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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...

Greece to Cut Taxes and Offer Incentives for Large Investments

The Greek government plans to offer tax relief to households, to cut business taxes and offer incentives to lure wealthy individuals to change their...

US Secretary of Commerce Meets Greek PM to Discuss Investment

The many investment opportunities offered by Greece and efforts to achieve closer cooperation between Greece and the US in the trade sector dominated a...

Greek Economy Grew by 1.9% During Second Quarter of 2019

The Greek economy grew by 1.9 percent during the second quarter of 2019, compared to the corresponding period in 2018, the Greek Statistical Authority...

September Will be Crucial Month For Course of Greek Economy

September is considered to be a pivotal month for the Greek economy, regarding both budget figures and contacts with its European partners on the issue...

OECD Forecasts 2.1 Percent GDP Growth for Greece in 2019

Greece's economic recovery is expected to maintain its momentum, with the country's Gross Domestic Product (GDP) rising by 2.0 percent or slightly more in...

Bloomberg Says Greek Economy Among “Most Miserable” in the World

  The Greek economy remains among the five most difficult economies in the entire world, according to Bloomberg survey published on Thursday. Despite official declarations that...

Bank of Greece Revises Growth Downward for 2019

The Bank of Greece said in a report on Monday that the Greek economy is expected to grow by 1.9 percent this year, which...

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