Economy

The period between January and September of 2018 held some good and some bad news for Greece's economy and more specifically the issue of unemployment and new jobs. According to the official database ''Ergani'' of the Greek Labor Ministry, during...

Bank of Greece (BoG) governor Yannis Stournaras in an interview with Greece's 'Parapolitika' newspaper on Saturday stressed the need to shield the Greek economy against international turmoil. "The international economic climate is not so friendly as some believe," Stournaras noted,...

Greece’s unemployment rate fell to 19 percent of the workforce in July from 19.1 percent in June and 20.9 percent in July last year, according to the Hellenic Statistical Authority's report released on Thursday. The statistics service, in a monthly report,...

According to data revealed by the Bank of Greece, 10.5 million people visited Greece between January and June 2018. The number for the same period last year was 8.5 million. The country saw a huge increase that reached 22.9 percent, or...

The International Monetary Fund (IMF) released its renewed Fiscal Monitor for October. There, the fund revised Greece’s 2019 growth rate upwards and accepted that it made a mistake regarding the last year's Greek primary surplus. The IMF had predicted that Greece...

The International Monetary Fund (IMF) has significantly upgraded its projections on the Cypriot economy’s growth for the years of 2018 and 2019 at the World Economic Outlook published this October, expecting a growth rate of 4.0 percent and 4.2...

Cypriot households and businesses continue to be highly indebted despite the decline in debt levels, according to a report released on Tuesday by the Central Bank of Cyprus. According to the report, the debt of the non-financial private sector reached...

According to information revealed by the Greek newspaper Kathimerini, the Greek government intends to exclude from next year’s draft budget revenues from an excise tax on wine that was introduced in 2016. The tax was initally received by the Greek wine market...

The chairman of the influential Hellenic Federation of Enterprises (SEV) said that the economic climate in Greece has worsened and issued a warning about the need for restraint in pledges that could derail growth. Speaking on Thursday, Theodore Fessas stressed...

Yet more positive news from Cyprus as the unemployment on the island has dropped from 10.5 percent in August 2017 to 7.5 percent in August 2018. More specifically, the unemployment among men fell to 7.0 percent while women saw their rate...