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…
The Greek minister leading negotiations with institutional creditors promised that countervailing measures to off-set a new round of austerity for 2019 and 2020 – all expected to be sent to…
Eurogroup chairman Jeroen Dijsselbloem referred to an agreement over “major reforms” agreed to between the Greek government and institutional creditors on Friday, a deal aimed at finally concluding the second…
By Vassilis Kostoulas [email protected]
“Entrepreneurship detests uncertainty,” is the paraphrased comment expressed by Hellenic Federation of Enterprises (SEV) executive vice-president Constantinos Bitsios, who spoke to “N” this week amid still…
Reuters is reported that Friday’s Eurogroup meeting in Malta is expected to witness an agreement for the return of institutional creditors’ auditors to Athens, with the news agency citing a…
By S. Papapetros [email protected]
A revised method for calculating new pensions in Greece, based on the consumer’s price index, is expected to cut monthly benefits by 20 percent, on average.…
Greece’s privatization fund announced that it was in the process of selecting a consultant for the sale of 5 percent of the telecoms provider OTE’s shares, a stake it currently…
A high-ranking government minister on Thursday evening hinted that a fourth memorandum will be needed for currently bailout-dependent Greece, although he later charged his statement was taken out of context…
The International Monetary Fund (Fund) spokesman on Thursday merely echoed this week’s line by various Eurozone leaders and Athens’ embattled leftist government, referring to “progress” in negotiations to finally conclude…
By L. Karageorgos [email protected]
Greek ship-owners were in a buying mood over the first quarter 2017, according to figures presented by Allied Shipbroking, while another ship brokerage firm, Intermodal, calculated…
Influential German Finance Minister Wolfgang Schaeuble was the latest top Eurozone official to express optimism over a looming conclusion to year-long negotiations between Athens and creditors to conclude the second…
Publication in the relevant government gazette of the types of businesses and self-employed professionals in Greece that must field terminals for electronic transactions (credit/debit cards etc.) by the end of…
By T. Igoumenidi [email protected]
The government on Wednesday inserted amendments into a controversial draft bill concerning forestry maps, which will allow farmers that have cleared and cultivated state-owned land for…
A previously scheduled teleconference between Greek ministers and creditors’ top negotiators, set for Wednesday, was postponed, with reports pointing to its holding on Thursday.
Nevertheless, government sources told “N” on…
Non-performing exposure (NPEs) within the Greek banking system fell by 1.2 percent at the end of 2016, compared to the end of September 2016. The total, at the end of…
Bloomberg reported on Wednesday afternoon that Athens and its institutional creditors are near a conclusion of negotiations to achieve a staff-level agreement, the necessary precursor for a successful closing of…
An earthquake measuring 4.5 on the Richter scale was recorded at 6:43 p.m. (16.43 GMT) in western Greece, with the epicenter pinpointed at 10 kilometers northeast of the western port…
By J. Kanoupakis
[email protected]
Unions representing employees of the state-run Public Power Corp. (PPC) have filed a lawsuit with the European Court of Human Rights (ECHR) in a bid to…
The farm sector is imperative for the Greek economy’s recovery, relevant minister Vangelis Apostolou emphasized on Wednesday, during an address at a Naftemporiki conference in Athens that focuses on the…
EU Council President Donald Tusk expressed “guarded optimism” on Wednesday over the prospects of a looming agreement between the Greek government and institutional creditors, speaking during a meeting in Athens…
By N. Bellos [email protected]
The specter of “revised” forecasts, downwards, for Greek GDP growth in 2017, and commensurate measures to ensure that fiscal targets are met, was cited by a…
By Vassilis Kostoulas [email protected]
The current Greek government started to search for ways to alter the third bailout memorandum immediately after it was signed with institutional creditors in August 2015,…
Reuters on Tuesday reported that four binding bids were tabled for a majority stake in Ethniki General Insurance Co. S.A., the insurance subsidiary of National Bank of Greece, Greece’s oldest…
A mere 69 individual tax codes, corresponding to taxpayers or business entities, owe more than 100 million euros each to Greece’s tax bureau, with the specific codes equaling arrears of…
By N. Bellos
A top Eurozone official on Tuesday morning estimated that Friday’s Eurogroup meeting in Malta will not be greeted with a staff-level agreement between Athens and institutional creditors,…
The relevant justice minister on Monday evening promised to modify a law aimed to ease prison overcrowding in Greece, which was ratified under his predecessor, but which has been blamed…
Bloomberg on Monday evening reported that a trio of top Greek ministers may be headed back to Brussels on Tuesday for face-to-face negotiations with creditors’ representatives.
The news agency cited…
Handelsblatt on Monday pointed directly to the landmark 1953 London Agreement, which essentially forgave post-war Germany’s external debts, as applicable in the present day to the Greek debt crisis.
In again wading…
