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 - 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 - 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 - 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 – 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 - 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.
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’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.
ATHENS - Piraeus Bank Chief Executive Officer Christos Megalou shares his views on growth outlook, dividend payments and Greece's economic recovery.
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 - Among the lowest-paid workers in the European Union and European Economic Area (EEA), with an average income of €24,371.