Economy
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€2.65 billion of debt were settled out of court in July

931 new successful debt settlements were filled.

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Kastelli airport works are being gradually delivered

The progress of construction works in Kastelli airport is remarkable.

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The Small Agricultural Entrepreneurship Loan Fund is being enhanced with €10M more

The amount of the loan ranges from €3,000 to €25,000 and the repayment period is from 2 to 5 years.

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  News Economy  |  Europe  |  Data
The European Central Bank raises rates by 25bps

A headline inflation reading showed the rate coming down to 5.5% in June.

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IMF: Global growth will slow to 3% this year inflation is projected to 6.8%

The euro area, still reeling from last year’s sharp spike in gas prices caused by the war, is set to decelerate sharply.

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After a decade of study and development the Federal Reserve launched FedNow

The adoption of real time payments in the sprawling U.S. banking system, with more than 4,000 banks, another 4,000 credit unions, and an overlay of hundreds of fintechs.

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The risk of recession is now overshadowing China's real estate market

This week, a meeting of top Chinese leaders noted a “great change” in the relationship between supply and demand in the real estate market.

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S&P Case-Shiller: US home prices in May rose for the fourth straight month

Prices nationally rose 0.7% month to month, seasonally adjusted.

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  News Investments  |  Economy  |  Data  |  Sectors
Construction Costs up 4.5% in Q2 2023

The Price Index of Construction Cost of New Residential Buildings recorded an increase of 6.5%.

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  News Economy  |  Tourism  |  Greece  |  Data
The balance of travel services posted a surplus of €1,538.9 million in May 2023

Travel receipts in May 2023 rose by 24.8% to €1,748.1 million, from €1,400.7 million in May 2022