Greek Government Offers Handouts as Elections Loom
The Greek government announced on Wednesday new handouts in a new package worth 800 million euros ($855 million) aimed at pensioners, taxpayers and businesses hit by inflation. The package of measures, presented by Finance Minister Christos Staikouras, envisages payment of...
Greece Growth Rate to Drop Dramatically in 2023
Greece unveiled its 2023 budget in Parliament which foresees a significant drop in growth rate that will reach 1.8 percent from the estimated 5.6 percent of the current year. The budget is the first Greece has posted in twelve years...
Greece Raises $3.4 Billion From 10-Year Bond Issue
Greece raised 3.0 billion euros ($3.4 billion) at an interest rate of 1.8 percent from the new 10-year bond issue on Wednesday. Finance Minister Christos Staikouras said the country's first bond issue of the year was a success as it...
Greece’s Economy Soars 16.4% Year-to-Year in Second Quarter
Greece’s economy performed much better than expected in the second quarter of the year, with gross domestic product rising by 3.4 percent against the first three months of 2021 and jumping 16.4 percent from April-June 2020, provisional data published...
Greece Set to Raise $3 Billion from 30-Year Bond Issue
Greece's 30-year bond, issued on Wednesday has attracted great demand, the public debt management agency announced.
Greek Economy “Shows Resilience”; Contraction in 2020 Less than Expected
The Greek economy is in a better shape than it was feared according to official data released by the Hellenic Statistical Authority on Friday.
Greece's Growth Rate to Reach 7.5% in 2021 According to New Projections
Finance Minister Christos Staikouras and Alternate Minister Theodoros Skylakakis on Monday brought a draft for the 2021 state budget before Parliament. The plan envisages a robust economic growth rate of 7.5 percent for the next year, and features a series...
Greek Ministry of Finance Will Pay for Coronavirus Vaccinations
Greek Finance Minister Christos Staikouras stated on Thursday that the country has put funding in place to cover the costs associated with the coronavirus vaccine once it becomes available, potentially at the end of this year. Earlier on Thursday, the...
Greece Extends Unemployment, Other Coronavirus-Related Financial Measures
It was announced that a new financial package addressing the many economic ramifications of the ongoing coronavirus pandemic will be presented to Greece's Minister of Finance, Christos Staikouras, on Tuesday. The details of the package include an extension in unemployment...
New Greek Foreign and Finance Ministers Named as Mitsotakis Appoints Cabinet
Newly elected Prime Minister Kyriakos Mitsotakis announced his cabinet a few hours after he was sworn in by President Prokopis Pavlpoulos. Prominent New Democracy lawmaker Nikos Dendias was given the key role of foreign minister while Christos Staikouras was appointed...