The Antetokounmpo brothers, Milwaukee Bucks forward Giannis and his older brother Thanassis, who plays in the NBA development league, will serve their military conscription obligation in the Hellenic Army, beginning…
Greek Finance Minister Euclid Tsakalotos appeared optimistic on Tuesday that the upcoming second review of the Greek program (third bailout) will “proceed very quickly”, speaking after a same-day Ecofin council.…
The Piraeus Bank group on Tuesday announced that a sale of its Cypriot subsidiary would be completed by the end of 2016.
Holding M. Sehnaoui SAL (HMS) has agreed to…
Lidl Hellas, the Greece-based subsidiary of the German multinational, on Monday announced an increase in turnover by 6.2 percent for 2015, totaling 475 million euros.
Company officials also announced the…
Increasing Greek GDP by 30 billion euros over the 2017-2020 period and finding work for some 280,000 currently registered jobless individuals in the recession-battered country during the same time is…
Greek Finance Minister Euclid Tsakalotos on Monday expressed opposition during a same-day Eurogroup meeting to the possibility of Commission-imposed sanctions against Spain and Portugal, according to Greek government sources.
According…
Main opposition New Democracy (ND) leader Kyriakos Mitsotakis wound up his three-day visit to Israel on Monday by meeting with Israeli leader Benjamin Netanyahu, with the former terming the two…
Bank of Greece (BoG) Gov. Yannis Stournaras predicted a 1-percent primary budget surplus for 2016, something that if proved accurate, means that an automatic spending cut mechanism will not be…
By S. Papapetros
A text circulated among members of an EU-affiliated “experts committee” considering best-practice reforms in Greece’s labor sector appears to confirm previous reports of an unbending stance…
Industrial production posted a slight upturn in May 2016, according to Greece’s statistical bureau, EL.STAT.
The general industrial production index was up by 2.9 percent, significantly improved from a 4.3-percent…
Industrial production posted a slight upturn in May 2016, according to Greece’s statistical bureau, EL.STAT.
The general industrial production index was up by 2.9 percent, significantly improved from a 4.3-percent…
A restructuring of debts by taxpayers and corporate entities with major arrears to the state, after a previous evaluation procedure on the sustainability of their debts is completed, is planned…
By A. Tsiblakis
Greek-controlled companies and shipowners are turning to Chinese shipyards more and more for repairs and new orders, as an increasing number of merchant vessels ply routes closer…
The International Monetary Fund (IMF) weighed in on the state of Greece’s labor sector this week, calling for extensive interventions to achieve greater flexibility and to reduce the very high…
Main opposition New Democracy (ND) leader Kyriakos Mitsotakis will travel to Israel on Saturday for a series of meetings and contacts with the country’s political leadership, as well as visits…
The Commission has not noticed any “significant delays” over the recent period in the implementation of prior actions by Athens, measures aimed at clinching the disbursement of 2.8 billion euros…
The first quarter of 2016 witnessed a drop in the number of tourist arrivals in the country, a negative development given that the leftist Greek government is banking heavily on…
Greece’s trade deficit increased by 12.5 percent in May, with the figure attributed to decreasing exports, the state-run statistic service (EL.STAT) announced on Friday.
Between January and May 2016, the…
By A. Doga
Greece’s four systemic banks were handed a “report card” late Thursday after a review of each of the four by the firm Spencer Stuart, with Eurobank posting…
The Hellenic Confederation of Commerce and Entrepreneurship (ESEE), a major chamber in the country, has teamed up with Aegean Airlines to offer discounts to tourists from annually designated “honored countries”,…
THRACE PLASTICS Co SA announces that the operation of the new production lines included in the Group’s 2015-2016, 32 million investment plan has been launched. It is estimated that the…
Citi this week pointed to the first signs of economic recovery in Greece, a prospect expected to help defuse the ever-rising “Olympus-sized” figure of non-performing loans (NPLs) in the recession-battered…
Health sector-related debts comprise the “lion’s share” of arrears owed by the Greek state to individuals and the private sector, with the figure topping seven billion euros in May, a…
Israeli officials were sending a “business as usual” message to Athens this week, in the wake of an announcement on Monday that Israel and Turkey are normalizing relations after a…
The Greek-owned tanker “Panomaris” has reportedly been stopped off the coast of Libya, according to the Russian television network Zvezda, which quotes a human rights commissioner in the Black Sea…
European Stability Mechanism (ESM) managing director Klaus Regling on Thursday again reiterated that debt relief measures for Greece would be implemented within the year.
In an interview carried by the…
The names of nearly 14,000 individuals and corporate entities with the biggest tax arrears – more than 150,000 euros in each instance – were published on Thursday in a finance…
A collapse in demand, heavy taxes and shrinking liquidity were cited on Thursday by the president of Greece’s Economic Chamber as some of the main reasons behind nearly fifteen and…
By Georges Siotis Associate Professor of Economics Universidad Carlos III de Madrid and CEPR Former member of the TFGR
Administrative reform is the elephant in the room. Greek citizens and creditors…
The ECB’s governing council on Wednesday approved a reduction of 2.5 billion euros in the ELA ceiling for Greek banks, with the figure now at 58.6 billion euros, following a…
