Economy

A new study published by Greece's Institute of Tourist Businesses Confederation (INSETE) on Friday reveals that when people search for a holiday destination in Greece, they have a different Greek destination as an alternative plan, rather than another country. This...

According to data released by Eurostat on Friday, Cyprus has recorded the largest annual decrease of unemployment anywhere in the EU -- and Greece came in second in that regard. Unemployment in Cyprus fell further in January, 2019, to 7.4...

This Friday held a positive surprise for the Greek economy, as the yield on Greece's 10-year state bond fell to 3.647 percent, the lowest level in more than a year. According to Greece’s state-run AMNA news agency, this is partially...

Papastratos, Greece's largest tobacco manufacturer and distributor, announced on Thursday that it will give shares worth a total of €1.0 million in its parent company Philip Morris International to its workers. In the statement, the Papastratos company said that it...

The Greek Prime Minister’s office issued a statement on Wednesday in which it announced that the Greek Shipowners Association has reached a new agreement with the Greek government. According to this agreement, the shipowners will have to pay annually at...

The American Energy Company Exxon Mobil announced on Thursday afternoon that after a series of exploratory drillings, they have discovered large quantities of natural gas off the coast of Cyprus. The discovery was made at the well named ''Glaucus 1,''...

The Greek authorities are planning to implement a number of restrictions on both landlords and companies which rent out their properties via Airbnb-style platforms, according to Greek media reports. The huge increase in the number of properties that have disappeared...

The Center for European Policy (CEP) published a study on Monday which states that Greece added €2 billion to its economy in the sixteen years between 2001 and 2017. This figure is of course quite low compared to other Eurozone...

The number of people who traveled to Greece in 2018 totaled 30.12 million, the Bank of Greece announced on Thursday. This staggering number reflects an increase of 10.8 percent compared to 2017, when 27.19 million people visited the country. The revenues...

Aegean Airlines will begin service to seven new international destinations from its hub in Athens in 2019, it announced in a statement on Wednesday. According to the company, Athens will be directly connected to Marrakesh, Casablanca, Ibiza, Valencia, Sarajevo, Tunis...