Nationwide Strike Grips Greece: 24 Hours of Transport Paralysis
A nationwide strike in Greece has brought the country's transport networks to a standstill, affecting railways, ferries, buses, taxis, and more
Foreign investors are reported to be returning to Greece as a result of the reduced labor costs, declining real estate prices, and the available industrial properties.
Foreign investors put a total of EUR 109 M in Greek bonds in H2 2012, and another EUR 27.6 M in January 2013, according to data from the Athens Stock Exchange cited by the Russian paper Izvestiya.
Investors are reported to be no longer concerned with a possible Grexit, i.e. Greece leaving the euro zone, and are now attracted by the reduced price of labor.
In 2012, the average hourly wage in Greece declined by 8.1%, and is expected to drop by another 6.1%, according to the European Commission.
Investor interest is said to be generated not only by Greek bonds but also by Greek industries and real estate, with a EUR 100 M investment of New York fund NCH Capital on the island of Corfu pointed out as an example.
Unilever is reported to be planning to transfer part of its production capacities from Eastern Europe to Greece, Rhone Capital is said to be negotiating for the purchase of S&B Industrials, and Philip Morris is said to plan to invest EUR 3 M in a Greek cigarette plant.
China is one of the largest foreign investors in Greece, mostly investing in maritime infrastructure and logistics.
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The European Parliament has approved the EU's inaugural directive aimed at regulating the employment rights of individuals working through online platforms
In recent years, Moldova has been faced with the challenge of reducing its dependency on Russian gas imports.
As the Hungarian forint experiences volatility, German investors are increasingly advocating for Hungary to adopt the euro, reaching the highest level of support in over a decade
In a statement underscoring growing concerns over national security, FBI Director Christopher Wray has declared that the popular social media app TikTok poses a significant risk to the United States
Eurostat data indicates that Greece (161.9%), Italy (137.3%), France (110.6%), Spain (107.7%), and Belgium reported the highest public debt-to-GDP ratios among EU member states by the conclusion of 2023
A damning report from the US State Department has unveiled a troubling reality of systematic racial and ethnic violence and discrimination against Bulgarians in the Republic of North Macedonia
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022