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Inflation Rate at 5.5 % in July & August

Greece's Statistics Agency says inflation stood at 5.5 % in August and July, reflecting tax hikes as the government struggles to tackle its debt load....

Greece Is First In Inflation Percentages

Greece continues to the lead the race in price increases of goods and services in the whole of the European Union (EU), according to...

Greek Shops Closing Because of Debt Crisis and Low Demand

Greece's main business association says the debt crisis and low consumer demand have forced the closure of one in seven stores in Athens' main...

Greek Banks Raise Saving & Lending Interest Rates

Greek banks raised their saving and lending interest rates in June, which reflects limited liquidity in the domestic banking system, stated The Bank of Greece on...

New Investigation into Olympic & Aegean Airlines Merger

An in depth investigation is being executed into the planned merger of Olympic Airlines and Aegean by the European Commission, citing '"serious concerns" of...

New Law Passed Concerning Over Indebted Households

The government is offering tangible support to Greek households government spokesman George Petalotis stressed on Wednesday, referring to a law allowing over extended Greek...

Queues at Petrol Stations

Consumers fearing petrol shortages as a result of a truck owners' strike starting at midnight today queued up to fill their cars with petrol...

Regulations for the Greek shipping companies of Australia

According to “the Australian”, the shipping companies that transfer goods from the one Australian port to the other, they will transfer the wage cost...