Budget revenues lagged in 2011 while the EU expects GDP to shrink by a further seven per cent.

The labor reserve scheme, which is designed to place 30,000 civil servants on reduced salaries for a year was described this week by Administrative Reform Minister Dimitris Reppas

More than 300,000 jobs were lost in Greece from October 2010 to October 2011.

Conservative MP Gerasimos Giakoumatos says acient sites can bring revenue.

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.