Roughly 125 million euros were seized by the tax bureau over 2016 for arrears to the state, Greece’s finance ministry announced on Monday.
The sum was collected from seizures affecting…
By N. Bellos
European officials emphasized the need to immediately jump-start negotiations aimed at finally concluding the now delayed second review of the Greek program (third bailout), in the wake…
Bank of Greece (BoG) governor Yannis Stournaras on Monday emphasized that the Greek debt is not a coincidental problem but rather a symptom of a series of accumulated structural problems.…
International Monetary Fund (IMF) spokesman Gerry Rice took to Twitter on Monday to announce that the Fund’s board will touch on the review of the Greek economy, and not future…
European Central Bank (ECB) President Mario Draghi sent his message to Athens on Monday, hours before a closed-door IMF executive directors’ meeting on the Greek bailout.
The Eurozone central bank…
Official Berlin on Monday reiterated that a decision by the IMF to leave the current Greek bailout would mean the end of the program.
Nevertheless, a German finance ministry spokesman…
An IMF report will describe Greece’s debt as extremely unsustainable, as press leaks have previously noted, hours before the report’s contents are presented and discussed to the Fund’s executive directors…
The latest political mêlée between the ruling party and the main opposition in Greece revolves around the same city, Paris, with rival New Democracy (ND) party charging that Prime Minister…
Greece’s migration policy minister on Monday refuted reports of a hunger strike by up to 500 Mideast refugees and Third World would-be migrants at a reception center in southern coastal…
US President Donald Trump’s choice for America’s ambassador to the European Union told Bloomberg over the weekend that there’s a “very strong reason for Greece moving away from the euro”. …
Some 70 irregular migrants were aboard an drifting sailboat off the eastern coast of the Peloponnese, southern Greece, on Sunday evening, near the town of Monemvasia.
One of the passengers…
By T. Tsiros
The International Monetary Fund’s (IMF) long-awaited proposals and observations for the Greek program and the country’s crisis-battered economy will officially be unveiled on Monday with a report…
Athens-based Grivalia Properties reported net profits for 2016 reaching 26.4 million euros, while adding that adjusted profits before tax, excluding fair value adjustments, provision for doubtful debt and negative goodwill…
A top management reshuffle was announced over the weekend at Pancretan Cooperative Bank, with vice-president Nikos Myrtakis assuming the president’s post from Yiannis Lebidakis, who led the cooperative bank since…
German Finance Minister Wolfgang Schaeuble again dismissed charges of “excessively harsh” demands vis-a-vis the leftist Greek government, speaking during a business event in Saarbruecken, western Germany.
“If Greece again and…
The 8th annual Capital Link Greek Shipping Forum, in cooperation with the NYSE and NASDAQ, will take place in the Greek capital on Wednesday, Feb. 15, at a central Athens…
By N. Bellos [email protected]
A Eurozone source late this week dismissed press reports, mostly out of Athens, claiming that Greece’s institutional creditors have sent or are sending a letter to…
Tax revenues in January 2017 exceeded budget targets by 258 million euros, the newly created Independent Authority for Public Revenues (AADE) announced on Friday.
Creation of the new entity is…
The state’s arrears to the private sector eased to 3.31 billion euros in December 2016, down from 4.16 billion euros in the preceding month and 4.72 billion euros in October…
The Hellenic Bank Association (HBA) on Friday reported an increase in Greek bank deposits last year by 4.2 billion euros, although the yearly gain paled before losses in the previous…
Greek Prime Minister Alexis Tsipras on Friday used the informal EU summit in Malta as a platform to warn of “increased provocations and military activity in the Aegean by Turkey”,…
The Hellenic Banking Association (HBA) on Friday released an extensive study focusing on Greece’s crisis-battered banking sector, a year and a half after capital controls were first imposed in the…
By M. Papaconstantinou
Parliament President Nikos Voutsis told “N” this week that there is no “difference of opinion” between the leftist SYRIZA-led government coalition and increasingly embattled Finance Minister Euclid…
A battle of “communiqués” erupted late this week between the leftist government and the center-right main opposition, with the latter on Friday charging that it was Prime Minister Alexis Tsipras…
A report this week by PWC calculates revenue from privatizations in Greece, between 2011 to 2016, at a paltry 3.4 billion euros, with the best years being 2011 (1.16 billion…
The Hellenic Federation of Enterprises’ (SEV) weekly bulletin warned of a continuing decrease in incomes with a simultaneous increase in consumption in Greece, saying this is a major risk to…
Greek Finance Minister Euclid Tsakalotos on Thursday confirmed that “only one-third” of a deal to conclude a delayed second review of the Greek program remains to be resolved, via negotiations,…
Beyond conveying the European Commission’s best wishes for a conclusion of the delayed second review of the Greek program as soon as possible, a spokeswoman in Brussels on Thursday told…
Turkish Foreign Minister Mevlüt Çavuşoğlu on Thursday kept up the recent verbal flare-up between Athens and Ankara over two rocky islets in the eastern Aegean in the headlines, calling on…
Energean & Oil Gas this week announced that it has contracted with TechnipFMC for the design of installations to develop the Israeli off-shore natural gas deposits “Karish” and “Tanin”. …
