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Greece

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Construction activity drops dramatically

Greek public and private building activity, measured by the number of permits issued, fell almost 8 per cent in September from a year earlier, the Hellenic Statistical Authority sa

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Thessaloniki extortion gangs smashed

The suicide of a Thessaloniki businessman last year led to the unraveling of four extortion gangs and the arrest of 53 suspects

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Welfare benefits on government’s radar

All welfare benefits currently granted by the state are set to be scrutinized by officials at the Health Ministry in the coming months.

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Rate cuts for ancient sites

The Acropolis, Greece’s star attraction for 2,500 years, may be preparing for a bigger role

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English law set to rule new Greek bonds

“The request from our creditors, that the new bonds be governed by English law has not been accepted,” Prime Minister Lucas Papademos declared.

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Slow progress as clock ticks

A week after talks between Greece and its creditors, hit an impasse, the two sides remain bogged down over the interest payment.

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PASOK aims for March 18 leadership vote

PASOK is due to hold elections for a new leader on March 18 and officials close to current party chief George Papandreou insist that he has no intention in taking part.

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Poll shows withering support for PASOK and Papademos

PASOK’s declining popularity is threatening to consign the party that has dominated Greek politics for the past three decades to also-ran status at the next general elections, acco

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Most firms plan layoffs

Seven out of ten Greek companies are expecting to go ahead with staff cuts in the next few months.

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Winter sales the last hope for retail sector

The 2012 winter sales began last Monday across the country at a time when Greece’s retail sector is struggling.

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