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Economy

Bitcoin Tops $63K for First Time Since November 2021

Bitcoin reached a new high, surpassing $63,000 on Wednesday for the first time since November 2021. This surge was fueled by increased trading in Bitcoin exchange-traded funds. Investor interest in Bitcoin was also boosted by a decrease in its supply...

The Top 10 Countries Dominating Global Gold Reserves

Gold continues to be an important indicator and store of value in the modern era, serving as a hedge and retaining its value even during times of economic crisis. With that in mind, here are the top 10 countries...

Shadow Economy in Greece is Shrinking, IMF Says

The shadow economy in Greece fell to 16 percent of GDP in 2021 according to the latest report by researchers at the International Monetary Fund (IMF). The report titled "Recent Trends of Informality in Greece: Evidence from Subnational Data" notes...

Bitcoin Price Hits $50,000 at Two-Year High

Early on Monday, February 12, Bitcoin reached its highest price since December 2021, surpassing $50,000 for the first time in over two years. This caused a surge in the value of other cryptocurrencies and related stocks. Coinbase's stock, as...

AI to Hit Almost 40% of Jobs Worldwide, Warns IMF

A recent warning from the International Monetary Fund (IMF) highlighted the potential impact of artificial intelligence (AI) on jobs worldwide. The IMF, based in Washington, D.C., stated that almost 40% of jobs globally could be influenced by AI. Moreover, high-income...

Greek Economy Set for Continued High Growth in 2024

After a robust recovery from the Covid-19 pandemic and increasing favor with several credit rating agencies, the Greek economy is expected to see a continued trend in positive growth in the new year. The Greek Economy in 2024 In its World...

Greece to Issue Bonds Worth 10 Billion Euros in 2024

The Greek state is planning to cover more than half of its borrowing needs for 2024 by issuing bonds worth ten billion euros.

Passenger Traffic at Greek Airports Close to All-Time Record

Passenger traffic at Greek airports reached an all-time record between January and November 2023, the Civil Aviation Authority announced.

The Economist Ranks Greece’s Economic Performance in Top Spot for 2023

Greece's economic performance for 2023 has been ranked in the top spot in the list of 35 countries around the globe by the Economist magazine. According to the Economist’s analysis based on five economic and financial indicators (inflation, “inflation breadth”,...

Construction of New Bridge Linking Greece and Turkey Set to Begin

Greece and Turkey have agreed to begin construction of a new bridge linking the two countries in the Evros region. The bridge will improve road safety conditions and ensure the smoother movement of passengers and goods between the two...

Greece’s Tourism Figures Skyrocket in 2023

Greece's tourism figures have soared in the first 10 months of the year, as the air and road arrivals data published by the Greek Tourism Confederation (SETE) show. Specifically in the January-October 2023 period, 23 million international air arrivals were...

Fitch Ratings Upgrades Greece to Investment Grade

Fitch Ratings has upgraded Greece's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'BBB-' from 'BB+'. Characterized by Greek finance experts as the strictest and most robust rating agency, Fitch rewards the Greek economy's effort by giving the country a vote...

The World’s Most Expensive Cities in 2023

In recent news affecting everyone feeling the financial squeeze, the ongoing global cost of living challenge persists, especially hitting those in big cities hard. This has given us a list of the world's most expensive cities in 2023. As per...

Greek Economy and Investments on the Spotlight at Capital Link Summit

The Greek economy and the inflow of foreign investments will be the central theme of Capital Link's Annual International Summit which will take place in New York on Monday, December 11. The event at the Metropolitan Club will feature top...

Greek Shippers Exit Russian Oil Trade Amid Growing US Scrutiny

Three major Greek shipping companies, Minerva Marine, Thenamaris, and TMS Tankers, have ceased transporting Russian oil in recent weeks to avoid US sanctions. They are aimed at targeting shipping firms engaged in the movement of Russian oil. The move is...