July’s Consumer Price Index Is Up 5.5% Compared to Last July

July's Consumer Price Index determined a  5.5% increase as compared to July 2009; stated the country’s statistical office yesterday. One year prior the annual rate of...

Papandreou Appoints Italian Economist & Banker Padoa Schioppa as Advisor

Prime Minister George Papandreou announced yesterday the appointment of Italian banker and economist Tommaso Padoa Schioppa to advise the Greek government on economic issues. The announcement...

Greek Banks Raise Saving & Lending Interest Rates

Greek banks raised their saving and lending interest rates in June, which reflects limited liquidity in the domestic banking system, stated The Bank of Greece on...

The Finance Ministry Announces Public Sector Audits

The Finance Ministry announced today dozens of audits in agencies of the broader public sector and formal inquiries into the activities of tax and...

Greece Urged to Accelerate Electricity Market

Greece is currently being pressured to accellerate efforts to liberalize its energy, specifically its electricity market. The liberalization effort and general deregulation focus is on...

800,000 Employers have 2 months to Settle their State Debts

Minister for Employment and Social Security Andreas Loverdos (photo) has given 800,000 employers – natural persons, firms and state-run companies – two months to...

42% of Greeks spend around EUR 94/month on gambling

77% of Greeks are against the idea for gambling to be put under state’s control, Vima daily informs, citing results of a sociological survey...

New Law Passed Concerning Over Indebted Households

The government is offering tangible support to Greek households government spokesman George Petalotis stressed on Wednesday, referring to a law allowing over extended Greek...

The EC, ECB & IMF to Keep an Eye on State Companies, Hospitals &...

Troika’s auditors will keep a close eye on Greek state-run companies, hospitals, insurance funds and structures of the local power. Experts with the European...

Five Greek Banks Pass EU Stress Tests ATE Fails

Five major banking institutions passed the stress test on Friday, while ATE, a state controlled bank failed. "The Bank will proceed to a capital...

Greece Appoints Advisors to Privatize State Controlled Institutions

An inter-ministerial privatization commission meeting on Friday agreed to appoint two to three advisors to examine the Greek state’s future moves in the country’s...

Greece tops EU customs seizures of counterfeit goods in 2009

Greek customs have confiscated the highest number of counterfeit goods within the European Union over the past year, according to the annual report issued...

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