The Central Bank of Cyprus has determined the maximum interest rate for lending in the country to be 11.42%, exercising its powers under the Cyprus Penal Code.
ECONOMY
The labor market is picking up the pace, with hirings outweighing layoffs.
The downsizing of hotels and tourism enterprises has taken a toll on the quality of services rendered.
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.
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