Greece

It appears that the economic situation of 75% of households in Cyprus has worsened compared to last year, forcing Cypriots to cut back on fun, clothing and travel expenses. The company, Prime Consulting, conducted a survey on behalf of the...

The Greek President's salary is about to be halved under an amendment put forth in the Parliament, although it is moot for the current office holder, Karolos Papoulias, who has waived the monthly salary of 23,122 euros, some $30,351,...

ATHENS -  Greece’s interim Prime Minister Lucas Papademos says he gave up his salary as soon as he was appointed three months ago – President Karolos Papoulias did so earlier this month, relinquishing his annual $400,000 pay. Papademos made...

ATHENS – Watching Greeks having their pay cut and taxes hiked on orders of international lenders to keep rescue loans coming, President Karolos Papoulias said he will give up his annual salary of 300,000 euros, some $392,000, and blasted...

The President of the Greek Republic Karolos Papoulias has decided Wednesday to waive his salary, as announced by Finance Minister Evangelos Venizelos. During a meeting between the two officials, Papoulias asked the Finance Minister to make all necessary arrangements. According to...

Parliament on Thursday passed legislation that will freeze the powers of labour arbitration tribunals to award salary increases for a year, even in the private sector. Also passed were measures giving the government powers to proceed with the exploitation...

An appeals court judge on Wednesday filed a petition with Greece's Salary Court to cancel pay cuts imposed by the Greek government as unconstitional and contrary to the European Convention on Human Rights. The judge was protesting to cuts...

In one of history's lesser-known but fascinating episodes, a Greek mercenary found himself at the head of a band of soldiers of fortune fighting for the king of England during the 16th century. Thomas of Argos was a Greek mercenary...

The Migration Policy Ministry is developing a plan to spread about 20,000 migrants in small towns and rural communities across Greece, offering economic incentives to locals. According to a Proto Thema report, the project has been implemented in the town...

  Opinion, by Phaedon Boukas There are reasons why the most glorious country of ancient times defaulted to the IMF and went bankrupt, becoming the economic pariah of the world in the 21st Century. IMF put Greece in arrears on June 30 after...

Greek banker Theodoros Kalantonis, who has survived the worst of times in the past six years, said he can finally see the resurrection of home lending, in an exclusive interview at Bloomberg News Agency. Next year “will be a turning point for...

The tax burden for the one-earner Greek couple with 2 children is the biggest of the 34 OECD member countries. In particular, according to OECD’s report the tax burden at the AW level increased by 3.8 percentage points from...

According to the annual salary and benefit survey conducted by KPMG per sector, managers of the pharmaceutical and agrochemical sectors appear to be the “champions” in domestic entrepreneurship for 2013. KPMG’s surveys have been present in the Greek market for...

According to the six-month report on financial circumstances of the National Bank of Greece concerning the small and medium enterprises, their turnover, how much money they were taking in, fell by some 90. This serious blow to the economy has...

Striking Greek Metro workers said they will continue to defy a court order to return to work and stay off the job for a seventh consecutive day on Jan. 23, protesting plans to cut their wages from about 2,500...