Economy

According to the monthly survey by the Foundation for Economic and Industrial Research (IOBE), following the second bailout review there has been a slower than expected increase in business and consumers' economic sentiment. The IOBE report, which was released on...

Ratings agency Moody's announced on Friday it is raising Greece's credit rating one notch from "Caa3" to "Caa2", citing the successful completion of the second program review, the improved fiscal prospects, as well as tentative signs the economy is...

The new dramatic cuts in pensions, new tax increases, additional measures to close the 535 million euro gap in 2018, and all other government commitments are outlined in text that has been published by the Commission on its website. Interestingly,...

The Finance Ministry will be launching a "receipt lottery" in hopes of encouraging consumers to ask for receipts and decreasing tax evasion. It is set to start in late June across Greece and the ministry has allotted 12 million...

Greek banks have adequate capital to fund the real economy, both business activity and the retail commerce sector, focusing on commercial credit, bank officials said. Greek banks are ready to channel liquidity in the market with the aim to contribute...

Greece joined 76 other countries and territories in signing on Wednesday the "Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting” (BEPS), on the sidelines of the Organisation for Economic Co-operation and Development’s...

Prime Minister Alexis Tsipras underlined the strengthening of the Greek-Russian relations in the sectors of economy, trade and tourism in his meeting with Russian President Vladimir Putin, on the sidelines of the Belt and Road forum that is taking place...

Greece's universities and other tertiary education institutes generate the most original research in the country, according to a report by the National Documentation Centre (EKT) released on Wednesday. Even though their share of total R&D activity exceeds 35%, making it one...

A meeting between IMF Chief Executive Christine Lagarde and Euclid Tsakalotos took place on Friday afternoon within the framework of the Spring Fund Summit in Washington and lasted about 40 minutes. Up for discussion was the reduction of the Greek...

There is no end in sight for the mounting dues the state owes to both the market and taxpayers causing congestion in the market and for businesses in Greece. With a total of some 5.05 billion euros owed to both the market...