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Greece economy

Greece Exports Hit Record High, but Jump in Imports Signals Warning

Greece exported a record 20.5 billion euros ($20.6 billion) worth of goods in the first five months of the year. However, a rise in imports and a decline in domestic consumer spending dampened the good news. From January through May,...

Unemployment in Greece Falls to 11-Year Low in December 2021

Greece's unemployment rate fell to 12.8% in December 2021, marking a significant decline over December 2020's 13.4% and November 2020's 15.5%, according to official figures released by the Hellenic Statistical Authority (ELSTAT) on Wednesday. During 2021, Greece experienced wild swings...

Foreign Investments in Greece Soar by 77% in 2020, Report Finds

Direct foreign investments in Greece rose by 77 percent in 2020, a report by multinational accounting firm Ernst & Young Greece revealed.

Bank of Greece Insists on 4.2% Economic Growth for 2021

The Bank of Greece (BoG) said on Monday that economic growth will reach 4.2 percent this year, as it had also forecast in its previous report

S&P Upgrades Greece’s Rating and Outlook

S&P Global Ratings, the American credit rating agency, upgraded Greece’s sovereign credit rating by one notch on Friday, to "BB" from "BB-".

Greece Issues 30-Year Bond Confirming Full Return to Markets

Greece announced it will issue a 30-year bond, the longest-maturity sale since 2008, completing the country’s full return to debt markets.

More International Scrutiny for Greece

As eurozone finance ministers prepare to meet on Friday, Greece is expecting international creditors to inspect the country more often after its bailout ends in August. In comments to the U.K.'s Financial Times on Thursday, Greek Finance Minister Euclid Tsakalotos...

Trendy Ancient Greek Sandals Elude the Economic Crisis in Greece

There are many readily evident examples of the economic crisis that has gripped Greece over the past several years. Businesses have closed, shops remain empty and not many new businesses have managed to flourish given the banking situation making it...

Greek Government Agrees to Hold Discussions with IMF Over Pension Reform

  Tsipras’ Syriza-led government has done more somersaults since it came to power than an acrobatic gymnastics team in Olympic competition. Take for example its stance on the IMF and the so-called Troika in general. First, Tsipras and his lieutenants promised...

Finance Μinistry, Greek Banks Say they're Positive About Results of Recapitalization

Greece ’s finance ministry and the country’s main lenders expressed on Sunday their optimism about the outcome of the third bank recapitalization, following the announcement of the results of European Central Bank’s stress tests on Saturday. Banks are now...