Greece

The Greek government has launched the necessary legal procedures for the further commercial development of ten large regional ports in the country, according to an announcement issued on Friday. Finance Minister Christos Staikouras and Shipping and Island Policy Minister Giannis...

Greek Productive Reconstruction, Energy and Environment Minister Panos Skourletis addressed the future of Greece's state-owned utility company Public Power Corporation (DEI) and the future of energy in Greece, during an interview with realfm 97.8 radio station, on Monday. The Greek state currently...

Russian Railways (PZD) is still in talks with the Greek government on the possibility of submitting bids in the privatization of related Greek state companies, Russia's railway boss Vladimir Yakunin said on Wednesday. Talking to the Public Chamber of the...

Fourteen regional airports in Greece are expected to pass to private companies in the next two months, according to the Hellenic Republic Asset Development Fund (HRADF) schedule. The transfer of management from the state to private owners will have a...

Hellenic Postbank, a small state-controlled lender, is insolvent, Finance Minister Yiannis Stournaras said, and must be sold or transferred to private investors. It was a big lender to the government, which last year imposed 74 percent losses on investors,...

An inter-ministerial privatization commission meeting on Friday agreed to appoint two to three advisors to examine the Greek state’s future moves in the country’s banking system and to adopt a more efficient management policy of the state’s real estate...

Traffic in parts of the Greek capital came to a standstill on Tuesday as Greek transport workers joined a 24-hour public sector strike over pension reforms. Buses, trolleys, trams and metro transportation will be out of operation for the day....

Buses, trolleys, trams and metro transportation will be out of operation in Athens on February 18, as employees will be taking part in the 24-hour strike against the new social security bill expected to be brought before Parliament on...

JOINT STATEMENT The Governments of the United States and Greece held the second United States-Greece Strategic Dialogue in Athens, Greece, on October 7, 2019. Greek Minister of Foreign Affairs Nikos Dendias and US Secretary of State Michael R. Pompeo together launched...

Greece's new Prime Minister Kyriakos Mitsotakis on Saturday announced immediate tax cuts on single properties and businesses, wage increases and a vote to Diaspora Greeks, among other promises. "The July 7 elections ended the cycle of crisis," Mitsotakis said before...

The recent proposed legislation on the use of Greece's shoreline which was brought before the Greek Parliament contained an article - Number 34 - which stipulates that illegal structures for business purposes can be legalized with an appropriate fine. The...

Only a few kilometers from the center of Athens, much of Attica's coastline, from Mikrolimano in Piraeus to Sounio, is currently a construction site as the bold project to rejuvenate the spectacular seashore area is now under way. The coastline...

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...

The Greek Ministry of Culture dismissed on Thursday allegations by archaeologists that a series of archaeological sites are to be privatized. In a statement it said that properties of archaeological interest are not for sale. "Our cultural heritage cannot be traded,"...

The decision by Greece’s largest carrier Aegean Airlines to order 42 aircraft worth $5 billion (€4 billion) has been described as the biggest private investment of recent years in the country. "It's not just the biggest order in Aegean Airlines's...