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Greek November unemployment at 18.5 pct, lowest since July 2011
ATHENS, Feb 7 (Reuters) - Greece’s jobless rate dropped to 18.5 percent in November from an upwardly revised 18.7 percent in the previous month, data from the country’s statistics service ELSTAT showed on Thursday.
Confidence vote to the Greek economy from Moody's after 5 years
Greece's return to international bond markets in January with a 2.5 billion-euro issuance is credit positive for its credit-worth, Moody's credit rating agency said. The firm rates Greece at B3 Grade with positive outlook.
Think tank forecasts Greek 2019 economic growth of 2 percent
ATHENS (Reuters) - Greece’s economy will expand by around 2 percent in 2019, the influential Greek IOBE think tank predicted on Tuesday, slightly below a previous forecast of 2.4 percent.
Greece emerged from a bailout program in August and the government expects economic growth of 2.5 percent this year.
Greek Real Estate Market Picks Up Pace Driven by Tourism, Golden Visa
ATHENS (Reuters) - A recovery in Greece's residential property market gained momentum in the third quarter of 2018, central bank data showed on Monday, suggesting an improving economy and growing foreign interest may help property prices rise further.
Foreign Investments in Greece
Zoia CEO discussing Greece Investment on the annual Prodexpo conference panel on “Foreign Investments in Greece”
(Starting from min 50)
Greek property prices rise for a third consecutive quarter
ATHENS (Reuters) - A recovery in Greece’s residential property market gained momentum in the third quarter of 2018, central bank data showed on Monday, suggesting an improving economy and growing foreign interest may help property prices rise further.
Property accounts for a large chunk of household wealth in Greece, which has one of the highest home ownership rates in Europe at 80 percent, versus a European Union average of 70 percent, according to the European Mortgage Federation.
Brevan Howard enters Greek property market
Greece’s first real estate investment company (REIC) set up entirely by foreign funds has received an operating license from the country’s Capital Market Commission. Called Orilina Properties, the firm is a vehicle of US investment group Brevan Howard for penetrating the local market.
Athens is the European Capital of Innovation 2018
The European Commission is awarding Athens the title of the European Capital of Innovation 2018 with a €1 million prize
Athens is the winner of this year's European Capital of Innovation Awards, funded by the EU research and innovation programme Horizon 2020. The runner-up cities - Aarhus (Denmark), Hamburg (Germany), Leuven (Belgium), Toulouse (France), and Umeå (Sweden) - received €100,000 each. The prize money will be used to scale up local innovation activities and collaborate with other cities.
Seeking a bargain, and taste of the good life, Chinese buy Greek homes
ATHENS (Reuters) - Three times a week, hundreds of Chinese investors arrive at Athens airport to be greeted by Greek real estate agents who drive them straight into the city to view apartments for sale.
The visitors are drawn to Greece by rock-bottom property prices and one of Europe’s most generous “golden visa” schemes, offering a renewable five-year resident’s permit in return for a 250,000 euro (£222,049.1) investment in real estate.