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Trade

Greece and UAE Set Up $4.2 Billion Investment Initiative

Greece and the United Arab Emirates (UAE) have agreed to create a €4 billion ($4.22bn) initiative to invest in the Greek economy during a visit by Greek premier Kyriakos Mitsotakis to Abu Dhabi on Monday. Investments will be made in...

US to Revoke Russia’s Most Favored Nation Trade Status

President Joe Biden will announce on Friday that the US will revoke the coveted most favored nation trade status for Russia over its invasion of Ukraine. The decision will echo today's moves by the European Union and the Group...

Greek Toy Manufacturers Urge Support To Unlock Exports Potential

In a market dominated by international franchises and illegal knock-offs, the Greek toy manufacturing industry has stood its ground and continued its long-standing flourishment, providing consistent quality and creative originality to millions of customers in Greece and abroad. Robust over...

How Onassis Got Rich When the Suez Canal Was Blocked in the ’50s

The Suez Canal remains blocked by the container ship Ever Given, but it's not the first time a crisis has occurred at the waterway.

Zaros: The Cretan Village that Became World Famous for its Water

The beautiful village of Zaros on the Greek island of Crete, sits at the foot of Psiloritis Mountain at an altitude of about 400 meters.

PM Mitsotakis Says Greek Exports "Resilient" at Wednesday's Panhellenic Exporters Conference

Greek Prime Minster Kyriakos Mitsotakis was upbeat in his remarks to the Panhellenic Exporters Association on Wednesday, saying that the positive Greek export numbers for 2020 amounted to a "small feat." Addressing the businesspeople and financial figures who are taking...

EU Says Greek Economy to Contract Nine Percent in 2020, Rebound in 2021

A new European Commission report released on Thursday stated that it expects the Greek economy to contract by 9.0 percent this year, but rebound, growing by 5.0 percent in 2021,  due to the economic upheaval caused by the coronavirus...

Greek Firm May Lose Contract to Supply F-16 Aircraft Parts to Lockheed Martin

In a disturbing turn, it is reported that Greece's Hellenic Aerospace Industry (EAB) may have to forfeit its agreement to replace parts in its own aging fleet of F-16 jets due to management and staffing issues within the company. The...

EU Posts Large Trade Surplus as Imports Drop in 2020

The Eurozone's trade surplus posted record numbers in June, swelling to 21.2 billion euros ($25 million) as the bloc experienced a corresponding record decline in the importation of goods due to the Covid-19 pandemic, according to a recent report...

World’s Largest Shipping Conglomerate Reports Robust Business in 2020

The CEO of the world's largest shipping company, Moeller-Maersk A/S, spoke to reporters at a press conference on Wednesday at the company's headquarters on the Esplanade in Copenhagen, Denmark. The shipping and logistics company published its second quarter figures today,...