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Greece

Greece Among The Regions Benefitting Least From EU Single Market

A study conducted recently by the Bertelsman Foundation found that regions in Greece are among those benefitting the least from the EU's Single Market. The Single Market refers to the EU as one single territory without any internal borders or other...

EC Refers Greece to the EU Court of Justice for Single Market Rail Violations

The European Commission decided to refer Greece, Luxembourg and Romania to the Court of Justice of the EU on Friday for failing to transpose into national law Directive 2012/34/EU establishing a single European railway area. The Directive aims at strengthening...

Having Bottomed Out Since 2008, Athens' Real Estate Market Stabilizes

As Greece officially exited its international bailout on Aug. 20, one indicator of confidence in the country is its tentatively stabilizing real estate market -- especially in the capital, Athens. Athens - responsible for generating around 19 percent of the...

Property-Tax Hike Looms Over Greek Market

Greeks could be hit with higher property taxes if new rates being considered by the country's Finance Ministry come into play. According to a report in the Kathimerini newspaper on Thursday, Greece's Single Property Tax (ENFIA) could shoot up anywhere...

Greek Pensions and Labor Market Reforms to Be Discussed in 2nd Review Program

Measures concerning both the pension system and labor market reforms are expected to be the focus of talks during the second review of Greece's programme, Eurogroup President Jeroen Dijsselbloem informed the Dutch lawmakers on Tuesday, in the customary document...

Greek Home Market Among Cheapest in EU: Value for Your 200,000 Euros

Statista, the online statistics portal for market data, reports that a home buyer in Greece can buy the fifth largest home for 200,000 euros in the eurozone. Specifically, the amount can buy a newly-constructed 120 sq. meter flat that...

30% Chance of Grexit Warn Market Traders

There is a 30% chance of Greece defaulting on its debt and leaving the Eurozone in 2015, according to a recent poll of euro money market traders published in Reuters. While the poll median was 30%, one of the traders revealed that he/she feels absolutely certain...

Varoufakis Outlines Plan for Greece's Return to Market Borrowing

Greek Finance Minister Yanis Varoufakis outlined a plan that he said will allow Greece to return to market borrowing, in an interview to Greek newspaper "Avghi." Among others, the plan called for the issue of a low-interest, 30-year loan...

Greek Market Ends Down

Athens Stock Exchange ends 4.7% lower on Monday, weighed down by the news the Greek government has failed to get any bids for the sale of gas company Depa and only a single bid for Desfa. These two companies were...

EU Agency for Network and Info Security To Remain in Greece

The European Union Agency for Network and Information Security (ENISA) will remain in Athens, following an agreement signed on Tuesday by Digital Policy, Media & Telecoms Minister (DPMT) Nikos Pappas and ENISA executive director of Udo Helbrecht in Athens. ENISA...

Greece's Mandatory Milk Labelling Plan Meets Opposition from Dairy Industry

Greece's plan to make country-of-origin labeling on milk mandatory from 2018, has led to a backlash from some of the bodies of the dairy industry. Greek Agriculture Minister Evangelos Apostolou announced the plan on September 7, and the bill is...

European Commission Urges Greece to Adopt EU Laws Against Plastic Bags

The European Commission sent final warnings to Greece and another four EU member-states to complete the enactment of EU waste legislation and adopt measures to reduce the consumption of plastic carrier bags, in line with the Plastic Bags Directive...

Greeks in England May be Affected by Possible Stop of Free Movement of EU Residents

British Prime Minister Theresa May might be formally committed to stopping the free movement of EU citizens to Britain ahead of the June 8 elections, a fact that may affect thousands of Greeks living or studying in England. According to...

Greece Goes to EU Court for Unlawful Aid to Hellenic Shipyards

The Commission has decided to refer Greece to the European Court of Justice because it failed to comply with a 2008 Commission decision ordering the recovery of unlawful aid to Hellenic Shipyards. This follows a 2012 ruling by the...