Greek Economy

One hundred years ago today, Turkish forces entered the city of Smyrna (now Izmir), ending the Greco-Turkish War of 1919-22. Michel Cotakis reflects on the legacy of the events of September 1922 for Turkey, Greece and the rest of the…

Offers from investment banks to act as advisers to the HFSF in the sale of bank shares will be made within days. Before the end of the year, the call for tenders to define the divestment strategy will be completed.The countdown to the…

Photo © GTP Greece relies on maritime tourism to create added value for the Greek tourism product, growth opportunities and new jobs for local communities, said Secretary General for Tourism Policy and Development Olympia…

On Friday, Prime Minister Kyriakos Mitsotakis visited the Elefsis shipyards. The!-->…

Russia exported more oil this month than in any August on record, according to the Institute of International Finance. The IIF said the capacity of tankers…

ATHENS – Electricity bills in Greece have nearly doubled as they soar across the European Union following the Russian invasion of Ukraine and natural gas prices this winter could be 600% higher high, leaving the Greeks the prospect…

What are cookies As is common practice with almost all professional websites, https://cyprus-mail.com (our "To place”) uses cookies, which are tiny files downloaded to your device, to improve your experience. This document describes what…

President Sheikh Mohamed has arrived in Athens for an official visit to Greece.Upon his arrival at the presidential palace, Sheikh Mohamed was received by Greek President Katerina Sakellaropoulou.An official reception ceremony was held at…

What prompted Israel and Turkey to mend their ties? The August 17 announcement that Israel and Turkey will normalize diplomatic relations and exchange ambassadors comes shortly after Turkey improved relations with Saudi Arabia and the…

"We cannot ignore Turkey's trajectory under Erdogan... This week's latest military activity in Syria is further proof that Erdogan…

A few days before Prime Minister Kyriakos Mitsotakis' opening speech at the Thessaloniki International Fair and the presentation of an amending budget, the Ministry of Finance is increasingly convinced that economic growth in 2022 will…

The largest increase in revenue in June 2022 compared to June 2021 was recorded by companies in the Accommodation and food service activities section, by 141.4%.The turnover of Greek companies increased by €31.4 billion or by 39.3% in…

ATHENS — Tax revenue from January to July 2022 was well above target, according to provisional state budget execution data announced by the Ministry of Finance on Tuesday. Specifically, the target was exceeded by 5.1 billion euros,…

Carla Subirana Artús is an economist who has worked as policy analyst for the Bank of England and Europe research analyst for Economist Intelligence. If the euro zone were a school, Portugal, Italy, Greece and…

The Greek unemployment rate fell to 12.1% of the working population in June, from 12.5% ​​in May and 15% in June 2021, the Hellenic Statistical Authority announced on Wednesday. Specifically, the statistics department said the number of…

The European Commission is to end its scrutiny of Greece's economy, marking the end of a debt crisis triggered by the global financial turmoil of 2008 that nearly pushed the country out of the eurozone.In a letter to Greece's Finance…

Greece expected to welcome 1 million travelers a week, tourism minister says Vassilis Kikilias in a recent interview with ANA-MPA, highlighting the importance of industry as a key driver of the Greek economy, especially in view of the…

Tensions in Greek-Turkish relations remain high, creating an atmosphere that justifies anything but complacency. Turkey again reacted negatively to another major Western power expressing its support for Greece. This time, Ankara is…

ANKARA, Aug 4 (UrduPoint / Pakistan Point News - Aug 4, 2022): The Greek National Intelligence Service (EYP) has confessed to bugging a journalist working for CNN Greece, local media reported on Thursday. Quoting Reuters, I Avgi, a…

EEarlier this month, Elon Musk flew to Mykonos, shelling out €7,000 to enjoy the pleasures of a golden speedboat for a few hours. In nearby Paros, Roger Federer bathed in the rays with his family away from the tennis court while Magic…

07/29/2022 - Press releases Today the Bank of Greece published the latest issue of its Economic Bulletin (No. 55 / July 2022).…

KUWAIT: The Clean Fuels Project is one of the largest and most important projects in the history of the Kuwaiti petroleum sector, as it will position Kuwait among the leading exporters of high quality and environmentally friendly…

Before the tiny Greek island of Tilos became a big name in recycling, tavern owner Aristoteles Chatzifountas knew that every time he threw his restaurant's rubbish into a municipal bin down the street, it would end up in the local…

Greece has taken action against the throwaway culture, such as forcing stores to charge customers for single-use plastic bags.Still, "we're quite behind when it comes to recycling and reuse here," said Dimitrios Komilis, a professor of…

By Tyler Rossi for CoinWeek ….. In 1204, Constantinople was fired during the Fourth Crusade. Less than six months later, Enrico Dandolothe Doge of Venice; bonifacethe marquis of Montferrat; BaudouinCount of Flanders; and Louis ICount…

