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Greece

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Bouncing cheques exceed 1.1 bln

The suffocating conditions of the market in Greece are illustrated by the huge sum of bouncing cheques and unpaid bills of exchange.

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Number of Greeks moving to Germany up 80 per cent

The number of Greeks relocating to Germany has increased by almost 80 per cent during the first half of the year.

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Economy contraction soars to 7.2 percent in Q3

Attainment of the government’s 6.5 pct recession target is looking increasingly difficult.

News

Hewlett-Packard picks Piraeus as transit center

The Development Ministry confirmed on Wednesday the provisional agreement recently signed between Cosco and Hewlett-Packard (HP) for the use of Dock II in Piraeus

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Only ‘real fix’ for Greek debt will do, insists IMF’s Lagarde

Eurozone must agree on a comprehensive strategy to reduce Greek debt.

News

Lives ‘at risk’ due to lack of ICUs

More than one in five units have shut down due to cutbacks and lack of staff

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Unilever shifts production to Greece

Multinational company announces it will outsource a large range of its products to local industries.

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First 2,000 civil servants face chop

Department heads given 5 days to draft list of staff joining redundancy scheme.

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Greece hopes for timely release of enhanced loan installment

Prime Minister Antonis Samaras sought on Tuesday to appear upbeat on the prospects of crucial rescue loans being released to Greece.

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Court casts doubt over migrant citizenship law

Doubt on recent legislation that granted citizenship and voting rights to second-generation immigrants living in the country.

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