Chinese multinational Cosco has very publicly aired its disagreements with several points in a tabled draft bill containing the contract that transfers a majority of the Piraeus Port Authority’s (OLP)…
Capital controls took a heavy toll on trading at the already crises-swamped Athens Stock Exchange (ASE) in 2015, with total turnover slashed by 39.3 percent to stand at a paltry…
By A. Doga
Greece marked the dour one-year anniversary of the imposition of capital controls this week, with the “multi-billion-euro” question being when state-mandated restrictions on bank deposit movements in…
Due to explosions at Ataturk airport, passengers who have booked to/from Istanbul with travel date till/and with July 6, 2016 for tickets issued on/before June 28, 2016, that Aegean will…
The Greek government on Wednesday will table draft legislation to ratify a contract awarding a majority stake in the Piraeus Port Authority (OLP), and its management, to Cosco via a…
US President Barack Obama on Monday praised the Greek people’s perseverance, speaking during a brief ceremony at the White House to receive the credentials of new Greek ambassador to the…
Main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Tuesday was again quoted as demanding snap elections in recession-battered Greece, with Handelsblatt publishing a relevant article under the headline “We…
The Marinopoulos supermarket chain, one of the biggest in Greece and the past partner in the country of the multinational Carrefour group, on Tuesday applied for protection from its creditors,…
By V. Kostoulas
[email protected]
EU Commissioner Pierre Moscovici on Tuesday appeared hesitant to discuss a possible loosening of primary budget surplus targets for Greece after 2018, when the current bailout…
Main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Monday evening said Greece should aim for primary budget surplus targets of around 2 percent on an annual basis after 2018.…
By G. Palaitsakis
A better result than targeted for ordinary budget net revenues, by 773 million euros or 4.7 percent in the first five months of 2016 (17.263 billion euros…
Τhe government on Monday reminded that a deadline for the submission of bids for a tender to build and operate a new airport at the Kastelli site on Crete, in…
By A. Doga
A general assembly of Attica Bank shareholders on Monday proposed the nomination of local bank executive Anna Pouskouri-Reiche as the new president of the Athens-based bank, replacing…
Bank deposits in Greece were slightly up in May 2016, following four consecutive months of losses, the Bank of Greece (BoG) announced on Monday.
Specifically, deposits by businesses and households…
By V. Kostoulas [email protected] @VasKostoulas
“Brexit” isn’t expected to particularly affect Greece, as far as economic terms are concerned, a European official told Greek reporters on Monday.
Nevertheless, the emphasis…
The Bank of Greece on Monday reported that the annual growth rate of total credit extended to the domestic private sector stood at -2.0 percent in May, from -1.9 percent…
By Thanos Tsiros
A shrinking tax base is one of the results expected in this year’s collection of revenues from income tax returns, with the process now ongoing ahead of…
By A. Doga
Greece’s domestic banking sector remained in “standby mode” in the wake of the result of last Thursday’s referendum in Britain, where a majority of voters opted for…
By S. Papapetros
Negotiations over labor sector reforms, as demanded by creditors, are expected to soon commence, all in light of the latest study showing Greek wage-earners as putting in…
Main opposition New Democracy (ND) party on Sunday evening launched into a new attack against the leftist Greek government, charging that it is allowing the center of Athens to be…
A “black hole” in Greece’s social security system is estimated to reach a whopping 14.6 billion euros, of which 50 percent deals with debts accumulated by the state health care…
Another three Greek national television broadcasters joined a previous trio in filing an injunction against a tender by the government to grant television licenses, a highly contentious issue given that…
The Greek government was gauging the effects of the vote for Brexit in the hours and days after the referendum in Britain, with the main emphasis on what repercussions are…
Moody’s Investors Service has today changed the outlook on the UK’s long term issuer and debt ratings to negative from stable. Both ratings are affirmed at Aa1.
Today’s rating action reflects the…
Greece’s exporters’ association on Friday referred to a spectre of “uncertainty” now hovering over European and global trade due to the result of Thursday’s referendum in Britain.
The association said…
Greek Prime Minister Alexis blamed austerity and a lack of Europe-wide cooperation to deal with the migrant crisis as behind the result of Thursday’s referendum in Britain over continued EU…
French-Lebanese shipyard executive and developer Iskandar Safa this month requested arbitration by the International Centre for Settlement of Investment Disputes (ICSID) in his dispute with the Greek state over the…
The European Bank for Reconstruction and Development (EBRD) on Friday unveiled what it called its country strategy for recession-plagued Greece, with its board identifying several key areas for investment. …
Britain’s vote to exit the European Union will have a limited impact on the Greek economy, central bank officials said on Friday.
“The impact of Brexit on Greece will be…
Over a third of German manufacturers fear that a Brexit will negatively impact their business. The exact figure is 38 percent, according to data released by the Ifo Institute on…
