economic recovery

A new report from the International Monetary Fund (IMF) released on Wednesday estimated that the Greek economy will grow by 3.3% this year.

Greece unveiled on Wednesday the so-called National Recovery and Resilience Plan for the day after the coronavirus pandemic.

Finance Minister Christos Staikouras and Alternate Minister Theodoros Skylakakis on Monday brought a draft for the 2021 state budget before Parliament. The plan envisages a robust economic growth rate of 7.5 percent for the next year, and features a series...

Greek Parliament's quarterly report points to growth prospects to follow the completion of the first review and "additional bailout." The report states that development will come if the reforms are adopted, but there are still dangers lurking. The report stresses...

According to the Greek financial newspaper Kefalaio, foreign investors holding large Greek bank shares are due in Athens on February 28th for a series of meetings with high level Greek officials, which include Prime Minister Alexis Tsipras. According to the same source,...

"Greece has nothing to lose by saying no to creditors," is the title of an analysis by The Financial Times that says bankruptcy and a subsequent Grexit would not be catastrophic after all. According to the article, Prime Minister Alexis...

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...

Friday’s crucial Eurogroup meeting with both the Greek side and the Eurozone member states’ Finance Ministers appearing pleased with the negotiations outcome, is what has been described as a rare compromise. Cyprus, among the 19 Eurozone members, has welcomed...

Speaking to Spanish radio station "Ondra Cero," Athens mayor Giorgos Kaminis said that the city is on the path to economic recovery and that unemployment figures are deceptive because employment has been replaced by unregistered employment. The Greek mayor said...

Fitch Ratings affirmed Greece’s long-term foreign and local currency Issuer Default Ratings (IDRs) at 'B' and its outlook as stable. The rating in May was 'B-'. However, the rating will drop if the country goes to premature elections without clear...