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EU Predicts Rosy Outlook for Cyprus Economy This Year

The Gross Domestic Product (GDP) of the island nation of Cyprus is expected to grow by 3.3 percent in 2019, the European Commission said on Thursday. The commission predicted this rosy outlook on the basis of new data which...

EU Positive on Greece's Growth But Encourages Reforms

The European Commission on Thursday revised their forecast for Greek economic growth slightly upward in 2019 and 2020, but warned that the nation's economic recovery depends on needed reforms. According to its interim economic forecast, the Greek economy is set to...

Cyprus Construction Saw Huge Boom During 2016

According to the annual report ''Construction and Housing Statistics, 2016'' released on Thursday by the Statistical Service of Cyprus, construction activity registered an increase of 20.7 percent in 2016 compared to an increase of just 0.2 percent recorded in...

Majority of Greeks Believe Nation is Still in Recession

According to a survey conducted by Nielsen in the third quarter of 2018, 72 percent of Greeks still believe that the country's economy is in recession, despite the official figures showing that the economy has been continuously growing since...

OECD Says Greek Economy to Grow by 2.2 Percent in 2019

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...

IMF: Greek Economy To Grow By 2.4 % In 2019

The International Monetary Fund (IMF) released its Regional Economic Outlook for Europe report on Thursday, making a more positive forecast regarding the prospects of the Greek economy than the European Commission in its Autumn Forecast report, released the same...

EU Commission's Autumn Forecast: Greek Economy To Grow By 2 % in 2019

The Greek economy is expected to grow by 2 per cent in the next three years, the European Commission said in its autumn forecast report released on Thursday. The Commission report noted that Greece exited the adjustment program with...

'Electoral Ambiguity Increases Instability', Greece's Federation of Enterprises Says

The Federation of Greece's Enterprises (SEV) published its monthly bulletin for economic activity on Monday. In the report the Federation stresses the lack of a cohesive plan in Greece's recovering economy and points out the consolidation of the ''inadequate'', as...

IMF Upgrades Cyprus' Growth Projection

The International Monetary Fund (IMF) has significantly upgraded its projections on the Cypriot economy’s growth for the years of 2018 and 2019 at the World Economic Outlook published this October, expecting a growth rate of 4.0 percent and 4.2...

IMF Revises Greece's 2019 Growth Rate Upwards

The International Monetary Fund has revised Greece's short-term growth forecasts upward while lowering medium-term forecasts in its October 2018 World Economic Outlook. The report will be published on Tuesday (today) in light of its annual meeting in Bali, Indonesia this...