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Greece

Greek Real Estate Market Set to Rebound in Post-pandemic Greece

Ana Vukovic, from Collier’s Greece and Serbia, spoke about the challenges of the post-pandemic world for Greek real estate.

Pompeo Solidifies US-Greek Relations in Visit with Foreign Minister Dendias

Greece and the United States reaffirmed their excellent bilateral relations and mutual desire to further deepen cooperation in a series of areas on Monday, in a meeting of Secretary of State Mike Pompeo and Greek Foreign Minister Dendias. The areas...

Greek PM Mitsotakis to Tour Europe to Present Economic Plan

Greek Prime Minister Kyriakos Mitsotakis will meet soon with several European leaders in order to present his plans for the Greek economy and to boost confidence in investing in the country. The prime minister will meet with French President Emmanuel...

Greek Museums and Archaeological Sites Closed on Thursday Due to Strike

Museums and archaeological sites are closed on Thursday as Culture Ministry staff went on a 24-hour strike in protest that monuments are to be included in Greece's privatization fund, the Hellenic Corporation of Assets and Participations S.A.. The privatization fund...

Strike to Close Acropolis and Other Major Greek Sites on October 11

Greece’s union that represents staff working in the sectors of public-run museums and archaeological sites has called for a 24-hour strike on October 11. The strike would cause disruptions for those who are hoping to see the country's ruins, as Greece’s...

Greek Budget: Primary Surplus Higher Than Target for January – August Period

The Greek state budget showed a primary surplus of €3.157 billion ($3.718 billion) in the January-August period, down from a primary surplus of €3.544 billion ($4,174 billion) in the same period last year, but up from a budget target...

Workers at Hellenic Petroleum Protest Privatization

On Monday, Greece's attempt to seal the deal in the privatization of Hellenic Petroleum was prevented by workers at the facilities who walked off the job for four hours to picket the entrance-way. Workers at Hellenic Petroleum managed to physically...

Despite Government Celebrations, the Greek Crisis is Far from Over

It is official: Greece is exiting the third bailout program and Prime Minister Alexis Tsipras is calling on all citizens to celebrate the end of borrowing and applaud the country's ability to stand on its own feet after eight...

OPINION: 'Macedonia' Issue is a Smokescreen for New Greek Austerity

The fact that the Greek government opened the controversial issue of the naming of the Former Yugoslav Republic of Macedonia (FYROM) at a time when creditors were pressuring Athens to implement reforms was suspicious from day one. Athens had agreed with creditors...

Greek Lawmakers to See Bailout Bill on Friday

A draft omnibus bill containing all the measures needed to conclude the fourth and final review of Greece's financial adjustment programme will be tabled in the Greek parliament this Friday. According to the government's plan, the plenary vote on the...

Eurozone to Move on Greek Debt With or Without IMF: Reports

IMF agreement will not be necessary for a June 21 meeting of eurozone ministers to back Greek debt-repayment measures, it was claimed on Tuesday. Media reports citing an unnamed EU source in Brussels stated that Thursday this week would see...

Greek State Wraps Up Sale of Thessaloniki Port

Greece's second-largest port has been sold off to a German-led group in a deal with €1.1 billion ($1.3 billion). Friday's deal is the culmination of the privatization of Thessaloniki port. Greece's government sold its 67-percent stake to a Deutsche Invest-led consortium on...

Delay Hits €5.7B Greek Bailout Payment

Greece failed to receive a fourth €5.7-billion ($7 billion) tranche of bailout funds on Monday, despite a senior EU figure confirming Athens had met "99 percent" of its reform commitments. However, European mandarins confirmed that work had started on a form...

Greece Will Keep €3B Privatization Promise, Says Official

Greece will maintain its plan to privatize many industries even after it leaves the bailout program in August this year. The Hellenic Corporation af Assets and Participations’ head, Rania Ekaterinari, told the Reuters news agency on Thursday that Greece would...

Greek Lawmakers To Fast-Track Raft of Reforms

Greek lawmakers are to fast-track an enormous bill needed for the country to complete a third review of its  bailout program. The 400-article, 1,326-page bill includes several thorny issues that opposition parties are likely to vote against. It will be introduced...