The amount of VAT returns owed by the state to the private sector reaches one billion euros, yet another factor asphyxiating domestic markets amid an ongoing credit crunch, capital controls…
Passenger traffic at Greece’s airports was up by 8.6 percent over the first seven-month period of the year, compared to the corresponding period of 2015.
According to the country’s civil…
Main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Wednesday again vilified the leftist Greek government over the issue of public safety in the recession-plagued country, a day after an…
More than 10,000 Mideast war refugees and assorted other Third World irregular migrants remained stranded on a handful of eastern Aegean islands this week.
According to Greek and EU authorities,…
A group representing pensioners who retired as civil servants this week filed a motion with the Council of State, Greece’s highest administrative court, to overturn two ministerial decisions cutting primary…
A majority stake of the Piraeus Port Authority’s shares (OLP) was transferred, as expected, to Chinese multinational Cosco on Wednesday, on the sidelines of a special event held at the…
By D. Alexaki
Major Greece-based supermarket retailer Sklavenitis posted a significant increase in revenues for 2015, to the tune of 40 percent, a figure attributed to a series of buyouts…
Although Greek exports, overall, fell in the first half of 2016, fresh fruits and vegetables continued an upward trend, posting an impressive 22.2 percent hike in terms of value and…
The main initiatives aimed to simplify procedures for business licensing were announced on Tuesday by the government, the latest bid to eliminate “legendary” Greek state red tape and to boost…
The government will reportedly unveil a new framework aimed at simplifying the procedures for business licensing, with the changes up for public debate expected to be announced within the day…
By T. Igoumenidi
The semi-autonomous Competition Committee this week refers to a cartel-like framework that dominated the country’s public works contracts as far back as 1981, and one involving practically…
By G. Kanoupakis
The leftist government appears ready to offer what it calls “political backing” to the state-run Public Power Corp., which holds the dominant position in the domestic energy…
National Bank of Greece (NBG), the biggest credit institution in the country, on Monday announced the first SME securitization transaction in the country since 2007, with 300 million euros raised…
Greek law enforcement, in cooperation with the Bank of Greece, on Monday announced several arrests of suspects charged with using POS terminals to bypass still imposed capital controls in the…
A deflationary trend was recorded in Greece for a 41st straight month in July 2016, according to figures released on Monday by the semi-autonomous statistical bureau (EL.STAT).
The general consumer…
A foreign distress fund was identified this week as aiming to invest up to two billion USD in Greece’s non-performing loans (NPLs) sector.
According to a report in the WSJ,…
By A. Tsiblakis
The professional pleasure craft market is currently down 20 percent in comparison with 2015, with the timid signs of recovery seen last year mostly evaporating over the…
By G. Palaitsakis
The current government, similar to Greek governments since 2011, is apparently using five ways to continue to collect a special “solidarity tax” from segments of taxpayers that…
A document by the relevant archaeological service at the culture ministry referring to a “delineation” of archaeological sites over the entire tract of land that forms the Helleniko real estate…
By A. Tsiblakis
Greek lender Alpha Bank is in negotiations with a consortium comprised of Temes and Turkey’s Dogus for the sale of the iconic Athens Hilton, confirming previous reports…
The first order for a 48-hour suspension of operation due to tax violations was slapped against a well-known tavern-restaurant in the popular Perea district of east Thessaloniki on Saturday, part…
The relevant minister over the weekend again cited his “categorical opposition” to the sale of 17 percent of the state-owned power company, listed Public Power Corp. (PPC).
Minister Panos Skourletis…
Former foreign minister Dora Bakoyannis, one of main opposition New Democracy party’s top cadres, was quoted over the weekend as predicting early elections in Greece over the upcoming period.
Bakoyannis,…
Alpha Bank’s weekly economic report shows a marginal increase in deposits held in Greek banks, by 0.4 percent, in June 2016. The tiny increase is, nevertheless, important, given that the…
Finance ministry data shows that 6.35 million taxpayers in Greece will receive a notice to pay their share of a still imposed property tax, known as ENFIA in the country.…
Greece’s balance of trade deficit dropped by 3.1 percent in June, according to figures released on Friday by the semi-autonomous statistical bureau (EL.STAT).
The trade deficit reached 1.463 billion euros…
Two wanted fugitives well-known for their involvement in so-called anti-state actions, including indictments for armed robbery, were arrested on Thursday afternoon in Sparta, in extreme southern Greece.
Kostas Sakkas disappeared…
Procedures for imposing a 48-hour suspension on businesses that don’t issue legal receipts or who engage in other types of tax evasion were detailed in a ministerial decision published in…
By A. Tsiblakis
Chinese multinational Cosco’s investment budget for the Piraeus Port Authority (OLP) totals approximately 600 million euros, a figure repeatedly cited by company executives in the lead-up to…
By A. Tsiblakis
The “Cosco era” begins at the port of Piraeus next week, as the Chinese multinational is ready to assume control of Greece’s largest and busiest port after…
