Jan-Nov: Deviation Of Revenue And Expenditure

Despite the increasing trend in revenue, problems regarding the 2011 budget still remain. Income for the Jan-Nov period was increased by 4.8%, improved in...

Greek Shipowners Dealing With The 25% Of World Fleet

Greek shipowners remain dominant in the sea but also in trading, doing business with the 25% of the world fleet. They stay at the...

Unemployment Rate At 12.6% In September 2010

Unemployment rate in September 1020 climbed to 12.6% compared to 9.1% in September 2009 and 12.2% in August 2010. The number of employed shaped...

Rehn: Approval for Repayment’s Extension Postponed Until January

EU Economics and Monetary Affairs Commissioner Olli Rehn arrived in Athens on Thursday to talk about financial issues. After his meeting with the Minister...

Greek-Turkish Business Forum Held Today in Thessaloniki

The first Regional Greek-Turkish Business Forum meeting opens today in the Greek city of Thessaloniki. Speaking to the Anatolia News Agency, Mustafa Yardimci Member of...

GDP Decreased By 4.6% On Year

Greek Gross Domestic Product (GDP) for the third quarter of 2010 decreased by 4.6% in comparison with the third quarter of 2009 and by...

Professor Nouriel Roubini: Only Solution for Greece’s Economy is Leaving the Eurozone

Nouriel Roubini, professor of economics at New York University and consultant at the U.S. Congress, estimated that the only solution for the restoration of...

Fast Track Assessments Followed By Reduced Subsidies

The Greek government promotes a new development law that avoids direct state subsidies but offers tax exemptions, depreciations and guarantees low-interest-rate loans especially for...

Greek Loan Extension Negotiations to be Finalized

Negotiations on extending the international loans Greece received earlier this year to stave off bankruptcy will be finalized soon. European Commission President Jose Manuel...

Central Bank Governor Provopoulos Doesn’t Want Debt Restructure

According to a statement by Greek Central Bank Governor George Provopoulos to Kathimerini newspaper, Greece doesn’t need to restructure its debt to reduce its deficit.  He...

Standard & Poor Warns Greece of a Lower Credit Rating

Standard & Poor warned Greece it could receive a lower credit rating.  This stems from a possible European Union treaty that would change the seniority...

ATEbank Plans to Restructure & Reduce Staff & Wages

ATEbank will reduce its workforce by 1,000 persons, cut payouts by 10%, shut down branches and sell all its non-bank holdings as part of...

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