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Amazon Web Services Opens Office in Greece

Amazon Web Services (AWS) announced that they will soon open their first office in Athens as part of the conglomerate's ongoing investment in Greece. The...

OECD Says Greek Economy to Begin Recovery in 2021 in New Report

In an overall positive report regarding the prospects for the Greek economy, the Organization for Economic Cooperation and Development (OECD) reported on Tuesday that although...

Committee Led by Nobel Prize Winner Outlines Path of Growth for Greece

The "Development Plan for the Greek Economy," drafted by a committee chaired by Nobel Prize laureate in economics Christopher Pissarides, was posted in its...

Greece Forecasts 10.5% Recession this Year, 4.8% Growth in 2021

The Greek economy is expected to contract by 10.5 percent this year and to grow by 4.8 percent in 2021, according to provisions included...

Greek Hotels Plead For Help Amidst Despair Over TUI Debt

Greek hotel owners are facing huge losses this year as Tui AG, the largest leisure, travel and tourism company in the world, is deferring...

EU Says Greek Workers Fared Better than Others in Second Quarter of 2020

Greece was one of the European countries that has been proven to be most successful in protecting jobs during the second quarter of 2020,...

Greece Expected to Return to Primary Surpluses in 2022

Greece will return to primary surpluses beginning in 2022 after reporting higher primary deficits and public debts in 2020, the International Monetary Fund said...

Greek Economy Contracts a Record 15.2% in Second Quarter of 2020

The Greek Statistical Authority (ELSTAT) announced on Thursday that the Greek economy  contracted by 15.2% in the second quarter of 2020, a record which...

Greece’s National Bank Reports 457-Million Euro Profit in First Half of 2020

Greece's National Bank recently reported impressive profits despite the worldwide economic downturn caused by the coronavirus pandemic this year. The National Bank Group announced that...

One in Two Greek Citizens Cannot Afford One Week of Vacation

One in two Greek citizens cannot afford even one week of vacation this summer due to the recession caused by the coronavirus and the repercussions...

Greek Economy to Contract by 9 Percent in 2020, EU Report Says

The Greek economy is projected to contract by 9.0 percent this year; however, growth projections for 2021 foresee growth of 6.0 percent, the European...

Bank of Greece Forecasts Zero Growth for 2020

The Greek economy will fall to zero growth this year while it will show a significant divergence from fiscal targets for the year, the...

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