Greek PPC sees price cuts, for some, of 5-15 pct

Greece΄s state run utility Public Power Corporation will ask for government approval to reduce prices (between 5 and 15 percent) for top-paying commercial clients...

Roubini: Time to face reality over Greece’s debt

Greece needs an orderly restructuring of its public debt to head off an "inevitable default", says New York University professor Nouriel Roubini, the man...

NBG denies share cap hike

National Bank of Greece (NBG) on Monday dismissed press reports alleging it was mulling a share capital increase plan. In an announcement, Greeceâs largest financial...

VAT increase from July

The rates of Value Added Tax (VAT) are to rise as of July 1, based on a tax bill recently passed by Parliament. The regular...

PM: Measures to boost entrepreneurship

Prime minister George Papandreou pledged on Friday that his government will take additional measures to boost the entrepreneurship and competitiveness of small and medium...

Metro dumps its Greek division because of crisis

The Swedish publisher of free newspapers, Metro International, said Thursday it had sold its Greek division because of the economic crisis in the...

Current accounts deficit up

Greece's current accouts deficit worsened in the January-April period, totalling 12.9 billion euros, up 25.5 pct compared with the corresponding period last year, reflecting...

Provopoulos: Greek Banks Have Adequate Capital

In an interview published in the Wall Street Journal, Greek Central Bank chief, G. Provopoulos said Greek banks had sufficient capital to see it...

SDOE outlines recent actions to uncover tax evasion, corruption

Greece's financial crimes squad SDOE on Friday released details of action it has taken in recent months to uncover incidents of tax evasion and...

Moody’s See Risk of Greek Default At 7% Over 5-Yrs -Report

Moody's considers that under its base-case scenario the risk of a Greek default is about 7% over the next five years, according to a...

FinMin Visits SDOE

Finance Minister, George Papakonstantinou (photo) on Friday visited the headquarters of the Financial Crime Enforcement Body (SDOE). He said that 6.000 cases of tax...

New Labour Relations at the Gate

Major changes in Greece's labour relations are at the gate. The new provisions, which practically put everything that the agreement provides for into practice,...

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