By the end of 2024, the number of people worldwide who had been “forcibly displaced as a result of persecution, conflict, violence, human rights violations or events seriously disturbing public order” and had fled their countries stood at approximately 42.7 million, according to the UN Refugee Agency.
Piraeus Bank posted a net profit of 815 million euros in 9M 2025, from 882 million euros in 9M 202
A sweeping plan to shut down 204 branches of the Hellenic Post (ELTA) has triggered a political storm, exposing fractures within the ruling New Democracy party and drawing fierce criticism from opposition groups.
Greece is seeking to revive the “energy triangle” with Cyprus and Israel — a move that appears to be attracting interest from the United States.
Juan Carlos Córdoba, Anni T. Isojärvi, and Haoran LiThis paper revisits the conditions under which search models generate balanced growth paths (BGPs)—equilibria where unemployment, vacancies, and job flows remain steady as search frictions decline. Martellini and Menzio (2020) claim that such paths exist only when matches are “inspection goods” and match quality follows a Pareto distribution. We show that these conditions are sufficient but not necessary.
Melnikov Dmitriy/ShutterstockSustainable or responsible investing has experienced huge growth over the past decade. This investment approach is anchored in environmental, social and governance principles and is known as ESG.
William Perugini/ShutterstockMore than five years into the homeworking revolution, a narrative seems to have emerged – of employees being hauled back to the office against their will. This contrasts with what COVID taught us: that people can work flexibly, benefit from not commuting, and even work for employers based far from their home – expanding the labour pool for employers.
In fact, both of these arguments are oversimplifications.
Elizabeth Llanes, Jeffrey Thompson, and Alice Henriques VolzThe question of whether affluent households save at a higher rate than other parts of the distribution has been asked by economists on numerous occasions since the 1950s. It is standard in this research to define affluent, or “rich,” households as those with high lifetime earnings or income to better ground the empirical question in relevant theory.
Marc Rysman, Shuang Wang, and Krzysztof WozniakWe use consumer panel scanner data to examine households' payment choices, a new application of such data. In particular, we study the long-term shift towards payment cards, as well as the role of transaction size in determining choices. We find that idiosyncratic household preferences are a key driver of payment choice.
The Bank's Court of Directors acts as a unitary board, setting the organisation's strategy and budget and taking key decisions on resourcing and appointments. Required to meet a minimum seven times per year, it has five executive members from the Bank and up to nine non-executive members.
