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Greece

Mature Pension Rights will Not be Affected, Say Labor Ministry Sources

Pension rights which have been secured by June 30, 2015 will not be affected by the new agreement between the government and Greece’s lenders and this is something which the institutions have accepted, Labor ministry sources said, after a...

Acropolis Museum Celebrates August Full Moon with Tango

The Acropolis Museum, Athens, Greece, is celebrating August full moon on August 29 (Saturday) with the music and dance event “Tango Acropolis,” according to a press release. For the event, the museum’s courtyard will turn into a dance floor where...

Greek Markets Down Again

Greek stocks were down 4.5% in early trade today, dragged down by another near 30% plunge in banking stocks, a day after sustaining record losses when the bourse opened following a five-week shut down. The main Athens index lost 16.2%...

Greek Companies Lose 85% of Their Value Since 2007

A lot has changed between 2007 and 2015. One of the major changes in the economic sector was the average price of Greek companies, which changed a lot in just a matter of eight years. The Independent noted a dramatic...

Greek Municipality Union Sends Distress Signal to Ministry of Economy

The Central Union of Municipalities and Communities of Greece (KEDE) has alerted the Greek Economy Minister, Giorgos Stathakis on the stoppages of ongoing construction in Greek municipalities. According to a KEDE press release, KEDE president George Patoulis informed Stathakis that National Strategic Reference Framework (ESPA) directed...

More Greek Business Owners Move Their Companies Abroad

As capital controls continue and clouds of economic uncertainty loom over Greece, many business owners opt to move their companies abroad. According to a CNBC report, Philip Ammerman, a Greek-born investment advisor who moved his business from Athens to London...

Increasing Foreign Interest in Greek Island Properties

Foreign investors and buyers are frantically searching for properties on the Greek islands of Santorini and Mykonos, driving the demand to an all-time high. According to Greek realtors, the holiday home market in Mykonos and Santorini shows such high...

Greek Manufacturing PMI Recorded Unprecedented Contraction in July

Adding to a dismal Monday for the Greek economy, that has seen a stock market crash and significant revenue losses for Greek firms, financial information service company Markit released its July survey results on Greece's Manufacturing Purchasing Managers Index. The Manufacturing PMI denotes the well being of...

Cristiano Ronaldo Reportedly Buys Greek Island for his Agent

If reports are true, Jorge Mendes, a sports agent who manages some of the worlds greatest soccer players, just became the owner of a Greek island....without spending a dime! According to Portuguese news website Move Noticias, professional soccer player Cristiano Ronaldo gave Mendes, who is...

Greek Stock Exchange Crashes at 28-Year Low, Closing at -16.23%

The Athens Stock Exchange crashed at a 28-year low, closing at -16.23 percent on Monday. The Greek stock market had been closed for five weeks, after the Greek government imposed capital controls on June 28. But the re-opening of the...