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OSE

Former Greek Railways Officials Charged With Embezzlement

ATHENS – Thirteen former executives of Greece’s money-bleeding Hellenic Railways (OSE,) one of the companies the coalition government led by New Democracy Prime Minister Antonis Samaras is trying to sell off,  have been charged with stealing state funds and...

Train-Taxi: A New Way to Move Through Thessaloniki

Visitors of Thessaloniki now have a new way of transportation at their disposal. The ''train-taxi'' is a new service of the Greek railroad company OSE. Service consists of a combination of transportation between a train and taxi with one...

OSE Reports Huge Deficit Decline for 2011

OSE, the state-run railway operator in Greece, reported on Tuesday a spectacular 82 percent decline in its annual deficit last year to 33 million euros, down from 187 million euros in 2010. The company reported a zero deficit in December...

11 Reasons Why Greece Really Went Broke in 2011

ATHENS – Unless you were rich, a business executive, a celebrity, or among the few privileged elite who run the country and for whom every year is a banner year of profiteering, 2011 was the worst year for most...