Hollywood star Angelina Jolie was the latest celebrity to arrive in Greece for an on-the-spot inspection of the ongoing refugee/migrant crisis in the country, given that the former is a…
War in the wider region (particularly Syria), the specter of terrorism and the refugee flows that continue to be exported via Turkey through Greece have reportedly caused cruiseship operators to…
New modifications to the still imposed regime of “capital controls” were announced by the Greek government late Tuesday evening, which now allow for the opening of new closed-termed savings accounts…
By Anna Doga & Thanos Tsiros
Closely watched negotiations between the Greek government and its institutional creditors – now euphemistically known as the “quartet” – resume on Wednesday, and with…
The head of the junior right-of-center coalition partner of the leftist Greek government on Wednesday morning demanded the resignation of Migration Policy Minister Yiannis Mouzalas, after the latter referred to…
Outstanding tax debts and related fines increased by 14.7 percent between 2015 and 2016, the finance ministry announced on Tuesday, while promising to conduct up to 50,000 inspections of self-employed…
European Central Bank (ECB) president Mario Draghi clarified, in a recent answer to a question by a Greek MEP, that capital controls are a matter of “national responsibility” and outside…
The latest initiative by the cash-strapped Greek state to combat tax evasion in the country reportedly foresees a new legal framework to review bank transactions going back as far as…
Closure of the Conitech Imas S.A. plant in the central Greek city of Volos was announced by the company’s management to employees this week, weeks after a voluntary retirement plan…
The mass entry on Monday of nearly 1,000 Mideast refugees into the territory of the former Yugoslav Republic of Macedonia (fYRoM) from an unguarded spot on the frontier on Greece…
Greek-controlled ocean-going vessels stood at 4,092 by the end of February 2016, up by 35 vessels from last year, the London-based “Committee” said in a report this week.
The Greek-controlled…
The Bank of Greece (BoG) has unveiled a framework for the operation of companies purchasing and managing non-performing loans (NPLs), which total 80 billion euros in the country, although market…
Creditors reportedly demanded a reduction in the tax-free ceiling for income tax purposes, confirming earlier “N” reports that the “quartet” wants to expand the tax base, downwards, instead of approving…
Greek industrial output increased by 4.6 percent in January 2015 compared to the same month in 2015, following a revised 6.2-percent hike in December, the EL.STAT statistics service announced on…
Four tons of foodstuffs were located on just one ready-to-be decommissioned freighter this week, with the quantities donated to the Orthodox Metropolitan of Piraeus (the local bishopric) for distribution to…
The European Central Bank’s (ECB) governing council on Thursday announced that the board id not have objections to an ELA-ceiling for Greek banks of €71.4 billion, up to and including…
Greek Prime Minister Alexis Tsipras on Thursday spoke by phone with Russian President Vladimir Putin, with talks focusing on the ongoing refugee crisis plaguing Europe, and in particular Greece, as…
The head of the Hellenic Financial Stability Fund (HFSF) this week was quoted as saying that roughly 15 percent of borrowers who hold non-performing loans in Greece can actually cover…
Greek exports fell by 8.3 percent in January 2016 (1.7 billion euros in value) from the corresponding month in 2015 (1.87 billion euros).
Without fuels included the figure shows a…
Representatives of Creditors, the so-called “quartet”, reportedly tabled five demands in terms of all-important pension reform in Greece, as negotiations resumed this week over concluding the first review of the…
The Greek state on Wednesday auctioned off a 3-month T-bill issue, raising 1.3 billion euros from the market.
The interest rate was set at 2.70 percent, unchanged from the previous…
By Nikos Bellos
The EU Commission has approved emergency aid to Greece and other countries in SE Europe to deal with the effects of the ongoing refugee crisis, a problem…
Former parliament president Zoe Konstantopoulou, a one-time political ally but now a sharp-tongued detractor of Greek Prime Minister Alexis Tsipras and his SYRIZA government, on Wednesday revealed that the mood…
A draft bill unveiled on Tuesday envisions the abolition of quarterly and nine-month reports, but also cites an obligation of the part of publishers to release more information on issues…
Representatives of institutional creditors return to Athens on Wednesday for what’s expected to be the final stretch of negotiations leading to the first review of the current Greek bailout program,…
The privatization of the Piraeus Port Authority (OLP) will boost Greek GDP by 0.8 percent until 2025, the Athens-based Foundation for Economic & Industrial Research (IOBE) announced on Tuesday.
IOBE…
By Nikos Bellos
German Finance Minister Wolfgang Schaeuble was quick to dampen initial expectations of forthcoming talks to lessen Greece’s public debt, saying the country won’t face great pressure to…
By Danai Alexaki
The management of the Marinopoulos supermarket group is reportedly in advanced talks with Greek banks over a new loan agreement worth 100 million euros, viewed as a…
Two well-known resorts in the large island of Evia – just off the eastern Greece mainland – will close for the 2016 season, the island labor center announced.
The state-sanctioned…
Another extension of a moratorium on the foreclosure of primary residences is expected to be included in a draft bill to be tabled in Parliament on Wednesday.
The proposed deferment…
