Economy of Europe
Bulgaria and Hungary at Bottom in EU's GDP Ranking
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.
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Is there scope for a midsummer surprise?
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.
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Flights cancelled as tourists flee wildfire on Rhodes
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.
ATHEX: Wednesday’s index gains evaporate
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.
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Air passenger figures take off
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.
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Plan to Develop Romanian Black Sea Gas Fields Unveiled
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.
ATHEX: Banks keep benchmark in the red
Profit-taking by investors continued at the Greek stock market on Tuesday, although unlike on Monday the decline of the benchmark was contained toward the end of the session, in spite of the steady drop by bank stocks.
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ATHEX: Investors cash in recent gains
Traders at the Greek stock market considered Monday to be a good time to cash in their recent gains, in the absence of several institutionals given the holiday in the US, which also resulted in the lowest daily turnover recorded in over 20 sessions.
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EIT sets up info center in Cyprus
The European Institute of Innovation and Technology (EIT) is about to set up an information center in Cyprus, called the EIT Community RIS Hub and is already in search of a national secretary to lead and coordinate it.
The announcement was made on Wednesday at an info day event in Cyprus, co-organized by the EIT and the Research and Innovation Foundation (RIF).
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Foreigners buy property for Golden Visas
Investors from non-EU countries played a leading role in the increase of foreign investments in Greek real estate in 2022, mainly aspiring to secure a residence permit through the Golden Visa program.
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