Economy

Greece may return to the markets in 2011 given that conditions continue to improve, Finance Minister George Papaconstantinou told CNBC Wednesday. "All our reforms are on track," he said. "2011 will be a good year to come back to the...

Greece on Tuesday raised 1.625 billion euros in a debt auction, its first since getting bailed out in May, which attracted strong investor interest. The country's Public Debt Management Agency said the sale of 26-week treasury bills was oversubscribed...

According to the European Commission, deposits up to 100.000 euros will be guaranteed in all state-members of the European Union. More specifically, in case a European bank bankrupts, each and every depositor will be compensated in one week! The...

Over 16,000 companies in Greece have seized their activity since the beginning of the year and thousands of middle companies are at the brink of bankruptcy, Greek Ta Nea writes today. Prognoses are that by the end of the year...

The annual summer sales in Attica prefecture will begin on [...]

Greek taxpayers who rushed to send their savings abroad in order[...]

During that vital period of time for Greece a brand new economic scandal is revealed and has caused numerous reactions around the globe! The former Greek justice minister Sotirios Hatzigakis, has been accused of running up 20,000 euros bill...

Paul Krugman (photo) told Il Sole 24 Ore that Greece could have to exit the European single currency. “I would not be surprised if one or two countries had to leave it,” the Nobel Prize-winning economist Krugman told the Italian...

The European Commission Monday denied rumors that Commissioner Olli Rehn will come to Greece in the end of July to ask for additional measures. “I don’t think we are going to ask for additional measures,” spokesperson Amadeu Altafaj Tardio said...

Real estates market in Greece is going through its most serious crisis over the last five years, Greek Vima daily writes. There is around 50% - 70% downturn in the demand compared to five years ago, the prices are falling...

Small bribes that Greeks use in their everyday transactions with the public and private sector, the so called ‘fakelakia,’ may drain as much as EUR800 mil. from the real economy, an NGO official said according to euobserver.com. "Corruption is one...

Greece and Romania are Europe’s leaders in VAT hikes between 2000 and 2010, Eleftherotypia daily writes. According to the economic adviser of Romanian Prime Minister Emil Boc, Paul Vass, the two countries have the highest rise in value added tax...

Scenarios of bankruptcy are haunting Greece for at least three months now. Two of the most important companies around the Globe have come to contradict that fact. Firstly, the DWS Investment company ( one of the biggest companies of capitals'...

Aegean Airlines on Wednesday officially became the 28th star of the international airline alliance Star Alliance, which brings together 4,000 aircraft carrying around 600 million passengers worldwide. The membership ceremony was held at Aegean Airlines' technical base...

New car registrations plunged 54.1 pct in May, compared with the same month last year, with the car market suffering more than any other commercial sector of the Greek economy, the Association of Car Importers and Dealers said on...