growth

The Prime Minister Antonis Samaras presented his new growth plan at the Benaki Museum on Tuesday evening, where he outlined the main points...

The Prime Minister Antonis Samaras will present his ambitious new growth plan on Tuesday, according to which the new production model will...

The Prime Minister Antonis Samaras decided to escalate his conflict with the opposition, by launching an attack against SYRIZA and Alexis Tsipras from the...

Greek statistics authority ELSTAT announced today that the rate of recession during the first quarter of 2014 was 1.1% GDP, which is a significant improvement...

The Minister of Finances Yannis Stournaras is expecting the rate of recession to drop close to 1% GDP in the first quarter of 2014, which will confirm predictions...

According to the latest Economic Outlook report published by the Organization for Economic Co-operation and Development (OECD) on Tuesday...

The European Commission has published its revised predictions regarding the rate of growth and unemployment in the EU and Eurozone in 2014 and 2015...

According to the revised medium term fiscal strategy plans for the 2015-2018 period Greece will see a 2.3% GDP primary surplus and a 0.6% GDP...

The president of the Council of Economic Advisers Panos Tsakloglou presented the “Greece 2021” plan regarding growth at the Euro Working Group that took...

The Minister of Agricultural Development Athanasios Tsaftaris spoke to Vima 99.5 FM and revealed that about half a billion euros will be invested in agricultural...

The Greek economy will return to growth in 2014, stated Prime Minister Antonis Samaras, after his meeting with the Finnish Prime Minister Jyrki Katainen. Mr. Samaras stressed...

The Governor of the Bank of Greece Giorgos Provopoulos gave a speech at the 81st annual meeting of the bank’s shareholders, where he expressed his estimation that...

Recent financial developments, particularly with regards to the accumulative 25% reduction of the GDP over the past five years and the change in financial market indexes, suggest that the recession may be coming to an end. These sentiments are not unwarranted, as IOVE’s economic sentiment indicator among others, create the expectations of a recovery. Based […]

For the first time in Greece, small businesses and new entrepreneurs will now be able to take out “micro loans” of up to 25,000 euros from the European Investment Centers. The announcement was made by TREK Consulting SA, who clarified that the loans will come with a far lower interest rate than the current lowest […]

The Ministry of Growth has revealed that amongst the amendments to the growth bill that it plans on submitting for consideration in Parliament is a provision for commercial leases to last for three years. The Ministry has explained that current leases will be protected. Other amendments to be included are designed to facilitate investors facing […]

The Assistant Secretary of State for European and Eurasian Affairs at the United States Department of State Victoria Nuland is expected in Athens n Sunday, where she is rumored to meet with the Prime Minister Antonis Samaras and the Minister of Foreign Affairs Evangelos Venizelos. Mrs. Nuland recently discussed a series of bilateral matters with […]

The president of the Union of Hellenic Chambers (UHC) Konstantinos Mihalos has proposed the creation of an import-export growth bank which will support and encourage exports, based on similar banking ventures abroad. According to Mr. Mihalos, small and medium-sized enterprises (SMEs) in Greece have the highest loan application rejection rates in the Eurozone, while the […]

The European Commission has announced its revised its estimations about the rate of recession in Greece in 2013, from 4.2% to 4%. The Commission also estimates that the Greek GDP will increase by 0.6% in 2014 and that unemployment will reach 27%. According to the EC’s revise autumn estimations, the 4% recession in 2013 will […]

The Governor of the Bank of Greece Giorgos Provopoulos was interviewed by international news agency Reuters and revealed that Greek banks will be undergoing a series of “adverse scenario” stress tests, where the recession is extended for a further two years. The purpose of the stress tests is to determine whether the country’s largest banks […]

The leader of the Opposition Alexis Tsipras visited the Greek Defense Systems (EAS) facilities yesterday, in celebration of the 39th anniversary of the restoration of democracy and the collapse of the dictatorship. The president of SYRIZA asserted that he will not accept any dismissals or selling off of assets. Mr. Tsipras however noted that some […]