EU Clears 10 Billion Euro Greek Recapitalization Banking Plan

The European Commission  cleared a Greek plan to recapitalize banks through the Hellenic Financial Stability Fund on Friday. The Fund has a capital of 10...

Greece Introduces New Regulations on Online Gambling

Greece has introduced a new draft legislation designed to regulate the country's online gambling market. Under the new law providers of sports betting, internet poker...

AB Vassilopoulos Launches Discount Brand

The first discount supermarket of  Greek retailer AB Vassilopoulos of The Delhaize Group will be opened in 2011, under the "Red Market" brand. Earlier...

Greek Government Halts Pension Payments to the Deceased

The Greek government determined that it has been paying pensions to people who passed away years ago. There were even cases in which the payments...

Over 170,0000 Greek Businesses Face Bankruptcy This Year

More than 170,000 small and medium sized Greek businesses risk going bankrupt by the end of 2011, unless the government changes its tax policy...

Finance Ministry’s New Legislative Plan to Regulate Gambling

Greece's government on Thursday said it has started public consultations on a legislative plan to regulate gambling. The Finance Ministry said around 4 billion...

Decline of Deposits in Greek Banks

A decline of deposits in Greek banks continued in June.  The Bank of Greece announced that deposits by businesses and individual depositors dropped during the month...

DJ: Greece To Appoint Three Financial Advisors

Greece will appoint three foreign international banks as advisors on privatizations and mergers of state-controlled banks, a person with direct knowledge of the matter...

Greek-Australian “Coffee Experts” are Looking to Enter the Greek Market

People complain about the price of a cup of coffee in Greece, but -let's face it- Greeks know how to create upscale coffee environments...

Prime Minister Meets with Leading Delegates Concerning Finance

Prime Minister Papandreou's meeting with Finance Minister  Papantoniou and the Governor of the Bank of Greece  Provopoulos centered on the state budget, deviation in...

Greek Economy May Shrink More Than 4.5% in 2010

The Greek economy is expected to contract more than 4.5% of GDP in the second half of the year, according to provisional estimates by...

Tourism in Greece in Better Shape than Many Believed

During a visit to two of the most popular Greek islands in the Aegean; we realized that tourism in Greece may not have been...

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