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Energy costs hamper manufacturing's growth
Energy costs, overtaxation, non-salary costs, problematic financing and licensing are the five main obstacles preventing Greek manufacturing from gaining sustainable momentum, according to a Foundation for Economic and Industrial Research (IOBE) survey.
Banks enhance e-auction platform
Greek banks are increasing their efforts to combat the phenomenon of strategic defaulters, proceeding with the auction of all properties whose owners will not cooperate with lenders as regards the settlement of their debts. Banks are also trying to make residential property auctions more attractive to investors.
ATHEX: Stocks unable to retain gains
Greek stocks lost all the gains registered earlier in the day and then some, completing a sixth consecutive southbound session for the benchmark at Athinon Avenue on Tuesday.
PM, Mitsotakis spar on economy, Prespes name deal
Prime Minister Alexis Tsipras and New Democracy leader Kyriakos Mitsotakis clashed in Parliament on Tuesday ahead of a vote to revoke planned budget cuts that had been slated for January, trading barbs on economic policy as well as Greece's contentious name deal with the Former Yugoslav Republic of Macedonia (FYROM).
Europe's challenge
The European Union is confronted with a major crisis. The European project that consolidated peace and affluence in Western Europe in the decades following the Second World War is now coming under increasing pressure, while its significance is being seriously questioned with the rise of populist movements.
Christmas tree lights up in central Athens
The lights decorating a Christmas tree on Syntagma Square in central Athens were switched on Tuesday night by Athens Mayor Giorgos Kaminis. [ANA-MPA]
Greek-Chinese cooperation under Belt & Road initiative
Greek businessmen and Chinese scholars voiced confidence in the prospects of Sino-Greek cooperation in the context of the Belt and Road Initiative during a forum held on Monday at Piraeus port, Greece's largest harbor which in recent years has become a strong symbol of win-win bilateral cooperation between the two countries.
Crew member injured in Navy exercise
A crew member of the Hellenic Navy's missile boat Troupakis was lightly injured on Tuesday morning during a naval surface fire support exercise, the Hellenic Navy General Staff said.
The HNGS said the accident was caused by a malfunction of the OTO Melara 76 mm naval gun system.
The vessel was heading to Salamina naval station for inspection, it added.
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