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Greek Tobacco Industry SEKAP on the Verge of Bankruptcy

The possibility of bankruptcy that is to be discussed at an extraordinary board meeting of the Greek tobacco industry SEKAP, is scheduled for Thursday. SEKAP;...

5 Losses Spinning Greece on a Downward Spiral

Austerity measures implemented in Greece as part of its long haul towards redemption have caused social and economic upheaval in the country. Regardless of...

Government Uploads List of Companies and People With Overdue Debts

The name of 13,730 big government debtors were published on the internet, however many of the names of companies on the list have either...

Warning Sirens Spark Fear for a Total Economic Breakdown

The July 5 referendum a year  ago and subsequent worsening of an already strained market climate for Greece has brought one business closure after...

U.S. Economist Galbraith Explains Varoufakis’ Plan B for Greece

American economist James Galbraith explains in his latest book the Plan B for Greece that was drafted last year by former Greek finance minister...

Jetoil: Another Greek Company Files for Bankruptcy

Greek family business, Mamidoil Jetoil, is the latest in a chain of companies filing for bankruptcy according to article 99 of the Bankruptcy Code....

Marinopoulos Granted Temporary Protection From Creditors

Greek supermarket chain Marinopoulos won temporary protection after applying for bankruptcy. The court decided to protect the privately-owned group from creditor foreclosures until September...

IMF Concerned Over Marinopoulos Supermarket Chain’s Problems

International Monetary Fund Spokesman Gerry Rice commented on the gloomy news of Greek supermarket giant chain, Marinopoulos, seeking protection from its creditors under an...

Marinopoulos Files for Bankruptcy: the Rise and Fall of an Empire

The end of an era has come for Marinopoulos, one of Greece's largest supermarket chains, that filed for bankruptcy on Tuesday following a domino...

Mega TV Saved From Bankruptcy But Still Hanging on a Limb

Last-ditch efforts to save Greece's private Mega channel from bankruptcy paid off on Wednesday with an agreement between shareholders reached at the eleventh hour....

Beginning of the End for Mega Channel?

Unfortunate news for Mega Chanel, as information released from Newpost, reported that the end of the channel's era was decided earlier in Tuesday's meeting with...

Large Greek Appliance Chain Files for Bankruptcy

Electroniki Athinon S.A., one of Greece's largest home appliances and electronics chain, announced on Wednesday that it has filed for bankruptcy after 66 years...

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