All News on Economics in Greece
Fresh rise in registered unemployed in November
Unemployment is going from bad to worse in Greece as the number of unemployed people registered with the Manpower Organization (OAED) continued to grow in November. This has generated strong concerns since the reduction trend observed in the summer has been reversed.
ATHEX: Investor optimism wins the day
In marked contrast to the cloud of uncertainty hanging over Greece's second bailout review, local stocks soared in the latter part of Friday's session, as investors put their money on a thaw in relations between the government and its creditors.
ATHEX: Stocks slide on ESM news
The decision by the European Stability Mechanism (ESM) to freeze short-term measures to ease Greece's debt also froze buying interest in the local market, leading to losses for the majority of stocks on Wednesday, which may well continue into Thursday's session.
Bulgaria's Exports to EU Grew 6% in Jan-Sept
Bulgarian exports to the European Union increased by 6% between January and September compared to the same period of last year, national statistics show.
Exports amounted to BGN 23.0345 B in the first nine months of the year, according to preliminary data of the National Statistical Institute (NSI).
ATHEX: New six-month high for index
The fourth consecutive session of gains at the Greek bourse took the benchmark to a new six-month high on Thursday as the market is hoping Greece will eventually be accepted into the European Central Bank's bond-buying program.
ATHEX: Monthly gains of 6.36 pct for benchmark
The leaked details of a European Stability Mechanism paper documenting short-term measures to ease Greece's national debt, as well as news of progress in the bailout review talks, particularly on the labor relations front, led most Greek stocks to significant gains on Wednesday, in line with those registered on Wall Street and elsewhere in Europe, and improvements in oil rates.
Greek public sector workers strike against EU/IMF reforms
Greek public-sector workers went on strike on Thursday to protest labour and pension reforms and state asset sales which the government agreed with the country's official creditors in exchange for loans.
ATHEX: Benchmark recoups all of 2016 losses
The Greek bourse passed a major milestone on Wednesday, covering all the losses it had incurred since the start of the year, thanks to the small rise in the benchmark at the close and despite the drops registered by the blue chip and banks indices.
The 25 best countries to live in
On November 3, the London-based research institute Legatum released its 10th annual global Prosperity Index, which evaluates countries based on a variety of factors, namely health, happiness and the economic prosperity of its inhabitants.
ATHEX: Stocks head higher on FBI statement and reshuffle
The FBI's announcement that it had found nothing to incriminate US presidential candidate Hillary Clinton in her emails buoyed stocks internationally, while this, coupled with local traders' moderate satisfaction with Friday's cabinet reshuffle, led to gains at Athinon Avenue on Monday.
ATHEX: Slide on int'l market rubs off on local stock exchange
The absence of any substantial developments in Greece resulted in local stocks heading south on Monday, in line with international markets. The benchmark did post a partial recovery in the afternoon, but not enough to make up for the earlier losses. Trading volume was very low.
Shifting landscape in the EU after Brexit vote
Who will follow the British in their decision to leave the European Union? And are there likely to be any departures from the eurozone? For Nobel Prize-winning economist Joseph Stiglitz, Italy is the next EU member-state that will be leaving the bloc, while he recommends that Greece and Portugal follow suit.
Bulgaria's Exports to EU Grew, Imports Shrank in Jan-Jul
Bulgarian exports to the EU grew by 4.3% in the first seven months of this year, compared to the same period of 2015, while imports from other member states dipped slightly, statistics show.
Exports amounted to BGN 17.4966 B. The main trade partners included Germany, Italy, Romania, Greece and France, accounting for 64.7% of the exports to EU member states.
Greek firms far more solvent that the state
With the Greek economy having contracted for eight of the last nine years - 2016 included - and being deprived of the local credit lines, enterprises in Greece are finding their way back to financing through corporate bonds, while the country remains hostage to delays in the completion of the bailout review, bringing state bond yields to country default levels.
ATHEX: Moderate rise for benchmark
The majority of Greek stocks went up on Tuesday, despite the 9.58 drop posted by Aegean Air after its poor second-quarter results, and Attica Bank's 1.72 percent slide upon having its trading suspension lifted amid a damning loans scandal.