Economy

On Monday, Saudi Arabia announced that it deposited $5 billion into the Central Bank of the Republic of Turkey. The move was made to support Turkey's economy, which has taken a battering from pervasive inflation and from the earthquakes that...

The unemployment rate in Greece eased to 10.8% in January, down from 12.4% in December, data from the statistics service ELSTAT showed on Thursday. The reading was the lowest since December 2009 – at the start of Greece’s decade-long economic...

The Bank of Greece reported on Wednesday that receipts from tourism in 2022 surpassed initial forecasts by 2.6 billion euros, reaching 17.6 million. Total travel revenues in 2022 did not exceed those of the last full year before the pandemic,...

The Taliban government in Afghanistan has announced plans to convert some of the former foreign military bases in the country into economic zones for businesses. The move is aimed at reviving the country's struggling economy, which has been hit hard...

The Greek government announced on Wednesday new handouts in a new package worth 800 million euros ($855 million) aimed at pensioners, taxpayers and businesses hit by inflation. The package of measures, presented by Finance Minister Christos Staikouras, envisages payment of...

Greek economic growth was solid in the first half of 2022 and it is projected to continue in 2022, 2023 and 2024, surpassing the EU and the eurozone average growth rates, the European Commission said in its winter economic...

On Sunday, an NFT (non-fungible token) of Giannis Antetokounmpo sold for $187,000 worth of ETH, setting a new record on Sorare NBA, for the highest-sold NFT on the platform. Sorare NBA is an NFT-driven fantasy basketball game, officially licensed by...

The International Monetary Fund (IMF) released the latest World Economic Outlook report this week. The report tracks important global economic trends. The forecast for growth remains low but has improved since the most recent projections. At the same time, the...

Credit ratings agency Fitch raised on Monday the credit rating of three major Greek banks: Eurobank, National Bank of Greece and Alpha Bank. Last Friday, the credit rating of Greece's economy was raised to one notch below investment grade. The...

Four Greek ports across the country have secured EU financing for the implementation of significant infrastructure upgrades. 

US Ambassador to Greece, George Tsunis, said on Friday that more investments are coming to Greece from the US in 2023. 

Fitch Ratings upgraded Greece's Long-Term Foreign-Currency Issuer Default Rating (IDR) to "BB+" on Friday. The previous rating was "BB". The Outlook is now Stable. The news is positive for the Greek economy, which has been on a bumpy road since...

An egg shortage is driving up the price of eggs for consumers across the US and other countries. The main cause appears to be a strain of bird flu which is threatening commercial flocks of chickens. Economists have also...

Several large media corporations in the US, including CNN, Vox, BuzzFeed, and The Washington Post, have announced that they will lay off significant numbers of staff. Journalists across the country could be facing unemployment in what increasingly appears to be...

Alibaba Group Holding LTD. is planning to invest more than $1 billion in Turkey. The news became public knowledge after the company's president, Michael Evans, told the Turkish newspaper Sabah about Alibaba's investment plans in Turkey. It was revealed that...