Economy

Greek-Northern Macedonia partnerships are expanding on many fronts

A new era in the relations between Greece and Northern Macedonia is marked by the visit of Greek Prime Minister Alexis Tsipras to Skopje...

Unemployment in Greece is steadily decreasing

The Greek unemployment rate fell to 18% of the workforce in December 2018, from 18.3% in November 2018, according to a Eurostat report published...

“Golden visas”: More Greek passports for foreign investors

The Greek government has decided to extend its "golden visa" program. The relevant amendment is included in the Ministry of Finances’ multi-bill and will...

Greek banks cut borrowing from ELA to zero

The Greek banking system has brought its dependence on ELA, the Emergency Liquidity Assistance mechanism, down to zero. Attica Bank was the last remaining Greek...

A primary surplus was recorded for the first two months of 2019

A primary surplus of € 822 million was recorded for the January-February 2019 budget, against a primary deficit target of € 196 million, as...

GDP growth in 2018 is higher than the European average

According to figures released by ELSTAT, Greece’s growth rate rose to 1.9% in 2018, with the country’s GDP amounting to 190.8 billion euros, compared...

Moody’s upgrades Greece’s sovereign credit by two levels

A key factor in improving Greece's credit profile in recent years, is the progress made in implementing reforms according to the adjustment program and...

The second enhanced surveillance report on Greece has been published

The European Commission is expected to send a message, via its second enhanced surveillance report, that Greece needs to accelerate the completion of the...

The contract regarding the construction of the new International Airport of Heraklion was signed

The construction of the new International Airport of Heraklion in Kastelli, is set to begin after the signing of the concession contract by the...

Rise of exports in October

Last October, Greek exports rose by 24%, continuing the upward trend of the year, according to a study by the Export Research Centre of...

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