The European Central Bank on Thursday lowered its Emergency Liquidity Assistance (ELA) cap on the amount that Greek banks can draw from the Bank of Greece (BoG) by 1.1 billion…
A controversial draft bill on higher education attracted shrill criticism by the opposition in Greece this week, as two of the “highlights” in the legislation essentially restore a blanket university…
A draft amendment will be tabled in Parliament on Friday morning that includes the remaining “prior actions” demanded by Greece’s creditors in order to finally conclude the utterly delayed second…
The head of the EuroWorking Group Thomas Wieser appeared absolutely confident over the prospects of a conclusion to the long-delayed review of the Greek program being achieved at the coming…
A return to the markets for Greece’s borrowing needs and a need to send international investors a “positive message” are the primary arguments now being circulated lined by the Greek…
A competing flurry of leaks and statements by nameless sources in Berlin and Athens, respectively, continued on Wednesday, with Reuters quoting Greek government sources as saying the country could return…
The GEK Terna construction group on Wednesday announced quarterly consolidated sales of 262.4 million euros, down from 281.9 in the corresponding quarter of 2016.
The group’s EBITDA reached 68.9 million…
Greece’s privatization fund (HRADF) on Wednesday announced an international tender for the commercial exploitation of a tract of land in northern Corfu, the well-known Ionian island destination.
The property is…
Greek Prime Minister Alexis Tsipras on Wednesday received former US vice-president Joe Biden at the Maximos Mansion government house.
Regional developments, the Cyprus issue, energy matters and bilateral Greek-US economic…
By G. Kanoupakis [email protected]
Motor Oil president Vardis Vardinogiannis, one of Greece’s most influential industrial and business leaders, on Thursday reiterated during a group shareholders’ meeting that the refinery and…
The Organisation for Economic Co-operation and Development (OECD) on Wednesday was the latest international institution to lower its annual growth forecast for crisis-battered Greece, putting the figure for the current…
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…