Moody’s on Tuesday revised its outlook on the Greek banking system from negative to stable, based on its estimates of continued liquidity and expectations of higher profitability for the sector,…
The latest round of negotiations between the Greek-Cypriot and Turkish-Cypriot leaderships over a long-awaited solution appeared to have broken off on Monday evening, with one reason given being continuing differences…
Turnover in Greece’s retail car sales sector increased by 18.6 percent in Q3 2016 on an annualized basis, the Greek statistical bureau (EL.STAT) announced on Tuesday.
Although positive on a…
By N. Bellos
A projected fiscal gap for 2018 and continued differences between Athens and creditors over labor sector liberalization appears as the remaining and most difficult obstacles in concluding…
The leftist Greek government is banking that its 2016 “tax tsunami” will successfully be extended into 2017 and generate an even higher primary budget surplus than the one proscribed in…
The almost “customary” late-night statement by an unnamed finance ministry official on Monday referred to a draft agreement being prepared by creditors’ representatives in Athens that will include “observations” by…
Α report by “N” last week of 2.5-billion-euros worth of new measures in the 2017 draft budget was confirmed on Monday with its expected tabling in Parliament.
Exactly 56.4 percent…
By Dimitris Hatzinikolas
Developments are ongoing in the latest round of negotiations to find a solution to the long-standing Cyprus problem, as representatives of both major communities on the island –…
The German-Greek consortium Fraport Greece will finally assume the management of 14 regional airports around Greece in January 2017 in exchange for 1.234 billion euros, one of the biggest concession…
The first portion of a fourth metro line in the greater Athens area will be tendered in the first five months of 2017, according to the relevant infrastructure ministry.
The…
By Lambros Karageorgos [email protected]
The head of Europe hotel & restaurant/café association (Hotrec), Susanne Kraus-Winkler emphasized this week that the share economy in Europe’s tourism is beneficial, although it cannot continue…
The elusive goal of finally establishing a permanent direct air link between China and Athens is again on the front-burner, given that Shanghai-based multinational Cosco appears ready to facilitate a…
By A. Tsiblakis
Shanghai-based multinational Cosco is gradually unveiling its plan to transform the port of Piraeus into a genuine home port hub for holiday cruises throughout the eastern Mediterranean…
Former Greek president of the republic Kostis Stephanopoulos passed away late Sunday evening at the age of 90.
He had been hospitalized since Thursday with a respiratory ailment at Athens’…
The IMF, one of four sides comprising the “Quartet” of Greece’s institutional creditors, is apparently insisting on its demand for a complete liberalization of the framework governing mass layoffs in…
A distinction of “annus horribilis” for 2015 was painted with even more explicit figures late last week by the Greek statistical bureau, which reported a receding of households’ disposal income,…
A significant increase in the number of registered unemployed people in Greece was recorded in October 2016, according to the Manpower Employment Organization, the state-run agency tasked with recording and…
The Greek state budget draft for 2017 includes a forecast for a primary budget surplus — as a percentage of GDP — of 1.8 percent.
The figure was announced after…
Main opposition New Democracy (ND) president Kyriakos Mitsotakis took to Twitter on Friday after announcing a shadow Cabinet, with party MPs and cadres appointed to every position corresponding with the…
Greek Prime Minister Alexis Tsipras spoke by phone with Turkish President Recep Tayyip Erdogan on Friday evening, the former’s office announced.
A press release noted that the two leaders discussed…
An appellate level prosecutor on Friday again recommended throwing out an indictment against the former head of Greece’s statistics bureau, EL.STAT, on criminal charges of inflating Greek budget deficits.
The…
Outspoken German Finance Minister Wolfgang Schaeuble referred to the Greek program and the country for a third straight day this week, given the increased scrutiny that Athens’ demand for immediate…
The board of Greece’s privatization fund on Friday again extended a deadline for submission of binding offers for the sale of 100 percent of a state-owned rolling stock maintenance company,…
One of Greece’s pre-eminent resorts, the expansive and cutting-edge Costa Navarino complex in the extreme southwest of the country, has earned the European Golf Resort of the Year 2017 distinction…
A memorandum obligation to transfer a 5-percent equity share held by the Greek state in the previously state-controlled telephony utility (OTE) to the Hellenic Republic Asset Development Fund (HRADF) cleared…
By S. Papapetros
The IMF’s negotiators in Athens appear adamant over demands that the Greek government abolish a provision preventing mass layoffs in the country without the relevant labor minister’s…
The government on Friday further loosened capital controls on bank deposits held in Greek banks, a measure imposed by the same ruling party, SYRIZA, in the wake of the announcement…
The government on Friday further loosened capital controls on bank deposits held in Greek banks, a measure imposed by the same ruling party, SYRIZA, in the wake of the announcement…
Greek cruise ship operate expect a 25-percent decrease in bookings for 2017 as a result of recent and troubling political developments in Turkey, the president of a trade group (EEKFN)…
Greek Finance Minister Euclid Tsakalotos spelled out his leftist government’s “dream scenario” to finally emerge from a punishing economic crisis and a continuing reliance on European creditors’ bailout loans, pointing…
