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Economy

ATHENS – Greece recorded a huge improvement in the business environment rankings of The Economist Intelligence Unit (EIU) among 82 countries worldwide.

ATHENS -  Environmental groups have called on the European Bank for Reconstruction and Development (EBRD) to withdraw a planned loan for a Greece-North Macedonia gas pipeline, arguing that it will lead to increased pollution.

ATHENS -  Environmental groups have called on the European Bank for Reconstruction and Development (EBRD) to withdraw a planned loan for a Greece-North Macedonia gas pipeline, arguing that it will lead to increased pollution.

ATHENS - Greek banks are once again making significant profits, but many small and medium-sized businesses are struggling to obtain loans during the economic recovery due to stringent borrowing measures.

ATHENS - Greek banks are once again making significant profits, but many small and medium-sized businesses are struggling to obtain loans during the economic recovery due to stringent borrowing measures.

ATHENS - Yioula Glassworks, the last of its kind in Greece - and sold seven years ago to the Portuguese conglomerate BA Glass Group - is shutting down, unable to be saved after the buyer took on loans of €335 million ($362.

ATHENS - Yioula Glassworks, the last of its kind in Greece - and sold seven years ago to the Portuguese conglomerate BA Glass Group - is shutting down, unable to be saved after the buyer took on loans of €335 million ($362.

LATEST

Chinese Electric Car Maker Launches Best-Selling Models in Greece

ATHENS - In a bid to expand its presence in Europe, China’s leading electric car maker BYD will begin selling its top-selling Atto 3 and Seal models in Greece, which offers subsidies to transition away from internal combustion vehicles.

ATHENS - In a bid to expand its presence in Europe, China’s leading electric car maker BYD will begin selling its top-selling Atto 3 and Seal models in Greece, which offers subsidies to transition away from internal combustion vehicles.

Greek Finance Minister Didn’t Expect Moody’s Investment Status Upgrade

ATHENS - Greek Finance Minister Kostis Hatzidakis said he wasn’t surprised when Moody’s, arguably the most influential of ratings agencies, didn’t go along with others who raised Greece’s credit rating to investment status after years of being in junk mode.

ATHENS - Greek Finance Minister Kostis Hatzidakis said he wasn’t surprised when Moody’s, arguably the most influential of ratings agencies, didn’t go along with others who raised Greece’s credit rating to investment status after years of being in junk mode.

Greece Raising Thresholds for Golden Visas, Highest 800,000 Euros

ATHENS – Foreign investors wanting Greece 5-year residency permits and passports will have to fork over a lot more money as of March 31, and face restrictions in the use of properties they buy.

ATHENS – Foreign investors wanting Greece 5-year residency permits and passports will have to fork over a lot more money as of March 31, and face restrictions in the use of properties they buy.

Greece’s Economic Crisis Catalyst for 11.3% Decline of Home Ownership

ATHENS - Greece’s 2010-18 economic and austerity crisis that targeted workers, pensioners and the poor also propelled a further plummeting of home ownership that was among Europe’s highest, with home prices now out of reach for many.

ATHENS - Greece’s 2010-18 economic and austerity crisis that targeted workers, pensioners and the poor also propelled a further plummeting of home ownership that was among Europe’s highest, with home prices now out of reach for many.
ATHENS - Greek banks that needed 50 billion euros ($54.

Bank of Greece Sets 2025 Mortgage Limits to Hold Down Lending

ATHENS - In an attempt to hold down undue lending, The Bank of Greece is putting a ceiling on how much can be given for mortgage although - despite record lows in interest rates - Greeks are shying away from buying homes.

ATHENS - In an attempt to hold down undue lending, The Bank of Greece is putting a ceiling on how much can be given for mortgage although - despite record lows in interest rates - Greeks are shying away from buying homes.

Greece Tops List of Countries With Fastest Business Environment Progress

Greece’s remarkable comeback - which hasn’t helped everyone - got a boost with the Economist Intelligence Unit (EIU) ranking the country first in a list of 10 countries with the quickest turnaround in improving their business environment.

Greece’s remarkable comeback - which hasn’t helped everyone - got a boost with the Economist Intelligence Unit (EIU) ranking the country first in a list of 10 countries with the quickest turnaround in improving their business environment.
VIDEO,

Piraeus Bank Sees Dividend Payment for First Times Since 2008, Christos Megalou Says to Bloomberg (Vid)

ATHENS - Piraeus Bank Chief Executive Officer Christos Megalou shares his views on growth outlook, dividend payments and Greece's economic recovery.

ATHENS - Piraeus Bank Chief Executive Officer Christos Megalou shares his views on growth outlook, dividend payments and Greece's economic recovery.

Artificial Intelligence Now Seen Key Player for Greece’s Shipping Sector

ATHENS - With Artificial Intelligence (AI) seemingly poised to take over jobs and influence numerous industries, it is also seen as playing a significant role in Greece's world-leading shipping sector and the oligarchs who manage it.

ATHENS - With Artificial Intelligence (AI) seemingly poised to take over jobs and influence numerous industries, it is also seen as playing a significant role in Greece's world-leading shipping sector and the oligarchs who manage it.

Low-Paid Greeks Finally Got Raises in 2023, Construction Workers Lead Way

ATHENS - Among the lowest-paid workers in the European Union and European Economic Area (EEA), with an average income of €24,371.

ATHENS - Among the lowest-paid workers in the European Union and European Economic Area (EEA), with an average income of €24,371.

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