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Greece

News

Cyprus rating gets junk status

Cyprus’ sovereign debt has been slashed to junk status by the ratings agency Moody’s, due to heavy bank exposure to the Greece’s struggling economy.

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German funds for Ptolemaida electricity plant

More than half of the funding for the construction of Public Power Corporation’s new lignite unit at Ptolemaida, western Macedonia, will come from Germany.

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Venizelos to step down as finance minister

“Once I take over at the helm of the biggest party in parliament, I will have to devote myself to these new duties”. These words belong to current Finance Minister Evangelos Venize

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Greece presses charges over alleged 2008 Karamanlis plot

A Greek prosecutor pressed charges of treason and trying to destabilise the country against unknown suspects this week over an alleged 2008 plot to overthrow the then-conservative

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Funding approved

The International Monetary Fund on Thursday approved 28 billion euros in funding for Greece over the next four years.

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Greece’s unemployment rises to 20.7 per cent

Greece’s jobless rate rose to a fresh quarterly record of 20.7 percent in the last three months of 2012, reflecting the country’s deep economic malaise, exacerbated by austerity to

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Ex-ministers launch new socialist party

Two former ministers, Louka Katseli and Haris Kastanidis, launched a new party named “Social Pact” last Wednesday, promising that they would provide “realistic and radical policies

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E-tax return forms for high earners

Greek taxpayers with incomes over 15,000 per year will have to submit their forms electronically.

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PR firms to boost tourism to Greece

Greece is set to use public relations companies to help boost tourism for the country.

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Greece will need more austerity cuts

New bailout approved but EU wants 11.7 bln euros of savings in 2013/14

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