Real Estate Market Faces Severe Crisis

If measures are not imposed soon in order to raise the demand of real estates, the market will face a crisis. In other words,...

Greece Sold €1.625b Treasury Bills

Greece sold €1.625 billion of 13-week treasury bills with uniform yield of 4.58% at an auction on Tuesday. The amount offered was €1.25 billion...

IKA Employee Stole 60.000 Euro to Gamble

A 49 -year-old employee of IKA, stole 60.000 euro to gamble and has been arrested by authorities. The employee had gambled away all of his own...

Greek Banks Ready to Confront Crisis

 Greek banks are trying to raise their capital adequacy as they fear that a bonds cut might take place, because of the selective default and...

Orthopedic Surgeries Cost 10 Times More than Necessary

Bone transplants that cost 85.000.000 euro were carried out in Greek hospitals and clinics in the past two years. The hospitals have currently bought bone...

Bank Account Confidentiality Lifted

The Ministry of Economics decided to lift bank accounts confidentiality for those who have lately moved part of their deposits to foreign banks...

Step by Step Gamble Releasement in Greece

The liberation of gambling makes the privatization of companies more attractive. The state participates in this initiative via OPAP and Horse Racing Organization in...

Should Church Pay More Taxes due to Financial Crisis?

This is the third year Greece is dealing with a financial crisis and some propose that since salaries have been cut  and people are becoming unemployed, maybe...

Greece To Auction 13-Week T-Bills On July 19

Greece will auction €1.25b 13-week treasury bills on July 19, according to the country’s Public Debt Management Agency. Settlement date is July 22, 2011,...

Bounced Cheques Reached €988m In Jan-Jun 2011

Interbanking company Tiresias said that 15,679 bounced cheques worth €168.144 million were referred in June, increased by 7.75% on year. Since January 1, the...

Harry Potter Premiere is Top Ticket Seller

  50,349 viewers ran to watch the end of the epic story of the famous Harry Potter Harry Potter and the Deathly Hallows Part 2, sold...

Deutsche Telekom Raises OTE’s Equity Stake to 40%

Deutsche Telekom AG has raised its equity stake in the Hellenic Telecommunications Organisation (OTE) to 40%, following the completion of the purchase of a...

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