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Greece

Greek State to Subsidize Ferry Routes to Islands To Keep Connection Alive

Greece's Ministries of Shipping, Finance, and Growth announced recently that the state will subsidize all ferry connections between the country's mainland and its islands, in order to keep the minimum amount of cohesion across the country, despite the coronavirus...

Turkish Hackers Conduct Multiple Cyber-Attacks on Greek State Websites

Several Greek government websites fell prey to cyber-attacks on Friday evening, forcing some of them to shut down entirely for security reasons, after access to them became problematic. Among those attacked by hackers were the websites of the Greek Parliament,...

Greek State Borrows €625 Million at Interest Rate of Zero

Greece's Public Debt Management Agency (ΟΔΔΗΧ) announced on Wednesday that it pumped €625 million into the economy by selling 26-week Treasury Bills at a 0.000 percent interest rate. The total bids reached €1,802 million and the amount finally accepted by...

Greek State Budget Surplus Up by €1 Billion Compared to First Quarter of 2018

The Greek state budget recorded a primary surplus of €1.85 billion in the first quarter of 2019, up from a surplus of €840 million in the same period last year, the Bank of Greece said in a report released...

Greek State Seeks Interpreters Who Speak "Macedonian"

The Greek government announced on Thursday that it is seeking to hire interpreters who have a command of the "Macedonian" language. It is the first time that Greece has includes the "Macedonian" language among the list of skills and competences...

Orthodox Priests to Remain on Greek State Payroll

The Greek government announced on Tuesday that an agreement has been reached between the state and the Orthodox church which keeps priests on the civil service payroll. Clerics were in an uproar following a provisional plan agreed to in principle...

Teachers Bring Their Protest over Jobs to Greek State TV Studios (video)

A group of teachers was on ERT TV shortly after 9 p.m. Saturday, interrupting the main news broadcast. The newscaster suddenly announced, mid-report, that the broadcast was being interrupted for a commercial break. When the newscaster returned from the break viewers...

Greek State Delays Winery Deal for a Debt of 3 Cents

A Dutch businessman railed against against the Greek State this week, furious at the unnecessary delaying of his business deal for a debt of 3 cents he owed to the tax office, according to a report on Voria.gr news...

Greek State Champion in Overtaxing

The The The nation of Greece is once again a champion in overtaxing  its citizens, ranking 29th among 35 OECD countries, as shown in the 2018 International Tax Competitiveness Index (ITCI). The data was presented by the Center for Liberal Studies (KEFIM),...

Greek State Debt to Private Sector Exceeds €3 Bln

With €306 million added in August, Greek State debt to private companies and individuals reached €3,036 billion, from €2,73 billion at the end of July. From the €3,036 billion, €1,974 billion are debts of government organizations and agencies to businesses doing...

Greek State Debt Rises to €345.3 Billion in June

Greece's central government debt reached €345.3 billion at the end of June, up from €343.7 billion three months earlier, according to data published by the General Accounting Office on Friday. The state's cash reserves stood at €13.08 billion, up from...

Five Billion Euros Added to Outstanding Debts to Greek State in June

New outstanding debts to the Greek State in June amounted to €5.192 billion, compared to €4.764 billion in May, according to the Independent Authority for Public Revenue (AADE). Out of the €5,192 billion euros, €4,164 billion are unpaid taxes. Of the...

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...

Greek State Bond Yields See Fall

Greek state bond yields declined further on Thursday, with the yield of the 10-year benchmark bond dropping as low as 4.06 percent. The trend is seen reflecting a prevailing positive economic climate in the country. An economic restructuring and the prospect...

Bishop Calls on Christians to Boycott Greek State TV

The influential bishop of Kalavryta, Amvrosios, has called on all Greek Orthodox Christians to boycott public broadcaster ERT for its coverage of the musical Jesus Christ Superstar which opened recently at an Athens theater. In an open letter, the bishop...