By L. Karageorgos
August 2016 is shaping up to be windfall for the all-important tourism sector in recession-plagued Greece, with most traditional holiday destinations reporting full occupancy, while other less-known…
Greece’s retail sector is facing continued and significant challenges amid an ongoing recession and a resulting loss in incomes, as well as still imposed capital controls, factors which have negatively…
By L. Kalamara
Greek consumers are increasingly turning to the Internet to take advantage of various types of transactions and to exploit perceived online opportunities, according to a recent study…
A draft of Greece’s 2017 state budget must be tabled in Parliament by Oct. 3, although finance ministry officials are still pouring over fluid revenue figures for the ongoing year,…
The leftist government’s stepped up efforts to create a semblance of a unified “national front” ahead of what’s expected to be tough negotiations over creditors’ demands for labor sector reforms…
Greek foreign debt stood at 328.34 billion euros at the end of June, up from 321.015 billion euros in March, following the conclusion of the first review of the Greek…
By G. Kouros
Tight deadlines are again “on the menu” for the Greek government ahead of negotiations with institutional creditors, with the “prize” being the disbursement of a 2.8-billion-euro sub-tranche…
Main opposition New Democracy (ND) leader Kyriakos Mitsotakis will tour the Ionian island of Zakynthos on Wednesday, where he’ll meet with local office-holders, municipal officials and tourism-related business owners.
The…
“Better late than never” may be the rallying cry of 1,720 successful candidates in an examination for a public sector job in Greece, given that the exam dates from 1998.…
By A. Doga
A mere 3 percent of restructured non-performing loans (NPLs) remain up-to-date following a refinancing scheme between the credit institution and the loan holders, a worrying figure that…
Ten percent of the 2.6 million primary pensions paid out in Greece annually will be identified by Sept. 30 for recalculation – mostly downwards – by the end of the…
By Costas Deliyiannis
A Bosnian pine (Pinus heldreichii) high atop the Pindus mountain range in northern Greece was recently identified as the oldest tree in Europe at 1,075 years old,…
Activation of a suspended “added value” tax on real estate transactions is set for implementation as of Jan. 1, 2017, a burden on top of the current property tax (ENFIA)…
Decreases in revenues from exports, shipping and tourism, despite increases in tourist arrivals, are overshadowing an overall improvement in the current accounts total for June and the first half of…
Last-minute reservations in July 2016 for Greek destinations via the Amadeus system apparently show a strong surge from most European markets, excluding Belgium and France.
Most indications point to a…
Greece’s credit-crunched private sector got a welcome relief in the form of 1.109 billion euros paid out by the state to contractors and suppliers in July 2016, according to figures…
Expenditures for Greece’s social security system have increased by 15 percent at present due to an increase in the average life expectancy in the country and a simultaneous decrease in…
The leftist Greek government will face at least three major challenges when most officials, ministers and top aides return from whatever summer holidays to Athens next week, with prospective debt…
The relevant government minister on Wednesday attempted to allay fears – and increased political fallout – that pensions will again be cut come September, with Labor Minister Giorgos Katrougalos promising…
Another series of tax reforms in current legislation, most of which are not exclusively revenue-related, are expected in the autumn, part of continuing efforts to meet memorandum-mandated fiscal targets through…
The Greek Energy Forum in collaboration with the US Embassy in Greece have hosted a “closed” roundtable discussion with the participation of Amos Hochstein, Special Envoy and Coordinator for International…
By G. Kouros
Greek taxpayers will face a “tax tsumani” over the coming months totaling a whopping 23.296 billion euros, following a bevy of direct and indirect hikes passed by…
The issue of a possible snap election in recession-plagued Greece generated a tit-for-tat exchange of statements between the government and main opposition on Tuesday, during a mid-August week that is…
Four dead and four severely injured passengers were the result of a collision between a speedboat and a wooden craft carrying roughly 20 holiday-makers in a sea region off the…
Three dead and four severely injured passengers were the result of a collision between a speedboat and a wooden craft carrying roughly 20 holiday-makers in a sea region off the…
An Internet post signed “unrepentant anarchists” on Monday took responsibility for an attack against the Church of Greece’s headquarters in downtown Athens last week.
A lengthy proclamation was posted on…
Mercurial one-time Greek finance minister Yanis Varoufakis again made headlines over the weekend by charging that German Chancellor Angela Merkel did not have a plan to deal with the Greek…
A relevant government coordinator on the still serious refugee-migrant issue over the weekend rejected press reports claiming that Mideast war refugees would be transferred from the Berlin area to Crete,…
On-site inspections by tax authorities around the country were the order of the day over the three-day weekend in Greece, with Aug. 15 marking a major religious holiday and the…
The Greek economy remain in recession in the second quarter of 2016, falling by 0.7 percent compared with the same quarter in 2015, according to the EL.STAT statistical service.
On…
