German coach Michael Skibbe’s tenure on the Greek national team’s bench has apparently come to an end, with a formal announcement expected this week by the country’s football federation (EPO).…
By F. Zois [email protected]
Officials from Greece’s privatization agency this week blamed “erroneous estimates” by consultants involved in negotiations to extend the Athens International Airport (AIA) concession for a 740-million-euro…
Two Turkish nationals were arrested at the main port on the eastern Aegean island of Hios this week (Chios) on migrant smuggling charges, with local media claiming the pair were…
Coastal and marine tourism directly accounts for 2.3 billion euros in Greece’s annual GDP, whereas indirect effects are calculated at five to six billion euros, a study by the Greek…
By A. Tsimplakis [email protected]
Shipping minister Fotis Kouvelis this week promised “restructure” a recent decision applying VAT on goods and services supplied to non-ocean-going vessels and craft, such as ferry…
The general government’s arrears to third parties – private citizens, suppliers and all types of businesses – actually exceed six billion euros, officials from Greece’s Court of Audit told members…
The finance ministry on Wednesday announced shortfalls in terms of targets for collecting personal income tax and property taxes in Greece over the first nine-month period of 2018, with September…
The Athens-based Foundation for Economic & Industrial Research (IOBE) on Wednesday forecast a GDP growth rate in Greece next year of around 2 percent this year, rising to 2.4 percent…
Main opposition New Democracy (ND) party’s foreign affairs sector head on Wednesday demanded that a nine-page resignation letter by now former foreign minister Nikos Kotzias be publicized.
MP Giorgos Koumoutsakos,…
Greece’s independent public revenues authority this week unveiled detailed instructions for property owners and managers to submit income statements from short-term leasings, i.e. AirBnB-style exploitation.
The Greek state’s now independent…
By N. Bellos
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Eurostat on Tuesday reported that Greece’s public debt in the second quarter of 2018 reached 179.7 percent of GDP, or 323.3 billion euros, posting a marginal…
One of the most influential ministers in successive PASOK governments up until 2004, Yiannos Papantoniou, was remanded in custody on Tuesday evening, following his marathon deposition before investigating magistrates and…
Center-right main opposition leader Kyriakos Mitsotakis on Tuesday promised to scrap the current asylum status granted to university campuses in the country if he’s elected as the next premier, amid…
Ankara on Tuesday again resorted to saber-rattling after Greece’s recently resigned foreign minister said Athens is considering extending certain territorial water boundaries to the internationally accepted 12-mile limit.
“It is…
By Vassilis Kostoulas [email protected]
Greece’s exit to the markets is not a high priority, especially under the present circumstances, given that a “cash buffer” has been accumulated whereas the country’s…
European Stability Mechanism (ESM) Managing Director Klaus Regling on Tuesday again dampened the poll-trailing Tsipras government’s hopes of eventually avoiding a pre-legislated social security reduction next January, saying that “fiscal…
Media reports out of Ankara on Tuesday morning maintain that Turkey’s foreign ministry has called on the Greek ambassador in the country for a meeting.
Speculation over the intent of…
Mytilineos Holdings S.A. this week announced the purchase of EPALME, an independent aluminium billet manufacturer located north of Athens that uses pure aluminium ingots and recyclable aluminium scrap in its…
The mayor of Piraeus, the municipality that hosts the same-name port, the biggest and busiest in Greece, this week outlined his administration’s objections to a master plan submitted by the…
A relevant energy minister on Monday announced that the government was abolishing two separate levies imposed on lignite production and power generation, with Minister Giorgos Stathakis pointing to what he…
Former foreign minister Nikos Kotzias on Monday evening underlined that he “neither blackmails nor can be blackmailed,” speaking at an event in the Cretan city of Irakleio organized by the…
The port of Piraeus’ competitiveness edge as a transport hub and cargo handler got a distinct boost this month with a decision by the independent public revenues authority allowing for…
An Athens first instance court on Monday afternoon ordered a temporary freeze on the assets – up to the sum of 160,000 euros – of Folli Follie, a legal decision…
Continuing excavations at the eponymous Minoan Bronze Age settlement of Akrotiri, on the volcanic holiday island of Santorini (ancient Thira), have yielded 13 sarcophagi filled with artifacts from the Aegean…
The primary budget surplus for 2017 was revised from the figure released last April, standing at 3.9 percent of GDP, slightly down from the previously calculated 4.0 percent.
Greece’s statistics…
A deficit of 910 million euros in current accounts, increased by 857 million euros, was reported (yoy) on Monday by the Bank of Greece (BoG) for the first eight months…
A first instance court in Athens on Monday lifted a temporary protection from creditors order for Folli Follie Group, a development expected to increase pressure on the beleaguered retailer and…
A latest transaction involving a Very Large Crude Carrier (VLCC) witnessed the oldest such vessel in the Pantheon Tankers fleet, the Astro Chorus, selling for slightly more than 21 million…
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Greek lenders have reportedly submitted a proposal, based on three axes, in talks with the country’s institutional creditors to formulate a new legal framework in Greece that protects primary…
By S. Papapetros
[email protected]
Pensioners in Greece between the ages of 56 and 65 receive, on average, the highest monthly benefits, and specifically 1,051 euros for the ages of 56…
