EU Commission: The Prespes Agreement is an opportunity to promote economic cooperation

“The Commission has launched a study on sustainable economic development in the greater region of the Prespes Lakes, with particular emphasis on tourism,” said Johannes Hahn, Commissioner for European Neighbourhood Policy and Negotiations [...]

Achtsioglou: Government fully ready to ensure compliance with higher basic wage

The labour ministry and the Labour Inspectorate are fully prepared to ensure compliance with the recently increased minimum wage, Labour Minister Effie Achtsioglou said on Wednesday, during a press conference with Deputy Labour Minister Nasos [...]

ESM chief Regling for Greece: There are some “open issues” at the moment

Greece is expected to be disbursed 1 billion euros of profit returns on Greek bonds holdings (ANFAs and SMPs) within 2019, the Managing Director of the European Stability Mechanism (ESM) Klaus Regling stated on Monday, addressing journalists [...]

The Hellenic Corporation of Assets and Participations (HCAP) transforms state-owned enterprises (SOES)

The Hellenic Corporation of Assets and Participations (HCAP) was established two years ago, with a goal, amongst others, to make state-owned enterprises (SOEs) in its portfolio more efficient and to ensure transparency, independence and accountability [...]

Regulation to provide generous ‘haircut’ in settling debts to social security funds

The regulation to settle debts to social security funds “will provide a generous ‘haircut’ up to 70 percent of a debt” and repayment in up to 120 installments, Deputy Social Security Minister Tassos Petropoulos said in [...]

Env. Min. Stathakis: Electricity rates have been reduced two years in a row

“The electricity prices dropped for two consecutive years,” Environment and Energy Minister George Stathakis said on Wednesday, speaking at the “Alli Diastasi” programme of public broadcaster ERT1. The reduction, Stathakis [...]

Foreign investors slightly raise participation in ASE in January

Foreign investors slightly raised their participation in the capitalization of the Athens Stock Exchange in January, to 63.8 pct – including the participation of Hellenic Financial Stability Fund – from 63.3 pct in December 2018, for [...]

Greece sells three-month T-bills with significantly lower interest rate

Greece on Wednesday successfully auctioned a three-month Treasury bill issue raising 812.5 million euros from the market at a significantly reduced cost, evidence of a positive climate prevailing in markets after the issurance of a five-year [...]

Legislative measures for non-performing loans to be introduced in February

Legislative measures addressing the issue of non-performing loans will be introduced “within February,” Economy and Development Minister Yiannis Dragasakis said on Wednesday in Parliament. “Whatever the regulation is, it must [...]

Greek investment opportunities in Balkans outlined by commercial attaches

The commercial attaches of Greek embassies in Albania, Bosnia Herzegovina, Bulgaria, FYROM, Romania and Servia highlighted the importance of the Balkan market for Greek businesses, in an event in Thessaloniki on Monday ahead of a presentation [...]