Greek News
Unemployment Rate in U.S Jumps to Highest Level Since WWII (infographic)
The U.S. economy lost more than 20 million jobs in April, in what certainly marks the worst month for the U.S. labor market since the Great Depression....
Turkish Lira in free fall
Turkey’s lira tumbled 1.4% on Wednesday and neared an all-time low hit during a 2018 currency crisis after a regulator clamped down further on foreign access to...
Greece to suffer 9.7% recession in 2020, but record a 7.9% recovery in 2021: EC summer forecast
The European Commission’s 2020 spring forecasts project a 9.7% recession for the Greek economy for 2020, the largest in the whole of the EU. The forecast, however,...
Only 9 flights arrive at Athens International Airport El. Venizelos over long weekend
The number of arrivals from abroad over the Labour Day long weekend at Eleftherios Venizelos airport was in the single-digits, as the details of the gradual opening...
Greek stock market opens with a 2% rise
The Greek market, like European markets, is reacting after yesterday’s upward closing of Wall Street with a 2% rise – as investors there focused on opening up...
Tech Giants Shrug Off COVID-19 Crisis in Q1 (infographic)
As opposed to airlines, hotel chains, restaurants and millions of small businesses that are fighting for survival amid the COVID-19 pandemic, the world’s most prominent tech companies...
Greek olive oil world trying to survive Covid-19 pandemic
Sandwiched between nations struggling with the coronavirus pandemic, Greece is a surprising success story. But with stay-at-home orders in place for a month, exporters of the country’s...
Annual data from Turkey’s top statistics authority show increasingly strained economy
Data published in March 2020 by the Turkish Statistical Institute (TÜIK) revealed an alarming situation regarding the country’s economy. It showed that within a year, the foreign...
Up to 90% cancellations for yacht charters in Greece
The professionals in the commercial charter yachting sector in Greece are seeking ways to mitigate the catastrophic effects of the coronavirus pandemic. Cancellations have reached 90% and...
Turkey digs in for currency battle
The Turkish lira looks like it has been fairly steady in recent days, but behind the scenes a battle is raging to hold it up against the...
FinMin Staikouras details second phase of measures to help in Covid-19 fallout
Greek Finance Minister Christos Staikouras announced a new, targeted package of measures for the repercussions of the Covid-19 pandemic in Greece on Wednesday evening, ahead of the...
IGI Poseidon finalizes tendering procedure for offshore sections of EastMed
IGI Poseidon has finalized tendering procedure for the engineering, procurement, construction, transport, installation and pre-commissioning (EPCI) of the four offshore sections of EastMed natural gas pipeline, with...
U.S. economy shrinks for the first time since 2014 due to Covid-19 (infographic)
After 23 quarters of uninterrupted growth, the U.S. economy contracted for the first time since 2014 in the first three months of 2020. According to preliminary data...
Turkey to run out of net foreign currency reserves this week – TD Securities
Turkey’s central bank will run out of foreign currency reserves, net of liabilities, this week, according to TD Securities. The bank could also exhaust its total foreign...
Investors dump Turkish Lira en-masse
The exchange rate of the Turkish currency earlier broke the psychological low barrier of seven Liras against one US dollar, as international and domestic investors are dumping...
Esty shares soar as people turn to face masks (infographic)
While many companies are struggling to make ends meet amid the COVID-19 pandemic that has brought life to a standstill in many parts of the world, others...
US crude plunges by 14%
US oil prices were falling by 14% today on the opening of the Asian market, as a major investor began shorting futures contracts to buy black gold....
Global economy falls due to Covid-19 (infographic)
GDP figures for the first quarter of 2020 are slowly rolling in and the impact the coronavirus has had on economies around the world is fairly catastrophic....
Greek state budget showed a primary surplus of 494 million euros in Jan-March
Greek state budget recorded a primary surplus of 494 million euros in the January-March period, up from a budget target for a surplus of 426 million, but...
Video Game Sales skyrocket to Decade High due to COVID-19 Crisis (infographic)
Aside from watching Netflix, playing video games is one of the few activities perfectly suited for life on lockdown. Not only does it offer some much-needed distraction...