By N. Bellos [email protected]
Athens’ pressing request to suspend a pre-legislated social security spending reduction, which was scheluded for Jan. 1, 2019, will be approved at Monday’s Eurogroup meeting without…
Government Deputy PM and economy minister Yannis Dragasakis this week harked back to the turbulent days of the summer of 2015, saying a continuation of the unprecedented crisis at the…
By E. Sakellari [email protected]
Bank sources this week said they expect an out-of-court settlement framework for arrears by taxpayers and businesses – which essentially came on line via an Internet…
Private sector investments in Greece must increase by roughly 50 percent over the next few years in order to achieve an “investment shock”, Bank of Greece (BoG) Gov. Yannis Stournaras…
Taxpayers in Greece left 1.42 billion euros worth of taxes and surcharges unpaid in September 2018, the second highest figure recorded in 2018 on a monthly basis.
Moreover, more than…
Greece’s capital market commission has reportedly detected falsification of figures in beleaguered Folli Follie Group’s balance sheet for 2016, during an audit that was recently completed. Moreover, evidence of intentional…
Greek lender Alpha Bank on Thursday announced the sale of a mixed pool of NPLs comprised of loans allocated to SMEs, and ones mostly secured with property assets, for 1.056…
Greek lender Alpha Bank on Thursday announced its new CEO, with Vassilis Psaltis taking over from Dimitris Matzounis. The former will assume his new post on Jan. 2, 2019.…
A positive assessment by Moody’s of a recently announced plan by the Bank of Greece (BoG) to reduce an Olympus-sized “mountain” of “bad debt” plaguing Greek systemic banks’ balance sheets…
Τwo of Greece’s biggest construction firms, J&P Avax and Ellaktor, have purchased a nearly 10-percent stake in a pair of affiliated companies managing and holding the concession for the Attiki…
The second full-blown winter storm of the season swept through northern Greece on Wednesday, pushing thermometers down by as much as 14C in less than 24 hours.
Snow was reported…
The relevant Greek education minister traveled to Istanbul this week in order to brief the head of the influential Ecumenical Patriarchate and the latter’s top clerics over the Tsipras government’s…
The “winners” from Wednesday’s announcement in Parliament, by the prime minister himself, of a mostly expected reduction in next year’s property tax (ENFIA) rate will be roughly 3.5 million owners…
Main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Wednesday referred to an attempt at political “deception” by the Greek coalition government, speaking hours after Prime Minister Alexis Tsipras unveiled…
The head of Greece’s anti-money laundering authority on Wednesday ordered a freeze on real estate assets held by members of troubled Folli Follie group’s board of directors.
The decision comes…
A total of 59 people were arrested around Greece on Tuesday and Wednesday, including the prominent owner of a nationwide chain of pawn shops, on charges related to investigations over…
This year’s end-of-the-year “social dividend” will reach 710 million euros, Finance Minister Euclid Tsakalotos said from Greece’s Parliament on Wednesday.
He added that whatever one-off welfare benefits doled out next…
A five-justice appellate court in the central city of Larissa on Wednesday suspended the incarceration of a 53-year-old former municipal janitor serving a 10-year prison sentence on a felony forgery…
By L. Karageorgos
[email protected]
Capital Product Partners L.P., the Greek shipping company controlled by Vangelis Marinakis, on Wednesday announced that it will transfer its tankers to a new company that…
By T. Igoumenidi
[email protected]
Another deadline associated with the delayed Helleniko property development project appears to have fallen by the wayside, with the first 300-million-euro installment of a would-be casino…
Greek Prime Minister Alexis Tsipras paid a previously unannounced visit to the wildfire-ravaged Mati settlement in coastal eastern Attica prefecture on Tuesday, chairing a meeting that was bereft of television…
The mangled bodies of four people, possibly undocumented migrants, were located on Tuesday morning along railroad tracks by maintenance workers in northeast Greece, near an intersection in the Maroneia district.…
The Greek finance ministry’s affiliated services will have to collect tax revenues exceeding 10.2 billion euros over the last two months of the year in order to avoid any deviation…
By K. Deligiannis
[email protected]
A new 200-million-euro subsidization program being prepared by the relevant environment and energy ministry will reportedly be unveiled next year, aiming to partially offset homeowners’ energy-saving…
By L. Karageorgos
[email protected]
A trio of ferry boat transactions were reported this week in Greece’s coastal shipping sector, purchases by smaller operators.
Levante Ferries, a subsidiary of ATHEX-listed Newsphone…
Goldman Sachs weighed in on the Bank of Greece’s (BoG) recently announced plan to better tackle “bad debt” afflicting Greece’s four systemic banks, while nevertheless avoiding a forecast on how…
The Hellenic Replublic Asset Development Fund (HRADF), Greece’s privatization agency, on Monday announced that it has received a binding offer from an investment scheme comprised of several companies for the…
By Vassilis Kostoulas [email protected]
Increased concern that the Tsipras government’s “over-performance” in terms of meeting creditor-mandated annual primary budget surpluses is asphyxiating the “real economy”, and impeding a genuine recovery…
Police in the extreme northern prefecture of Florina are investigating the uprooting of 105 concrete border markers that delineate the frontier between Greece and the former Yugoslav Republic of Macedonia…
Sunday evening’s surprise announcement by ATHEX-listed Eurobank that it is absorbing Grivalia properties – with the approval of the latter’s board of directors, as well – direclty aims to reduce…
