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Greek News

Greek gov’t aims to get around looming pension cuts

21/05/2018 11:05 - Prime Minister Alexis Tsipras aims to avert or at least partially curb further planned reductions to pensions, due to come into effect on January 2019 in line with Greece’s bailout commitments, amid fears that the new austerity will deal a heavy blow to his government in the countdown to elections, Kathimerini understands. ...

Notable rise in gadget sale turnover

20/05/2018 16:05 - Sales of electrical and electronic appliances posted a considerable increase of 7.3 percent year-on-year in the first quarter of 2018, according to data from the GfK TEMAX survey on the Greek market. ...

Spurned by EU investors, Balkans looks to eager Turkey

20/05/2018 11:05 - Ivan Isailovic, mayor of the small Serbian town of Krupanj, is off next week to seek investors not in Munich or Paris, but in Istanbul – a sign of Turkey’s growing influence across the western Balkans that worries some EU states. ...

Expanding extrajudicial mechanism’s scope

19/05/2018 14:05 - The Economy Ministry appears to have agreed with the country’s creditors on the inclusion in the extrajudicial debt settlement mechanism of individuals who are partners of enterprises in trouble. ...

Greeks reluctant to file their tax declarations

18/05/2018 20:05 - Forty days before the deadline for the submission of tax declarations concerning the 2017 incomes, only 1 percent of taxpayers have done so to date. ...

Bailout talks focus on health sector, state posts

17/05/2018 22:05 - Discussions between government officials and visiting bailout auditors continued in Athens Thursday with a particular focus on measures aimed at boosting the cost efficiency of Greece’s health sector and appointing general secretaries to ministries amid concerns about political cronyism. ...

Greece to cut 2018 economic growth forecast to 2.0-2.1 percent

17/05/2018 15:05 - Greece will slash its projected economic growth rate this year to 2.0-2.1 percent from a previous 2.5 percent forecast, a senior finance ministry official said on Thursday. ...

Small retailers report sales drop

16/05/2018 22:05 - Small and medium-sized retail traders are none too pleased with their stores’ turnover during the spring sales that ended on Tuesday. ...

Cyprus has lowest annual inflation in the EU

16/05/2018 13:05 - Cyprus registered the lowest annual inflation in the European Union for April 2018, with a rate of -0.3 pct, according to Eurostat. ...

Greek banks must stick to goal to cut bad debt, source says

15/05/2018 13:05 - Greece's big banks must not relax efforts to reduce their bad debt after the positive outcome of a health check by the European Central Bank, a source familiar with the situation said on Tuesday, as the sector still faces challenges. ...


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