Higher energy bills are pushing Greeks to cut spending on food or health care, according to a European Investment Bank survey released Thursday. More than half of respondents reported making those sacrifices, showing how energy costs are affecting basic...
Paraguay's President Santiago Peña announced his resignation Thursday after the collapse of Ueno Bank left millions of customers unable to access their money and triggered widespread protests across the country.
The crisis began Tuesday, Nov. 3, when Paraguay's central bank...
Greek yogurt has become Greece’s leading export to the United Kingdom, with its export value rising 67.1% in the first eight months of 2026. Shipments reached £152.57 million, equivalent to approximately $206 million (€182.8 million), according to British customs...
Greece is moving to require human oversight for critical decisions made by AI and digital labor platforms, including the suspension or termination of a worker’s account, under a bill presented to the cabinet on Monday.
Labor and Social Security Minister...
Manufacturing growth in Greece hit a five-month low in October as energy costs surged and suppliers struggled to deliver materials, according to a survey released Monday. The slowdown added to signs that international fuel and shipping disruptions are putting...
Cryptocurrency exchange Binance experienced $3.64 billion in net customer withdrawals after reopening its services following last week's record $6.3 billion cyberattack, highlighting investor concerns over the security of the world's largest cryptocurrency trading platform.
According to Reuters, CoinDesk and Agence...
Greek honey is selling better than ever abroad, with exports climbing by around 10.5 percent in 2025 to more than $31 million. Officials say, however, that the real challenge now is protecting the product’s origin and making sure more...
Greece's efforts to attract wealthy foreigners are bringing new investment to Athens, particularly along its southern coastline. However, the growing demand for luxury housing is also changing established neighborhoods and raising questions about the country's ability to retain its...
European Central Bank (ECB) President Christine Lagarde announced Thursday that she will step down on February 7, 2027, nearly nine months before her term ends. She said she wants greater freedom to speak about issues beyond monetary policy. Her...
Greek households spent more than their disposable income in 2025, with consumption exceeding available income by 6.4 billion euros ($7.1 billion), according to figures released by the Hellenic Statistical Authority.
The agency reported 171.8 billion euros ($191.3 billion) in final...
Organized outdoor hiking groups are actively transforming the stagnant economies of desolated mountain villages across provincial Greece.
This expanding tourism sector offers an unexpected financial lifeline against relentless urbanization and severe demographic decline. A recent Institute of Local Government study...
Greek Finance Minister Kyriakos Pierrakakis said the UK was Greece's largest investor in 2025, accounting for 5.3 billion euros ($5.92 billion) in investment flows, as the two countries seek closer economic ties.
Speaking at the Hellenic-British Chamber of Commerce's annual...
S&P Global Ratings, one of the major global credit rating agencies, has affirmed Greece’s long-term sovereign credit rating at BBB, with a stable outlook, maintaining the country’s investment-grade status following its scheduled review on Friday.
The US-based rating agency also...
The Bank of Greece forecasts a stable 2 percent GDP growth rate for the full 2026 calendar year. The central bank published these official economic projections in its latest "Note on the Greek Economy" report.
While the domestic economy exhibits...
Western Macedonia’s economy was 18% smaller in 2024 than it had been before the pandemic, placing the northern Greek region among the European Union’s weakest performers over the five-year period.
Figures highlighted by Eurostat on October 22 show that only...
