Greek News
Time: Companies embrace older workers as younger employees quit or become less reliable
At 73, showing up to work five days a week in the shipping department of AIS Inc.—an office pod manufacturing company he’s been with for nearly two...
Unemployment fell by 5.36% in November
Unemployed people decreased by 61,816 people (-5.36%) in November 2021 compared to November 2020, while unemployment recorded an increase compared to October, which is mainly due to...
Turkish lira sinks while Erdogan buys a new 480,000-euro Mercedes
At a time when the Turkish pound is sinking more and more and poverty is now affecting a large part of the population in the country, President...
Greek Parliament approves 2022 state budget
The state budget for 2022 was approved by the Plenary Session of the Parliament with 158 “for” and 142 “against”. The vote was preceded by a heated...
The historic Hilton hotel in Athens to change its name
The historic Hilton hotel in the centre of Athens is changing its name from 2024, which will be renamed Conrad (the small name of the founder of...
Greece set to pay its final debt to the IMF
Greece is set to pay off its final debt to the IMF in January 2022, after the approval of the Eurogroup. In March 2022, the Greek state...
The Greek economy records an impressive growth rate of 13.4% in the third quarter, ELSTAT says
The Greek economy was galloping at a growth rate of 13.4% in the third quarter of the year, as announced by the Hellenic Statistical Authority (ELSTAT). Based...
Amazon: Greece in the club of technologically important markets with the new investment
A strong message of confidence in the prospects of Greece was sent yesterday by Amazon Web Services, the technology arm that for the last 15 years has...
Travel Stocks Crumble Amid Omicron Fears (infographic)
While the world was holding its breath, waiting for new information on the latest, possibly a more dangerous strain of COVID-19 that was discovered last week, markets...
Construction of the longest highway in Europe is underway in Crete
The modern highway of Crete, which will connect the island from Kissamos to Sitia, and will be the longest highway to be built in Europe on its...
Ten Greek shipowners in Lloyd’s top 100 List
Ten Greek shipowners are on this year’s Lloyd’s List with the 100 personalities who play an important role in global shipping for 2021, two fewer compared to...
Apple blocks sale of iPhones in Turkey, as the Lira continues its slide
Apple appears to have temporarily halted sales of devices in Turkey as the country’s economic crisis deepened on Tuesday morning. The lira dropped 15 percent after Turkish...
20-Year Returns: Monster Eats Apple for Breakfast (infographic)
When you ask people to guess the best-performing stock in the S&P 500 over the past 20 years, the answers would probably be pretty tech-heavy. Apple? Amazon?...
Turkish Lira continues its fall hitting new record low
The Turkish lira fell 3% to a new low on Tuesday, hitting 11.88 against the US dollar, according to Reuters. This is the 11th low-level record in...
Greeks lead the global race in ship ownership with 17%
Greek-owned shipping remained at the top of the global shipping industry in 2021 with 17%, as the ‘battle of the sea’ against the Chinese continued with undiminished...
Turkish Lira falls to new record low
The Turkish Lira fell to a new all-time low today after President Recep Tayyip Erdogan said he would continue to fight high-interest rates “until the end”. The...
PM Mitsotakis in London invites investors to Greece: “We have low taxes and less red tape”
Greek Prime Minister Kyriakos Mitsotakis had a series of meetings with foreign investors in London, outlining the prospects of the Greek economy for long-term growth, something that...
Greece: Unemployment dropped to 13% in September
The unemployment rate in the country decreased to 13% in September this year, from 16.5% in September 2020 and 13.9% in August 2021. According to the ELSTAT...
The Germans “froze” the certification process of Nord Stream 2 – 12% increase in gas prices
The German energy regulator, announced today the temporary suspension of the certification process of Nord Stream 2, the gas pipeline connecting Russia with Germany, citing a legal...
Turkish Lira sets new record low dropping 1.3%
The Turkish Lira plunged 1.3%, setting another record low against the dollar. The prospects for the monetary policy set by Recep Tayyip Erdogan look bleak, as the...