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EU Commission Predicts 2.3% Growth for Greece in 2020

The Greek economy is expected to grow by 1.8 percent this year and 2.3 percent in 2020, the European Commission said in its autumn forecasts released in Brussels on Thursday. The EU's executive body said it expected Greek GDP to...

Officials Hail Greece's Economic Progress During Fourth Annual ExportUSA Forum

US Ambassador to Greece Geoffrey Pyatt said on Monday that he believes it is "pretty clear that Prime Minister Mitsotakis’s government has exceeded expectations in its first 120 days, and has done a tremendous amount of work to advance...

Greeks Pay Same Amount of Taxes and Other Levies As Germans, Study Finds

According to a recent study published by Eurostat, Greeks and Germans pay exactly the same amount of taxes and levies to their national state coffers as a percentage of their nations' Gross Domestic Product. More specifically, 41.5% of Greek and...

Greek State Borrows €625 Million at Interest Rate of Zero

Greece's Public Debt Management Agency (ΟΔΔΗΧ) announced on Wednesday that it pumped €625 million into the economy by selling 26-week Treasury Bills at a 0.000 percent interest rate. The total bids reached €1,802 million and the amount finally accepted by...

Standard And Poor's Upgrades Greece; Expects Growth Higher than Eurozone Average

Rating agency Standard and Poor's upgraded on Friday evening Greece's sovereign credit rating by one notch, from B+ to BB-. The agency noted that the decision of the government in August to lift the remaining capital controls was implemented without...

Greek Budget Revenues Exceed Targets by €287 Million in August

A positive surprise for Greece's public finances came to light on Monday, as according to the latest official data, the country's revenues were €287 million higher than expected in August, despite recently-introduced tax cuts. More specifically, between August 1 and 31,...

Greece Officially Requests Early Repayment of Expensive IMF Loans

Greek Finance Minister Christos Staikouras signed the official letters on Monday in which Greece requests to pay back to the International Monetary Fund (IMF) part of the loans it received during the financial crisis. The letters will be sent to the...

ESM Chief Regling Says Greek Primary Surplus Targets Could Be Reduced

Chief of the European Stability Mechanism (ESM) Klaus Regling indicated on Friday that the European Institutions might consider reducing Greece's primary surplus targets beginning in 2021. Speaking during a press conference just before the crucial Eurogroup meeting coming up in...

Unemployment Drops to 16.9 Percent in Greece, Lowest Point Since 2011

According to a new report that the Greece Statistical Authority ELSTAT announced on Thursday, unemployment in the country fell to 16.9 percent during the second quarter of 2019. More specifically, 13.7 percent of Greek men are currently unemployed, while the...

€7.4 Billion in VAT Revenue Lost in Greece in 2017; €137 Billion Lost EU-Wide

According to the latest data published by the European Commission on Thursday, the nation of Greece lost €7.4 billion in revenues from Value-Added Tax (VAT) that was not collected during 2017. The extent of the practice of tax evasion across...