The European Central Bank’s (ECB) governing council on Thursday lowered an emergency funding cap – the Emergency Liquidation Assistance (ELA) mechanism — for Greek banks by 1.1 billion euros to…
The ECB kept interest rates unchanged, following a Thursday meeting in Frankfurt of the Euro zone central bank’s governing council.
No Greece-linked issues were on the agenda at Thursday’s meeting,…
The Greek statistical service on Thursday announced that the general government primary budget surplus for the first quarter of 2017 reached 529 million euros, down from a surplus of 1.944…
By T. Igoumenidi
An environmental impact study covering the commercial exploitation of the Helleniko site in coastal southeast Athens was unveiled this week for public debate.
The 1,332-page study includes…
By T. Tsiros [email protected]
The Greek government is reportedly fielding low expectations from Thursday’s meeting of the International Monetary Fund’s (IMF) executive board, at least according to off-the-record comments by…
By K. Deligiannis [email protected]
Earlier forecasts of increased interest by private providers active in the domestic electricity market were confirmed on Wednesday with the latest NOME auction, as the majority…
Greece’s environment and energy ministry has reportedly submitted a list to the EU Commission’s competition directorate (DG Comp.) of Public Power Corp. (PPC) lignite-fired units that will be put on…
A very high-profile legal entanglement involving the former head of Greece’s statistical bureau (EL.STAT) appears unending, as a supreme court prosecutor on Wednesday overruled a previous reversal of Andreas Georgiou’s…
Goldman Sachs on Wednesday forecast that still bailout-dependent Greece is unlikely to be re-included in the ECB’s QE asset purchasing program any time soon.
In a latest report on the…
The French embassy in Greece this week announced that it will organize the second Mazinnov forum for innovation in Athens on Nov. 11 and Nov. 12 this year.
The event…
Continued speculation over a return by Greece to bond markets has been punctuated by another “hiccup”, with a Bloomberg dispatch overnight claiming that the International Monetary Fund (IMF) insists that…
By A. Tsimplakis [email protected]
The Cosco-managed Piraeus Port Authority, which operates Greece’s biggest and busiest port, has reportedly agreed, in principle, with union locals representing workers over a new general…
A comprehensive development plan for the Helleniko site, which was submitted by consortium leader Lamda Development, does not include the obligatory transfer of the Athens FIR headquarters or a tram…
By A. Tsimplakis
[email protected]
Greek shipowners and Greek-controlled shipping companies appear more active over the recent period in the second-hand market and new orders sector, apparently judging that brighter prospects…
Greece’s privatization fund (HRADF) on Tuesday afternoon announced that the sale of the landmark Modiano enclosed market in the northern port city of Thessaloniki has been completed, with One Outlet…
By D. Alexaki [email protected]
Next season’s Oktoberfest may possibly be more …anise seed-flavored, as recent figures show that the German market now ranks first worldwide in the consumption of ouzo,…
Video footage emerged of a rampage by self-styled anarchists through Greece’s pre-eminent “high street” on Monday afternoon, as up to 150 people reacted violently after an Athens appeals court ruled…
Greece’s memorandum-mandated Hellenic Financial Stability Fund (HFSF) on Tuesday announced an expression of interest for the position of its non-executive chairperson.
HFSF is managed by two distinct bodies: a three-member…
By Vassilis Kostoulas [email protected]
Swirling speculation in Athens over the past month of a pending return by the Greek state to capital markets, in the wake of the second review…
By N. Bellos [email protected]
The issue of employment in Greece – and its opposite expression, unemployment -suddenly shot to the political limelight in the country this week, particularly after comments…
The Bank of Greece (BoG) this week announced that tourism arrivals in April 2017 were up by 12 percent compared with the corresponding month in 2016, with the quarterly figure…
Bank of Greece (BoG) figures this week showed that the number of credit cards issued by Greek banks dropped to 2.6 million in 2016, down by roughly 100,000 compared with…
A high-resolution camera drone has offered some of the latest – and thoroughly stunning – images of a well-known place-name in Greek mythology, snapping “bird’s eye” photographs of the Acheron…
An interview by International Monetary Fund (IMF) Managing Director Christine Lagarde, initially broadcast at the end of 2015 by the broadcaster France 2, this week revisited the chaotic negotiations in…
A statement by a government source circulated through the state-run national news agency on Monday again deflated the prospect of a pending return of the Greek state to capital markets…
The annualized inflation rate in Greece for June 2017 was recorded at 0.9 percent, down from 1.5 percent in the previous month, May 2017, according figures released on Monday by…
A long-expected framework allowing for the restructuring of arrears owed by private sector companies to the Greek state was finally unveiled late last week via publication in the government gazette,…
A Turkish survey and hydrocarbons research ship continues to sail within Cyprus’ exclusive economic zone (EEZ), according to the latest reports from the island republic on Sunday.
According to the…
A Turkish frigate, identified as the Gökçeada, was reportedly shadowing a survey ship commissioned to begin exploratory drilling in block 11 of Cyprus’ exclusive economic zone (EEZ), part of Ankara’s…
A moderate 5.3 on the Richter scale earthquake was recorded in at 23.30 (21.30 GMT) on Saturday evening in a sea region off the large island of Crete.
The quake…
