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Greek Inflation Rises by One Percent in November

Inflation, or the adjusted index of consumer prices, showed an increase of 1.1 percent in November over levels of a year ago, according to...

Prosecutor Subpoenas 10 Suspects in Folli Follie Scandal

Ten individuals were summoned on Monday by a Greek prosecutor who is investigating the Folli Follie scandal. As reported by Greek daily Kathimerini, the suspects...

Tsipras Aims to Lure Investments from Arab Countries

Greek Prime Minister Alexis Tsipras welcomed business delegations from the Arab world at the opening of the 3rd Euro-Arab Summit, held in Athens. In his...

ELSTAT: Greek GDP Rises by $4.2 Billion in 2017

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...

‘No Agreement For Cancellation of Pension Cuts’ Greek Government Source Says

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...

Rating of Cyprus is Upgraded by Major Credit Rating Agency

Capital Intelligence Ratings (CI Ratings) has announced that it has upgraded Cyprus’ Long-Term Foreign Currency Sovereign Rating to BB from BB- and affirmed...

The Top Greek Exports that Helped Greece Through the Financial Crisis

When it comes to how Greece has stayed afloat throughout the financial crisis that has gripped the nation since 2010, it is no surprise...

Greece’s Final Bailout Installment Approved by German Lawmakers

On Wednesday German lawmakers approved the last bailout installment for Greece totaling 15 billion euros. The vote took place at a special sitting of the German...

Will Creditors Approve Government’s Plan of Incentives for Making Credit Card Purchases?

According to sources, there is a plan in the making to drive Greeks to use their credit cards to make purchases. The government has...

Finance Issues, Labor Reforms, Settling NPLs Discussed During First Round of Talks With Institutions;...

On Thursday, the government concluded the first round of negotiations with the institutions on the second program review, Finance Minister Euclid Tsakalotos said on Thursday,...

Greek Government Arrears Repayment of 1.1 Billion Euros in July

According to figures released by the Bank of Greece (BoG) and the General Accounting Office on Thursday, the Greek government has deposited 1.1 billion...

Cash Transactions Falling While Greeks Use Credit Cards Causing Retail Food Prices to Rise

For decades now it is an undisputed fact that in Greece, cash is king. People have been using cash across the country to cut better...

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