Economy

China is on track to becoming the top car exporter worldwide this year, surpassing Japan, as reported by Financial Standards. This change signals a significant shift from the long-standing leadership of European, American, Japanese, and South Korean car manufacturers. However,...

Greek wine production in 2023 is expected to drop by 30 percent, primarily attributed to the prevalence of downy mildew, the Athens-Macedonian News Agency reported. The Greek Winemakers' Association's leader, Yiannis Voyatzis, disclosed this projection during discussions with Agricultural Production...

Greece has became a European champion in regards of tax-free shopping against the background of the turbulent economic situation in the world. The country has become the favored destination for duty-free purchases by visitors from third countries. Although there...

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 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...

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...

Amazon is planning to lay off more than 18,000 employees to cut back on costs. It will be the largest dismissal of workers in the firm's 28-year history. It has not yet been announced where the job losses will occur,...

The world's most controversial cryptocurrency, Bitcoin, has a climate impact greater than the production of beef and results in nearly as much environmental damage as crude oil, researchers in the United States have calculated. Research from the University of New...

Even with little awareness of cryptocurrency and blockchain technology, Greece ranks sixth in terms of the number of cryptocurrency ATMs. This is out of twenty-seven European member states. There are currently sixty-four active ATMs for usage, mostly concentrated in the...

The 50th anniversary of Greece-China diplomatic relations was celebrated with a special event, attended by hundreds on Thursday evening, at the Zappeion Hall in central Athens. The event was also held in celebration of the 73rd anniversary of the founding...