Deputies of the left-wing party “Democratic Left” Fotis Kouvelis, Grigoris Psarianos, Thanasis Levendis and Nikos Tsoukalis posed a question to the Minister of Labour concerning the paper company “Diana”, asking specifically whether he were informed about the problems of the company and what measures he was planning to take.  It has become known that the [...]

The Deputy Minister of Economics Philippos Sahnidis confirmed on Tuesday that the exchange of state bonds will start in August. As a result, individuals who hold state bonds will be able to exchange them with other bonds of longer maturity. The conditions of procedure will be announced soon by the ministry. The Deputy Minister also [...]

  An Iranian man was hiding €160.000 and $100.000 in his car. The large amount of money was confiscated by the Greek Custody in Kipoi. The man was carrying the money in banknotes. He explained to authorities that he was about to transfer money to London because he wanted to purchase a machine for the company he [...]

The Port Police-Hellenic Coast Guard have published evidence regarding contraband cigarettes & , trafficking. From 01/01/2011 until 21/07/2011, it was revealed that 17.184.005 packets of cigarettes have been confiscated while the total loss of taxes is estimated to be 53.670.323 euro. They have arrested 132 people up to now traveling mainly on ships with flags of Ukraine, Bolivia, Comoros, Sao [...]

Greece must push forward with structural reforms, including privatization in certain industries, China’s ambassador to the country, Luo Linquan, said Sunday in an interview with Xinhua News Agency. Privatization in sectors including transportation, new energy, electricity and water supply could provide good opportunities for foreign enterprises, Xinhua quoted him as saying. Greece’s current debt level [...]

The Council of State has judged the planning permission of 22 luxurious buildings in the area of Stavrokinikta, Chalkidiki as illegal and has given the green light to demolish them. The applications made by the owners asking to pronounce the buildings as legal , was rejected. Constitution prohibits public or private forest areas to be used for house building purposes. However, judges [...]

The director of the City of Athens Homeless Shelter was arrested for passive bribery, violation of duty and money laundering. The president of the City of Athens Homeless Shelter and a 43 year old colleague are also involved in the case. According to the police, some days ago the general director of the catering company [...]

Fitch Ratings Friday said the role of the private sector in the new Greek bailout plan would constitute a “restrictive default” event, but the commitments agreed on Thursday by European leaders represent an important and positive step towards securing financial stability in the Eurozone. According to a statement, a more unified and coherent policy response [...]

Home Office has given an amount of 3 billion euro in financial help to the Municipality of Piraeus to deal with its current costs. H. Kastanides signed a document calling for this action. The Municipality of Piraeus has operating expenditures and other costs that have to be covered immediately, otherwise problems will arise. This sum of money is a deposit [...]

The largest pension funds in Greece are in very difficult position as they have absorbed the biggest part of annual appropriations in the budget in the January-June period, while there is a gap of 4,953 million Euros in the budget execution for the same period. According to the data available for the execution of the [...]