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BoG Reports: Greece Sees Considerable Loss in Tourism Revenue for 2016

According to data released by the Bank of Greece (BoG) on Monday, the country has seen a considerable loss in revenues from the tourism sector compared to year-on-year statistics. The data revealed that the difference between the tourism revenues collected...

Institutions Leave Athens With Many Critical Issues Unresolved

Today Greek officials reported that talks between foreign envoys representing the institutions of the latest bailout review and Greek government concluded without the parties reaching a concrete agreement regarding the fiscal gap, non-performing loans (NPLS), energy and other fiscal...

Cyprus Talks at Mont Pelerin Have Drawn to an 'Inconclusive' Impasse

According to Cyprus’ government spokesman Nicos Christodoulides, the UN-backed talks for the Cyprus Settlement have drawn to an "inconclusive" impasse on Monday. This latest batch of talks that have been ongoing for the past 18 months took place at Mont...

Monday's Talks Between Government Officials and Creditor Envoys Results in 'Substantial Convergence,' FinMin Says

According to the Greek Finance Ministry, another day of negotiations regarding the country's third bailout has concluded between Greece's international creditors and government officials, resulting in "substantial convergence," with the creditor envoys. Officials say that the specific details of the agreements...

Greek Government Submits 2017 Budget, Including Many New Taxes

The 2017 state budget was tabled in Greek Parliament on Monday, projecting a 1.8% primary surplus and 2.6 billion euros in new taxes. According to a finance ministry official who spoke on the sidelines of the government's negotiations with the...

Only Migrants Likely to be Granted Asylum Can Leave the Islands

Only migrants and refugees who are likely to be granted asylum can be moved from the islands to Greece's mainland, said government spokesman Dimitris Tzanakopoulos. The statement came after violent riots broke out on Chios island, where part of the...

Cypriot Newspaper Presents New Map of Cyprus After Greek and Turkish Side Talks

While ongoing peace negotiations between Cyprus President Nicos Anastasiades and Turkish-Cypriot leader Mustafa Akinci, Cypriot newspaper Politis speaks of an imminent agreement and presents the new map of the island. Anastasiades and Akinci are in negotiations in Mont Pelerin, Switzerland...

MP Katerina Markou Leaves Potami

Centrist Potami's MP Katerina Markou has announced her withdrawal to her post in a statement to the party's leader Stavros Theodorakis. Her departure from Greece's Parliament leaves Potami with eight MPS representing the party in the 300-seat government. Markou pointed to...

Greek Political Leaders Bid Farewell to Kostis Stephanopoulos

Greece’s political leaders have issued statements on the passing of former president of the republic Kostis Stephanopoulos on Sunday night. "During his entire career, especially as President of the Republic, Kostis Stephanopoulos set an example of serving public interest in...

Increasing Cigarette Tax Driving Consumers to Illegal Tobacco Market

According to sources, the Greek state has missed out on an opportunity to reap around 800 million euros in tax revenues due to tax hikes on cigarettes in 2016, as consumers turn to illegal tobacco markets. The data shows that...