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…
The first snowfall of the 2017-18 season in Greece was reported over the weekend at the Nymfeo (Nymfaio) district of extreme northern Greece, in Florina prefecture, as the first mountain…
Main opposition New Democracy (ND) leader Kyriakos Mitsotakis stayed “on message” on Sunday by reiterating his pledge for tax breaks towards the business sector and a reduction of Greece’s indirect…
By N. Bellos [email protected]
The dates and time-frame for concluding the third review of the ongoing Greek bailout program were more-or-less fixed this month, as creditors’ auditors are set to…
Violations of Greek airspace by Turkish warplanes continued on Friday unabated, with nine specific violations reported by 10 different aircraft in the north, central and southeastern Aegean.
According to Greek…
The latest grassroots protests this week blocking the auction of foreclosed real estate in Greece generated an uncharacteristically sharp reaction by the association representing notaries in the greater Athens area,…
The latest grassroots protests this week blocking the auction of foreclosed real estate in Greece generated an uncharacteristically sharp reaction by the association representing notaries in the greater Athens area,…
By K. Deligiannis [email protected]
An energy and environment ministry draft bill aims to liberalize the low temperature geothermal sector in the country, especially towards boosting its use in the agriculture…
Fraport Greece on Friday announced an 11.4-percent increase in passenger traffic at the 14 regional airports it manages around the country for September 2017, or 4.2 million passengers in absolute…
By A. Tsimplakis
[email protected]
The southern Aegean region (Cyclades islands), Crete, the central Macedonia province in northern Greece, the greater Athens area (Attica prefecture) and the Ionian islands are, as…
By A. Tsimplakis [email protected]
Mediterranean operators Attica Group and Grimaldi are apparently in the first stages of a “public discussion” over the future of Hellenic Seaways (HSW), given that coastal…
Passenger traffic at Athens’ Eleftherios Venizelos international airport increased by 7.8 percent in September 2017 (yoy), as 2.29 million passengers passed through its gates.
The increase is due to higher…
By A. Tsimplakis [email protected]
The Privinvest shipyards group is expecting compensation from the Greek state of between 150 to 200 million euros, following to a ruling in favor of the…
The Bank of Greece (BoG) on Thursday announced that the governing council of the ECB acquiesced to a reduction of the ELA ceiling for Greek banks by one billion euros.…
The Bank of Greece (BoG) on Thursday announced that the governing council of the ECB acquiesced to a reduction of the ELA ceiling for Greek banks by one billion euros.…
(AMNA) – Eurobank on Thursday announced it has entered into an agreement with Intrum to sell a non-performing loan portfolio of total unpaid principal worth 1.5 billion euros, of which…
The European Commission on Thursday weighed in on the increasingly difficult course of clearing licensing and bureaucratic hurdles faced by the landmark Helleniko real estate development project in Greece.
Speaking…
Athens will reportedly hand creditors relevant General Accounting Office data in the next few days confirming that a major portion of arrears to the private sector – totaling 1.2 billion…
The government and tax bureau believe that eight out of 10 businesses controlled by Greek interests in neighboring countries are “clearly shell companies”, deputy finance minister Ekaterini Papantsiou said recently…
The “Whac-A-Mole-like” legal and bureaucratic hurdles faced by the landmark Helleniko privatization continued on Wednesday with the first legal arguments heard in a lawsuit by 10 plaintiffs demanding that more…
International asset manager BlackRock painted a very rosy investment forecast for recession-battered Greece this week, referring to the country as “resurgent”, and that a successful recent market foray and pending…
Athens-based Lamda Development, the lead company in the international consortium that won the massive land development concession for the Helleniko site, on Wednesday issued a guarded reaction to a decision…
By S. Papapetros [email protected]
A spike in the number of wage-earners remunerated with “borderline poverty” salaries, an improvement in the job market due to a reduction of unemployment but with…
The head of Greece’s privatization agency (HRADF) on Wednesday said the previous evening’s decision by a culture ministry-affiliated council – designating roughly 30 hectares of the Helleniko land development project…
Greece’s competition commission this week handed down hefty fines against several cosmetics companies – including well-known multinationals – for allegedly engaging in cartel-like pricing and distribution practises.
The fines were…
By G. Kouros [email protected]
The draft budget tabled in Greece’s Parliament on Monday confirms the imposition of an additional one billion euros in tax burdens for taxpayers and consumers in…
Bond issues worth five billion euros within 2018 are foreseen in the draft budget for the year, which was tabled in Parliament on Monday.
Such a prospect would increase…
