Greece
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Greek state

Financial Police Bust Mobile Phone Racket Costing Greek State Millions

Greece's financial police on Friday announced the bust of a ring running a major racket involving the trade of mobile phones and electronic devices, which is estimated to have cost the Greek state millions of euros over the last...

Mitsotakis Presents 12+1 Proposals for Fighting Corruption

Main opposition New Democracy leader Kyriakos Mitsotakis on Friday presented his "12+1 proposals" for fighting corruption in the Greek state at the 9th annual conference of Transparency International Greece in Athens. Mitsotakis attacked the government for setting up a party-dominated...

Judge's Death May Result in 2nd 'Indefinite Adjournment' of Siemens Bribery Case

The trial of Greek former transport minister Tassos Mantelis, who has been indicted for allegedly accepting bribes from Siemens slush funds, may well become another Siemens-related case that is quietly dropped -- or in this case "indefinitely adjourned" --...

HRADF Privatisation Fund Experts' Released After Testimony to Magistrate

All six consultants of the Hellenic Republic Asset Development Fund (HRADF) that were summoned before an Athens magistrate to answer to charges of corruption were released after their testimony on Friday. The six experts, among them three foreigners, had been...

Privatization Agency Denies Reports on New Concession Deal for Athens Airport

The head of Greece’s privatization agency (HRADF) on Monday dismissed media reports claiming the agency has started negotiating a 20-year extension of the concession agreement with the managing company, Athens International Airport S.A. (AIA), which will be paid for...

Greek State Participation in Banks' Recapitalization to Advance According to Current Legislation

Answering questions on the recapitalization of Greek banks, a high-level official of the Ministry of Finance was quoted as saying: “As it has been said a number of times by the Ministry of Finance, the participation of Greek state...

Lagarde List Investigation Proves to be a Revenue Stream for the Greek State

Investigations into the notorious Lagarde list, that includes names of Greek persons and businesses with deposits in Swiss bank accounts, has brought in approximately 80 million euros for the Greek state, according to Kathimerini newspaper. Out of 1,275 people and business that...

New Deal for Piraeus Port Ahead of Privatization to Include Rent Raise

A new contract between the Piraeus Port and the Greek state will include an increase in the annual cost of the lease, from 2% of total annual revenue at present to 3.5% of annual revenue, ANA-MPA sources said on...

Greek Public Debt Rises to 312.8 Bln Euros in Late June

Greece’s central government debt rose by 100 million euros to 312.8 billion euros at the end of June this year, compared to 312.7 billion at the end of March, Greek Finance Ministry data released on Wednesday showed. The state’s cash...

Greece Suffered Million-Euro Losses from State TV and Radio Mismanagement

The Greek state has suffered losses in the millions of euros from mismanagement and fraud in public broadcaster ERT during the Christos Panagopoulos administration and the 9.84 radio station in the 2001-2010 period, according to auditors. The Sunday edition of Greek newspaper "To Vima"...