Greece
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Banks worry over sudden bad loan spike in January
ATHENS: Nonperforming loans last month posted a major spike of almost 1 billion euros, reversing the downward course set in...
Mega yacht owners choose Greece for construction and maintenance
ATHENS: At least four mega yachts have been at Perama and Elefsina in the last few weeks, such as the...
Greece disappoints with Q4 results
ATHENS: The Greece’s economy dipped from the last three months of 2016 as quarter reports show a lower gross domestic...
Greek economy contracts 0.4 percent in fourth quarter
ATHENS: Greece’s economy shrank by 0.4 percent in October-to-December compared to the third quarter when gross domestic product grew by...
Notifications to go out to 1.3m taxpayers for ‘suspect’ banking activity
ATHENS: Greece’s General Secretary against Corruption, Constantinos Christou, on Tuesday said that 1.3 million taxpayers should be receiving notifications in...
Eurozone growth hits 0.4% in 4th quarter of 2016
ATHENS: Growth in eurozone remained resilient in the fourth quarter of 2016, but slightly less than an earlier estimate, data...
Greece to exceed its primary surplus target in 2018, Commission forecasts
ATHENS: Greece will have a primary surplus in the budget of 3.7 percent of gross domestic product next year, exceeding...
IMF can’t cut special deal for Greece but debt solution possible, says Lagarde
ATHENS: The International Monetary Fund is doing the best it can to agree on bailout loans for Greece but cannot...
Greek Finance Ministry attempting to make tax borders less porous for Greeks
ATHENS: Greek Finance Ministry is attempting to make the country’s tax borders less porous for Greeks through a legislative intervention...
Trade deficit expands along with imports
ATHENS: Greece’s trade deficit swelled considerably in 2016, as the slight increase in exports was unable to offset the losses...
Fraport secures bank financing for the 14 airports
ATHENS: Fraport Greece has reached an agreement with four international credit institutions and a local bank for the financing of...
Greece hopes for breakthrough as funding stalemate persists
ATHENS: Greece said on Tuesday it wanted a positive conclusion soon to a bailout review which would allow it to...
IMF says Greece should meet lower fiscal surplus target
ATHENS: The International Monetary Fund said on Monday that Greece’s economy would only grow by just under 1 percent in...
Authorities took 124m euros out of debtors’ bank accounts in 2016
ATHENS: The Independent Authority for Public Revenue last year confiscated bank deposits of state debtors totaling 124 million euros, according...
Greek SI targets UK in international expansion drive
ATHENS: One of Greece's largest systems integators, Uni Systems, is considering setting up a UK office as it reduces its...
Greek vegetable imports face shortage due to weather
ATHENS: Consumers are facing a vegetable shortage as poor weather across Europe is hitting supplies to super-markets. Vegetables such as...
Athens airport stake sale is shelved
ATHENS: The sell-off of a 30 percent stake in Athens International Airport has been put on ice for the time...
Investment plans abound, but only small-scale ones
ATHENS: The Economy and Development Ministry announced that up until Monday, it had received 821 investment plans related to the...
Greece to propose lowering tax to avoid pension cuts
ATHENS: Greece is to lower the tax-free threshold for low incomes in order to close the evaluation of the bailout...
Greek manufacturing shrinks most in 15 months
ATHENS: Greek manufacturing shrank the most in more than a year in January, highlighting the economy’s weakness at a time...
