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Tag: economy

Greek Prime Minister Kyriakos Mitsotakis. mask

Mitsotakis: Greek exports are enduring despite the pandemic

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…

Moody's credit rating agency.

Greek credit rating upgrades despite global economic downturn

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…

IMF: Unemployment will reach nearly 20% in Greece 1

IMF: Unemployment will reach nearly 20% in Greece

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…

Ek

Spotify chief Daniel Ek to invest €1bn in European start-ups

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.

If the Turkish economy collapses, banks in Europe will "fall" 2

If the Turkish economy collapses, banks in Europe will “fall”

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…

How will Greece be impacted by Cryptocurrency? 3

How will Greece be impacted by Cryptocurrency?

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,…

How are Blockchains and Bitcoin related? 5

How are Blockchains and Bitcoin related?

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…

Greece confirms budget primary deficit of €8.199b in Jan-July

Greece confirms budget primary deficit of €8.199b in Jan-July

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…

Fitch Credit Ratings says Greece's outlook is "stable" 10

Fitch Credit Ratings says Greece’s outlook is “stable”

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,…

Elections are not in the Greek PM's plans at the moment

Elections are not in the Greek PM’s plans at the moment

“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…

Hotel prices slash on Greek islands 12

Hotel prices slash on Greek islands

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…