The Greek government, as noted by the Financial Times, provided 50 billion euros to the country’s four largest banks during its prolonged debt crisis.
The French firm says Portugal, Italy, Ireland, Greece, and Spain are good options for investors due to economic growth and political stability
Moody’s is the last of the major credit rating firms not to have upgraded the Greek economy to 'investment grade', retaining the Ba1 rating - a notch below
The data concerns companies maintaining double-entry bookkeeping, and for which monthly data are available.
The primary difference in talks between Greece and Cyprus over Great Sea Interconnector project appears to be cost-sharing
Moody's is the fifth major credit rating agency to be approached for an investment-grade rating—after DBRS, Fitch, S&P, and Scope have already upgraded Greece.
Conversely, the volume of goods in Greece's ports decreased by an infinitesimal 0.1% in the first quarter 2024 compared with 1Q 2023
In contrast to Athenians, people working in Berlin have an average annual gross salary package ranging between €40-000 and €60,000, with a gross salary between €64-70,000 considered good.
Job vacancies have become a significant challenge for the Greek economy, as they continue to grow, halting the country’s economic growth.
A series of measures to support low-income families, unemployment benefits in Greece, and pensions, announced by Greek PM Kyriakos during his TIF address last week were detailed on Thursday.
The agreement includes further investments and expenditures for upgrades and modernization, totaling 380 million euros over the duration of the concession
Eli Cohen, the Israeli energy minister, said he spoke with his Cypriot counterpart over the proposed project, which aims to link the power grids of Israel, Cyprus and Greece
More specifically, in Greece, last year alone, one in four cigarettes smoked by consumers was trafficked illegally
The US-based multinational finance company, however, stresses that Greek banks remain slightly undervalued compared to the emerging markets and European sectors
While the Greek economy is indeed recording solid figures, its citizens are becoming impoverished, and the situation could worsen over time, as analysts pointed out in an article in the Financial Times (FT) published a few months ago
This means that the maximum expense cap is likely to rise to 15,000 euros from 10,000 euros where it stands now, with a possible increase in the advance payment percentage as well.
Through the issuance of new bonds recently, the banks have significantly improved their capital positions while at the same time reducing the average cost of servicing their obligations.
Both Greek, Cypriot energy ministers merely note that negotiations will continue; Nicosia has tabled reservations over cost-sharing, project's viability
Olive oil, a cooking staple in the country, recorded a whopping price hike of 49.1%
The seasonally adjusted General Industrial Production Index in Greece for July 2024, compared to June 2024, showed an increase of 1.7%