Economy

In December Greece saw its annual EU-harmonized inflation rate become positive, according to the latest figures by ELSTAT, the countries statistic agency. Figures released on Wednesday show that Consumer prices rose in goods such as alcoholic beverages, tobacco, housing, hotels...

On Thursday the Finance Ministry released figures explaining the current standing with the primary budget surplus. According to their publishing, the first 11 months of 2016 saw a primary budget surplus climb to 7.416 billion euro. The climb of the...

"2017 will be a year of political, economic and social uncertainty because nobody knows what will evolve from the elections in the EU countries. However, I am optimistic for Europe and for Greece, Italy and Spain because a large...

"Our aim is to heal the wounds that unemployment and poverty opened to the society and to set the economy on a course of fair growth," said Alternate Labor Minister Rania Antonopoulou in her article in the Sunday edition...

The European Central Bank (ECB) forecasts that Greece will achieve a growth rate of 0.1 percent of GDP in 2016, in the Eurosystem staff macroeconomic projections for the euro area countries posted on its website on Thursday. Growth rates in...

In December and November banks are expected to see some 2 billion euros in deposits, according to credit sector officials. This news comes in addition to the increase of deposits in banks for 2016 thus far amounting in 500...

The government's goal was to conclude the second review by the end of January and then join the European Central Bank's quantitative easing program in March, Prime Minister Alexis Tsipras repeated in an impromptu talks with the journalists covering...

The draft bill tabled in Parliament last week will usher in a new way for tax-payers to "build up" their tax-free allowance as of January 1, 2017, exclusively through the use of debit and credit cards. Only transactions and...

Bank of Greece's Yannis Stournaras has issued a stern warning to banks over non-performing loan (NPLs) exposures. On Monday a published interview with the Financial Times quotes Stournaras issuing a warning to banks who are unsuccessful at lowering their NPLs saying...

On Friday the Bank of Greece's (BoG) governor, Yiannis Stournaras, made an intervention on the government's negotiation with the country's lenders within the context of the second review of the Greek program. On the occasion of the presentation of BoG's...