Tag: Greek finance

VILLA IN GREECE

Greece records largest drop in house prices and rents

Greece recorded the largest drop in house prices and rents within the EU between 2007 and the third quarter of 2019 according to the latest data from Eurostat, the European Union’s statistics…

GREECE UNEMPLOYMENT

Greece amongst countries with lowest job vacancy rates

According to the latest figures from the European Union’s statistics agency Eurostat, Greece is amongst the countries with the lowest job vacancy rates. Among the EU Member States for which comparable data…

GREEK HERSBS

Greek natural products exporters expand overseas

From Cretan medicinal herbs known since antiquity to mastic infused skin balms, Greece’s natural and organic product makers are penetrating overseas markets amid rising consumer awareness of the need for healthier and…

GREEK PARLIAMENT HOUSE

Greece in Brief: December 2019 report card

With a better than expected economic outlook and rising exports, Greece enters 2020 with a more optimistic outlook on the future. Tourism revenues were up by more than 14% in 2019 compared…

Greece’s economy forecast to grow by 2.8 percent in 2020 6

Greece’s economy forecast to grow by 2.8 percent in 2020

Greece expects its economy to grow by 2.8 percent in 2020 whilst respecting fiscal pledges to the country’s creditors, said a draft budget released on Monday. The draft submitted Monday to parliament…

Greek GDP to surpass 200 billion euros 13

Greek GDP to surpass 200 billion euros

The Tsipras government is optimistic that the country’s GDP will exceed 200 billion euros based on the forecasts of the Medium-Term Fiscal Strategy (MTFS) 2020-2023 that is to be tabled in parliament…

Piraeus Port achieves record results and turnover for 2018 15

Piraeus Port achieves record results and turnover for 2018

Greece’s largest port had a huge turnover in 2018, with an increase of 19.2 percent in 2018 to 132.9 million euros, against 111.5 million euros in 2017, the Piraeus Port Authority (PPA) said last week, upon…

Greece makes 1-billion-euro profit on bonds 17

Greece makes 1-billion-euro profit on bonds

The Managing Director of the European Stability Mechanism (ESM) Klaus Regling claimed on Monday that Greece was expected to receive 1 billion euros of profit returns on Greek bonds holdings (ANFAs and…

Greek unemployment takes another dive 19

Greek unemployment takes another dive

The Hellenic Statistical Service (ELSTAT) published optimistic unemployment figures on Thursday showing a considerable drop in unemployment. Specifically, ELSTAT reported that the unemployment rate in November 2018 dropped to 18.5 % from…

Tsipras government increases minimum wage by 11%   21

Tsipras government increases minimum wage by 11%  

Following approval by cabinet on Monday, the Tsipras government will proceed with an 11% increase in the minimum wage and the abolition of the sub-minimum wage.  According to government sources Labour Minister…

2.5 million Greek pensioners enjoy slight income increase 23

2.5 million Greek pensioners enjoy slight income increase

According to a report published by the “Helios” pension payment information system the average monthly Greek pension (basic and supplementary pension) totalled 896.5 euros in the August-September 2018 period. The number of…

S & P give Greece the green light with ratings upgrade 25

S & P give Greece the green light with ratings upgrade

International ratings agency Standards and Poor’s reaffirmed Greece’s credit rating from ‘B’ to ‘B+’, with a positive outlook and a higher growth rate than the eurozone in the next three years. According to…

Greece still ranks number 1 in unemployment 27

Greece still ranks number 1 in unemployment

The European Statistical Agency EUROSTAT released its latest report on unemployment figures on Friday, indicating that the average unemployment rate in the euro area is 8.1% and 6.7% amongst the EU Member States…

Why now is the perfect time to buy property in Greece 29

Why now is the perfect time to buy property in Greece

No one needs convincing of Greece’s seductive lifestyle, incredible beaches, and stunning villages, so it’s no wonder why so many people worldwide dream of owning property on the Aegean. And here are…

Greek marble

Greece amongst top 10 marble exporters in the world  

Export of Greek marble has made a sharp rise worldwide, especially to the United Arab Emirates. According to a new report from the Dubai Information Economic and Commercial Affairs, in 2017, Greek…