Progress was made on a couple of key pieces of reform legislation on Thursday as it was announced that representatives of the European Commission, commonly known as the troika, are

In a bid to ease the fallout from the financial crisis, the municipality of Volos, in Greece’s Thessaly region, wants to use vacant buildings to house the city’s homeless populatio

Greece’s largest toyseller Jumbo said first-half sales rose about 1 percent, in line with its expectations, after it pushed forward the opening of new stores amid an economic crisi

Association of Greek Tourism Enterprises (SETE) says the tourism sector can grow further in 2012 to account for 17 per cent of the country’s gross domestic product and 20 per cent

Greece’s largest labor union, GSEE, said Tuesday it would take part in talks with employers but has no intention of discussing a reduction in the minimum wage or other salaries

Prime Minister Papademos has said Greece may default on its debts in a matter of weeks unless trade unions accept further salary cuts.

Automobile sales fell by 31.3 per cent in 2011, with cars posting a 30 per cent decline, according to figures released by the independent Hellenic Statistical Authority (Elstat).

The breakaway regime of occupied Cyprus will conduct constitutional changes and will change its name if the Cyprus peace talks do not provide a solution by July 2012.

The majority of export-reliant Greek industries are adopting a defensive stance for 2012 after struggling to survive the economic hardships of 2011.

A top Finance Ministry official was charged this week with failing to collect fines imposed on firms for smuggling, court officials said, the second case to embarrass the governmen