Economy

The European Central Bank (ECB) recommenced purchases of Cypriot government bonds following the upgrade of Cyprus credit rating to investment-grade by Standard and Poor’s. Purchases of Cyprus bonds by the ECB in the context of the ECB’s Public Sector Purchase...

The Greek state budget showed a primary surplus of €3.157 billion ($3.718 billion) in the January-August period, down from a primary surplus of €3.544 billion ($4,174 billion) in the same period last year, but up from a budget target...

During the period between January and August 2018, the General Government of Greece achieved a primary budget surplus of €3.14 billion ($3.67 billion), thanks to higher-than-expected revenues and lower spending. The Government’s budget was expected to have a primary deficit...

A high-ranked source from within the Greek Government has denied the claims that Athenian and Macedonian News Agency's report made regarding an alleged deal between the Greek Authorities and the European Institutions regarding the issue of the upcoming pension cuts...

The President of the European Commission, Jean Claude Juncker, held an interview with journalists following his State of The Union speech in the European Parliament. Mr Juncker was asked by a Kathimerini journalist about the issue of the upcoming cuts...

Capital Intelligence Ratings (CI Ratings) has announced that it has upgraded Cyprus’ Long-Term Foreign Currency Sovereign Rating to BB from BB- and affirmed its Short-Term Foreign Currency Rating at B. At the same time, the Outlook for Cyprus' ratings...

Greece’s state budget primary surplus was €605 million ($702 million) higher during the first seven months of 2018 compared to the same period last year, the State Budget Office of the Hellenic Parliament announced in a report. The report also...

The bailout program that lasted for eight years has negative "long-term consequences" on the demographics in Greece, according to Bob Traa, the first International Monetary Fund representative in Greece after the country signed its first bailout program. In an article...

Greece’s car and motorcycle market sales saw a sharp increase after years of stagnation during the financial crisis that hit the country. According to ELSTAT, the Greek Statistics Authority, the sales of cars and motorcycles had an increase of 15...

Ten years ago, in 2008, Greece had the 13th place among the European States who share the Euro as their currency, regarding the taxes-to-GDP ratio. After 10 years and three bailout programs from the International Monetary Fund and the...