Economy

Because of the high uncertainty and rapidly deteriorating conditions in the capital markets, Greece has decided to postpone its registration in the U.S. Securities and Exchange Commission (SEC), which would allow it the issuance of the so-called Diaspora bonds...

A pan-Cypriot fundraiser is planned to take place on February 21, in all private and public schools of the Republic of Cyprus, aiming at financially supporting the poor students of debt-hit Greece. The initiative was introduced Tuesday during the meeting...

OSE, the state-run railway operator in Greece, reported on Tuesday a spectacular 82 percent decline in its annual deficit last year to 33 million euros, down from 187 million euros in 2010. The company reported a zero deficit in December...

The American Hellenic Educational Progressive Association (AHEPA), a leading membership-based association for the nation's three million American citizens of Greek heritage and Philhellenes, will mobilize its chapters, and work in cooperation with the International Orthodox Christian Charities (IOCC), to...

The Greek government appeared ready to proceed with cuts to supplementary pensions and certain sectors' primary pensions, following a meeting in Athens on Tuesday afternoon between a relevant labour ministry secretary general and a delegation representing the EC-ECB-IMF 'troika',...

New “episodes” have added to the horror of the next loan installment to Greece and the early completion of the PSI, causing a nervous breakdown ... on Athens Stock Exchange. The "tug of war" between the International Monetary Fund and...

ATHENS – Watching Greeks having their pay cut and taxes hiked on orders of international lenders to keep rescue loans coming, President Karolos Papoulias said he will give up his annual salary of 300,000 euros, some $392,000, and blasted...

Greece's leaders battled to salvage a new 130-billion-euro ($170 billion) EU/IMF bailout on Wednesday, rejecting doubts over their commitment to a punishing austerity package just hours before a conference call of euro zone finance ministers. But with mistrust of Athens...

A German government spokesman Wednesday denied that Berlin now considers a Greek default as inevitable. "I can clearly say for the federal government that those rumors are false. There is no such decision in Germany," Steffen Seibert, spokesman for German...

Euro zone finance ministers dropped plans on Tuesday for a special face-to-face meeting on Greece's new international bailout, saying political party chiefs in Athens had failed to provide the required commitment to reform. A source familiar with negotiations on Greece's...

The Thessaloniki Chamber of Commerce and Industry (TCCI) decided to participate in the China International Import Expo with the funding of up to 6 business-members, aiming at enhancing its members exporting activities. China International Import Expo will take place in...

Greek broadcaster Antenna has spoken out about the decision by Public's Groupe to close Leo Burnett Athens, saying that it will cost media owners millions of euros. Leo Burnett Athens had booked campaigns for clients such as Procter & Gamble...

Greece was plunging deeper into recession at the close of last year, documenting the devastation of the country's economy even before new austerity plans are implemented in the months ahead. Greece's gross domestic product contracted by an annual rate of...

Greece's bid for a new bailout got close inspection on Tuesday from euro zone officials poring over the details of Athens' budget to decide whether it has met conditions to get the money. Even if it passes muster, the second...

ATHENS – As Greeks awoke on Feb. 13 after a night of violence and arson that destroyed 45 businesses in the capital city, they saw nothing was left of one of its most historic venues, the Neo-Classical building that...