Growing speculation in Athens this week that the leftist Tsipras government will accede to creditors’ demands for “precautionary measures” to apply after 2018 — but with immediate enactment — was…
Greece defense ministry has reportedly commenced procedures to upgrade the Hellenic Air Force’s fleet of US-made F-16s, whereas “interest” was also cited in acquiring the cutting-edge F-35 warplane.
Additionally, the…
By V. Kostoulas [email protected]
The IMF’s executive board this week may have confirmed differences with European creditors over the Greek program, but it nonetheless described the formula for overcoming obstacles,…
A faster process for granting tourist visas to third country nationals scheduling cruise holidays dominated talks on Monday between the relevant shipping & island policy minister and representatives of the…
The now “customary” farmer mobilizations and protest that materialize in Greece at the end of January and early February are now into their second week, as far as 2017 is…
Eurogroup chairman Jeroen Dijsselbloem was uncharacteristically on Athens’ side on Tuesday, in comments following Monday’s IMF report on the Greek economy and debt, emphasizing, among others, that the report is…
The government on Tuesday formally announced that the Paris-based Rothschild investment bank had been chosen as a technical consultant for preparation of Greece’s entry into the markets for its future…
Greece’s public debt increased by five billion euros in 2016, reaching 326.358 billion euros, up from 321.332 billion euros at the end of 2015.
The increase is due to the…
Greece’s public debt increased by five billion euros in 2016, reaching 326.358 billion euros, up from 321.332 billion euros at the end of 2015.
The increase is due to the…
A relevant first instance court in Athens on Tuesday rejected a motion by employees of the Lambrakis Press Group (DOL) to keep one of the company’s bank accounts immune from…
By G. Palaitsakis [email protected]
Up to 1.5 million taxpayers in Greece, mostly low wage-earners and lower-income pensioners, would be affected if the government relents and lowers the annual tax-free threshold,…
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…
