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News

Chinese Investor Buys 100...

Chinese Investor Buys 100 Apartments in Athens’s Exarchia

A Chinese investor has bought 100 apartments in the Exarchia area, a Kathimerini newspaper report says.

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Jan.-Sept. Greek Primary...

Jan.-Sept. Greek Primary Budget Surplus at €4.5 billion,...

Greece’s primary budget surplus of 4.5 billion euros (£4 billion) in the first nine months of the year, is slightly below target due to lower tax revenues, finance ministry data showed on Monday.

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IMF’s Lagarde: Implementation...

IMF’s Lagarde: Implementation of Program, Debt Relief...

The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, met Monday in Washington with the Prime Minister of Greece, Alexis Tsipras, to discuss recent developments in Greece and key issues ahead.

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Stores Turned Into Holiday...

Stores Turned Into Holiday Homes in Chalkidiki

Stores and other small properties in Chalkidiki, northern Greece are being converted into residences, due to the high demand for holiday homes at low and affordable prices.

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Possible NBG Bond Buy by ECB...

Possible NBG Bond Buy by ECB Could Offer Support to Greek...

The European Central Bank could buy covered bonds issued by the National Bank of Greece under its asset purchase scheme, providing indirect support for the Greek economy, according to financial sources familiar with the matter.

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OECD Data Shows Greeks are the...

OECD Data Shows Greeks are the Hardest Working People in...

The idea that Greeks are lazy, laid-back people when it comes to work, has been a prejudice widely spread in northern Europe; and particularly in Germany, as the causes of Greek recession.

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Homes Worth Up to 300,000...

Homes Worth Up to 300,000 Euros to be Exempt From E-Auctions

All residences valued at 300,000 euros or less will be exempt from foreclosure auctions using the new electronic platform, according to an agreement reached by Justice Minister Stavros Kontonis and Greek banks on Wednesday.

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Cyprus President to Visit...

Cyprus President to Visit Russia Before End of 2017 –...

According to the Permanent Secretary of the Ministry of Foreign Affairs of Cyprus, Cypriot President Nicos Anastasiades will pay an official visit to Russia by the end of this year.

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Eurogroup: Dijsselbloem Says...

Eurogroup: Dijsselbloem Says Greek Bailout Solid, Regardless...

In today’s Eurogroup meeting, the head of eurozone finance ministers, Jeroen Dijsselbloem, said the agreement on the Greek 86-billion-euro bailout was “solid” and could not be changed by new governments.

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Notaries Claim Businessmen...

Notaries Claim Businessmen Offspring’s House Auctions are...

The Greek Notaries Association is accusing citizens’ groups fighting against private house auctions, of abolishing particular auctions of houses belonging to offspring of wealthy businessmen.

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Chinese, Russians and Turks...

Chinese, Russians and Turks Rush to Buy Property in Greece

Chinese, Russian and Turkish citizens are ranked in the top three in terms of the number of recipients of a five-year residence permit from Greece through property acquisition.

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Greek Permit for...

Greek Permit for Greece-Bulgaria Gas Pipeline to be Issued...

ICGB, the project company developing the gas interconnection Greece-Bulgaria, has said it expects to receive a building permit for the section of the pipeline on Greek territory no earlier than 2018.

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Archaeological Council...

Archaeological Council Decision on Hellinikon Met with Mixed...

Hellinikon S.A. investors are examining the decision of the Central Archaeological Council to declare about 280 acres – out of 6,200 – of the former Athens airport at Hellinikon as an archaeological site, with caution.

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280 Acres of Greece’s...

280 Acres of Greece’s Hellinikon Ruled Archaeological Site

Greece’s Central Archaeological Council (KAS) has ruled that a large part of Hellinikon airport area is a site of archaeological interest, and therefore it cannot be developed.

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Piraeus Bank, EIB, EBDR, Sign...

Piraeus Bank, EIB, EBDR, Sign €700 Million Investment Deal...

Piraeus Bank, Greece’s biggest lender, has signed a new investment deal for small and medium sized companies with the European Investment Bank (EIB), the European Investment Fund (EIF) and the European Bank for Reconstruction and Development (EBRD), worth 700 million euros.

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