LARCO

The European Commission announced on Wednesday that it will bring Greece to the European Court of Justice (ECJ) for failing to recover state aid once given to Greek mining company Larco. Athens failed to comply with a 2017 ruling by...

Members of Rubicon anarchist group attacked the main offices of LARCO general mining and metallurgical company in the Athens suburb of Maroussi early Sunday morning. The Rubicon members damaged the front door and threw paint at the facade of the building....

An investigation by the European Commission has revealed that the Greek Larco General Mining and Metallurgical Company S.A. (Larco) was receiving 136 million euros in state aid, violating the European state aid rules. The Commission has announced that Larco must...

Talks between Greece and envoys from its international lenders immediately led to more demands for reforms and pressure on the government to shed itself of one of its defense industries and improve the woeful rate of tax collection with...

Greece's hopes to overhaul its notoriously inept and inefficient defense firms, as well as a mining company, were shot down by its international lenders who say the companies are so bad off they should just be shut down, although...

Hoping to rebound from more than three years of submission to demands from international lenders, Greece is hoping to achieve a primary surplus and then use that position as a bargaining chip to negotiate with the Troika of the...

Greece's proposal to overhaul three state-owned companies, Hellenic Defense Systems (EAS), mining company Larco and the Hellenic Vehicle Industry (ELVO) instead of privatizing or closing them has been rejected by the debt-stricken country's partners and creditors. The Troika of the...

With Greece's international lenders looking over his shoulder and pressing him to meet fiscal targets or face a cutoff in funding, Prime Minister Antonis Samaras told key cabinet members in the two-party coalition to speed up structural reforms in...

ATHENS – The new coalition government led by New Democracy Prime Minister Antonis Samaras has forced the manager of the state nickel producer LARCO to resign after he refused an order to reduce workers’ pay as part of efforts...