Economy

European officials optimistic about the successful conclusion of Greece’s bailout program

Addressing Brookings Institution on Monday, European Commissioner for Economic and Financial Affairs Pierre Moscovici appeared optimistic about the progress of Greece. Greece is expected...

Eurogroup convening in Tallinn, Estonia

Eurogroup will be convening on Friday in Tallinn, Estonia. Greek Finance Minister Euclid Tsakalotos and the Institutions (the European Commission, the European Central Bank,...

Eldorado Gold considers suspension of mining operations in Greece

Canadian mining company Eldorado Gold announced, on Monday, a possible suspension of its investments in Greece. According to the company’s announcement, this is due...

PM Tsipras: Greece’s economy is recovering

On the occasion of the inauguration of the 82nd Thessaloniki International Fair, Greek Prime Minister Alexis Tsipras stressed that Greece’s economy is recovering, the...

Finance Ministry: No further demands were made by creditors

In reply to reports that creditors made further demands in view of the third review, the Greek Finance Ministry has specified the exact number...

International cooperation to combat tax evasion

An automatic exchange of information about financial accounts (bank deposits etc.) between Greece and dozens of other countries will be launched in the near...

Green light for Greece’s exit from excessive deficit procedure

After a positive assessment by the European Commission, the general staff of the EU Finance Ministries (EFC) that convened in Brussels on Monday afternoon...

The Euro Working Group examines the implementation of the Greek program

Eurozone Deputy Finance Ministers, known as the Euro Working Group, hold a meeting on Monday to assess the progress of the Greek program. More...

Shadow economy in Greece over 21%

Shadow economy in Greece is estimated at 21.5% of GDP and ranks higher compared to other Eurozone member states, such as Italy where it...

Further loosening of capital controls

The new provisions on cash withdrawals, which had been announced in a legislative act on capital controls in early August, become applicable as of...

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