Greece
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economic growth

IMF Says Greek Economy Will Grow by 6.5% This Year

The International Monetary Fund (IMF) announced on Tuesday that the Greek economy is looking at a growth rate of 6.5% by the end of 2021. The IMF detailed the country's growth for 2021 in their global economic outlook report, where...

Greece Announces Whopping 6.1% Growth Forecast for 2021

Greece announced that its economic growth will reach an astounding 6.1 percent in 2021, according to the provisions of the draft budget plan brought before Parliament on Monday. More specifically, the country's GDP is projected to grow by 6.1 percent...

S&P Raises Greece Rating to "B" Due to Improved Growth

Standard & Poor's Global Ratings on Friday upgraded Greece’s long-term sovereign credit rating by one notch to B from B- leaving it below investment grade but with a positive outlook. The country’s long-term foreign currency debt was upgraded to B...

Greece Achieves Anaemic Economic Growth in Second Straight Quarter

The Greek economy grew, albeit aneamically, for the second straight quarter, provisional figures released Friday showed. It is a development that's positive, but nevertheless  unlikely to raise hopes that the economy is on more stable ground, after 7 years years...

Europe’s Refugee Crisis Could Boost Economic Growth, Says EU Commissioner Moscovici

European Commissioner for Economic and Financial Affairs Pierre Moscovici said during an interview at CNBC over the weekend that Europe’s refuge crisis could boost economic growth by forcing governments to increase public expenditures. "This is a very emotional crisis and...

Greece Ranks Low on OECD's World Education Rankings

The latest Organization for Economic Co-operation and Development (OECD) report on education, the largest worldwide ranking regarding school systems that has ever been conducted, found that Asian countries have the best educational systems in the world. Furthermore, the report noted that...

EU Commission Slashed Greek Economy Forecasts

The European Commission slashed its previous forecasts regards the Greek economy growth in 2015 and the country’s primary surplus, announced Pierre Moscovici on Tuesday, May 5. The Commission, which finished gathering data for its forecast on April 21, noted that...

First Greek Hydroplane Airport to Be Built in Corfu

The decision for the establishment of Greece’s first hydroplane airport was signed on Monday, December 22, by the Minister of Mercantile Marine and Aegean, Miltiadis Varvitsiotis, and the Deputy Minister of Infrastructure, Transportation and Networks, Michalis Papadopoulos. The hydroplane airport will be built in...

PM Samaras: Greece's Return to Growth Is a Fact

The Hellenic Statistical Authority (ELSTAT) announced earlier today that Greece's GDP growth rate for the third quarter of 2014 stands at 1.7% and Prime Minister Antonis Samaras made an official statement on the matter. The Greek Premier underlined that the...

Former BoG President: Greece Never Had a Bailout Plan

Former Bank of Greece president Giorgos Provopoulos said in a television interview that Greece had no clear bailout plan from the beginning and that in 2012 there was a "plan B in case of a bank panic." Provopoulos said that...