Greek Economy

On Monday, the Greek Finance Ministry announced new modifications to the capital controls that have been imposed in Greece since June 28, 2015. While the bulk of the announcement, published on the four month mark of capital controls in Greece, includes directives...

Finance Minister Euclid Tsakalotos told the Financial Times that he is optimistic Greece's economy will return to growth in 2016. "I don't see any reason why we can't return to growth," Tsakalotos said, adding that the newly elected Greek government...

Greek Prime Minister Alexis Tsipras addressed the United Nations General Assembly in New York on Sunday afternoon in the context of the UN's Post-2015 Development Agenda. In his first United Nations General Assembly appearance, the recently reelected Greek prime minister, questioned...

The Greek economy is expected to contract by less than 2.0 pct, maybe even 1.5 pct, Economy Minister George Stathakis said in a radio interview on Friday. Stathakis noted, however: “I dare not give the exact number, but we hinted...

The third Greek bailout is in effect and Greek islands are about to feel the implications. Beginning October 1st, Greek islands will begin losing the value added tax privileges that they have enjoyed for years. Among the bailout's prescribed measures are the...

Newly appointed Greek Alternate Finance Minister Tryfon Alexiadis on Wednesday announced planned changes to the 100-installment payment schemes for overdue taxes but reassured listeners that no "tax hurricane" was imminent. "There is no chance that we will create problems and...

A new study conducted by the former Greek Economy, Shipping and Tourism Ministry  shows the far-reaching effects of the refugee crisis on the Greek islands, particularly the East Aegean Greek islands. The report notes that according to the United Nations Refugee Agency there has been a...

Greeks could soon be part of globally renowned amusement park and resort, Disneyland Paris. Disneyland Paris representatives will be coming to Athens on November 3rd and 4th to recruit people for various employment positions. Various departments are looking for staff and available...

Economy Nobel prize winner Joseph Stiglitz criticized once again the austerity policies imposed on Greece by Germany and the Eurozone, saying that "Germany is responsible for the chaos." In an interview with the German newspaper Tagesspiegel, Stiglitz estimated that Greece's...

The Greek state budget showed a primary surplus of 3.06 billion euros in the January through August period, from 2.3 billion in the same period last year, the Bank of Greece said on Monday. The central bank, in a report...