Fears of Grexit and Drachma Drives Greeks to Unload Hidden Cash in Real-estate

As the outrage mounts in Greece over even tougher austerity measures and €5.4 billion budget cuts, the fear of a Grexit and revival of...

More than 10,000 Homes Passed to the Greek State in 2016

More than 10,500 real estate properties were passed to the Greek State in 2016 because of the inability of owners to pay their tax...

Rich Turks Buy EU Resident Rights by Purchasing Property in Greece

Many prosperous Turkish citizens acquire free movement in Europe, by purchasing real estate property in Greece; an act that gives them full EU resident...

Thessaloniki Port Tender in Process After Opposing Minister Leaves

The replacement of former shipping minister Theodoros Dritsas signified that procedures for the privatization of Thessaloniki Port Authority (OLTH) are restarting. The procedure for the...

Greece Leads Global Fleet in Cargo Ships

Greece leads the world fleet in cargo carrying capacity with 309 million of deadweight tonnage(dwt), with Japan, China, Germany and Singapore completing the top...

Energy Minister Skourletis: ‘Agreement on ADMIE a Huge Success for the Government’

"The agreement for Independent Power Transmission Operator (ADMIE) has closed and its implementation is underway. The agreement clearly states the need for PPC to...

Greece Records Second Best Year in Wind Power Installations in 2016

Greece recorded the second best annual performance after the 2011 record in 2016 with new wind power unit installation with a power of 238.55...

Over 50% of TAP Gas Pipes in Greece Already on Ground

Over 50% of the TAP gas pipes in its Greece route (276km of pipeline) have been placed in the ground and have been backfilled,...

Greeks Paying €1.02 Tax for Every Liter of Gasoline they Buy

As the price of gasoline reaches an average €1.68 ($1.99) per liter in Athens and almost €2 on some islands, crisis-stricken Greeks are leaving...

Bloomberg: ‘Greeks Depart On Odyssey For Jobs’

The relocation of human capital has "bleeding" dimensions for Greece, a country that is steadily losing its "creme de la creme", journalists Flavia Krause-Jackson and Jordan...

Greek Entrepreneurs Sail on Startupboat to Provide Practical Solutions for Refugees

Since January 1, 2015 some 710,000 migrants and refugees have arrived in Europe, according to Frontex. The vast majority come from the war-torn regions...

Committee Says, Greek Merchant Shipping Fleet Up to 4,092 Vessels

Greek-interest merchant shipping fleet totaled 4,092 vessels in February 23, 2016, up 35 vessels compared with the same period last year, the Greek Shipping...

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