German-Greek consortium Fraport Greece on Monday that it has raised 620 million euros in a share offering, necessary financing ahead of its assumption of 14 regional airports around Greece this…
Greek Prime Minister Alexis Tsipras took to the airwaves on Monday morning to maintain that the country has “turned a page” in its bid for economic recovery, with his address…
Greek GDP posted a significant deterioration over the fourth trimester of 2016, according to the Greek statistical service (EL.STAT) on Monday, a development that couldn’t come at a worse time,…
Moody’s on Monday said declining bank deposits in Greece, which at last tally stand at 119.7 billion euros, is a negative development. The international ratings agency said declining deposits undermine…
Main opposition New Democracy (ND) leader Kyriakos Mitsotakis reiterated on Monday morning that his center-right party will vote against any new austerity measures, and what the government calls “countervailing measures”,…
By T. Tsiros [email protected]
Standing differences between the embattled Greek government and institutional creditors remained unresolved even after the weekend round of negotiations in Athens, with new austerity measures after…
The latest mini political tempest over the weekend, amid resumed negotiations with creditors, came when ruling SYRIZA party’s Parliamentary spokesman said the image portrayed by the state-run television (ERT) is…
By Vassilis Kostoulas [email protected]
European Stability Mechanism (ESM) board member and top executive Rolf Strauch this week warned that Athens will definitely need the Eurozone organization’s funding over the summer, when…
By D. Alexaki
Ottawa’s special envoy for the Canada-EU Comprehensive Economic and Trade Agreement (CETA) defended the treaty as entailing major “growth prospects”, as he said, in comments last week…
By G. Kouros
An increase in tax revenue and a corresponding decrease in Greek families’ disposable income, in tandem with reduced business turnover, is directly linked with austerity measures taken…
Greece’s military chief on Sunday said the country’s armed forces are facing provocations in the area “with discretion and calmness”, a direct reference to resurgent provocations in the eastern Aegean…
Bank of Greece (BoG) Yannis Stournaras steadfastly continued to urge lower taxes and social security contributions, in tandem with lower fiscal targets after 2021, as imperative for a Greek economic…
No progress was reported from Saturday’s negotiations between the leftist Greek government and the top representatives of creditors, who returned last week to Athens in order to jumpstart talks aimed…
Greek authorities on Friday arrested four men and charged them with manufacturing and trafficking an illegal synthetic drug long favored by ISIS foot soldiers.
Roughly 635,000 tablets of the drug…
US ambassador to Greece Geoffrey Pyatt on Friday expressed concern over a possible “accident” in the Aegean, a statement referring directly to resurgent tension between Ankara and Athens focused in…
Main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Friday continued to stick by his vigorous “pro-business” platform, saying his party “will take the risk and cut business and corporate…
Embattled Greek Prime Minister Alexis Tsipras declared himself as “extremely optimistic” on Friday over the prospect of a comprehensive agreement, as he put it, to end Greece and even Europe’s…
Eurozone member but crisis-battered and bailout-dependent Greece joined economic basket case Venezuela on Friday in Bloomberg’s annual Misery Index for 2017, which the international business news provider says combines annual…
The Netherlands’ ambassador to Greece on Friday issued a widely circulated written statement indirectly deflecting mostly local press speculation over this month’s election in the country, as well as its…
French Prime Minister Bernard Cazeneuve and French Finance Minister Michel Sapin arrived in Athens on Friday amid the ongoing and resumed negotiations in the Greek capital between the leftist government…
Main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Friday called on employees of the greater Athens area’s urban rail provider (metro, tram, suburban lines) to end their industrial actions,…
Politico on Thursday reported that the leftist Greek government has requested “financial assistance” from the World Bank, an international funding organization best known for financing growth and development schemes in…
Well-known Greek-Russian businessman and investor Ivan Savvidis partially “resurrected” the now defunct television license tender issue, months after the controversial procedure was declared illegal by Greece’s high court last year,…
Former Greek prime minister and PASOK leader George Papandreou was re-elected as president of the Socialist International (SI), following unanimous support at the group’s conference on Thursday in Colombia.
Papandreou,…
By Vassilis Kostoulas [email protected]
The head of the EuroWorking Group Thomas Wieser pointed directly to last December’s abrupt announcement of a 617-million-euro “holiday bonus” by the leftist Greek government for…
Off-the-cuff remarks on Thursday by former main opposition New Democracy (ND) leader Vangelis Meimarakis, who told reporters in Parliament that his party’s pledge to vote down possible new austerity measures…
Greek Finance Minister Euclid Tsakalotos will receive his visiting French counterpart, Michel Sapin, on Friday morning in Athens. A relevant press release added that no public statements will be made…
Greek lender Eurobank foresees Greek GDP growth for 2017 of between 1.5 and 2 percent, while nevertheless warning that the country’s growth prospects are overshadowed by an ” unusually high…
The new single administrative and financial organization for social security in Greece, known under the Greek-language acronym of EFKA, reported a primary surplus of 35 million euros in January 2017,…
The government’s draft proposal for a new out-of-court settlement framework to manage non-performing loans will dominate talks on Thursday between the Greek side and creditors’ representatives, who are currently in…
