Closing of Military Camps and Airports

In order to save annually at least 500 million euros, the Hellenic Army General Staff decided to close Military Units and Airports, and...

Cypriot Parliament Approves the First Austerity Measures

The Cypriot Parliament voted for the first austerity measures. However, the rise of the TVA was postponed. The measures include salary and pension deductions for...

Germany Merkel Rejects Bilateral Collateral Deals For Greek Aid

German Chancellor Angela Merkel reiterated her rejection of bilateral deals on collateral in exchange for more aid to Greece in a newspaper interview Sunday,...

Alpha and Eurobank Agree to Merge

Two of Greece’s three biggest lenders, Eurobank EFG and Alpha Bank have reached an agreement to merge, according to reports, which would create one...

Financial Times Says Greece Will Declare Default

According to an article in the Financial Times, the second economic support package will be a waste of money due to the very...

Rise in New Companies Set up by the Young

The number of new companies set up in May and June showed a significant increase, especially in companies set up by young people. The...

Greek Tax Changes that will Make Your Wallet Lighter…a Lot Lighter

Greek tax legislation changes resemble pretty much Latin American soap opera episodes[...]

Inactivity in Tax Offices

Inactivity is observed in most of the tax offices in Greece. In the 286 tax offices, 360,370 cases were left pending by the...

Secret Conversations of Papandreou about Gas

The magazine “Epikaira” brings to light secret communications of the Greek Prime Minister with Israel and USA regarding the exploitation of oil and...

Greeks Continue to Prefer Foreign Products

 The economic crisis and the pressures from neighboring countries don’t seem to influence consumers according to a report from the National Statistical Service presented by...

Greece’s M&A Activity Gets Off to a Start

The recent acquisition of bankrupt company Fulgor by the Viohalco group through its Hellenic Cables subsidiary was the first move in a cycle of...

Venizelos: Next Two Months Expected Very Tough

How could privatizations proceed while the Greek exchange is in free fall? What was the reason for the agreement with Finland on collaterals? Why...

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