Economy
Economy
Bitcoin Mining is Environmentally Unsustainable, New Research Shows
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...
Economy
Greece Sixth for Most Cryptocurrency ATMs in European Union
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...
Diplomacy
Greece, China Celebrate 50th Anniversary of Diplomatic Ties
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...
Economy
July Becomes a Record-Breaking Tourism Month in Greece
Despite the waning COVID-19 pandemic and the political turmoil the EU is currently facing with the Russian invasion in Ukraine, July was a record-breaking month for tourism in Greece. July saw a high flux of tourists arriving in the...
Greek News
More Than 40% of Greeks Can’t Afford to Take Vacation; Among Highest in EU
This summer has brought throngs of tourists to Greece but a new report found that more than 43 percent of all employed Greek citizens cannot afford to go on vacation.
They totaled more than 1.6 million of the 38 million...
Economy
Euro Equal to the US Dollar for First Time in 20 Years
The exchange rate between the euro and the US dollar is the same on Tuesday for the first time in 20 years.
As of Tuesday morning Greek time, one euro is equal to exactly one dollar, meaning that the value...
Economy
Prices of Goods Continue to Increase in Greece
Prices of everyday goods in Greece continue to increase, which has caused shoppers to cut back significantly in recent months.
The cost of everything from electrical appliances, cars, milk, and soap has increased substantially in Greece, much like in most...
Life
US Cancels $6 Billion of Student Loans
The US Department of Education has agreed to cancel $6 billion worth of student loans for over 250,000 people as a result of a settlement of a class-action lawsuit.
The case, Sweet v. Cardona, involved 264,000 people who claimed that...
Greece
Top Greece Destinations Too Expensive for Locals
Due to the country's economic crisis, many vacation destinations in Greece have become exceedingly expensive, so much so that average Greeks cannot afford to travel in their own country.
Much like in many parts of the world, the inflation rate...
Economy
Greek Inflation Rate Soared to 11.3 percent in May
Much like in many parts of the world, the inflation rate in Greece has soared to its highest rate in nearly thirty years this month.
The Greek inflation rate reached 11.3 percent in May alone, which is up from 10.2...