Economy

Greek Prime Minister Alexis Tsipras announced on Monday that the nation will raise its minimum wage to €650 ($745) per month, and his government will abolish the ''sub-minimum'' wage which has been paid to those under the age of 25. Tsipras declared...

Local authorities from Greece’s largest prefecture of Attica revealed this week that they plan to promote wedding tourism in the region in the coming year. The announcement was made at the unveiling of Attica's strategic plan for tourism for 2019. Speaking with the...

Greece’s public debt reached €334.988 billion in the third quarter of 2018, an increase of €21.493 billion over that of the same quarter in 2017, the Greek National Statistical Authority (ELSTAT) said on Monday. The Greek statistical authority noted that...

A German-based Greek start-up company founded by Greek entrepreneur Kostas Tzoumas was bought by the gigantic Chinese company Alibaba earlier this month for approximately €90 million. The start-up, named ''Data Artisans'', founded in 2014 by the Greek graduate of Athens’...

P & O Ferries, a British shipping firm, has decided to register its entire English Channel operating fleet in Cyprus, a company spokesman told the Cypriot state-run CNA news agency on Friday. The decision follows the initial re-flagging of two of...

Standard & Poor’s (S&P) rating agency kept Greece’s credit rating at ''B+'' on Friday, following an upgrade made in July 2018, when the agency increased the country's rating by one notch. According to S&P, the outlook for the Greek economy...

According to new data published by the Organization for Economic Cooperation and Development (OECD) on Tuesday, Greece was among the nine countries out of all 36 Organization members to raise business taxes during the last decade. The nominal tax rate...

Greece’s largest public-sector union organization (ADEDY), which represents employees working for the country's public sector, has called for a 24-hour nationwide strike on Thursday, January 17. ADEDY demands the revocation of the new system for teachers' appointments, contained in a...

According to a study published on Tuesday by the Bank of Greece, tourism revenues, measured on a per capita basis, have declined in Greece over the last several years. This finding came as a bit of a surprise, as Greece...

The annual winter sales period for shops across Greece is expected to start this year on Monday, January 14, 2019. The special sales will run until Thursday, February 28, 2019, according to an official announcement issued on Monday by the Athens...