A meeting between creditors’ representatives and the Greek side, led by Finance Minister Euclid Tsakalotos, began at 4 p.m. Brussels time on Friday, with the former including Jeroen Dijsselbloem, Klaus…
Developments regarding the stalled Greek bailout program were accelerating in Brussels on Friday, with Eurogroup chairman Jeroen Dijsselbloem telling Bloomberg that no agreement the same day will mean “… we…
European creditors and the IMF will reportedly present a “common front” on Friday ahead of an urgently scheduled meeting in Brussels to deal with the yet again delayed and gasping…
Greek Finance Minister Euclid Tsakalotos will travel to Brussels on Friday for a previously unscheduled meeting with the heads of the country’s creditors – what the leftist government calls the…
Legislation of “precautionary measures” in the present is a condition for conclusion of the now delayed second review of the Greek program (third bailout), a Eurozone official stressed on Thursday…
The Greek government is reportedly ready to announce the first 12 sectors where electronic transactions will be mandatory, part of an ongoing effort to curb widespread tax evasion VAT avoidance…
Greece-based Gastrade S.A. this week announced a finalization of the sale of a 20-percent of its share capital to GasLog Ltd.’s (NYSE: GLOG), with the latter now a shareholder in…
The leftist Greek government has apparently precluded the possibility of Thursday’s EWG meeting in Brussels producing a breakthrough towards concluding the now delayed second review of the Greek program, as…
Low-cost air carrier Condor this week announced direct flights from Thessaloniki to Frankfurt for the upcoming summer season, up until late October 2017, with flights on Tuesdays and Fridays.
Thessaloniki…
By L. Karageorgos [email protected]
Greek lender Eurobank this week confirmed that a strategic investor has emerged to take over the management of the Capsis Hotel in Thessaloniki, with all of…
Two of Greece’s top economic policy-makers, Finance Minister Euclid Tsakalotos and Bank of Greece (BoG) Governor Yannis Stournaras, this week expressed disagreements with findings cited in the IMF’s released report…
By N. Bellos
Thursday’s EWG meeting in Brussels is not expected to lead to any agreement over the now dangerously delayed second review of the Greek program, nevertheless, it could…
International Monetary Fund (IMF) Managing Director Christine Lagarde on Wednesday defended the Fund’s recent report on the Greek economy and its debt sustainability, saying it tried to be a “ruthless…
By A. Doga [email protected]
Electronic transactions in Greece have skyrocketed since the imposition of capital controls in late June 2015, with contact-less transactions recording the most impressive increase.
Over the…
Eurogroup chairman Jeroen Dijsselbloem on Wednesday added yet another variable to the increasingly complex negotiations concerning the Greek bailout, saying the Netherlands will not be able to continue in the…
The German-Greek consortium Fraport Greece will officially take over the management of 14 regional airports around the country on March 14, a landmark privatization agreement in the country that’s expected…
By A. Tsimplakis [email protected]
Shipyards in the Perama district and the island of Salamina, part of the greater Piraeus area’s shipbuilding zone, are reporting brisk sales of new “Ro-Ro” ferries,…
By S. Zisimos [email protected]
Greek Economy Minister Dimitri Papadimitriou this week expressed his confidence that the now delayed second review of the Greek program (third bailout) will soon conclude.
In…
French cosmetics giant L’ Oreal will reportedly proceed with more information over a possible “major investment” in Greece, all in the wake of a disclosure of a previously unannounced meeting…
Growing speculation in Athens this week that the leftist Tsipras government will accede to creditors’ demands for “precautionary measures” to apply after 2018 — but with immediate enactment — was…
Greece defense ministry has reportedly commenced procedures to upgrade the Hellenic Air Force’s fleet of US-made F-16s, whereas “interest” was also cited in acquiring the cutting-edge F-35 warplane.
Additionally, the…
By V. Kostoulas [email protected]
The IMF’s executive board this week may have confirmed differences with European creditors over the Greek program, but it nonetheless described the formula for overcoming obstacles,…
A faster process for granting tourist visas to third country nationals scheduling cruise holidays dominated talks on Monday between the relevant shipping & island policy minister and representatives of the…
The now “customary” farmer mobilizations and protest that materialize in Greece at the end of January and early February are now into their second week, as far as 2017 is…
Eurogroup chairman Jeroen Dijsselbloem was uncharacteristically on Athens’ side on Tuesday, in comments following Monday’s IMF report on the Greek economy and debt, emphasizing, among others, that the report is…
The government on Tuesday formally announced that the Paris-based Rothschild investment bank had been chosen as a technical consultant for preparation of Greece’s entry into the markets for its future…
Greece’s public debt increased by five billion euros in 2016, reaching 326.358 billion euros, up from 321.332 billion euros at the end of 2015.
The increase is due to the…
Greece’s public debt increased by five billion euros in 2016, reaching 326.358 billion euros, up from 321.332 billion euros at the end of 2015.
The increase is due to the…
A relevant first instance court in Athens on Tuesday rejected a motion by employees of the Lambrakis Press Group (DOL) to keep one of the company’s bank accounts immune from…
By G. Palaitsakis [email protected]
Up to 1.5 million taxpayers in Greece, mostly low wage-earners and lower-income pensioners, would be affected if the government relents and lowers the annual tax-free threshold,…
