The downsizing of hotels and tourism enterprises has taken a toll on the quality of services rendered.
ECONOMY
Nanotechnology, robotic technology, tire pyrolysis: Some of the sectors where projects worth millions are being launched in Greece.
Greek companies are giving positive feedback to the tech visa, a new national entry visa valid for one year.
The government plans an early repayment of up to €5 billion of bailout loans to eurozone countries this year, two government officials told Reuters on Tuesday.
With investments in Greece on the rise, Michael Arghyrou, the head of the Council of Economic Advisors for Greece’s Finance Ministry, joins Thanos Davelis to look at how these investments are transforming Greece’s economy, and to bust some of the myths around investments in Greece.
A dramatic demographic deterioration was one of the many factors that contributed to the fall of Constantinople in 1453 and the collapse of the centuries-old Byzantine Empire.
Travel receipts posted a remarkable 24.5% increase year-on-year in Greece in January and February, Bank of Greece data showed on Friday, helping moderate the country’s current account deficit.
On what criteria is Greece’s European strategy based? The question arises from our country’s completely paradoxical attitude on two major issues: first, the single market, and second, the debate on the joint defense bonds.
Since emerging from its international bailouts and a decade-long economic crisis, the Greek economy is now surging. Despite the positive outlook, many Greeks are still struggling from the crisis.
Storm clouds are gathering over the Greek economy, at a time when, apart from the domestic challenges, the strengthening of external geopolitical tensions is creating a new scenario of uncertainty.
Credit ratings agency S&P on Friday revised its outlook on Greece to “positive” from “stable,” saying the tight fiscal regime will continue to spur a reduction in the government debt ratio.
The key word for Greece and Europe is competitiveness, said National Economy and Finance Minister Kostis Hatzidakis in interviews with the Bloomberg and CNBC television networks.
Travel receipts posted a remarkable 24.5% increase year-on-year in Greece in January and February.
A decade ago, Greece was in the throes of a devastating debt crisis marked by years of austerity, hardship and unrest. Now, officials and investors say 2024 could be the year its rebound is finally complete.
The International Monetary Fund forecasts a primary surplus of 2.1% of GDP for Greece this year and a decrease in public debt by 10 percentage points to 158.8% of GDP in its report on fiscal developments (Fiscal Monitor).
Turkey will take steps to strengthen its medium-term economic program and the three main priorities are to increase public savings, prioritize investments and accelerate structural reforms, President Tayyip Erdogan said.
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