Greece
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Giorgos Stathakis

Greek Government Gives Green Light to Cremation Facility in Athens

After years of delays following opposition from the Greek Orthodox Church, Environment and Energy Minister Giorgos Stathakis signed a decision last week paving the way for the construction of Greece's first cremation facility. The facility will be in the area...

Greece to Sell Public Power Corporation Lignite Plants

Greece and international creditors on Tuesday agreed on the sale of the lignite production plants in Megalopolis and Meliti that belong to the Public Power Corporation. Energy sector privatizations are part of the prerequisites lenders have set for the completion...

BlackRock Postpones Indefinitely €300 Mln Investment Project in Greece

BlackRock has indefinitely postponed an investment project in Athens; that is estimated at 300 million euros, due to continuous hurdles put forth by leftist groups and bureaucracy. Since 2007, BlackRock, one of the largest investment management companies globally, has been...

Energy Minister Announces Arbitration with Eldorado Gold in September

The Greek government plans to start an arbitration process next month to settle its differences with Canada’s Eldorado Gold Corp over its gold mine development plans in northern Greece, the energy minister announced on Thursday. “We have decided to resort...

China Development Bank and Public Power Corporation to Sign MoU in Thessaloniki

China Development Bank (CDB) and Public Power Corporation (PPC) will sign a memorandum of understanding (MoU) on Saturday, September 9, in Thessaloniki, during a conference organized within the framework of the 82nd Thessaloniki International Fair (TIF). The conference, entitled "Investment...

Checks on Fuel Stations Stop as Greek State Abolishes Bonuses to Inspectors

Despite the fact that the Greek government had announced that 1 billion euros will be collected from tackling tax evasion in the fuel market, checks at fuel stations have stopped because the bonus inspectors were receiving for every violator...

Talks Between Greece and Creditors Resume Thursday With Slim Chances of Staff Level Agreement Soon

Negotiations on the bailout program review between Greece and international creditors resumed on Thursday afternoon after Wednesday's closing of the issue of settlement of red business loans out of court. The two sides converged on some issues, but a European...

Heads of Power Grid Operator ADMIE Resign After Pay Increase Furore

The president and the CEO of the state-owned Independent Power Transmission Operator (IPTO or ADMIE) submitted on Monday their resignations to Energy and Environment Minister Giorgos Stathakis, who accepted them. The resignation comes after New Democracy MP Konstantinos Skrekas revealed...

Tsakalotos, Stathakis Meet with Bank Managers Over ADMIE Sale

The actions needed to ensure the timely conclusion of the privatisation of the country's power grid operator ADMIE were discussed in a meeting between Finance Minister Euclid Tsakalotos, Environment and Energy Minister Giorgos Stathakis, along with the management of Greece’s...

Greek Politicians Declare Personal Wealth for 2013-2014

The assets of Greek politicians for the years 2013 and 2014 were officially announced in Greek Parliament on Wednesday, showing that several have considerable wealth. The assets of Prime Minister Alexis Tsipras did not change compared to 2012 in terms...