The 2022 version of the United Nations World Population Prospects was released in the second week of July. He said the world's population will cross the eight billion mark on November 15 this year. And India will overtake China next year…

The invitation to northern Europeans to spend the winter in the heat of Greece started almost as wishful thinking, but turns into a Greek-German initiative which is extended to other countries such as the Netherlands. The campaign to…

Alexandros Giotopoulos, leader of the former terror group sentenced to 78 years, returned to Korydallos prison after a 3-day furlough, his first in 20 years. Kathimerini newspaper According to the outlet, Athens Mayor Kostas Bakoyannis,…

ATHENS — On Twitter, Greek Prime Minister Kyriakos Mitsotakis said a student killed by a rocket that the November 17 terrorist group fired at then-Economy Minister Yiannis Paleokrassas should not be forgotten. July 14, 19992. It…

By Ilias Karagiannis. The leader of the Cypriot Democratic Rally (Disy) party and presidential candidate, Averof Neophytou, expressed his warm thanks to Greek Cypriots in Australia in an exclusive interview with The Greek Herald.…

ATHENS (Reuters) - Holiday group TUI expects Greece to see the highest level of demand this year, its communications director Aage Duenhaupt told the Athens News Agency on Sunday. Tourism accounts for around 20% of…

Avenue Kymis. The consortium of construction companies Terna, Aktor and Intrakat came up with the best!-->…

With a high political profile located on the left wing of the ruling coalition, economist Silvina Batakis, 53, has emerged as the consensus figure to lead the Economy Ministry amid a governability crisis with inflation out of control.…

The easing of the impact of inflation will leave more ground for the poorest. Positive pro-poor policies are needed. Still scarred - flashback to a May Day protest in Athens in 2010 against the impact of austerity on the poor (Joanna, CC…

On July 3, Russian Defense Minister Sergei Shoigu reported to President Vladimir Putin that the Russian military had “liberated” the entire territory of Ukraine's eastern Luhansk region. Shoigu said Russian forces and Moscow-backed…

Greek manufacturing activity slowed further in June as rising inflation hit customer spending, causing a drop in output and new orders, according to a survey released on Friday.S&P Global's Purchasing Managers' Index (PMI) for the…

Fiskardo, municipality of Sami, Kefalonia. Image source: sami.gov.gr The Greek Ministry of Tourism announced on Tuesday that the villages of Fiskardo (municipality of Sami), Perdika (municipality of Igoumenitsa) and Arnaia (municipality of…

Sixty angel investors from around the world met the founders and staff of 20 Greek startups, policymakers and business leaders at the first-of-its-kind event held in Athens on Thursday and Friday. The Hellenic International Business Angels…

Sheikh Abdallah ben Zayed, Minister of Foreign Affairs and International Cooperation, received Nikos Dendias, Greek Minister of Foreign Affairs.During a business dinner in Abu Dhabi, the ministers discussed possibilities of enhancing…

Egypt and Greece on Tuesday signed an agreement to link the two countries!-->…

Greek Tourism Minister Vassilis Kikilias said he was pleased with data from the Bank of Greece showing an 884% increase in tourist arrivals and a 1,000% increase in revenue in April compared to the same month a year ago. Addressing the…

Scorched by forest fires last year, northern Evia serves well for exercises in populism. Thursday's visit to the region by SYRIZA's main opposition leader, Alexis Tsipras, did not reassure people there, as he merely spoke of the…

Athens is a complicated city. For one thing, it's densely built up, with very little green space and the highest car ownership rate in Europe. On the other, however, it is a city that has been through multiple crises and is going…

Placeholder while loading article actionsIn July 2008, as the global financial crisis ravaged the global economy, then US Treasury Secretary Henry Paulson asked lawmakers for the power to extend unlimited credit to mortgage agencies in his…

Following President Recep Tayyip Erdogan's lead, Turkish media has promoted a narrative of grievance against Greece, especially since Prime Minister Kyriakos Mitsotakis' successful visit to the United States last month. Erdogan was…

Editor's note: This article by FPRI scholar Mitchell Orenstein is the product of a workshop on "The World Order After Russia's Invasion of Ukraine," hosted by the University's…

LONDON — Greece's economy is expected to grow 2.8% this year and 2.5% in 2023, the Organization for Economic Co-operation and Development (OECD) said in its economic outlook report released on Wednesday. The Paris-based…

Cyprus has accused Turkey of seeking full control over the separatist north of the island and will lodge a formal complaint with the United Nations, President Nicos Anastasiades told state broadcaster CyBC.Anastasiades, a Greek Cypriot,…

