financial crisis
Apr. 19, 2023
Lebanese Ag Minister Praises Producers’ Success on World Stage
Officials and producers hope the awards will promote Lebanese extra virgin olive oil in foreign markets and spur exports for the crisis-enveloped country.
Jan. 17, 2023
Food Crisis Looms as Pakistan Announces Recovery Strategy
The high level of inflation, natural disasters, and national debt has cause Pakistan to seek international aid.
Jan. 17, 2023
Spain's Olive Oil VAT Reduction Might Not Be Sufficient
Olive oil producers argue that the temporary VAT reduction is undercut by rising production costs and the tax on plastics.
Dec. 27, 2022
In Italy, EVOO Prices and the Popularity of Large Food Retailers on the Rise
The latest data from Ismea shows how Italian families in the third quarter are coping with rising inflation by spending more on EVOO and visiting large food retailers.
Dec. 3, 2018
Greeks Moving Away from Med Diet, Survey Finds
The eating habits in Greece have been sharply influenced by the financial crisis and global nutritional trends.
Jun. 13, 2017
Economic Downturn Spurs Return to Family Farms
In the face of economic hardships, many young Greeks return to work the family olive groves that have been kept in their families for generations.
Dec. 31, 2016 Europe
Nov. 3, 2015 Europe
In Greece, Volunteers Provide Olive Oil for Families in Need
Sep. 25, 2015 Europe
Aug. 16, 2015 Europe
Jul. 29, 2015 Europe
Gaea CEO's Top Priority: 'Keep Serving Our Clients Every Day'
Jul. 18, 2015
Greece Accepts More Austerity to Avoid Chaotic Grexit
With its economy depressed and banks closed, Greece accepted more harsh austerity measures and reforms in order to begin negotiations with European institutions and the IMF for a third bailout loan, barely avoiding a Grexit.
Jul. 10, 2015
Shuffling Austerity Proposals, Greece and Creditors Seek Agreement
Days after Greek voters rejected a proposal for austerity measures, their government submitted a similar plan. Meetings this weekend could determine whether Greece will remain in the eurozone.
Jul. 3, 2015
Confusion, Controversy as Referendum Nears
After the surprising announcement of a referendum on creditors’ austerity proposal, Greeks struggle with capital controls and conflicting interpretations of the meaning of a yes or no vote on Sunday.
Jun. 26, 2015
Solace in Olive Oil as Talks Continue in Greece
As Greece and its creditors endure tense negotiations, some find hope in the relative security of olive oil.
Jun. 11, 2015
Uncertainty in Greek Olive Oil Industry as Government Struggles to Avoid Default
Greek olive oil exports have increased, but more bottling and branding could bring Greece money desperately needed during the economic crisis.
Jan. 21, 2015
An Olive Oil 'Odyssey' at Winter Fancy Food
The olive oil association Sevitel organized a seminar on Greek olive oil at the Fancy Food Show that offered perspectives by a diverse panel of experts.
Jan. 1, 2015
On the Continuing Downward Slide of Olive Oil Prices in Greece
Infighting and lack of vision and creativity have plagued the Greek olive oil industry and are the real cause of its failure.
Jan. 12, 2013
The Murky Waters of Greek Agriculture and the Way Out
Decisive steps must be taken by the new farmers to overcome the tough situations created by the financial crisis.
Dec. 17, 2012
Community Programs Help Greeks in Tough Times
The financial crisis in Greece has led to some unfamiliar practices enabling citizens to acquire basic commodities.
Dec. 1, 2012
Production Up, Consumption Down in Greece
Nevermind an increase in local olive oil production, Greek consumers are being forced to find cheaper alternatives.
Nov. 13, 2012
Olive Trees Face ‘Death by Saw’ in Greece
Besides price fluctuations and drought, olive oil farmers in Greece now have to cope with olive trees being stolen for firewood.
Nov. 5, 2012
Greece Backs Olive Oil Exports with €10M
After some encouraging results with other agricultural products, Greece will support exports of olive oil to promising markets.
Oct. 1, 2012
Crisis Spawns Investments in Olive Groves
As young people in Greece turn to their family properties, olive groves are suddenly considered a secure investment.
Sep. 26, 2012
Eurozone in Crisis, Olive Oil Marketers Shift Targets
At a time when purchasing power of Europeans is shrinking. Olive oil producers here will need to do more than just brand-building.
Sep. 24, 2012
Group Wants Bank Support for Greek Olive Oil Exports
The Hellenic Commerce Confederation suggested two ways to boost and sustain olive oil exports, both of which rely on ailing banks