Athens-based lender Piraeus Bank this week said a restructuring plan – with an aim to significantly lower operating costs – includes a reduced workforce, fewer branches around the country and…
The Public Power Corp. (PPC), the dominant power utility in the country, on Thursday said arrears owed by consumers were reduced by 2.2 billion euros over the first two-months in…
Greece’s privatization fund (HRADF) on Wednesday announced its intent to hire a financial adviser for the sale of its stakes in the Athens Water Supply and Sewerage Co. (EYDAP S.A.)…
By S. Papapetros [email protected]
Labor ministry sources this week maintained that an agreement, in principle, announced last Friday on the margins of a Eurogroup meeting in Malta does not include…
Parliament debate on Wednesday over yet another proposal for a high-profile committee of inquiry was the venue where main opposition leader Kyriakos Mitsotakis scathingly charged that the leftist coalition government…
By L. Karageorgos [email protected]
The leadership of the association representing coastal shipping operators in Greece (SEEN) met with the Cosco-controlled management of the Piraeus Port Authority (OLP) on Tuesday, with…
Greece occupies an unenviable “first place” among the 20 Organisation for Economic Co-operation and Development (OECD) member-states that increased tax and social security contributions on work-related incomes for 2016, according…
Greek Prime Minister Alexis Tsipras on Wednesday received the leadership of Fraport Greece, a day after the consortium began assuming the management of 14 regional airports around the country –…
International Monetary Fund (IMF) Managing Director Christine Lagarde this week repeated the Fund’s standing line of a necessity for debt relief to be extended to Greece, while adding that interventions…
The annual sports-themed “Navarino Challenge” at the state-of-the-art Costa Navarino resort complex in extreme southwestern Greece is set for Oct. 13 through Oct. 17 this year, with the support of…
By F. Zois [email protected]
A bid for a new airport at the Kastelli site on Crete, in Iraklio (Herakleio) prefecture, was substantially lower than originally forecast, with a Greek-Indian consortium…
The Hellenic Bank Association (EET) on Tuesday said an out-of-court settlement framework should be limited to businesses entities that owe a minimum of 50,000 euros in arrears, whereas a “suspension…
The state’s arrears to the private sector jumped in February 2017 to 3.792 billion euros from 3.559 billion euros in the previous month, January 2017.
At the same time, according…
Athens-based lender Alpha Bank on Tuesday announced the sale of its Serbian subsidiary, Alpha Bank Srbija A.D., to AIK Banka A.D. Beograd.
The sale involves 100 percent of the Serbian…
The ECB’s emergency liquidity assistance (ELA) towards Greek lenders dropped by 700 million euros March 2017, compared to the previous month, the Bank of Greece announced on Tuesday.
The figure…
By F. Zois [email protected]
Monday marked a milestone for Greece’s air transport sector and the state itself, as the transfer of 14 regional airports’ management to Fraport Greece commenced and…
The Greek government’s efforts boost employment in the recession-battered EU and Eurozone member-state country have reportedly included the possibility of securing World Bank lending in order to continue and expand…
The German financial daily Handelsblatt on Monday offered up a pessimistic view of the current economic situation in Greece, saying the country will need a fourth bailout program.
Under a…
Greece’s main opposition party continued to field a double-digit lead over the ruling leftist party in the latest opinion poll, which was aired on Monday evening.
Center-right New Democracy (ND)…
By A. Tsimplakis [email protected]
The Greek tourism sector’s continuing efforts to attract more Chinese tourists hinge, according to experts, on increasing the scope and number of so-called “Chinese-friendly” holiday packages…
The increasingly beleaguered Greek government on Monday afternoon again maintained, albeit in an unofficial manner, that it will take new austerity measures “only after the implementation of medium-term debt relief”,…
By S. Papapetros [email protected]
Pension rates in crisis-battered Greece are set for another round of reductions in 2019, a downward trend that commenced with the advent of the economic crisis…
Thirteen top cadres and deputies of ruling SYRIZA party on Sunday requested snap elections, amid a pending agreement that envisions more austerity measures in 2019 and 2020 — mainly pension…
Greece’s privatization fund (HRADF) on Monday announced that it is seeking an international consultant in the prospective sale of the state’s stake in Hellenic Petroleum (HEL.PE) group, the biggest refinery…
A German finance ministry spokesperson on Monday said the Greek government must first implement agreed-to reforms – as negotiated with institutional creditors – before whatever relief measures for the Greek…
Greece’s embattled leftist prime minister on Sunday called negotiations in the run-up to an agreement, in principle, with institutional creditors “difficult and with ups and downs”.
The Greek side on Friday…
German President Frank-Walter Steinmeier on Friday expressed his appreciation over the efforts and courage shown by Greece, as he said, over the recent period in meeting bailout program targets.
His comments…
A top Greek minister on Saturday cast a shadow over a massive real estate redevelopment project that’s one of a handful of landmark privatization and investment schemes that serve as…
Greece’s dominant power utility, the Public Power Corp. (PPC), returned to profitability in 2016 after reporting disappointing results in 2015. PPC, which is listed on the Athens Stock Exchange (ASE),…
Greece’s privatization fund (HRADF) this week requested improved offers from three consortia that submitted binding bids last week for a 67-percent stake in the Thessaloniki Piraeus Authority (OL.Th).
The three…
