Economy

The 2024 budget tabled in Parliament on Monday shows that Greece's economy is projected to grow at a faster pace next year, rising by 3.0 percent compared to a 2.3 percent expansion this year. According to the draft budget, Greece...

Greek systemic banks earned credit upgrades from credit agencies Fitch and Moody's on Tuesday following a recent round of upgrades of Greece's credit rating. Fitch Ratings upgraded Eurobank SA's Long-Term Issuer Default Ratings (IDRs) to 'BB' from 'BB-', and Viability...

"Most likely we will avoid a recession" notes John Koudounis in an exclusive interview to Greek Reporter. The president and chief executive officer of Calamos Investments also spoke about the US economy, interest rates, inflation, recession fears, crypto and...

John Koudounis, president and chief executive officer for Calamos Investments told the Concordia Summit taking place in New York that he does not foresee lower interest rates soon. Koudounis spoke at a panel titled "Navigating Investment Landscapes: Capital and Opportunity"...

Agriculture in Thessaly, the region regarded as the bread-basket of Greece, has been devastated by the recent floods that left 16 people dead. Αlmost 70% of cotton crop in Thessaly, Greece is estimated to have been damaged by the floods...

Late Friday, the ratings firm Moody's gave Greece's economy a significant vote of confidence by raising the country's credit rating by two notches. Moody's said it was upgrading Greece's rating from Ba3 to Ba1, with a stable outlook. It stopped...

Rating agency DBRS Morningstar lifted Greece’s credit rating to investment-grade status to triple B on Friday following recent upgrades of other international agencies. DBRS said the upgrade reflected its view that, in line with Greece’s “impressive” record, “the Greek authorities...

The Greek economy recorded a growth rate of 2.7 percent in the second quarter of 2023 compared to the same period in 2022, according to data compiled by the Hellenic Statistical Authority (ELSTAT). ELSTAT data indicate that, on an annual...

Oil prices hit a new annual high as Saudi Arabia and Russia, the world's largest oil exporters, announced an extension of production cuts. Brent crude, the global benchmark, rose 1.8 percent and traded above ninety dollars per barrel, while...

Greek wine production in 2023 is expected to drop by 30 percent, primarily attributed to the prevalence of downy mildew, the Athens-Macedonian News Agency reported. The Greek Winemakers' Association's leader, Yiannis Voyatzis, disclosed this projection during discussions with Agricultural Production...

After six consecutive quarters of deficit, the EU economy has finally shifted to a trade surplus with the rest of the world. During the second quarter of this year, the European bloc recorded a minor surplus of €1 billion. This...

Heineken has sold its business in Russia for one euro. The company had announced its plan to leave Russia over a year ago as a result of the Ukraine invasion. The Dutch company will be losing over €300 million by...

Greece has became a European champion in regards of tax-free shopping against the background of the turbulent economic situation in the world. The country has become the favored destination for duty-free purchases by visitors from third countries. Although there...

Stocks of natural gas in the EU have reached a historic high. By August 17th, the storage facilities of the EU member states were 90.12 percent full. This was reported by Politico in reference to data from the Gas...

Greece has become the best choice for investment in emerging markets, said Marshall Stocker, co-head of emerging markets at Morgan Stanley. As Stocker stated on CNBC's Squawk Box, this was due to "the improvement in the economic institutions that the...