Four out of 10 small-to-micro businesses in Greece are expected to transfer their commercial activities to the so-called “grey” or “underground economy” over the coming period due to a consolidation…
The soon-to-begin process to conclude the third review of the ongoing Greek bailout program dominated talks in Brussels on Tuesday between EU Commissioner Pierre Moscovici and Greek Finance Minister Euclid…
Greece’s finance ministry on Tuesday evening dismissed a same-day press report claiming that representatives at the previous day’s Euro Working Group blocked the disbursement of an 800-million-euro sub-tranche of ESM…
An EU Commission spokeswoman on Tuesday reiterated that “Greek banks are well-capitalized and the priority is to address the issue of non-performing loans” in the country, in reply to a…
EU Commissioner Pierre Moscovici on Tuesday reiterated his criticism of a “democratic deficit” in the Euro zone, warning that the common currency area must reform itself on the basis of…
The Greek state’s arrears to the private sector reached 5.435 billion euros by the end of July, an increase of 342 million euros from the total at the end of…
The Greek government reportedly got a “first taste” of Euro zone partners’ mood heading into negotiations for the third review of the ongoing Greek bailout program, during Monday’s Euro Working…
By F. Zois and S. Zisimos
The third official visit to Athens by a different French president over the crisis years in Greece – set for Thursday – is viewed…
The Line Group last week signed a MoC with the Greek-Chinese chamber of commerce, following the former’s agreement with Internet sales giant Alibaba to participate in its Global Service Partnership.…
Main opposition leader Kyriakos Mitsotakis on Monday met with Hellas Gold workers in northern Greece, warning that the company’s mining operation at the Skouries site is threatened due to the…
A European Commission spokesman on Monday downplayed a very high-profile quip over the weekend by EU Commissioner Pierre Moscovici regarding a “scandal of democratic procedures” involving the Greek bailout program.…
The American Statistical Association (ASA) is the latest well-known institution to come to the defense of the former head of Greece’s Hellenic Statistical Authority (EL.STAT), Andreas Georgiou, reminding Prime Minister…
A most recent EY study shows a rising optimism and disposition by companies in Greece to proceed with mergers and buy-outs.
The result was included in the 16th edition of…
By G. Palaitsakis [email protected]
No less than 95 out of 113 “prior actions” listed in the ongoing third bailout memorandum must be fulfilled by the current leftist-rightist Greek government by…
By A. Tsimplakis [email protected]
Greece is enjoying what’s being billed as the best tourism season ever, nevertheless the cruise ship sector is apparently not keeping up and, in fact, is…
A consortium comprised of Olympia Group SA and Virtus International Partners LP has purchased the Avis Rent-a-Car’s master franchise for Greece and the Payless franchise for the country, following the…
The snail-like process to finally establish a functional and unified land registry (cadastre) throughout Greece posted a rare success this week, with the municipality of Piraeus, the third largest in…
By S. Papapetros [email protected]
A closely watched agenda of issues in upcoming negotiations to conclude the third review of the Greek bailout program will be labor market reforms, given the…
Leftist Greek Prime Minister Alexis Tsipras picked the Sunday anniversary of the establishment of one of his political adversaries to shake up the usually languid end-of-summer political landscape in the…
Greece’s influential central banker was quoted on Sunday as saying that the IMF should not be persuaded otherwise if it wants to exit the Greek program, fueling speculation ahead of…
By L. Karageorgos [email protected]
A new service called “China-Europe Sea-Land Express Cargo” is billed by Cosco Shipping Lines as cutting transport time for cargo carried by its container ships to…
A 5.2 on the Richter scale earthquake was recorded at 19.48 (17.48 GMT) on Friday afternoon south of the well-known island of Rhodes. The quake’s epicenter was pinpointed at 62…
Growth in the Greece’s recession-battered manufacturing sector posted a nine-year high in August 2017, buoyed by higher demand and greater purchasing activity by consumers.
The relevant index reached 52.2 in…
Greece’s independent statistics bureau on Friday announced that provisional data showed the country’s GDP up by 0.8 percent (on an annual basis) in the second quarter of 2017.
The figure…
By S. Zisimos [email protected]
With negotiations ready to begin this month over the all-important third review of the Greek program, the country’s memorandum-mandated privatization fund (HRADF) must accelerate efforts to…
Greek lender National Bank (NBG) posted flat results for Q2 2017 this week, with trading losses failing to offset a reduction in bad debt provisions. The second largest Greek bank,…
Aristotle Onassis’ legendary super yacht, the “Christina O”, is once again sailing the Aegean’s waters, as the 99-meter vessel was recently spotted off the Peloponnese harbour town of Nafplio, in…
By T. Tsiros [email protected]
Greece’s (third) memorandum obligations again come into the picture, beginning on Monday, with the Euro Working Group serving as the first venue where the country’s commitments…
Greek Economy Minister Dimitri Papadimitriou on Thursday received US ambassador to Greece Geoffrey Pyatt, with talks reportedly focusing on US investors’ interest in Greece, according to a press release issued…
A long-awaited energy exchange is expected to be established in Greece in the first half of 2018, with four separate markets eyed for trade in electricity, including “next-day” sales, spot…
