Eighteen former executives of the Siemens parent company and its subsidiary in Greece have been indicted on felony charges related to an ill-fated contract for the purchase and activation of…
Yet another meeting of a culture ministry-affiliated council, which is tasked with approving a master plan and environmental impact study for the biggest real estate development plan in Greece to…
Greece fell a spot in the World Economic Forum’s global competitiveness report for 2017-18, winding up in the unenviable – for a Eurozone and EU member-state – ranking of 87th…
Deputy prime minister Yannis Dragasakis on Wednesday reiterated that a closely watched real estate development, billed as one of the biggest or biggest in Europe currently, will proceed as planned,…
The northeast Aegean island of Samothrace was declared in state of emergency late Tuesday after torrential rains hit the island, causing widespread flooding and related property damage.
Vehicles were swept…
A shortfall in projected revenues from income taxes and corporate taxes on individual taxpayers and businesses, respectively, widened by 216 million euros in August, Greece’s finance ministry announced this week.…
By D. Alexaki [email protected]
High annual losses and melting domestic consumption were cited by ice cream-maker Froneri Hellas this week as the reasons behind a decision to close its production…
Greece’s four systemic lenders will undergo “stress tests” before the current bailout program for the country ends in August 2018, if statements by two top European leaders on Monday are…
The Cosco-managed Piraeus Port Authority (PPA) on Monday announced higher profits and turnover in its H1 2017 results.
Specifically, turnover reached 520 million euros over the first six months of…
Main opposition New Democracy (ND) continued to field a double-digit percentage point lead over ruling SYRIZA in the latest poll, which was unveiled on Monday evening.
Specifically, center-right ND picked…
Eurogroup chairman Jeroen Dijsselbloem on Monday brought to Athens his message of a “clean exit” for Greece from its bailout program, in comments during a succession of meetings with Greek…
The head of an investment group founded by a well-known Greek-American financier, which dominates a consortium that purchased Greece’s biggest insurance company last June, this week stated that investing in…
By L. Karageorgos [email protected]
Hotels in Greece are subject to the second highest business tax rates, compared to the sector’s direct competitors in the wider geographical region, with units in…
Former US Treasury Secretary Jack Lew will stress that fiscal improvement by Greece over the last few years lays the foundations for much needed future growth, while at the same…
By P Kakouris [email protected]
The continued supervision, by institutional creditors, of the Greek state’s finances over the coming decades appears clearly on the horizon, as stipulated in a 2013 EU…
Visiting Eurogroup chairman Jeroen Dijsselbloem will meet in Athens on Monday with main opposition New Democracy (ND) president Kyriakos Mitsotakis.
The meeting is set for the afternoon.
Earlier, the ND…
The latest front-page grabbing political furor in Greece involving the controversial defense minister revolves around reports that Panos Kammenos’ recent trip to London included a sortie at an upscale casino’s…
By T. Tsiros [email protected]
Negotiations between the Greek government and creditors’ top auditors over fiscal targets and figures for 2018 and will begin in the second half of October, by…
Greece’s exit from the bailout memorandums – set for August 2018 – is a common goal for Athens and its European partners, Eurogroup chairman Jeroen Dijsselbloem was quoted as telling…
Main opposition New Democracy (ND) party leads ruling SYRIZA by nearly 10 percentage points, in the latest opinion poll results unveiled over the weekend, with the extrapolated results giving the…
A relevant alternate foreign minister for international relations on Saturday pointed to “fake news” in denying local press reports over the past 24 hours, which charged that Qatar-linked investments and…
Greece’s Regulatory Authority for Energy (RAE), the independent electricity market regulator in the country, has approved off-set measures worth 134.5 million euros to alternative suppliers to cover their losses from…
By J. Kanoupakis [email protected]
The so-called “grey” or “black” economy in Greece, along with smuggling of certain highly taxed commodities, like fuels, remains a major problem, despite recent efforts by…
Two consortia have proceeded to a second phase in a tender to purchase 66 percent of Greece’s natgas grid operator (DESFA): Snam S.p.A., Enagás Internacional S.L.U., Fluxys S.A. and N.V.…
A finance ministry department has suspended the lease granted to a well-known beachfront restaurant and nightclub on the jet-setting island of Mykonos to commercially exploit the equally eponymous beach where…
By J. Kanoupakis [email protected]
Greece’s industrial decline over the past three decades is neatly summed up by the fact that domestic production – excluding exports – covers only 26 percent…
The Thermi Taneo venture capital fund (TTF) this week announced an agreement to set photo-voltaic parks in Greece with a total capacity of 7.5MW to China-based SPI Energy Ltd.
According…
Construction of the underwater portion of the Trans Adriatic Pipeline (TAP) will begin in 2019, according to the project managing director Luca Schieppati, who was quoted by the Azeri news…
Reuters on Thursday quoted Piraeus Bank CEO Christos Megalou as saying that ” internal control deficiencies” that were revealed in a recent Bank of Greece audit have been “rectified”.
“The…
Greek authorities this week announced that nearly 2,800 third country nationals landed on various northern and central Aegean islands in September, a development that marks an uptick in the number…
