By A. Tsimplakis [email protected]
Chinese multinational Cosco, the concession holder of the Piraeus Port Authority (OLP), last week more-or-less confirmed interest in two major shipyards in the wider Piraeus industrial…
By T. Tsiros [email protected]
The margins for achieving a staff-level agreement by Friday’s Eurogroup meeting in Friday became even tighter over the weekend, as essentially no substantive progress was reported…
G. Kouros [email protected]
The embattled Tsipras government is apparently ready to proceed with a significant reduction in the tax-free threshold for annual income in order to meet a standing demand…
The Greek-flagged merchant marine fleet posted a mostly positive result in terms of safety for 2016, with 1,832 vessels on the registry above 100 DWT reporting only 14 maritime accidents.
The…
By I. Zafolia [email protected]
The Athens Stock Exchange (ASE) generated profits of one billion euros over the first quarter of 2017, with the bourse’s capitalization totaling 46 billion euros as…
Greek Prime Minister Alexis Tsipras over the weekend reiterated that his government wants a “comprehensive solution” in negotiations with creditors that includes debt relief measures for the crisis-battered country.
His…
An easyJet plane carrying 184 passengers from London Gatwick to Larnaca on Friday that had to be diverted to a Turkish airport due to poor weather conditions over the east…
Eurogroup chairman Jeroen Dijsselbloem on Friday severely deflated hopes that Athens and institutional creditors will achieve a staff-level agreement by an April 7 Eurogroup meeting in Malta.
Dijsselbloem, speaking less…
By L. Karageorgos [email protected]
Despite a bevy of announcements, proposals and high-profile initiatives for new hotel investment in the greater Athens area over recent years, actual figures show a reduced…
The Greek government on Friday denied same-day press reports claiming disagreements between Prime Minister Alexis Tsipras and Finance Minister Euclid Tsakalotos, amid swirling speculation in Athens over the course of…
A Commission spokeswoman on Friday again merely confirmed that no date was set for a return of creditors’ negotiators to Athens in order to resume talks to finally conclude a…
A controversial deputy education minister, who hails from the small rightist-populist party that serves as the junior coalition partner, on Friday said he “disagrees with everything”, when asked about new…
By N. Bellos
A Euro Working Group meeting in Brussels wound up on Thursday evening without a date set for a return of creditors’ negotiators to Athens in order to…
Both National Bank (NBG) and Alpha Bank, the second and fourth largest lenders in the country based on assets, reported a second straight profitable quarter in Q4 2016.
NBG reported…
Greece has still has returned to “sustainable growth”, influential Bank of Greece (BoG) Gov. Yannis Stournaras said on Thursday, speaking at an Economist conference in Athens.
Moreover, in his now…
Greece’s main opposition leader Kyriakos Mitsotakis on Thursday reiterated the need for structural reforms in the crisis-battered country, during contacts on the sidelines of the European People’s Party (EPP) summit…
Eurogroup chairman Jeroen Dijsselbloem on Thursday warned that a staff-level agreement between the Greek side and institutional creditors has still not been achieved, slightly dampening widespread speculation this week that…
The latest political mini-furor in Athens this week, on the margins of crucial developments regarding the second review of the Greek bailout and efforts for economic recovering, focused on a…
By T. Tsiros & N. Bellos
Fiscal targets, or fiscal “adjustment”, will come in two installment after the end of the current third bailout in August 2018, according to reports…
The Independent Authority for Public Revenues, a memorandum-mandated entity that was inaugurated at the beginning of the year, released findings this week from the application of electronic cross-checking of bank…
Athens-based systemic lender Eurobank reported net earnings of 38.3 euros in Q4 2016, capping off a profitable year, although the figure fell from the previous quarter’s 85 million euros.
On…
By T. Igoumenidi [email protected]
Recovery and recycling of urban waste in Greece reaches only 16 percent of the total, among the lowest percentages in Europe, where the highest levels reach…
European officials on Wednesday conveyed “strong indications” that progress has been achieved between the Greek side and institutional creditors towards reaching a staff-level agreement, the “clincher” in finally concluding a…
Reuters reported on Wednesday that the Greek government has reached an agreement with institutional creditors of labor market reforms, fiscal targets and even energy sector liberalization, with the key date…
Athens will not legislate new measures unless there is an overall agreement with creditors and one that includes the debt issue, the Greek government spokesman maintained on Wednesday.
Spokesman Dimitris…
A top member of the Greek government’s negotiating team in contacts with institutional creditors on Tuesday maintained that only “certain details” remain to be resolved in order to conclude a…
Main opposition leader Kyriakos Mitsotakis said he believes a “courageous debt restructuring” is necessary for Greece, something he said European creditors promised as far back as 2012.
Speaking to a…
German mass daily Handelsblatt this week claimed it has a German finance ministry document in its possession warning that any “freeze” in interest rates tacked on to Greek loans until…
A Muslim imam in the northeastern prefecture of Xanthi was arrested this week on weapons charges, after three firearms and a small cache of ammunition were found in a mosque…
Greek Finance Minister Euclid Tsakalotos appeared optimistic on Tuesday that the delayed second review of the bailout program “will conclude sooner than you expect,” even as no date has been…
