IMF Managing Director Christine Lagarde again touched on the intricate negotiations revolving around the Greek bailout program – and with the second review still delayed – reiterating that the Greek…
The high-profile former “Iron Lady” of the Athens Olympics organizing committee, Gianna Angelopoulos-Daskalaki, on Thursday issued an abrupt announcement saying she is resigning from her mostly symbolic ambassador-at-large position, while…
Agriculture and Rural Development Phil Hogan arrived in Greece this week, amid heightened concerns by local producers over the loss of feta cheese’s status as a Protected Designations of Origin…
Aegean Air on Thursday announced that its flights to and from Berlin’s Tegel airport on Friday March 10 were cancelled due to a strike announced a union representing ground crews…
The European Central Bank (ECB) on Thursday lowered the cap on emergency liquidity assistance (ELA) that Greek banks can access from the Bank of Greece (BoG) by 100 million euros.…
Differences remain in ongoing talks with the Greek government in negotiations to conclude the second review of the Greek program, IMF spokesman Gerry Rice said on Thursday, adding that it…
By S. Papapetroy http://[email protected]
The IMF’s negotiators in Athens this week reportedly nixed practically all of the Greek side’s counter-proposals for labor sector reforms.
According to a top labor ministry…
The European Bank for Reconstruction and Development (EBRD) on Thursday announced the approval of a finance framework for Greece worth 300 million euros, aimed at funding renewable energy investments in…
Net monthly wages for part-time employees in Greece, as recorded in May 2016, reached a paltry 331 euros, or 393.79 euros in gross pay.
The daily wage for full-time employees…
Net monthly wages for part-time employees in Greece, as recorded in May 2016, reached a paltry 331 euros, or 393.79 euros in gross pay.
The daily wage for full-time employees…
A verbal “tit-for-tat” between Ankara and Athens continued on Thursday, with the Greek foreign ministry replying with a laconic statement to official Turkey’s attack against the Greek president of the…
Figures for the Greek economy between 2008 and 2016 show a shocking decline in practically all economic parameters, with the crisis judged as unprecedented for a developed country that is…
Athens-based lender Piraeus Bank on Wednesday announced the appointment of Christos Megalou as the credit institution’s new CEO.
His appointment was unanimously approved by the bank’s board of directors.
Previously,…
An agreement between Athens and its institutional creditors has been achieved, at least on the issue of an out-of-court framework for the settlement of arrears owed by businesses, a government…
International Monetary Fund (IMF) Managing Director Christine Lagarde on Wednesday reiterated that Greece must implement major structural reforms, while at the same time urging European creditors to extend debt relief to the…
The Union of Greek Shipowners (EEE) on Wednesday announced that Katerina Peppa will assume the position of director of the shipowners’ association, beginning on April 1.
Peppa, the current deputy…
A main opposition deputy on Wednesday charged that the outgoing president and managing director of the state-run natgas grid operator (DEFSA) gave himself a promotion shortly before his retirement, a…
Greek GDP remained unchanged in 2016, totaling 184.5 billion euros in terms of volume, the independent statistics agency announced on Wednesday.
The Hellenic Statistical Authority (EL.STAT), in its provisional report…
By A. Tsimplakis [email protected]
The new Cosco-led management of the Piraeus Port Authority (OLP) has reportedly requested increased support by the Greek government, and specifically from the relevant maritime…
By S. Papapetros [email protected]
Labor sector liberalization is reportedly the most difficult chapter broached in ongoing talks between the leftist Greek government and representatives of institutional creditors, negotiations aimed to…
Naftemporiki, Greece’s pre-eminent financial and business newspaper, on Wednesday celebrates the 93rd anniversary of its founding.
The daily newspaper and its affiliated subsidiaries persevere in the face of particularly difficult…
Main opposition New Democracy (ND) president Kyriakos Mitsotakis will be in Brussels on Thursday to participate in a summit of the European Peoples’ Party (EPP), the center-right grouping in the…
The Dryships shipping company has reportedly exercised its option and purchased a second VLGC for 83.5 million USD.
The company, led by Greek shipping executive George Economou, signed a “zero…
Moody’s on Tuesday again rang “warning bells” for crisis-battered Greece, saying the likelihood for a country leaving the Euro zone is “very low”, aside from the east Mediterranean country that…
The sale of a majority stake of Greece’s natural gas grid operator (DESFA) is and will remain a key element of the country’s privatization program, European Commissioner for Economic and…
By T. Tsiros
The word “progress” was first uttered on Monday by Greek representatives participating in talks with creditors in Athens to conclude the delayed second review of the third…
German-language media on Monday pounced on the same-day announcement by Greece’s statistical service overturning a much-publicized forecast of Greek economic growth in the fourth quarter of 2016 – and instead…
By G. Kouros [email protected]
A “Danish model” is apparently favored by creditors for Greece’s tax-free annual income threshold, which currently stands at roughly 8,600 euros, compared to the 5,781-euro figure…
By G. Sakkas [email protected]
Accumulated losses in the retail pharmacy sector over the 2009-2016 reached 2.85 billion euros, according to a recent study by ICAP. Turnover in 2016 was estimated…
Main opposition New Democracy (ND) party fields a 14-percentage-point lead over ruling SYRIZA in the latest opinion poll to be released, with the leftist-leaning “Efimerida ton Syntakton” newspaper headlining the…
