Economy

Greece will meet the 3.5 percent primary surplus target for 2019 and therefore no pension cuts will be needed, said European Commission Vice President Valdis Dombrovskis on Thursday. He spoke in response to a question posed by the Greek Member...

The Greek government announced Wednesday that the Uniform Real Estate Ownership Tax (ENFIA) will be significantly reduced for over 5.1 million property owners. In addition, the state will distribute a one-time payment to more than 1.3 million people as...

The Greek state budget recorded a primary surplus of €6.435 billion ($7.315 billion) in the ten months between January and October 2018, exceeding a target of €4.749 billion ($5.397 billion). The new figures also show a surplus of €5.330...

The Hellenic Bank Association is ready to agree with the Greek government on a new plan which aims to protect the primary homes of property owners. Just as importantly, the new  plan will not create any unwanted financial side-effects,...

Τhe Bank of Greece on Thursday presented a plan to reduce Greek banks' non-performing loans by up to 47 percent. Greek banks currently hold the highest level of such loans in Europe. The non-performing loans are a huge burden for banks...

Greece officially opened the third tank for Liquefied Natural Gas (LNG) on the small island of Revithousa, off of the coast of Athens, on Thursday. George Stathakis, Greek Environment and Energy Minister, spoke at the opening ceremony for the project, saying it was...

Australia's interest in Greek investment is growing all the time, stated Australia's Ambassador to Greece Kate Logan at a meeting on Thursday with Deputy Prime Minister and Economy Minister Yiannis Dragasakis. Of particular interest to potential investors are the sectors of...

According to the ERGANI database of the Greek Labor Ministry, the wages the Greek State paid to its staff rose by the impressive figure of 16.7 percent from 2014 to 2017. The information was released following a request from...

In an interview with the state-run news service AMNA, US Ambassador to Greece Geoffrey Pyatt said that the economic situation is better than it was a couple of years ago and stressed the need "to put a positive spotlight on...

Economic growth in Greece will exceed two percent in 2019 and 2020, the Organisation for Economic Cooperation and Development (OECD) stated in its Economic Outlook report, released on Wednesday. The report notes that the GDP in Greece is projected to...