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Economy

Thessaloniki-Skopje Oil Pipeline To Reopen This Year

Hellenic Petroleum chairman and CEO Efstathios Tsotsoros said on Wednesday that the existing oil pipeline between Thessaloniki and Skopje could resume operation as soon as the end of this year. Speaking with the state-run AMNA news agency, Tsotsoros noted that...

Greece Becomes the Second Largest Investor in North Macedonia

Greece's importance in the economy of North Macedonia is becoming even more clear after the ratification of the Prespa Agreement, as the country became the second largest investor in North Macedonia for the year of 2018. The role of Greek businesses...

Athens Real Estate Investment Climate Heats Up

According to a PricewaterhouseCoopers (PwC) report published this week, Athens climbed to 14th place in Europe from the 29th spot it held in 2017 regarding property investment prospects. The report was conducted by the London-based company for the well-known "Urban...

Greek Premier Tsipras on Historic First Visit to Skopje

The Greek Prime Minister Alexis Tsipras is visiting Skopje on Tuesday, in the first official visit of a Greek Premier to the newly-named country of North Macedonia. Tsipras' visit to Skopje inaugurates a new era in relations between Greece and North...

Study Finds Brain Drain is the Biggest Worry of Greeks and Other Europeans

A survey conducted recently by YouGov for the European Council on Foreign Relations shows that the nations of Southern and Eastern Europe worry more about emigration than immigration. The trend of millions of young, educated people leaving Southern and Eastern...

Greece Records Largest Annual Unemployment Decrease in EU for 2018

Greece recorded the largest annual unemployment rate decrease in the EU for 2018, Eurostat disclosed in a report which was released on Monday. The European Executive's Statistics Service noted that the Greek unemployment rate fell a full 2.8 points, from 20.8...

Greek Parliament Votes in Favor of New Primary Residence Protection Bill

The Greek Parliament approved on Friday the new Primary Residence Protection bill which came up for discussion in the Parliament on Wednesday. Out of 231 MPs who participated in the vote, 194 voted in favor of Article 68, which incorporated...

Olive Oil, Cheese and Fish Lead to Boom in Greek Exports for 2018

The Panhellenic Exporters Association published new data on Thursday which show a significant increase in Greek food exports between 2017 and 2018. The data show that the products for which Greece has a very strong brand-name played a crucial role...

No Agreement on Primary Residence Protection Delays Eurozone Cash to Greece

The Euro Working Group concluded its meeting on Monday night without an agreement on when the Eurozone will release the first tranche of approximately one billion euros to Greece. This amount of money is the first tranche of approximately €4.8...

Germany Opposes Greek Plans to Repay IMF Loans Early, Report Says

The German Finance Ministry is believed to be opposed to Greece's plans to repay the country's loans to the IMF earlier than stipulated, the German paper Handelsblatt reported on Friday. The Greek Finance Ministry is planning to repay a sum of €3.8...