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| A Thessaloniki prosecutor on Friday was questioning a 35-year-old woman who was arrested by police earlier this week on embezzlement charges, after a number of complaints that she had promised citizens government jobs in exchange for money. The unnamed Th... ... |
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| In a joint letter addressed to the Greek government and the European Union on Friday, worker and employer representatives said they rejected cuts to the minimum wage and to the salaries of private sector workers paid in 14 installments over the year to co... ... |
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| Greece sees its 2011 budget deficit at between 9.1 and 9.4 percent of GDP, somewhat smaller than previously estimated thanks to better-than-expected property tax receipts, a Finance Ministry source said on Friday. That number would, however, still be high... ... |
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| Public Power Corporation workers blockaded the building of the Greek energy authority RAE on downtown Pireos Street early on Friday morning, in protest at recent revelations regarding private energy suppliers Energa and Hellas Power, which had their licen... ... |
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| The Greek Justice Ministry's website was out of order on Friday morning after being attacked by a group of international hackers sending an anti-austerity message to the Greek government. Known as 'Anonymous,' the group has in the past hit the American Ju... ... |
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| Greece's fight to win its second international bailout may only open a new chapter in its struggle to remain in the euro area. The rescue plan, which European officials and Greek creditors say may be wrapped up in coming days, includes a loss of more than... ... |
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| After several days of gains, declining bank stocks dragged the main index as well as most other blue chips south on the Greek bourse on Thursday. The Athens Exchange (ATHEX) general index ended the day at 792.44 points, declining by 0.46 percent from Wedn... ... |
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| Greece is having to resort to ordering an extra load of liquefied natural gas, set to arrive at the islet of Revythousa in the Gulf of Megara, west of Athens, in the early hours of Sunday, as the country faces a serious shortage. Owing to the spell of ver... ... |
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| Prime Minister Lucas Papademos faces his toughest challenge since he assumed his role last November as he prepares to meet -- either Friday or Saturday -- with the leaders of the three parties in the shaky coalition and win their backing for additional au... ... |
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| Cruise professionals in Greece acknowledge the efforts that have been made to fully liberalize the sector, but believe that the job has not been done as completely as it should have in a new draft law set for submission to Parliament. The main objection t... ... |
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| With the agreement on PSI (private sector involvement) very close to completion, attention is now turning increasingly to official sector involvement, or OSI, as far as the Greek debt haircut is concerned. Finance Minister Evangelos Venizelos called on th... ... |
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| February 2, 2012 at 11:13 PM |
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| With the agreement on PSI (private sector involvement) very close to completion, attention is now turning increasingly to official sector involvement, or OSI, as far as the Greek debt haircut is concerned. Finance Minister Evangelos Venizelos called on th... ... |
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| Illegal traders have found an unlikely ally in empty state coffers as the Financial Crimes Squad (SDOE) is in many cases unable to go ahead with the confiscation of illegal fuel or cigarettes. With state warehouses and customs facilities full, SDOE cannot... ... |
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| PASOK chief and former Prime Minister George Papandreou Thursday sought to defend the record of his short-lived administration and galvanize support for his crumbling Socialist party. "There were some delays and mistakes but we really began to tidy up the... ... |
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| If the government enforces a law giving homeowners a maximum of 80 days to pay a property tax bill, Public Power Corporation will have to cut off half a million households, employees of the electricity company said. Around 500,000 homeowners have not paid... ... |
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| The managing director of the Hellenic Horse Racing Organization (ODIE) was granted conditional release on Thursday. Alexandros Zacharis was arrested for unpaid taxes amounting to almost 1 million euros from revenues gained by betting at the Markopoulos ra... ... |
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| Prosecutor Panagiotis Mantzounis on Thursday supported the conditional release of Ephraim, former chief monk of the Vatopedi Monastery on Mount Athos, from Korydallos Prison, where he is being held in connection to a controversial landswap deal between th... ... |
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| An informal meeting between Development Minister Michalis Chrysochoidis and party supporters in the Piraeus neighborhood of Korydallos Thursday drew the attention of a small crowd of anti-austerity protesters. The group gathered outside the venue where th... ... |
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| Cyprus's inflation rate fell to 3.1 percent in January from 3.9 percent in December, the Nicosia-based Cyprus Statistical Service said on its website on Thursday. [Bloomberg] ... ... |
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| Workers on strike at Cyprus's soft drink producer Lanitis Brothers Ltd, a unit of Greece's Coca-Cola HBC, will continue their industrial action until Monday, a union official said. About 350 workers at the plant went on strike on Thursday after the compan... ... |
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| The number of tourists coming to Cyprus will probably rise in 2012, helped by higher visitor numbers from Germany, the UK and Scandinavia, Finance Minister Kikis Kazamias said on Thursday. "Tourism prospects in 2012 continue to be positive and a marginal ... ... |
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| MPs reject reduction in funding It is impossible to understand what planet these MPs live on. No matter how one slices it, zero per cent of anything always remains a zero. They not only managed to spend it all but got the country and themselves in debt to... ... |
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| Greece is currently crushed: Over the last three years, its economy seems to have been spiraling endlessly downward with gross domestic product declining nearly 15 percent, shops closing, and unemployment increasing. Often those lucky enough to still have... ... |
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| Archbishop Ieronymos, the head of the Church of Greece, has taken the rare step of writing to Prime Minister Lucas Papademos to express serious concerns about the effectiveness of the government's fiscal policy and the effect it is having on Greek people.... ... |
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| Prime Minister Lucas Papademos is to meet the leaders of the parties in his coalition government late on Thursday, or more likely on Friday, as he attempts to conclude negotiations on Greece's new bailout package. Papademos is waiting for the conclusion o... ... |
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| Environment Minister Giorgos Papaconstantinou has approved an increase from 24 to 36 in the number of instalments that owners of illegal homes can pay the penalty to protect their properties from further fines or demolition. Some 225,000 people have so fa... ... |
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| Former Finance Minister Giorgos Papaconstantinou has welcomed an imminent parliamentary probe into claims that Greece's 2009 public deficit figure was fiddled as a great opportunity to discuss the state of public finances when the PASOK government took ov... ... |
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| Dozens of villages around Greece have been cut off due to heavy snowfall in some parts of the country. Around 90 villages in the area of Trikala in central Greece have been snowed in. Ioannina airport in northeastern Greece has been closed due to the snow... ... |
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| Olympiakos striker Kevin Mirallas has employed a private security firm to guard his house in Vari, southern Athens, after it came under attack. Police sources said that rocks were thrown at the property's windows by unidentified assailants. Nobody was inj... ... |
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| Business representatives and workers' unions are due to meet on Thursday to discuss proposals to bring down labor costs in Greece. The European Commission, International Monetary Fund and European Central Bank – or troika – have asked Greece to find ways ... ... |
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| There are almost 500,000 cases outstanding at Greece's administrative courts alone, Justice Minister Miltiadis Papaioannou told a parliamentary committee on Thursday. He said that as of last June, there were just over 466,000 administrative court cases, i... ... |
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