Greece registered a slight increase in GDP growth at + 2.3% well below the EU areas average, whilst slightly above the EU average in the employment growth rate at just over 1%…
Tag: economy
The foreign trade sector is proving resilient and supports the Greek economy, said Prime Minister Kyriakos Mitsotakis in his greeting at the conference of the Panhellenic Exporters Association, He noted that this…
As what came as a surprise, Moody’s rating agency upgraded Greece’s rating from B1 to Ba3 with a stable outlook despite the global economy dropping because of the COVID-19 pandemic. Although Moody’s…
A new report by the International Monetary Funds (IMF) has shown that Greece’s economic prospects in 2020 and 2021 remain bleak because of the COVID-19 pandemic after affects. “The poor are getting…
Spotify founder Daniel Ek to invest a third of his own personal wealth in European start-ups in order to achieve the European dream which focuses on a ‘better future for the collective, not just the individual’; the concept at the heart of the American dream.
A report in German newspaper Die Welt by Holger Zschäpitz, titled “Erdogan has strong allies especially in Europe,” wrote that the current Turkish “economic problems may be due to itself, but they…
To deal with the consequences of the pandemic, the Greek government will disburse around €10 billion in support measures for businesses and employees. “The longer the crisis lasts on a global, European…
Over the last decade, Greece has taken centre stage in the news when it comes to bailouts from the EU, increasingly gaining a reputation worldwide as having a ‘weakened economy’, rising debts,…
After years of rapprochement with its neighbours in the Middle East, Turkey appears to be losing its reputation that it has previously gained due to Turkey’s new policy of “Problems Every Where”.…
Greece drew strong demand, €2.5 billion, for a 10-year bond it reopened on Wednesday. The high demand lowered the interest rate down to 1.23%. Prime Minister Kyriakos Mitsotakis hailed the reopening of…
If you’ve ever wondered what Blockchains are, then you’re about to find out. In order to understand Bitcoin and how Bitcoin works, then you first need to know what Blockchain is, and…
Turkish President Recep Tayyip Erdoğan today delivered another of his famous fiery speeches where he blames the problems of his country on external factors rather than his own policies and threatens Greece.…
As Turkey’s economy collapses, the Turkish Yeni Şafak newspaper presents to its readers a narrative of Turkey invading 16 Greek islands. “In case of war [with Greece], the first goal of the…
The Ministry of Finance announced that in the January-July 2020 period, Greece recorded a primary budget deficit of of €8.199 billion, against a surplus target of €1.166 billion. The announcement reflects the…
The European Commission approved the modified €2 billion Greek repayable advance scheme to support companies affected by coronavirus outbreak. The Commission found certain amendments to be in line with the Temporary Framework.…
Greece’s credit ratings is “stable” and reflects a degree of confidence in the sustainability of public finances, after the shock to public finances and economic growth from the COVID-19 pandemic this year,…
The President of the Hellenic Republic, Katerina Sakellaropoulou, stressed the need for a national plan for the immediate use of European funds in order to rebuild the economy as soon as possible,…
“At some point, obviously, there will be changes in the government,” Prime Minister Kyriakos Mitsotakis said during an interview on SKAI Radio, however, he added that he currently has no intentions of…
Research carried out by Ethnos, found that the law of supply and demand certainly applies with accommodation too. Due to coronavirus, prices have been slashed across all the Greek islands, but perhaps…
“Greece will make the most of European funds to restart the economy,” Environment and Energy Minister Kostis Hatzidakis stated at the first informal video conference of EU Environment and Climate Ministers held…