Greece

According to a survey by the Institute of Small Businesses (IME) of the Hellenic Confederation of Professionals, Craftsmen & Merchants (GSEVEE), 9 out of 10 businesses in Greece lost revenue due to capital controls imposed on Greek banks. The survey, conducted...

The annual survey carried out by the Small Enterprises’ Institute (IME) of the Hellenic Confederation of Professionals, Craftsmen & Merchants (GSEVEE) reveals that the worsening of Greek households’ finances has led to big cuts in expenditure, especially for food,...

According to the latest survey conducted by the Institute of Small Enterprises (IME/GSEVEE) in cooperation with MARC Company, six out of ten Greek households are unable to pay their monthly utility bills (electricity, water), taxes and bank loan tranches. In...

Greek police have arrested seven women for working illegally as nurses in two hospitals in the Attica region. In a statement, police said they detained the "exclusive nurses" in an operation by the Attica Aliens Directorate on Thursday. Among those detained...

Crisis-stricken Greeks have seen their wealth decline by 40%, their income dropping 26% and food consumption reduced by 27% in a five-year period, a Bank of Greece study shows. The data applies to the 2009-2014 period and shows that annual...

The reaction of public entities and unions to the new austerity measures the Greek government is trying to pass was expressed with strong language in the House at the discussion of the new omnibus bill. Phrases like "You conned us!",...

One in three families in Greece has at least one unemployed member, while the middle class is dwindling, a new survey on behalf of the Hellenic Confederation of Professionals, Craftsmen & Merchants (GSEVEE) says. The research was conducted by MARC...

A growing number of Greek professionals, unable to meet the demands of a Greek state system that often requires freelancers to pay tax on money they don't receive, are closing their receipt books to make ends meet. The Hellenic...

The Greek economy is in ongoing recession with forecasts looking ominous for the sustainability of businesses, consumption and unemployment, a report says. According to a study by the Institute of Small Business of the Hellenic Confederation of Professionals, Craftsmen and...

Aside from Greek government officials, including the prime minister himself, hardly anyone either inside or outside Greece believes that recovery is on its way. If anything, the general consensus seems to be that the economic situation in the country...

Thursday's 24-hour strike launched by almost all professional groups, workers, public sector employees and mass transport services leaves Greece paralyzed for the day, while dozens of thousands of people took it to the streets in protest. The Greek government's proposal...

Almost 6,000 Greek businesses have relocated to Bulgaria in the last two years alone, says the Hellenic Confederation of Professionals, Craftsmen and Merchants (GSEVEE). In addition, about 60,000 Greeks have registered new companies in Bulgaria's tax offices or opened accounts...

Greece's largest private and public sector unions GSEE and ADEDY will hold a strike on February 4 to protest against the government's planned pension reforms. Public transport is also disrupted on Tuesday, February 2, as there are no services on...

The dire state of the Greek economy is reflected in the inability of many households to fulfill their tax obligations, says a study conducted on behalf of the Hellenic Confederation of Professionals, Craftsmen & Merchants (GSEVEE). The study, conducted by the Institute of...

The Greek banking system could be slowly regaining some pace. Bloomberg reported on Tuesday that since Greek banks reopened on July 20, customers have deposited 1 billion euros in the country's banks. The news agency cited an anonymous senior official at the Bank of Greece who...