business

According to a recent letter sent by Stelios Sklavenitis owner of the supermarket chain, Sklavenitis, to the newly acquired Marinopoulos, part of the stream-lining process of lifting up the failed supermarket chain will entail the stores to start operating...

As the woes of Marinopoulos supermarket chain continue to play out while creditors are waited on to implement the Sklavenitis takeover, August saw a surge in the amount of checks bouncing to a total of 215.4 million euros, ekathimerini.com reports. The court...

With over 100 Russian Companies taking part in a Russian-Greek business Forum in Thessaloniki over this weekend, many mutual business relations between the two countries are set on the agenda. The topics of business to be discussed at the forum...

According to Reuters, on Wednesday in Cyprus the Cypriot Energy Minister, Yiorgios Lakkotrypis and Egyptian Petroleum Minister, Tarek El Molla signed a deal detailing the transferring of natural gas via pipeline from Cyprus to Egypt. There is a total of...

According to the Greek newspaper Kathimerini, Sklavenitis is to sign a memorandum of understanding (MoU) on Wednesday with the creditor's bank of its struggling rival supermarket chain, Marinopoulos. This legal action of signing the MoU will provide the platform and...

According to recent data released by the Chamber of Commerce and Industry, the city center of Athens has seen an increase in businesses closing due to the economic crisis facing Greece over the past several years. The report breaks down...

A new service for the budget airline, Scoot, will detail the airline's first long-haul flight with the destination of Athens. The new Singapore-Athens service is a part of Singapore Airlines (SIA) group's strategy to create more passenger traffic between...

Greece's Ministry of Economy, Development and Tourism pointed to the closure of 16,944 businesses in the first six months of 2016, following the closure of 24,846 businesses in 2015. The figures from the General Registry of Commerce are disheartening. There were...

Market experts analyzing the financial crisis in Greece have said that they believe that around 50 significant companies can be expected to go bankrupt by the end of 2016, ekathimerini.com has reported. Several well-known and iconic corporate names are on...

Cyprus could attract investment fund managers following the UK decision to leave the EU, Cyprus' Investment Funds Association President, Angelos Gregoriades has told CΝΑ. The decision for Brexit sparked uncertainty in the fund managers sector in London with managers exploring the...