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Statistical Service of Cyprus: Cyprus’ Inflation Rate for May 2016 at -2.1%

Cyprus’ inflation rate for May 2016 decreased at a rate of -2.1%, according to the Statistical Service of Cyprus. The Consumer Price Index for May...

Greeks Slash Spending on Domestic and Foreign Tourism

Last Wednesday the Institute for Tourism Research and Forecasts (ITEP) published a study demonstrating that Greeks have considerably slashed their spending on vacations from 2008 to...

Greek Stats Agency Shows GDP Shrinkage, But Slight Rise in PPI

The Hellenic Statistical Authority (ELSTAT) released its seasonally adjusted data that shows a shrinkage in the Greek GDP by 1.4 percent in the first...

Alexis Tsipras-Angela Merkel Have Brief Talks on Greek Issues

Prime Minister Alexis Tsipras met with German Chancellor Angela Merkel on the sidelines of the World Humanitarian Summit in Istanbul on Monday. Their talk...

Chios Named One of Best Scuba Diving Sites in Europe Amidst Dealing With Refugee...

As the international diving website divein.com voted Chios among the top 10 best scuba dive sites in Europe, it might be too little too...

Fears of Grexit and Drachma Drives Greeks to Unload Hidden Cash in Real-estate

As the outrage mounts in Greece over even tougher austerity measures and €5.4 billion budget cuts, the fear of a Grexit and revival of...

Greek Shadow Economy Unchanged at 25% of GDP for Past 15 Years, According to...

Greece’s shadow economy is estimated to have averaged at 25% of GDP in the last 15 years, which means that economic activity equal to...

Kyriakos Mitsotakis: Greece Needs a Different Policy Mix

Greece needs a different policy mix that will emphasize structural reforms and not taxes, New Democracy leader Kyriakos Mitsotakis said on Tuesday following a...

Greek PM Tsipras Welcomes TAP Construction as Start of New Era for Greece

Radical Left Coalition (SYRIZA) Prime Minister Alexis Tsipras said Greece is entering a new era, leaving a period of instability and uncertainty behind, during...

Olga Gerovasili: Conclusion of this Phase Inaugurates a Period of Stability and Recovery

"The conclusion of this phase inaugurates a period of stability and turn to recovery," government spokesman Olga Gerovasili said during her briefing to the...

Greek Stats Show Drop in GDP as Eurostat Average Rises

The Hellenic Statistical Authority (ELSTAT) announced the Gross Domestic Product for the 1st Quarter of 2016. Flash estimates show that available seasonally adjusted data...

Dimitris Mardas: Russian Investors Showing Strong Interest in Several Sectors of the Greek Economy

Russian investors are showing strong interest in several sectors of the Greek economy, focusing on transport and inter-regional cooperation, Deputy Foreign Affairs Minister responsible...

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