Economy

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...

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...

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...

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...

Greece expects its economy to grow by 2.9 percent next year from 2.4 percent in 2023, according to the final budget plan for 2024 tabled in Parliament on Tuesday. The budget plan will be discussed in the Parliamentary Economic Affairs...

Greece on Wednesday announced fines totaling 1.67 million euros ($1.81 million) on the local branches of two U.S.-based healthcare and consumer products giants for alleged breaches of a profit cap imposed amid Greece's cost-of-living crisis. The Development Ministry said Johnson...

In less than four decades, Ireland, unlike Greece, has gone from one of the poorest countries in the EU to one of the richest. On the contrary, Greece not only went bankrupt but was left behind, far behind. By George K....

Greece’s economy is expected to expand by 2.5% this year due to strong domestic demand, investments and EU funds, the International Monetary Fund (IMF) said on Tuesday. Growth will slow down to 2.0% next year, the fund said in staff...

Greece on Monday announced plans to sell a 20 percent stake in the National Bank of Greece (NBG) after concluding the sale of a 9 percent stake in Alpha Bank to UniCredit. The shares in NBG, Greece's second-largest bank by...

ChatGPT came out almost a year ago and has only increased enthusiasm for generative artificial intelligence and jobs in this field. Increased enthusiasm in the labor market is apparent both among employers and job seekers. Thus, over the year, the...

In an official decree, Greece's Ministry of Development has announced fines of €1 million each on Unilever and Procter & Gamble. The penalties were imposed due to the violation of gross margin cap regulations spanning over one hundred product...

Greece's Ministry of Finance has announced an initiative to offer citizens a bonus of up to 3,000 euros for reporting instances of tax evasion. The incentive is part of a broader movement in strengthening tax compliance and transparency in...

The size of the shadow economy in Greece reaches 20.9 percent of the country's Gross Domestic Product (GDP), Bank of Greece governor Yannis Stournaras said on Tuesday. Shadow economy consists of transactions between individuals, or individuals and businesses, without being...

The European Central Bank (ECB) meeting in Greece, left interest rates unchanged on Thursday, after an unprecedented streak of 10 consecutive rate hikes. The ECB has lifted rates by a combined 4.5 percentage points since July 2022 to combat runaway...

Amazon is continuing its investment in Greece with the creation of a solar park in Makrihoria, Aetoloakarnania. This project is one of a total of thirty-nine new renewable energy projects announced by Amazon in Europe, adding more than 1GW of...