For the first time ever, the Greek 10-Year Bond yield fell below 1 percent. It is a milestone for a country that has been bailed out three times in the last 10 years. The Greek 10-year bond yield fell to as lows as 0.992 percent, Tradeweb pricing showed GR10YT=TWEB, dropping …

A sharp increase in demand of surgical masks has skyrocketed also their prices by 300% in the last few weeks. More and more Greeks purchase masks to protect themselves from the flu that is in its peak but also many Chinese buy masks in bulk and send them to China …

The richest among the Greeks own 42% of the net wealth a survey on inequality and opportunity has shown. Conducted by the Greek Federation of Enterprises (SEV), the survey shows that over half of the population is “financially vulnerable.”. The survey points at the phenomenon of “selective mating” that consists …

75% of the islands migrants population is from Afghanistan, Greece’s Migration Minister Notis Mitarakis said on Tuesday adding that if the Afghan migrants are transferred to the mainland  they will have no right to be returned to Turkey. In a meeting with EU Migration Commissioner Yiva Johansson, Mitarakis pointed out …

Some of the biggest Greek ferries companies increased the prices of the tickets by 6% on Wednesday, January 8, claiming that they are trying to cope with the rising transportation cost due to the new fuels regulation that limit sulfur content. According to the ferry companies, the new regulation by …

Greece expects its economy to grow by 2.8% next year, driven by higher investments, improving domestic demand and tax cuts as the country recovers from a decade-long debt crisis. Data from the 2020 budget, formally submitted to parliament for approval on Thursday, also forecast a primary surplus of 3.56% of …

Greece plans to spin off the distribution grid and commercial operations of majority-state owned natural gas company DEPA and to sell its 65% stake in the two new firms, its deputy energy minister said on Thursday. The conservative government, which came to power in July, wants to speed up privatizations …

In an effort to stifle policemen objections regarding their involvement in the implementation of anti-smoking law, the Greek Health Ministry plans to give them incentives: 20% of the fines they will impose will go to their own pockets. That is a 20-euro banknote extra for the policeman who catches a …

Greece’s ruling party New Democracy leads with 14.5% over main opposition left-wing SYRIZA in the latest poll, two months after the conservative party came in power. According to a public opinion poll conducted by MRB on behalf of private Star TV, respondents said they favored: New Democracy 36.5% SYRIZA 21.9% …

The Greek Government Council on Economic Police has decided on Wednesday to take immediate action for the sale of a 30% stake in the Athens International Airport “Elfetherios Venizelos.” The stake is owned by the privatization fund the Hellenic Republic Asset Development Fund (HRADF). Instructions were given to the HRADF …

The future President of the European Central Bank, Christine Lagarde, suggested that the Greece’s commitment to a 3.5% of GDP primary surplus target is “excessive” and should be reviewed. Lagarde made this statement during her hearing before the Committee on Economic and Monetary Affairs of the European Parliament in Brussels …

One day before visiting Paris to meet with French President Emmanuel Macron, Prime Minister Kyriakos Mitsotakis spoke to French daily Figaro and invited investors to Greece. A thorough bill for taxation reduction for businesses will be presented in September, Mitsotakis told Figaro said adding that “income tax for businesses will …

Greek unemployment rate fell to 17.2 pct in May from 19.4 pct in May 2018 and 17.4 pct in April this year, Hellenic Statistical Authority (ELSTAT) said in a report on Thursday. The statistics service said that the number of unemployed totaled 815,166 in May, down 108,124 from May 2018 …

Greece has opened books for a new seven-year bond, its third such issue since it emerged from international bailouts last year. Initial price estimate was for a yield of around 2.1 percent, financial media report. According to Greek sources, the bond was was met with strong demand by long-term institutional …

Voters in Exarchia turned their back to the ballot box on Sunday where repeated elections took place after the ballot box was stolen and set on fire short before the polling centers closed on July 7. Just 39 out of 540 registered voters at the polling center in Koletis street …

For the first time in eight years, unemployment in Greece feel to 17.6 percent in April 2019. The Hellenic Statistical Authority (ELSTAT) announces the seasonally adjusted unemployment rate for April2019.  The seasonally adjusted unemployment rate in April2019 was 17.6% compared to 19.8% in April2018and the upward revised 18.2% in March2019. …

The new markets- and business-friendly Greek government could not persuade of the effectiveness of its pre-election promises and the Athens Stock Exchange landed rough on the terrain of the Greek economic realities. In just two days, the General Index recorded losses of -6%. The session on Tuesday closed with -4.28% …

By 99.84% of the votes counted, the results of the general elections on 7. July 2019 bring six political parties in the Greek Parliament with the neo-Nazis of Golden Dawn to be definitely out. Two new parties enter the Parliament: Elliniki Lysi (Greek Solution) of far-right Kyriakos Velopoulos MeRA25 of anti-memorandum …

21,478 ballot centers across Greece closed at 7 o’ clock Sunday afternoon, July 7th 2019. Millions of Greeks were called to ballot boxes and general elections. All public opinion polls showed a victory for main opposition party, conservative New Democracy. Even though there is possibility that the closing deadline is …

The rate of long-term unemployment in Greece has decreased to 12.5% of the unemployed workforce in the first quarter of 2019, when compared to 13.6.% in 2018 and 15.6% in 2017, the Bank of Greece said in its Monetary Policy Report on Monday. This development is important because, as the …