Economy

The European Parliament deputy Mr. Skylakakis noted that the fact that the reforms in Greece do not progress as planned increase the risk of returning to  the drachma. In addition, he said that the situation in Ireland and Portugal...

Pressure on the Greek government continues from the representatives of the troika - the International Monetary Fund, the European Union and the Central European Bank - to rapidly adopt new reforms. Yesterday after the meeting with Deputy Prime Minister...

For many Greeks eating out or enjoying a coffee in the country's numerous restaurants and cafes is not simply a pleasant way to pass the time but part and parcel of the Greek way of life. Whilst Londoners may...

Pieria, Imathia, Kilkis and Thessaloniki are the first four counties where the program of the Ministry of Rural Development will apply, related to the lease of public land to young producers, and the unemployed, even if they do not have the...

Greece's debt has run out of control and government policies are failing to restore finances, an independent parliamentary committee of experts wrote in a report released on Wednesday. "The steep debt rise, high primary deficit ... have exacerbated to the...

The troika continues its review on Greek ministries, recording pending any issues of the Memorandum of Understanding, with auditors appearing determined to resolve all major issues before leaving Athens next week. The troika officials intend to avoid a repeat of...

The Greek Statistical Authority said that, according to provisional results, the turnover index in retail trade at current prices, excluding automotive fuel, recorded a fall of 8.2% in June 2011 compared with June 2010. The Index in June 2010 recorded...

The European Commission said Tuesday that negotiations have made progress this week in finding a resolution to Finland΄s requirement for collateral from Greece, but comments from other leaders signaled that there is no quick fix. "There was progress at the...

Greece΄s finance ministry Tuesday denied reports that euro-zone countries are discussing a Finnish proposal to transfer Greek assets to a Luxembourg-based holding company as security for new loans to cash-strapped Athens. Reuters reported Monday that Finland had proposed such a...

The economic crisis and the high price of gold benefited the pawnbrokers. According to the newspaper “Eleftheros Typos”, in the region of Attica there are nowadays 114 pawnshops, while their turnover reaches 14 million euros. In the first...

Recently, many elders tend to go back to their villages as they can make a living spending less money. During 2008-2010, 38.000 new labor posts were created in the agricultural sector. And many of the new farmers are pensioners who want to have...

The Tax Offices are preparing a list with people who owe great deal of money to the State and are accused of money laundering, tax evasion or have bank deposits which can not be explained by their income. The...

Vodafone is in advanced negotiations to takeover Wind Hellas. Reportedly, the deal is expected to be finalized by the end of the year, while the same sources note that there is a program of voluntary resignation of about 1,000 employees. The...

Alpha Bank and Eurobank announced that they have reached agreement on a combination by[...]

Greek government and senior troika officials have begun crucial negotiations for the disbursement of sixth instalment and the new loan agreement. EU/ECB/IMF representatives arrived on Saturday and agreed on a strict stance towards Greece. The government attempts to ask for...