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An IMF spokesman on Thursday said the fund may decide by the end of the year on whether it join any new Greek bailout program as a lender.   Speaking…

Greece’s’ largest employers’ group, SEV, on Thursday pointed to tax evasion and the direct deposit of tourism-related revenues in overseas banks as the reasons for the apparent decrease in the…

By T. Tsiros The first round of negotiations between institutional creditors’ representatives and the Greek government conclude on Thursday – as Friday is a national holiday in the country –…

Latest privatization success on Thur., with iconic Asteras Vouliagmeni resort management sold to int’l consortium The sale of 90 percent of the iconic Asteras resort, southeast of Athens, was completed…

Changes in the legal framework governing labor unions in the country, amid a joint declaration by “social partners”, tops the agenda of negotiations on Thursday between Greece’s labor ministry and…

The state-run Hellenic Agricultural Insurance (EL.GA) organization has calculated total crop damages in Greece, up until September 2016, at 135 million euros, the maximum figure envisioned by the EU for…

Greece’s Council of State (CoS), the highest administrative court in the country, on Wednesday evening ruled a controversial television broadcast licensing law eagerly backed by the leftist government as unconstitutional.…

The Public Power Corp. (PPC) on Wednesday announced that China’s State Grid Corp. has submitted the winning bid for a 24-percent stake in Greece’s power transmission grid operator (ADMIE). The…

Main opposition New Democracy (ND) party this week announced its own initiative to tackle the increasingly acute issue of indebted businesses and households in the country, with the highlights being…

By T. Tsiros Creditors have calculated the state’s arrears to the private sector – contractors, suppliers, legal services etc. – at 8.045 billion euros as of September 2016, according to…

A consortium comprised of Total, Edison and the Greece-based Hellenic Petroleum (EL.PE) group has won a contract for exploration and exploitation rights in 20 offshore blocks in the Ionian Sea…

The Council of State, Greece’s highest administrative court, on Wednesday rejected six motions filed by trade unions, organizations and municipalities, among others, against an agreement transferring the management of 14…

By A. Doga January 2017 appears as the target, under the best of circumstances, for finalizing changes in Greece’s legal framework towards better managing non-performing loans (NPLs), according to banking…

Speculation over a looming reshuffle at the energy minister intensified this week after the relevant minister said possible revenue from the sale of the state’s stake in several energy-related utilities…

By T. Tsiros A billion euros from the property tax alone flowed into state coffers in September 2016, boosting revenues and exceeding nine-month targets by 1.067 billion euros. The figures…

Sensitive negotiations continued this week between the Tsipras government’s top ministers and representatives of institutional creditors, with the Greek side insinuating during the course of the week that it will…

The Greek state held its inaugural electricity auction on Tuesday, a third memorandum-mandated action aimed at opening up the dominance held by the state-run Public Power Corp. (PPC). The state…

By S. Papapetros A World Bank report on Greece recommends a radical, by Greek standards, reduction in the country’s mostly non-essential welfare spending system and specific benefits. The 75-page report…

Βy L. Karageorgou Less tourism revenue from French tourists to Greece this year apparently accounted for the biggest portion of the 753-million-euro drop “gap” over the Jan-Aug 2016 period, compared…

Βy N. Bellos Greece’s foreign debt reached 179.2 percent of GDP in the second quarter of 2016, or 315.29 billion euros in absolute terms, by far the worst performance amongst…

US President Barack Obama will visit Greece, Germany and Peru next month in what is expected to be his last foreign visits of his presidency. The White House officially announced…

The European Stability Mechanism’s (ESM) board of directors, as expected, on Tuesday approved the disbursement of 2.8 billion euros in bailout loan money to Greece. The decision was more-or-less guaranteed…

By N. Bellos The EuroWorking Group (EWG) on Monday evening approved a recommendation towards the ESM for the disbursement of the entire 2.8-billion-euro sub-tranche in bailout loans to Greece —…

Listed Public Power Corp. (PPC), the state-run utility that dominates the Greek electricity market, and China Machinery Engineering Corp. (CMEC) on Monday penned an agreement that foresees possible partnerships in…

Main opposition New Democracy (ND) party fields an 11-percentage point lead over ruling SYRIZA in a latest opinion poll released this week. The poll was commissioned and published in the…

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Monday continued to snipe at embattled Greek Prime Minister Alexis Tsipras, this time in reaction to the latter’s address a day…

A small circulation daily affiliated with the ruling SYRIZA party has reportedly severed ties with a well-known public opinion poll company that recently unveiled particularly negative results for the leftist…

The Greek state budget recorded a primary budget surplus of 5.44 billion euros over the first nine months of 2016, up from a 3.072-billion-euro surplus during the same period in…

Greece’s public debt rose to 179.2 percent of GDP in Q2 2016, up from 176.1 percent in the first quarter, Eurostat announced on Monday. The EU executive’s statistics bureau said…

A Business Angels Forum III will be held in Thessaloniki on Nov. 1, organized by Atlantis Consultants and Innovation Farm. A total of 25 groups have applied for participation in…