Turkish tourists to the eastern Aegean island of Samos increased dramatically in April and May 2017, compared to the corresponding period of 2016. Specifically, 2,093 Turkish nationals visited the island…
Six well-known Greek food products, which currently enjoy protected designation of origin (PDO) in Europe, are included in a list to be deliberated in negotiations as part of a bilateral…
Uncertainty in tandem with expected benefits from the looming implementation of an out-of-court settlement framework for outstanding bank loans – itself a memorandum-mandated prior action – apparently increased the mountain…
Grexit isn’t off the table and everything depends on Greece, former EU Commission president José Manuel Barroso said in Athens on Tuesday, while addressing the Concordia Summit’s European conference, which…
A Euro Working Group teleconference previously scheduled for Wednesday was called off on account of 10 out of 140 “prior actions” – which Athens must implement in order to conclude…
The Bank of Greece (BoG) on Tuesday unveiled targets for non-performing exposures (NPEs) in the country, while noting that the Olympus-sized “mountain” of exposures in the crisis-battered country fell by…
Associations representing notaries in Greece on Tuesday announced that members will be allowed to legally participate in property auctions around the country, set for Wednesday, for foreclosed real estate objectively…
By T. Tsiros [email protected]
Higher consumption in the first quarter of 2017, compared with the same period in 2016, along with an apparent spike in investments in the crisis-bedeviled country…
Greece’s embassy in Doha, Qatar will assume the diplomatic representation of Egypt in the Gulf country, the Greek foreign ministry announced on Monday.
The announcement came after the Greek and…
IMF chief Christine Lagarde offered something of a compromise on Monday to overcome the current “tug-of-war” between the Fund and European creditors – primarily Germany – over the Greek bailout,…
Donald Trump’s controversial decision last week to pull the United States out of the landmark Paris climate change agreement found an ally in Greece: the union representing workers of the…
Police in Athens are investigating a grisly case involving the discovery of 21 female uteruses left in two plastic bags near the city’s main train station.
An anonymous caller notified…
Reuters circulated a report on Friday afternoon citing what it called a German finance ministry calculation holding that a rescheduling of interest payments on Greek bailout loans until 2048 will…
Greek authorities on Friday completed the evacuation of nearly 400 foreign nationals who had been temporarily hosted at disused facilities at the one-time Athens airport, located at the coastal Helleniko…
The head of Greece’s influential shipowners’ union on Friday said this week’s high-profile criticism by German Finance Minister Wolfgang Schaeuble, who claimed the iconic sector did not contribute its fair…
PwC this week said Greece needs a whopping 268 billion euros in capital by 2020 to fund all types of investment in business, infrastructure, property purchases and the agricultural sector.…
The increasingly beleaguered Tsipras government is now reportedly looking towards the prospect of a summit of Euro zone countries, in the wake of a widely reported statement – quoting an…
The Greek economy returned to growth in the first quarter of 2017, by 0.4 percent, overturning a recently revised forecast which pointed to a 0.5-percent downturn, on an annualized basis.…
By T. Tsiros [email protected]
What was billed as a year of economic recovery, with institutions’ forecasts reaching up to 2.7 percent of GDP growth in 2017, has gone off track…
A barrage of statements, assessments and policy points that suddenly emerged from Berlin this week regarding the Greek program appears to have dampened expectations by the Tsipras government – as…
By C. Deligiannis
The Mytilineos group on Thursday announced an investment reaching 400 million euros for its aluminum production complex at the Aspra Spitia site, in south-central Greece, on the…
German Finance Minister Wolfgang Schaeuble on Thursday again firmly entered the fray in terms of the Greek program, saying that although progress has been achieved, Greek leadership has nevertheless put…
Top German economist Lars Feld on Thursday told participants at an Economist conference in Frankfurt that he believes German Finance Minister Wolfgang Schaeuble will not back down in negotiations with…
German financial daily Handelsblatt on Wednesday pointed to a French proposal to link Greek debt relief with the rate of economic growth in the still recession-battered country.
The Frankfurt-based paper…
Bloomberg on Wednesday quoted “officials involved in negotiations” over the increasingly gasping Greek bailout program as stressing that no substantial improvement is expected at a coming Eurogroup meeting over a…
By G. Hatzilidis [email protected]
The crisis-battered Greek economy fell one spot on the annual global competitiveness rankings compiled by the International Institute for Management Development (IMD), dropping from the already…
The relevant shipping minister this week promised to push through Parliament at least 10 concessions in ports around the country for infrastructure and services dealing with the cruise ship sector,…
By J. Kanoupakis [email protected]
Greek exports, including refined fuel products, increased by 20.3 percent in value over the first quarter of 2017 to reach 6.79 billion euros, up from 5.56…
A special study by Athens-based lender Eurobank has calculated that the current framework in place for Greek debt relief, as decided during a May 2016 Eurogroup, may not be sufficient…
The body of former prime minister Constantine Mitsotakis was flown to the large island of Crete on Wednesday aboard a military transport plane, as a burial service will follow on…
