Germany Owes Greece 11 Billion Euros From the Nazi Occupation Loan

Germany owes the impressive amount of 11 billion euros to Greece, solely due to the forced occupation loan taken by the Nazis during World...

Crisis Leaves Greek Military Outgunned By Turkey

Struggling with a crushing economic crisis that has cut government spending across the board, Greece's military is seeing itself unable to keep pace with...

Gazprom Offers Cyprus Restructuring Deal to Avoid EU Bailout

Russian energy giant Gazprom has offered the Republic of Cyprus a plan in which the company will undertake the restructuring of the country's banks...

Born In Debt: Greece’s History of Borrowing

“From the beginning, our state had no other choice than to live on credit. We were born in debt.” - Gerassimos Notaras, head archivist, historical...

‘Greek Pony’ Maker Namco is Back in the Game

Greek production and exports are the antidote to the ongoing economic recession. The fourth generation of the car manufacturer company, Namco, is prepared under...

Bailout Cuts Cyprus Bank Accounts, Withdrawals Barred

Cyprus, whose banks were pushed to the edge of default by their exposure to heavily devalued Greek bonds, will get a 10 billion euros...
Kastoria's economy is based on fur related product manufacturing

This Town Could Die from the Russian Import Embargo to Greece

A long-lasting Russian embargo on Greek fur products could destroy the beautiful town of Kastoria, an international centre of fur trade in Northern Greece. "The town's economy depends on...

Controversial Proposal for Tackling Unemployment

Centre of planning and Economic Research in Greece has proposed a controversial measure in order to deal with the problem of increasing unemployment in...

Piraeus, Fastest Growing Port in 2013

The total number of containers handled in 2013 at the port of Piraeus exceeded all expectations, making Greece’s largest port the fastest growing in...

Property Taxes Could Leave Greeks Homeless

During the conference of the Hellenic Property Federation (POMIDA) which was held on Saturday in Athens, the president of the Federation Stratos Paradias, underlined...

Greece Wants Greek Ship-Owners to Contribute More

According to Posidonia Exhibitions SA, Greek ship-owners set a new record of orders to shipbuilding companies in 2013. The number of orders made by...

Puma Joins Exodus From Greece

The noted athletic shoe and sporting goods company Puma said it’s giving up on Greece too, joining companies such as Coca-Cola – the country’s...

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