By Vassilis Kostoulas [email protected]
Seven years into the crisis there are nary any conditions for a dynamic Grexit from the economic crisis, an extended period that reflects the inability of the political…
The first-ever session of a mostly state-dominated coordination committee for the cruise ship sector on Wednesday identified six obstacles blocking the full exploitation of this type of high-value tourism product…
By T. Tsiros
Deposits in Greece’s banking sector showed an increase of 1.04 billion euros in June, up from the corresponding month, with businesses trusting more of their cash to…
State expenditures between the January-June 2016 period reached 23.996 billion euros, dropping by 3.350 billion euros beyond the goal of 27.346 billion euros.
Expenditures in the general budget reached 22.694…
The government, via the prime minister himself no less, on Wednesday announced a series of measures for low-income pensioners that are beneficiaries of a soon-to-disappear monthly bonus paid out by…
The last Mideast war refugees and assorted other irregular migrants that had entered Greece from Turkey over the past year were evacuated on Wednesday from the port of Piraeus.
According…
The Bank of Greece (BoG) this week revisited the still unresolved and pressing issue of non-performing loans (NPLs) in the country, referring to a continuing deterioration of Greek banks’ loan…
A proposal by the main opposition New Democracy (ND) party for the establishment of a Parliamentary committee of inquiry into the reasons leading to the imposition of capital controls and…
Four international companies have reportedly expressed an interest in a tender to purchasea 24-percent stake of Greece’s independent power transmission operator (IPTO or ADMIE).
The development is part of a memorandum-mandated procedure to select a strategic investor for the power grid operator, and follows a recent…
AB Vassilopoulos, a leading super market retailer in Greece, on Tuesday announced that it exceeded one billion euros in H1 turnover this year, confirming a previous “N” report that the…
The leftist Greek government on Tuesday remained steadfast in its decision to allow only four nationwide television broadcast licenses in the country, while again pointing to a controversial study it…
By T. Tsiros
The finance ministry is anxiously awaiting results from the statistical service for the second quarter of the year to ascertain whether the resurgent recession and commensurate loss…
By A. Tsiblakis
Passenger ferry operators to Greece’s numerous Aegean islands have successfully employed discounts in the first half of the year to lure back passengers and try to eke…
The relevant economy ministry this week announced that more businesses opened in Greece in 2015 and the first half of 2016 than closed, during the corresponding period.
According to the…
The government on Monday announced that it won’t impose the supplementary version of an unpopular property tax (ENFIA) on farmland, pastures and other land held outside town planning and zoned…
“The Prime Minister of Israel, Benjamin Netanyahu and the President of Cyprus, Nicos Anastasiades, held wide ranging discussions that reflected the close and very important relations both countries enjoy.
In…
By Atanas Hristov and Timo Wollmershäuser Ifo Institute, Munich
Short-term and long-term interest rates are very low by historical standards both in the Eurozone and in other advanced economies. Low interest…
Speculation was rife in the Greek capital this week over a pending bid for the iconic Athens Hilton by Tempes, a London-based investment vehicle controlled by the Konstantakopoulos brothers, in…
By F. Zois
Greece’s semi-autonomous privatization fund (TAIPED or HRADF) will demand a “sustainable” business plan for the restructuring of Greece’s state-run postal service (EL.TA) as a prerequisite for its…
The finance ministry has “resurrected” a significant discount regime for alleged tax offenders – businesses and self-employed professionals – by including a provision in a recently tabled draft bill dealing…
Another court battle between the European Commission and the Greek state over the problematic Skaramangas shipyard may provide the impetus for resolving the equally simmering dispute between the former and…
The prospect of relocating the one and only Athens-area casino to another location from its current mountain-top site, where it has operated since the 1960s, is judged as imperative by…
The Greek citizen among the nine victims in Friday’s shooting spree in Munich hailed from the Muslim minority in the northeast province of Thrace. The name of the 17-year-old teenager…
The current year is expected to witnessed the peak ratio between public debt and Greek GDP, with the figure estimated to reach 182 to 183 percent of GDP.
Nevertheless, the…
The government scored a Pyrrhic victory this week in passing a bill making Greece’s election system more proportional representational, by eliminating a 50-MP “bonus” awarded to the “first-past-the-poll” party in…
By S. Papapetros
A report by Greece’s relevant labor ministry towards an experts’ committee reveals a dramatic shrinkage of wage-earners’ incomes between the 2010-2015 period due to the recession, an…
The Greek government on Friday relaxed capital controls in the country, a little more than a year after the measure was imposed to prevent a “bank run” in the wake…
US Treasury Secretary Jack Lew’s lightening visit to Athens on Thursday had practically all the elements that the leftist Greek government could ask for, namely, promises of debt relief and…
Turkish Foreign Minister Mevlut Cavusoglu on Friday again called on the Greek government to hand over eight Turkish military cadres that have asked for political asylum in the country after…
The relevant Greek labor minister this week cited three primary axes over which negotiations with institutional creditors, specifically on the latter’s demands for labor sector reforms, will revolve this autumn.…
