Greeks foresee no change whatsoever in the course of the economy and their personal finances after the end of the bailout program, a new survey shows. The research was conducted by PULSE on behalf of the...

The Greek Parliament will vote on Tuesday to decide the issue of the pension cuts which were scheduled to come into force on January 1, 2019. Speaking of the E.U. promise that the cuts will not be needed, Greek Prime Minister Alexis...

Inflation, or the adjusted index of consumer prices, showed an increase of 1.1 percent in November over levels of a year ago, according to Greek Statistical Authority (ELSTAT) data  published on Monday. The average annual inflation rate for the period...

  The unemployment rate in Greece, dropped to 18.6 percent in September 2018, coming down three-tenths of a percent from the rate of 18.9 the previous month. The new, seasonally-adjusted rate represents a 2.2 percent decrease from the rate of 20.8...

The Greek economy is growing at a rate of more than 2 percent and the rate continues to accelerate, Prime Minister Alexis Tsipras told the American-Hellenic Chamber of Commerce in an address. In his remarks to the Greek-American leaders in...

  According to data released by Eurostat for the year 2017, seventeen percent of total expenses for Greek households went to pay for food and non-alcoholic beverages last year. The average percentage for all the nations of the entire European...

Cuts in Greek pensions were not legal or even necessary, stated European Commissioner for Economic and Financial Affairs Pierre Moscovici on Tuesday. In his remarks to a meeting of the Eurogroup, he stressed that the ''Greek people's sacrifices are now...

The proposed law which includes an amendment to block the already-legislated cuts to pensions in 2019 will be tabled and voted on in the Greek Parliament by next week. According to state-run news service AMNA, the vote is likely to...

Rents for properties in central Athens increased significantly over the last year, mainly due to the demand for short-term occupancy by platforms like Airbnb, according to the Greek renting site Spitogatos. Central neighborhoods in the Greek capital such as Mets, Exarcheia,...

According to a study published by the International Labor Organization (ILO), real wages in Greece fell by 3.5 percent in 2017, the biggest decline recorded since 2013. This figure is the highest among the EU member states, with only Azerbaijan...