Cash in recession-batted Greece stored “under the mattress”, as the well-known adage goes, is apparently not returning to bank vaults, but is instead increasingly used to pay for higher tax…
It was bound to happen at some point, the point where digital technology meets up with renowned Grecian beach culture. True to form, the Marketing Greece agency recently announced that…
A report by several Turkish-language media early Sunday afternoon that Turkey’s military chief attempted to approach a pair of rock islets in the eastern Aegean was later partially confirmed by…
Another 58 people landed on a pair of eastern Aegean islands between Thursday and Sunday morning after arriving from the opposite Turkish coast, Greek authorities reported.
The individuals, either identified…
The International Monetary Fund (IMF) is reportedly tacking on more conditions in order to participate in the ongoing, and now sputtering, third Greek bailout program, according to Athens daily “Kathimerni”,…
Greece’s largest employers’group, SEV, this week unveiled nine proposals for jump-starting the crisis-plagued Greek economy, what it euphemistically called a «Greek memorandum-Plus».
The proposals by the Federation of Hellenic Enterprises…
Main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Friday evening said the possibility of snap elections in crisis-battered Greece is high — either because the SYRIZA-led coalition will lose…
Main opposition New Democracy (ND) party ramped up its criticism of the ruling SYRIZA government and again called for snap elections, hours after an indecisive Eurogroup meeting on Thursday that…
Daimler Benz’s subsidiary MyTaxi is reportedly close to a deal to purchase the Athens-based company Taxibeat, the developer of an application for customers wanting to hire a cab.
“N” contacted…
Official Athens reacted on Friday in the wake of a crescendo of criticism by the Erdogan-dominated government in Turkey, a day after Greece’s Supreme Court ruled against the extradition request…
Parliament’s Budget Office on Friday warned of an absence of figures and data that allow for conditions leading to a strong economic recovery in Greece.
The warning was expressed in…
By V. Kostoulas
Former Greek finance minister Nikos Christodoulakis, who guided the then Simitis government’s economic policy during Greece’s entry into the inaugural Euro zone in 2002, this week called…
By T. Igoumenidi
An association representing agronomists and engineer/surveyors in the country this week warned that a government initiative to create yet another state-run entity, which will include the still…
By N. Bellos [email protected]
No substantive progress was reported at Thursday’s Eurogroup meeting towards jumpstarting negotiations aimed at concluding the now delayed second review of the Greek program (third bailout),…
“The institutions briefed the Eurogroup on the second review of the economic adjustment programme, following their review mission to Athens in December.
The Eurogroup urged the Greek authorities and the…
The Greek debt, under present conditions, is not sustainable, according to an IMF study, Greece’s state-run television broadcaster reported on Thursday evening.
The same report claims the IMF has judged…
New European Parliament president Antonio Tajani found himself smack in the middle an obscure – by current global standards – political quagmire this week after statements he made last February…
By N. Bellos
Institutional creditors are apparently insisting on the “pre-emptive” legislation of austerity measures after 2018, a standing demand by the IMF – primarily – in order to guarantee…
European Commission vice-president Valdis Dombrovskis said an agreement at Thursday’s Eurogroup meeting to unblock negotiations for a second review of the Greek program (third bailout), and to ensure the IMF’s continued participation…
Greece’s supreme court on Thursday ruled against an extradition request by Turkish authorities for eight Turkish servicemen that fled to Greece last July and subsequently requested political asylum, all in…
Capital Ship Management has added the newly built aframax tanker Aristoklis, manufactured at Korea’s Daehan Shipbuilding, to its fleet.
The Ice Class vessel is listed at 112,800 dwt and is…
The state-run mass transit authority in the greater Athens area (OASA) on Thursday announced that the Omonia metro station, along with the Larissis and Dafni stations, will be closed on…
By Natasa Stasinou [email protected]
Saxo Bank’s head of commodity strategy told “N” this week that initial indications show that 2016’s market rally, after a five-year slump, will continue into 2017.
Veteran trader…
Yet another Eurogroup meeting with momentous impact on the Greek program will take place on Thursday, in the shadow of a once-again delayed review of the ongoing bailout program.
The…
Greece’s central banker again called for the immediate implementation of reforms in the crisis-battered country, speaking during an event in Athens on Wednesday to present a report by the EBRD…
A Bank of Greece (BoG) this week unveiled a report calculating that roughly one-third of disposable income in Greece has evaporated since the first quarter of 2010, when the economic…
The Greek government spokesman more-or-less echoed Greek Prime Minister Alexis Tsipras latest “red line” this week, namely, a refusal to enact more austerity measures.
“There is no chance that we’ll…
Main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Wednesday referred to an “unprecedented regression” in the country over the past two years, speaking to members of his party’s political…
By N. Bellos
Feb. 20 is the latest date now being cited as the deadline for concluding the now delayed second review of the Greek program (third bailout), with a…
Greek Prime Minister Alexis Tsipras promised not to take “even one euro” more of austerity measures to meet with creditors’ latest demands, speaking to an Athens daily this week, on…