Tehran, Iran - Iran's Supreme Leader Ayatollah Ali Khamenei acknowledged on Saturday that Iran took oil from two Greek tankers last month in helicopter raids in the Persian Gulf. The confiscations were in retaliation for Greece's role…

"Greece will have a primary deficit this year, as spending will again exceed!-->…

In recent days, President Recep Tayyip Erdoğan has taken several steps in three areas that have caught the attention of foreign governments. First, he vetoed the admission of Sweden and Finland to NATO, citing their…

Food prices in Greece – already high due to a 24% value added tax (VAT) – have jumped so high that supermarkets are bracing for a drop in sales. Even staples, such as coffee, milk and bread, are feeling the pinch, Kathimerini…

In the space of two weeks, Turkish President Recep Tayyip Erdogan has caused a stir by throwing a wrench in Sweden and Finland's historic bid to join NATO, hitting out at member Greece of the alliance, and announcing plans for a new…

ATHENS – The United States has a strong and historic relationship with Greece because it is trusted to act reliably, US Ambassador George Tsunis said on Tuesday during the first press briefing after his meeting with the Foreign…

The Dodecanese Islands are renowned for their abundance of local products such as wine, honey, meat and cheese which have established a vibrant economy on the islands. Apart from its gastronomic aspects, the scenic Dodecanese…

Prime Minister Kyriakos Mitsotakis speaks during a reception hosted by US President Joe Biden and First Lady!-->…

ATHENS – The European Commission has revised its forecast for the Greek economy downwards, envisaging GDP growth of 3.5% in 2022 and 3.1% in 2023 (compared to 4.9% and 3.5% respectively in its February winter forecast). In a report…

Bars, restaurants and resorts in Greece are looking forward to what they hope will be a busy summer, with COVID-19 travel restrictions set to be eased in late May.Many in the tourism sector expect an increase in arrivals - but some say…

When Russian academic Mishaa decided in March to flee his country amid rumors of martial law, his options were limited and costly. Cut off from Europe due to the European Union's ban on Russian planes, Mishaa, who comes from the central…

Much has been said and written about Russia's proverbial "gas weapon". The argument is that heavy reliance on Russian natural gas makes countries in Eastern and Southeastern Europe think twice before considering taking action against…

Many tech startups focused on the maritime industry are gearing up for an appearance at Posidonia, June 6-10 at the Metropolitan Expo near Athens airport. The ever-growing list of tech startups exhibiting at this summer's event includes…

Investor interest in the Athens ring road concession contract, Attiki Odos, exceeded expectations with a total of eight bids submitted on Thursday, confirming estimates by state officials who had spoken of a strong presence of foreign…

ATHENS – Greek-German economic ties have strengthened over the past two years despite the challenges and unrest caused by the pandemic in 2020, with economic relations increasing in 2021, gradually returning to normality, according…

When Kristina Hugor was working on her Ph.D. at Cornell, she didn't just do science for science's sake. "I care very deeply about the environment and climate change, and I wanted to find a way to focus my career and my life on…

Credit: Wikimedia Commons / Petar Milosevic The Russian ruble not only recovered to pre-war levels in Ukraine, but also hit a two-year high against the US dollar on Friday, April 29. The currency has gained ground and is now among the best…

The Greek labor market is seeing a simultaneous rise in the employment rate and!-->…

Content of the article A new 'photovoice' multimedia exhibition on the plight of South Asian migrant men living and working in Greece has opened in the Art and Media Lab of the Isabel Bader Center for the Performing Arts. Content of the…

Caryatids supporting the Erechtheion in Athens, atop the Acropolis. Credit: Harrietta171, CC3/Wikipedia The Greek economy got a vote of confidence on Friday from S&P Global Ratings which raised its debt rating to BB+. "The upgrade…

MARKET ENVELOPES Shares: European equities were mixed, dominated by stocks of travel, leisure and construction companies. France's CAC 40 rose after a pre-election debate in which…

As Mariupol's defense was on the verge of crumbling, Ukrainian President Volodymyr Zelenskiy vowed that his forces would put up determined resistance to the planned large-scale Russian offensive in the east of the country. “We will not…

On April 17, Pakistanis from PTI Greece will gather in Kotzia Square and then head to Omonia to protest the overthrow of Pakistani Prime Minister Imran Khan. According to one social media user quoted by Directus, "only if the American…

The short-term property rental market in Greece is expected to see its turnover exceed 1.4 billion euros this year, surpassing the figures reached in 2019 in another sign of market recovery from the pandemic. According to a presentation…

File photo. The repercussions of the international crisis on the energy market,!-->…

Photo courtesy of maatram It is clear that some positive changes are taking place in Sri Lanka. I am not talking about the difficulties that the country and the people are facing. We all know that no solution has yet been presented or…

