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Economy

GRECA: Ecommerce market in Greece will contribute €4 billion revenues in 2019

15 Mar 2019, 5:15 pm

The Greek eCommerce Association (GRECA) published a survey for ecommerce activities in the Greek online market. Estimations about the ecommerce activity in Greece are expected to surpass the €4 billion threshold by the end of 2019. This represents an 8% increase to the €3.7 billion revenues reaped in 2018.

Greek Finance Minister on first months of SYRIZA government: We were weaker than we believed, and…

14 Mar 2019, 2:20 pm

Greek Finance Minister Euclid Tsakalotos was revealing on Wednesday in regards to the first six months of the Tsipras government in 2015, a period punctuated towards its end by failed negotiations with creditors, a controversial referendum…

ESM Chief Regling sees new upgrade of the Greek economy by rating agencies

14 Mar 2019, 1:25 pm

A further upgrade of the Greek economy's rating from the rating agencies is a matter of time, as long as Greece continues to pursue reforms, European Stability Mechanism (ESM) chief Klaus Regling said in an interview with public broadcaster…

IMF: Greece among best performers in eurozone

13 Mar 2019, 9:02 pm

Greece has entered a period of economic growth that puts it "among the best performers in the eurozone". That rather striking judgement comes from the International Monetary Fund in a new report on the Greek economy.

Greek authorities: €241 million loss from not claiming rebates from pharmaceutics industry

13 Mar 2019, 4:07 pm

The Greek state has suffered a loss totaling 241 million euros from not claiming back the rebates from the pharma industry. This was denounced by the Minister of Health, Andreas Xanthos, and Labor, Efi Achtsioglou, in an extraordinary press…

Creditors want home protection criteria shift

13 Mar 2019, 3:26 pm

Greece’s creditors are insisting on a drastic reduction of the maximum property and income criteria for the protection of borrowers’ homes, or the exemption of corporate debts, before approving the Greek plan, sources have said.

EU court shields ECB from disclosing key document in Greek crisis

12 Mar 2019, 6:24 pm

The European Union’s top court on Tuesday denied access to a key European Central Bank document which underpinned its decision to freeze vital funding to Greek banks in 2015, a turning point in the country’s financial crisis.

Greek economic growth and job creation to accelerate in 2019, says IMF

12 Mar 2019, 5:28 pm

An International Monetary Fund (IMF) first post-programme monitoring report focused on achieving the goal of fiscal balancing in the Greek economy and noted that this effort should be made within the framework of medium-term fiscal targets…

Greek merchant fleet contracted for 2018

12 Mar 2019, 3:34 pm

The Greek merchant fleet has shown a minor decline in 2018. The number of vessels registered under the Greek flag were diminished as compared to the 2017 data. According to recent data, the number of Greek flagged vessels reached 671 in…

Eurogroup: No decision on loan disbursement

12 Mar 2019, 11:01 am

The Eurogroup was concluded on Monday without a decision for the disbursement of the one billion euro loan tranche, according to a eurozone source.

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