Greece
Economy
Greek Municipality Union Sends Distress Signal to Ministry of Economy
The Central Union of Municipalities and Communities of Greece (KEDE) has alerted the Greek Economy Minister, Giorgos Stathakis on the stoppages of ongoing construction in Greek municipalities.
According to a KEDE press release, KEDE president George Patoulis informed Stathakis that National Strategic Reference Framework (ESPA) directed...
Economy
More Greek Business Owners Move Their Companies Abroad
As capital controls continue and clouds of economic uncertainty loom over Greece, many business owners opt to move their companies abroad.
According to a CNBC report, Philip Ammerman, a Greek-born investment advisor who moved his business from Athens to London...
Greece
Increasing Foreign Interest in Greek Island Properties
Foreign investors and buyers are frantically searching for properties on the Greek islands of Santorini and Mykonos, driving the demand to an all-time high. According to Greek realtors, the holiday home market in Mykonos and Santorini shows such high...
Business
Greek Manufacturing PMI Recorded Unprecedented Contraction in July
Adding to a dismal Monday for the Greek economy, that has seen a stock market crash and significant revenue losses for Greek firms, financial information service company Markit released its July survey results on Greece's Manufacturing Purchasing Managers Index.
The Manufacturing PMI denotes the well being of...
Business
Cristiano Ronaldo Reportedly Buys Greek Island for his Agent
If reports are true, Jorge Mendes, a sports agent who manages some of the worlds greatest soccer players, just became the owner of a Greek island....without spending a dime!
According to Portuguese news website Move Noticias, professional soccer player Cristiano Ronaldo gave Mendes, who is...
Economy
Greek Stock Exchange Crashes at 28-Year Low, Closing at -16.23%
The Athens Stock Exchange crashed at a 28-year low, closing at -16.23 percent on Monday.
The Greek stock market had been closed for five weeks, after the Greek government imposed capital controls on June 28. But the re-opening of the...
Greece
Body of 28-Year-Old Man Found in Corinth Canal
On Monday morning, Greek authorities found the body of a 28-year-old man in the Corinth Canal, the 21 meter wide sea passage that separates the Peloponnese from Mainland Greece.
According to the coast guard, the deceased man did not show signs that he...
Greece
Citizen Protection Min: Only Elections Can Solve Greek Govt's Internal Disputes
Deputy Citizen Protection Minister Yiannis Panousis said that only elections can solve the dividing disputes within the Greek government.
The deputy spoke to Parapoloitika radio and said that there is a paradox within the ruling SYRIZA party as about 40...
Business
GSEVEE Survey Finds Severe Revenue Losses for Greek Firms Due to Capital Controls
According to a survey by the Institute of Small Businesses (IME) of the Hellenic Confederation of Professionals, Craftsmen & Merchants (GSEVEE), 9 out of 10 businesses in Greece lost revenue due to capital controls imposed on Greek banks.
The survey, conducted...
Greece
Greek Labor Minister Holds Talks with Creditors' Representatives
The aim of the Greek side is to reverse the deregulation of the five-year Memorandum policy, Labor Minister Giorgos Katrougalos said on Monday after a meeting with representatives of the European Central Bank (ECB), the European Commission, the European Stability...