The International Monetary Fund insists on undercutting the government’s growth forecasts, setting the bar at 2% for both this year and 2026, compared to the preliminary budget projections of 2.2% this year and 2.4% in 2026. In the medium term, it lowers the targets even lower to 1.6% in 2030.
Eurozone growth slowed down in the second quarter (April-June) of 2025, expanding at a 0.2% annual clip, from 0.6% in the first quarter, European statistics agency Eurostat says.
Greece remains the world’s largest shipping force with 5,691 ships, contributing decisively to energy and food security, as well as to the security of the supply chain of the European Union and the global community. Overall, as noted in the annual report of the Association of Hellenic Shipowners Union (EEE) for the period 2024-2025, the […]
Greece’s economy is seen growing by 2.3% this year, well above the euro zone average, Greek central banker Yannis Stournaras said on Monday.
The five-day rising streak ended on Monday at the Greek bourse, but the benchmark recorded only minor losses upon closing as the profit-taking in the latter half of the session at Athinon Avenue met the strong resistance of buyers. The market’s appetite for more placements is clear and will likely emerge again strong in the […]
Greek tourism has been established as a pillar of stability and growth over the last years, despite the turmoil and difficulties it faced from the pandemic and the war in Ukraine, the outgoing president of the Greek Tourism Confederation (SETE), Giannis Retsos, told its 31st regular general assembly on Wednesday.
The economy of Cyprus is expected to grow by 2.6% this year, a full three points lower than the 2022 increase in the island nation’s gross domestic product, the governor of the country’s central bank said on Tuesday.
Nonperforming loans in Cyprus rose by 12.8 million euros in January 2023 compared with December 2022, amounting to €2.32 billion or 9.5% of total loans.
Britain’s housing market is to slow dramatically in 2022 as borrowing costs rise and household budgets come under mounting strain, property experts have predicted.
