IOBE

Only days after Greek Prime Minister Antonis Samaras said that for the first time since austerity measures were imposed three years ago that more people were being hired than fired, the country’s statistics agency ELSTAT said unemployment hit another...

According to Enet, Greece has hit deflation for the first time since 1968 as the country's crushing economic crisis and harsh austerity measures keep pushing down prices and consumer spending. Consumer prices fell 0.2% year-on-year in March, the first month...

As Prime Minister Antonis Samaras said the country's economy could begin to rebound within a year, there are signs it's getting worse for now. The leading think tank the Foundation for Economic and Industrial Research (IOBE,) which produced Finance Minister...

The Greek parliament approved legislation to boost private investment, a key condition to get the crisis-struck country out of its worst-ever peacetime recession. The new investment incentive law aims to cut red tape by making a broader range of projects...

Greece's record 27 unemployment rate - which some analysts said could soon hit 30 percent - could even undermine the government if social unrest increases because 60 percent of the jobless have been out of work for more than...

As the Greek government is frantically trying to create more jobs to reverse an unemployment rate of 26 percent, numbers from the Greek statistics agency ELSTAT show a more troubling problem: more than six out of every 10 jobless...

Greece's unemployment rate climbed to 26 percent in the last quarter of 2012 from 24.8 percent in the previous three-month period, showing the depth of a continuing recession and how difficult the government's job will be to bring...

Greek Finance Minister Yannis Stournaras says the government intends to develop a 10-year growth plan, although for now he's focused on a pending Supreme Court decision on whether a lower court decision to ban an emergency property tax from...

As the government of Prime Minister Antonis Samaras has put a $17.45 billion spending cut and tax hike plan before Parliament for a vote on Nov. 7, ship owners are fighting to keep their tax-free status and statistics show...

Greece΄s economy contracted 6.2 percent in the second quarter as belt-tightening to slash deficits continued to take a toll, hampering efforts to meet targets set by the country΄s international lenders for continued bailout funding. Currently in its fifth consecutive year,...