business

Greek banks have adequate capital to fund the real economy, both business activity and the retail commerce sector, focusing on commercial credit, bank officials said. Greek banks are ready to channel liquidity in the market with the aim to contribute...

Tax borders are about to become less easy to slip through for Greeks who become residents of countries with lower tax rates than Greece in order to save themselves some money. According to sources, the Finance Ministry has proposed a...

Draft legislation that simplifies the procedures for starting a new business was passed by the Greek Parliament on Tuesday, with Economy and Development Minister Dimitris Papadimitriou pledging to deliver "enterprise in conditions of social justice." "The government will move decisively on...

The latest numbers released by the European Commission regarding the number of small and medium-sized enterprises (SMEs) show that in the past 7 years, between 2008 and 2015, there has been a shutdown of some 145,000 businesses in Greece. The...

ICAP, Athens-based market research firm, presented the results of a study on business risk potential at the 9th Credit Risk Management Conference in Athens. According to the study, one in five companies in Greece will be led to bankruptcy...

On Monday three Japanese shipping companies announced their intentions to merge, which would result in creating the third largest company of shipping companies with regular container ship lines. The move would be positive for the Greek port Piraeus as well...

Besides the tension between Greeks and Turks that has been running deep for generations, lately, there has been many efforts to curb hostilities and develop a type of friendship between the neighboring countries on both social and economic levels. From incidences...

According to information released in a report by the Greek embassy's economic trade and affairs bureau, Greece is ranked as the fourth largest foreign investor in Bulgaria. Many Greeks find Bulgaria and attractive prospect for both business and pleasure, as the...

According to the Global Competitiveness Report 2016-2017 released by the World Economic Forum (WEF) on Wednesday, Greece has dropped in its competitiveness. Greece came in 86th place out of 138 countries; a five place drop from the previous year. "Declining openness...

The Minister of National Infrastructure, Energy and Water of Israel, Dr. Yuval Steinitz, will visit Athens on Wednesday September 28, where he will hold high level discussions aimed at further promoting energy cooperation with Greece and Cyprus. Specifically, Dr. Steinitz...