Greece
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MOL Group buys Norway’s Ithaca Petroleum
ATHENS: Hungary’s MOL Group has made its first acquisition in Norway by buying Ithaca Petroleum Norge (IPN). MOL says the...
Outstanding Greece State Debt Up 32% in 5 months, Exceeding €5 Billion
ATHENS: The outstanding Greek state debt went up 32% in the first five months of 2015, exceeding 5 billion euros,...
Greece unemployment drops to 25.6% in April 2015
ATHENS: Greece’s jobless rate fell to 25.6 percent in April from an upwardly revised 25.8 percent rate in the previous...
Greece newspapers running out of paper reduces pages from 20 to 16
ATHENS: With banks shut and the economy seizing up, some Greece newspapers like the Empros daily on the island of...
Greece offers new tax hikes in latest bailout proposal
ATHENS: Greece offered new measures including a tax hike on shipping companies and scrapping tax breaks for its islands in...
Saipem exits South Stream pipeline project
ATHENS: Italy-based oil and gas contractor Saipem has exited the South Stream offshore pipeline project, which will connect Russia with...
Oldendorff takes two panamax bulk carriers for six month at rate of $7,500 per day
ATHENS: Oldendorff Carriers has taken two panamax bulk carriers out on six- and seven-month timecharters, which have been fixed at...
NewLead JMEG grants liability in breach of contract litigation
ATHENS: After a long-running court case, NewLead JMEG has filed a stipulation of liability in the breach of contract court...
Tsipras intends to phase out tax breaks for Greece shipping companies
ATHENS: Greece prime minister Alexis Tsipras has proposed to increase tonnage tax in the country and phase out the industry’s...
IMF to negotiate with Greece on bank crisis
WASHINGTON: Hated in Athens and brushed off by the Europeans, the International Monetary Fund (IMF) approaches the next round of...
Prospects of new Greece rescue rise at euro zone summit
ATHENS: Greece Prime Minister Alexis Tsipras won a commitment to seek a last-minute rescue at an emergency euro zone summit,...
Greece Faces Euro Exit Unless Tsipras Bows to Demands Sunday
ATHENS: European leaders set a Sunday deadline to rescue Greece, saying otherwise they’ll take the unprecedented step of propelling the...
Greece crisis may affect shipping industry in future
ATHENS: The Greece economy accounts for only two percent of the EU’s GDP, but any news on the country is...
Farstad shipping fixes four in Brazil, the North Sea
ATHENS: Oslo-listed Farstad Shipping has fixed four of its offshore vessels to international charterers operating in Brazil and the North...
Greece’s gets hours to Save Place in Euro: EU
ATHENS: Greece Prime Minister Alexis Tsipras was given hours to come up with a plan to keep his country in...
Greece, China, Iran Upend Oil’s World shares up by 10%
ATHENS: China is riding to the rescue. Or maybe fret even more because of that. PetroChina saw its mainland-listed A-shares...
European Commission Considers Bridge Program for Greece
ATHENS: A bridge program that will cover Greece’s financial needs for July has been discussed by European Commission President Jean-Claude...
Greece proposes tax to collect revenue of billion of Euros
ATHENS: Greece has proposed a tax amnesty in an effort to collect revenue on billions of euros that its citizens are...
European Commission Considers Bridge Program for Greece
ATHENS: A bridge program that will cover Greece’s financial needs for July has been discussed by European Commission President Jean-Claude...
Tsipras heads to Brussels with Greece future at stake
ATHENS: Greece Prime Minister Alexis Tsipras heads to Brussels in a last-ditch attempt to secure a rescue from European leaders...
