financial crisis

Oct. 23, 2023

Rising Prices, New Technology Attract Private Equity Interest in Olive Oil

Analysts are eyeing promising financial returns in the olive oil market, particularly in Spain and Portugal.

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.

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.

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