Greece posted another sizable primary budget surplus for the Jan-May 2018, exceeding the target for the period five-fold. The finance ministry announced that the primary budget surplus for the five-month…
Increases of up to 61.54 percent and reductions of up to 37.5 percent delineate the breadth of new objective tax criteria approved by the finance ministry this week – rates…
An omnibus draft bill containing the remaining “prior actions” and reforms demanded by European creditors to conclude the fourth review of the ongoing bailout was passed by a slim Parliament…
The European Stability Mechanism (ESM) issued a press release in the afternoon confirming that it has released one billion euros in financial assistance to Greece, set for covering the state’s…
Valdis Dombrovskis was the latest European leader, speaking from Athens this week, no less, to express optimism over a comprehensive agreement regarding the Greek program by a June 21 Eurogroup…
Main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Thursday said his party will table a no confidence motion against the Tsipras coalition government in Parliament, immediately following debate on…
ESM Managing Director Klaus Regling on Thursday continued his almost week-long statements regarding the Greek program, speaking in the country, in fact, and reminding that the “final stretch” in its…
The municipality of Piraeus is set to receive 1.977 million euros in the form of countervailing benefits from port and commercial activity by the now Cosco-managed Piraeus Port Authority (PPA).…
Commercial values for apartments in Greece have dropped by an estimated 40 percent since 2007, a couple of years before the punishing economic crisis began.
The massive slide in values…
The Greek government on Wednesday afternoon released the 19-page agreement it has signed with the Zaev government in the former Yugoslav Republic of Macedonia (fYRoM), confirming the previous day’s highlights…
Greece needs more debt relief, especially in the long term, ESM Managing Director Klaus Regling was quoted as saying this week, a statement that coincided with his visit to Athens.…
Wednesday’s meeting in Athens between Greek PM Alexis Tsipras and ESM Managing Director Klaus Regling focused directly on conditions for Greece’s pending exit from the current – and third consecutive…
He also repeated, yet again, that his leftist-rightist coalition government is against the establishment of a precautionary credit line for the country in the post-memorandum period, and will avoid such…
By V. Kostoulas
[email protected]
Any change or revision in agreed to measures for Greece’s social security system, even after the current memorandum ends in August, will have to be decided…
Greece’s alternate economy and development minister on Wednesday assured reporters in Brussels that Athens will fully implement a privatization program in the country, a cornerstone of successful bailout agreements with…
It was main opposition New Democracy (ND) leader Kyriakos Mitsotakis’ turn on Wednesday morning to visit the presidential mansion, a day after Greek Prime Minister Alexis Tsipras briefed the country’s…
A union representing taxi owners in the greater Athens area has called a 24-hour strike for Wednesday, charging that institutional creditors are pressuring the Greek government to lift legal prohibitions…
Βy V. Kostoulas [email protected]
A “cash cushion” currently being accumulated by the Greek state will guarantee the necessary liquidity that a prospective precautionary credit line would offer, a top Eurozone…
Greek Prime Minister Alexis Tsipras has unveiled a “name issue” solution with the former Yugoslav Republic of Macedonia (fYRoM) that entails a composite name with a geographic qualifier for the…
By V. Kostoulas [email protected]
The Greek state’s medium-term financing needs are “manageable”, even without new debt relief measures, a European official assessed this week, ahead of a crucial June 21…
EU Commission Pierre Moscovici again expressed his confidence that all post-memorandum issues affecting the Greek program will be decided at a June 21 Eurogroup, adding that what Greece needs now…
Labor costs in Greece increased by 4.9 percent in the first quarter of 2018, comparied to the same period of 2017, according to the statistics authority, EL.STAT.
The figure is…
The head of the small right-wing party propping up the current mostly leftist Tsipras government on Tuesday repeated that his party’s MPs will not vote for any agreement to resolve…
The relevant deputy social insurance minister on Monday referred to the political “hot potato”, as far as the leftist-rightist government is concerned, of pending pension cuts as of Jan. 1,…
Businesses in Greece’s tourism and food & beverage sector led hirings for a third straight month in May 2018, adding to their payroll for the summer season.
According to an…
IMF Managing Director Christine Lagarde said the Fund will remain engaged in Greece in “some form”, with the framework to be decided after a closely watched June 21 Eurogroup meeting,…
By V. Vegiri & L. Karageorgos
A mini boon in hotel-related investments in Greece continues around the country, with a bevy of upscale units ready to open their doors in…
Greek Foreign Minister Nikos Kotzias on Monday afternoon, hours after a telephone conversation between Alexis Tsipras and Zoran Zaev, said the looming prospect of a solution to the “name issue”…
Several noteworthy deals were reported on the sidelines of last week’s Posidonia maritime exhibition in Athens, including the order of another LNG tanker by the Angelicoussis group’s Maran Gas Maritime…
Israeli Prime Minister Benjamin Netanyahu on Monday received Greece’s main opposition leader, Kyriakos Mitsotakis, who is paying a visit to Israel this week, with talks focusing directly on further boosting…
