Economy

As investigations into possible fraud and wrongdoing continues, a Greek financial prosecutor has ordered all the assets belonging to a Folli Follie chartered accountant, along with the assets of an executive in the company's Hong Kong subsidiary, to be...

Klaus Regling, chief executive officer of the European Financial Stability Facility and Managing Director of the European Stability Mechanism (ESM), said in an interview on Tuesday that even though Greece will achieve a high primary surplus for 2018, this...

According to the final figures for 2017 released by Greece’s Statistics Authority (ELSTAT), Greek GDP increased by €3.75 billion ($4.20 billion). This increase is attributed to economic growth in Greece during 2017. Specifically, the Greek GDP rose from €176.48 billion...

According to Greece's Deputy Finance Minister, Katerina Papanatsiou, the country's Finance Ministry will reduce the VAT rate applicable on concerts and music events, where no other services are provided, from 24 percent to 6 percent. The change will be enacted...

Greece has the highest level of indirect taxation in the eurozone and it is likely that it will remain in the same position in 2019. This finding steps from next year's draft budgets recently submitted by the 19 eurozone...

Greece’s biggest cement producer, the Titan Group, has announced that its moving its headquarters to Belgium and its administrative headquarters to Cyprus. The multinational company, which operates in 14 countries across five continents, has accepted a voluntary tender offer by...

Overcoming bureaucracy and a harsh economy, a firm based in northern Greece has innovated and thrived by carving out its own unique niche in the automotive market. Replicar Hellas, based in the northern Greek city of Katerini, produces hand-crafted, exact...

Catching travelers by surprise, low-cost airline Cobalt, which has operated flights in and out of Cyprus since 2016, has cancelled all flights from midnight Wednesday. The announcement was made via a statement on the airline's website. Local media in Cyprus...

One of the most historic eateries in central Athens has served its last meal. Kentrikon Restaurant, which earned a reputation for serving quality, home-style meals to a clientele of famous musicians, actors, and politicians, has shut its doors after...

The Federation of Greece's Enterprises (SEV) published its monthly bulletin for economic activity on Monday. In the report the Federation stresses the lack of a cohesive plan in Greece's recovering economy and points out the consolidation of the ''inadequate'', as...