Northern Greece cigarette manufacturer SEKAP, a previously state-run and debt-laden tobacco cooperative, is again reportedly on the path towards insolvency after an administrative appeals court in the town of Komotini…
Eight new tax and revenue measures are only days away from being implemented in still bailout-dependent Greece, with the target being another 951 million euros for state coffers in 2018.…
Greek Prime Minister Alexis Tsipras departed over the weekend for Belgrade, where he will spend the Christmas holiday with his family, after accepting an invitation by Serbian Prime Minister Aleksandar…
A Christmas Day earthquake was recorded at 07.13 local time (05.13 GMT) east of the eastern Aegean islands of Lesvos (Mytilene) and Hios (Chios), measuring 4.7 on the Richter scale,…
A notorious self-styled anarchist group took advantage of the Christmas Day lull to carry out a “symbolic attack”, using paint, against the Israeli embassy in Athens. The incident took place…
Resurgent diplomatic activity and press speculation over prospects for a solution to the lingering “name issue” generated the latest end-of-year toxic standoff between the leftist-rightist coalition government and the center-right…
Greece’s newly unveiled “tax receipt lottery” held 10 drawings on Sunday evening, Christmas Eve, with 10,000 winning taxpayers due to receive 1,000 euros each, part of the finance ministry’s and…
A necessary presidential decree was signed on Friday evening, amid much fanfare and in the presence of Prime Minister Alexis Tsipras, for the major real estate project in the coastal…
The first full-blown winter storm of the season left much of mountainous central and southern Greece covered in snow on Friday, with showers and drizzle forecast elsewhere in the country.…
Nine-month results for state-run and bourse-listed Public Power Corp. (PPC) revealed a drop in profitability, with EBITDA reaching 392.4 million euros, down 37.8 percent, compared to the same period in…
By J. Kanoupakis
[email protected]
This year’s mid-December holiday weekend for retail turnover in the center of Athens was down by nearly 60 percent, compared to the same weekend in 2016,…
A powerful bomb blast was reported at the entrance of Athens’ appeals court complex in the early morning hours on Friday, with television footage showing damage to the building.
According…
A closely watched amendment prescribing the automatic prosecution of anyone blocking the auction process or court officers taking part in property auctions was passed on Thursday evening, after initial opposition…
The leftist-rightist coalition government appears set to finally liberalize the pharmacy sector in Greece, as the relevant health ministry is resubmitting an almost identical joint ministerial decision, dating to early…
Greek lender Piraeus Bank on Thursday announced an agreement with J.C. Flowers & CO (JCF) to sell the latter its share capital in a Romanian subsidiary, Piraeus Bank Romania S.A.…
The Olympia group and VNK Capital, via their joint investment vehicle, Voxcove Holdings, on Thursday acquired a 12.8-percent stake in Athens-based Lamda Development, the biggest property developer in Greece.
In…
A contract selling a 67-percent stake of the Thessaloniki Port Authority (OLTh) and transferring its management was signed on Thursday between Greece’s privatization agency and a consortium comprised of Deutsche…
The issue of a looming liberalization in the regime governing the opening and operation of pharmacies in Greece, which for decades was one of the more protected of the so-called…
Government sources railed, unofficially, against Bank of Greece Gov. Yannis Stournaras on Thursday afternoon, hours after the country’s central bank issued an interim report on monetary policy that welcomed the…
The Bank of Greece (BoG) on Thursday announced figures for the country’s current account balance, with a relevant deficit nearly doubling on a year-on-year basis, reaching 624 million euros in…
The Bank of Greece’s monetary report on Thursday pointed to positive expectations for the Greek economy and the country’s fiscal front, after eight years of “painful” adjustment.
The report is…
Reports by “N” this week were confirmed on Wednesday with the publication of a joint ministerial decision foreseeing another one-off welfare bonus to a specific “at risk” group in the…
A video using drone footage provides a “Birdseye” view of the old Athens airport at the southeast coastal Helleniko district, which for 60 years served as the Greek capital’s commercial…
By S. Papapetros [email protected]
Highlights of an annual report by a relevant labor ministry show an increase in the number of businesses in recession-battered Greece by a little more than…
Authorities raided an illegal distillery in central Fthiotida prefecture this week and seized nearly 105,000 liters of bootleg tsipouro, a strong and clear distilled spirit produced from the pomace of…
The European Investment Bank (EIB) on Wednesday announced it was backing renewable energy generation on various Greek islands and the mainland through a new investment program implemented by state-run PPC.…
A draft amendment tabled in Parliament on Wednesday afternoon foresees the automatic prosecution (proprio motu) against anyone targeting a court officer participating in a property auction with simple assault or threats of…
A controversial tax on “surplus profit” from real estate transactions will again, in all probability, be suspended for coming year. The Tsipras government had previously announced that it would again…
Margetis Maritime Consulting this week announced the establishment of an office in Dubai (UAE), with Capt. Anil Agarwal to serve as the regional manager.
Agarwal, a master mariner with more than 15 years of…
By K. Deligiannis
[email protected]
The management for Hellenic Petroleum (Hel.pe) is pointing to a banner year for the Greek petrochemicals group in 2017, with the forecast for EBITDA easily surpassing…
