Economy

COVID-19 restrictions may be reimposed throughout Greece in the fall, the country's health minister predicted on Monday. The news comes amid the latest surge of cases after the country eased safety measures and as it now welcomes a flood...

Russia has defaulted on roughly 37.8 billion euros, or $40 billion—in international debt, the effects of mounting and crippling international sanctions four months into its invasion of Ukraine. Russia had originally faced a May 27th deadline to hand over the...

Rent is on the rise in Athens for smaller apartments in newer buildings, especially in selected suburbs. Some landlords in Maroussi and Elliniko have been charging as much as 37 euros, or $39, a square meter. The rental units that...

Athens soared nineteen places in The Economist Intelligence Unit’s latest ranking of the world’s most livable cities, among the biggest upward movers in the annual report. Its climb to number 73 on the list of 172 cities comes a year...

Americraft Marine, a subsidiary of the Libra Group, acquired St. Johns Ship Building, a full-service marine facility specializing in constructing and repairing Jones Act-compliant vessels, according to an announcement by the Group. The ships constructed and repaired at St. Johns...

Germany will reopen its high-polluting coal power plants after Russia cut off its gas pipeline to Europe. The emergency decision announced Sunday came as Germany tries to avert a supply shortage and as the continent struggles to respond to reductions...

The value of Bitcoin has plummeted but El Salvador President Nayib Bukele said his country's worried investors should still "enjoy life." "Patience," he instructed, "is the key." The words of reassurance came in a tweet late Saturday, shortly after the...

In an effort to curb concerns over food security, Turkey plans to lease farmlands in various countries to boost agricultural production, it emerged this week. For years now, Turkish authorities have been exploring such opportunities in ten nations in Africa...

Over 1,000 millionaires will become migrants to Greece and choose the country as their new permanent home this year. Greece cracked the top 10 of destinations that "millionaire movers" are expected to choose, according to a new report from Henley...

The US Federal Reserve's decision to raise interest rates by three quarters of a percent on Wednesday—the biggest hike since 1994—was designed to rein in the country's overheated economy and fast-rising inflation, which have led to price spikes market...

Greece is expected to get the green light from the June 16 meeting of the Eurogroup, in order to exit from its enhanced surveillance status.

A new cross-border bridge which links Russia and China opened on Friday, as the two countries grow closer in the wake of the war with Ukraine. The bridge runs from the Russian city of Blagoveshchensk to Heihe in China over...

Much like in many parts of the world, the inflation rate in Greece has soared to its highest rate in nearly thirty years this month. The Greek inflation rate reached 11.3 percent in May alone, which is up from 10.2...

Jamie Dimon, chairman and chief executive of JP Morgan Chase, described the challenges facing the US economy as akin to a “hurricane” down the road. Dimon’s comments come a day after US President Joe Biden met Federal Reserve Chairman Jerome...

As the US national average gas price hit $4.6 per gallon, Calamos President & CEO John Koudounis says that this is mainly due to the fiscal policy pursued by the Biden administration. In his May 30, 2022, conversation with Fox...