One of the more eyebrow-raising news items out of Greece this week is noted Greek-French director Costa-Gavra’s announcement that he’ll turn a best-selling book by controversial former Greek finance minister…
By V. Kostoulas [email protected]
IMF sources pointed directly to paragraph 14 of a July 2017 staff report, which was published when an agreement, in principle, between Athens and the Fund…
Another round of auctions of foreclosed upscale property was interrupted by protestors this week, according to associations representing notaries in the country, a week after the latter promised to publicize…
By T. Igoumenidi [email protected]
A special purpose vehicle (SPV) company acting on behalf of international asset manager BlackRock is reportedly unwilling, in the present phase, to fulfill additional commitments requested…
The Greek government and the country’s four systemic banks have reportedly come to a “gentlemen’s agreement” whereby property valued – objectively – at below 300,000 euros is excluded from looming…
A 5 on the Richter scale earthquake was recorded at 01.49 local time (23.49 GMT) near the west-central Aegean’s Sporades island chain. The quake’s epicenter was 33 kilometers northwest of…
By G. Kampourakis
Athens will reportedly hold a “wait-and-see” attitude in the face of Wednesday’s negative IMF forecasts for primary budget surpluses that the Greek state must post this year…
A revised forecast by the IMF on Wednesday that the memorandum-mandated primary budget surplus by the Greek state will only reach 1.7 percent in 2017, as a percentage of GDP,…
A relevant minister on Wednesday more-or-less skirted around criticism that yet another major real estate project in the greater Athens area is being blocked by proverbial Greek bureaucratic “red tape”,…
Greek households reduced overall spending in 2016 compared to 2015, with expenditures for food and housing nevertheless increasing.
The figures were released by the country’s independent statistics authority (EL.STAT).
Spending…
National Bank on Tuesday returned to international capital markets for the first time since 2014, selling a 750-million-euro covered bond.
The three-year bond, rated single B by Fitch, includes a…
By T. Tsiros
[email protected]
A revision, downwards, of the IMF’s forecast for Greek GDP growth this year – from 2.2 percent to 1.8 percent – comes a week before the…
Members of a particularly active group of self-described anarchists in Athens have reportedly burst into the Spanish embassy in downtown Athens on Wednesday morning and occupied the building.
The protesters,…
Νet interest income earned from Greek securities by the Eurosystem national central banks (NCBs) under the Securities Markets Programme (SMP) amounted to 7.8 billion euros over the period 2012-16, European…
A law allowing Greek citizens the right to change their gender identity on official documents was passed on Tuesday by 171 lawmakers in the 300-MP Parliament, amid heightened criticism that…
The IMF issued a revised forecast of 1.8 percent for Greek GDP this year, ahead of next week’s autumn meetings in Washington D.C.
The Fund’s forecast for 2018 is 2.6…
Greece’s balance of travel services increased by 8.5 percent over the January-June 2017 period, compared to the corresponding months of 2016, according to figures released on Tuesday by the Bank…
The harmonized inflation rate in Greece for September 2017 was up by 0.6 percent, compared to the previous month of August 2017, according to figures announced on Tuesday by the…
Greece’s main social security fund, renamed the Unified Agency for Social Insurance, this week announced that it has allocated 1.439 billion euros in 2017 for more than 183,000 new pensions…
Creditors’ top auditors will return to Athens on Oct. 23, according to a schedule announced after Monday’s Eurogroup meeting, with chairman Jeroen Dijsselbloem saying all sides involved want the upcoming…
By G. Kouros [email protected]
Data supplied by Greece’s independent public revenues authority last week showed that roughly one out of five businesses checked by tax inspectors in the first eight…
Upgrades at the airport on jet-setting Mykonos are set to begin next month, according to an announcement by Fraport Greece, the consortium that has assumed its management for the next…
Greece’s central banker referred to a “strong personality” in describing outgoing German Finance Minister Wolfgang Schaeuble on Monday, as the influential politician is set to step down in order to…
More than 140 representatives of the Greek shipping community attended an event showcasing a 21st century ship management, at an event hosted by V.Ships Greece last week at the Stavros…
Behind-the-scenes maneuvering continued on Monday ahead of the tabling of a controversial gender recognition bill, a politically sensitive issue that has momentarily diverted debate and media attention in the still…
Wolfgang Schaeuble sternly defended Berlin’s stance vis-a-vis the Greek crisis, which culminated in a third memorandum in the summer of 2015, speaking to FT ahead of his 113rd and last…
The Greek government must implement no less than 27 “prior actions” involving privatizations, called “key deliverables” by the EU Commission, by the end of December in order to meet a…
German tourism giant TUI announced this month that it’s eyeing the purchase of 10 new hotel units in Greece, on the back of already accounting for no less than 2.5…
Greece’s balance of trade deficit reached 14.78 billion euros over the Jan-Aug 2017 period, up from 12.27 billion euros over the same period in 2016, an increase of 20.4 percent.…
A growing inability of taxpayers in Greece to meet rising tax rates was highlighted last week in an Alpha Bank analysis, with the Athens-based lender warning that this is a…
