Economy of Europe

The global economy has been suffering from uneven growth in recent years, yet it is extremely striking how weak Europe remains relative to the US, China and other Asian economies.

The Greek government is forecasting economic growth of 2.3% in 2025, outperforming Europe's major economies, thanks to strong tourism revenues, robust consumer spending and investment, a 2025 draft budget showed on Monday.

Mario Draghi is calling for up to 800 billion euros a year in additional investment from EU member states so that the EU can regain the competitiveness of its economy and avoid being trapped in the US and China.

BELGRADE - Serbian PM Milos Vucevic met with North Macedonian Interior Minister Panco Toskovski in Belgrade on Friday to discuss bilateral relations and cooperation on security and in other fields of importance to the citizens of the two states, the PM's office said in a statement.

Eurostat's recent data release for 2022 spotlights the profound economic contrasts existing within the European Union, shedding light on the stark disparities between affluent and struggling nations.

A huge surprise for Greece cannot be ruled out this summer. This has to do with a decision by the European Central Bank and concerns the inclusion of Scope Ratings in the group of rating agencies the ECB takes into account in its decisions.

Thousands of tourists and residents fleeing a wildfire on Rhodes huddled in schools and shelters on Sunday, with many evacuated on private boats from beaches to safer areas of the Greek island when flames moved towards resorts and coastal villages.

The benchmark at Athinon Avenue gave up on Thursday all the gains it had collected on Wednesday, as banks led the profit-taking activity by investors, although a number of blue chips, such as Mytilineos, maintained their upward course for another day.

Passenger traffic posted a major increase across the country's airports during the year's first five months, according to data from the Civil Aviation Authority.

Energy companies OMV Petrom and Romgaz on Wednesday backed plans to develop the Domino and Pelican Sud commercial natural gas fields in the Romanian Neptun Deep perimeter in the Black Sea.

The two companies will invest up to 4 billion euros for the development phase of the project, which will generate production of about 100 billion cubic meters of natural gas over ten years.