ATHENS — European Commission Executive Vice-President Valdis Dobrovskis, at a joint press conference with Finance Minister Christos Staikouras on Friday, signaled that Greece could emerge from an enhanced surveillance regime in…

The Greek government has held meetings with US officials on energy security issues amid the Russia-Ukraine crisis which has seen threats of fuel shortages and rising prices. On Wednesday, Greek Deputy Foreign Minister for Economic…

Greek Finance Minister Christos Staikouras announced on Monday that Greece has completed repayment of its debt to the International Monetary Fund (IMF). "A chapter that opened in May 2010, with Greece's recourse to the Fund for financial…

ATHENS — Seeing Turkey emerging as a supplier of drones to warring nations that can even kill tanks from the sky — and with tensions still tense between them, Greece hopes to have its first drones operating by 2024. The design of…

BERLIN — Germany began preparing for possible natural gas shortages on Wednesday, as the country's economy minister expressed growing concern that Russia could cut off deliveries to unless payments on existing contracts are made in…

LAHORE: Intuitively, the link between literature and economics is not expressly apparent. Following an analysis of the two disciplines, my assertion is that these two fields are inextricably linked. Literature serves as a reflection…

Fears of a further worsening of relations between Russia and the West also sent!-->…

ATHENS – Finance Minister Christos Staikouras, in his speech at the “Banking Summit: Paving the Way for Growth” conference on Tuesday, voiced his opinion that the Ukrainian crisis will not derail the Greek economy. According to…

The war in Ukraine hit Greek fruit and vegetable exports, with Russia being an important pre-war export market and Ukraine an important transit point. But Belarus' sanctions and countermeasures when that country was hit by the EU for…

The Greek Institute for Tourism Research and Forecasting (ITEP) has announced its new board of directors following its general meeting which took place on March 15. Konstantina Svinou was re-elected president of the institute. An…

Greece's Christos Staikouras (left), Spain's Nadia Calvino (centre) and Luxembourg's Yuriko Backes (right)!-->…

CAIRO: A few months ago, Choucri Asmar decided he was not ready to give up hope. He therefore led a group of residents in "a peaceful demonstration to protect the trees" in his neighborhood of Cairo. Egyptian authorities planned…

Australians are hard workers. From factory floors to hospital wards and office towers, workers are settling in. They go to work so they can take care of themselves and their families. In return for their hard work, Australians expect fair…

The Greek people, as polls collected by the Alpha TV channel show, have spoken on several issues, including the government's decision to send arms to Ukraine. More precisely, 62% see that things will become difficult for Greece for sending…

Finance Minister Christos Staikouras told the Athens-Macedonian News Agency (AMNA) that the Greek government is "already doing and will continue to do its best to reduce the negative consequences of high prices". The consequences of the…

A fishmonger was selling his wares at the Varvakeios food market in Athens yesterday. Inflation spurred by rising energy costs is…

Greece will set a cap on gross profit margins on fuel, food and other consumer!-->…

A set of pipes at a gas storage and transit point in Boyarka, just outside Kiev, in a file photo. As war rages in Ukraine, damage…

Russian President Vladimir Putin shaking hands with his Turkish counterpart, Recep Tayyip Erdogan. Credit: Kremlin/Wikimedia Commons CC BY 4.0 President Vladimir Putin is now showing the world the dark signs of Russian revisionism by…

The local tourist industry is trying to map the possible consequences of the Russian invasion of Ukraine on the sector in Greece. “It is too early to make any firm statements today about the consequences for tourism. Everything will be…

It is in these darkest hours, in these darkest times, that our thoughts are with Ukraine and the Ukrainian people as they face this unprovoked attack and fear for their lives. We will do whatever we…

Greek and Turkish officials met in Athens on Monday where they held a meeting as part of a dialogue on the Positive Agenda in the fields of economy and trade. Specifically, Greek Deputy Foreign Minister for Economic Diplomacy and Openness,…

ATHENS – US Deputy Assistant Secretary of State Erika Olson, who oversees policy for Southern Europe and the Caucasus, gave an interview to the Athens-Macedonian News Agency (ANA-MPA) during her visit in Athens and Thessaloniki…

Farmer Dimitris Kakalis, 25, fills a water tank in the central Greek town of Tyrnavos on Sunday February 13. Economists, farmers…

The Tesla founder has donated nearly $6 billion in Tesla stock to charity. 1 credit Tesla CEO Elon Musk recently donated $5.7 billion in the electric vehicle company's stock to charity. Tesla's donation of 5,044,000 shares was disclosed…

ATHENS — Failing to meet plastic packaging recycling standards set by the European Union will cost Greece 127 million euros ($143.53 million) in fines for its poor performance. The EU has said sanctions must push its 27 member…