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Greek Government Arrears Piling Up

An increase of nearly 70 million euros was recorded in the government's arrears to individuals in June, with debts amounting to 5,134 billion, from...

Greek State Dodges Payments to Suppliers

The Greek State has only paid 47.2 million euros in the first two months of 2017 out of the 3.8 billion it owes to...

New Debts to the Private Sector Pile Up as Greek Government Repays Previous Debts

While the Greek government has begun to repay its debts to the private sector, new debts are starting to pile up, according to the...

Greece’s New €3.6 Mln Development Law Includes €2.5 Mln Repayment of Old Projects

The new 3.6-billion-euro development law tabled in Greek Parliament on Thursday includes 2.5 billion euros that will be used to repay older investment projects. Specifically,...

Greek State Employees and 57 Companies Engulfed in Latest Corruption Scandal

A high-ranking official of Greece's General Accounting Office has been charged for illegally making the Greek state a guarantor to 57 businesses in Northern Greece that were facing financial challenges. The...

Troika Returns to Athens to Assess Greek Economy and Start Negotiations

The troika of international creditors returns to Athens on Thursday to start assessing the state of Greece's economy, complete the review of the second...

Greek Public Sector Pensioners Reach Almost Half a Million in 2014

The number of public sector pensioners reached 468,422 in 2014 and cost almost 6 billion euros, while 55.176 were added in the past five...

Greek State losing 7.5 Billion from Motorways

As revealed in a report by the General Accounting Office, the Greek State loses 7.5 billion euros, according to the terms of the new...

State Bill Payments Still Lagging

The State’s General Accounting Office has paid 4.3 billion euros in overdue bills but still owes 1.4 billion euros to individuals, with some businesses...

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