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European Report Claims Greek Economy Will Grow 2.5 pct

The Greek economy is expected to grow by 2.5 percent this year and in 2019, the European Commission said in its economic outlook estimates...

Greece is World Champion in Shadow Economy, at 21.5% of GDP

More than one in five euro notes changing hands in Greece is not recorded, as shadow economy amounts to 21.5% of gross domestic product,...

Greek Statistics Service Suspends Release of GDP Flash Quarterly Estimates

Statistics service ELSTAT has suspended until further notice the release of flash quarterly estimates on the country's gross domestic product because of divergences with...

OECD: Greek GDP Per Capita Dropped By 22.8% in Eight Years

The Organization for Economic Cooperation and Development published new data on Tuesday that highlights, among other figures, the negative performance of the Greek economy in the last...

Greek GDP Grows 1.6% in Q2

The Greek economy grew at a slightly faster rate in the second quarter of 2015 with the country's GDP rising 1.6%, up from an...

Greek Parliamentary Budget Office Releases Gloomy Forecast for Greece’s Economy

The Greek Parliamentary Budget Office found that the Greece's economy will face a tough few months ahead. In its quarterly report for the April and June 2015 period,...

Greece Takes 42nd Place Among Richest Countries in the World

Qatar, Luxembourg and Singapore are not just three of the smallest countries in the world, they are also the three richest countries on the...

EU Commission Slashed Greek Economy Forecasts

The European Commission slashed its previous forecasts regards the Greek economy growth in 2015 and the country’s primary surplus, announced Pierre Moscovici on Tuesday,...

Greek FinMin Varoufakis: We Can’t Accept the Fiscal Adjustment Signed by the Previous Govt

Greek Finance Minister Yanis Varoufakis is currently holding the third and most crucial of a series of meetings with his Eurozone counterparts in Brussels...

Finnish PM to Reject any Greek Debt Forgiveness

Finnish Prime Minister Alex Stubb has warned in an interview with the Financial Times today that his country is ready to give a "resounding...

Film Industry Could Lead to Greek Economy Growth

A new study conducted by the Foundation for Economic and Industrial Research (IOBE) think tank and the Hellenic Film Academy (HFA) suggests that Greece needs to offer incentives...

Greek GDP Growth Revised Upwards to 1.9 pct in Q3‏

The Greek economy grew by 1.9 pct in the third quarter of 2014, up from an initial estimate for a 1.7 pct growth rate,...

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