News archive of August 2018

New cabinet: Are they really the best we've got?

The cabinet reshuffle the argument goes, was a chance for a fresh start, a bid to reach out to society, to the younger generation and to other political groups. 

Folli Follie may seek protection from creditors abroad

Troubled luxury jewelry firm Folli Follie Group (FFG) is reportedly seeking judicial protection from its creditors abroad in order to manage the restructuring of loans that have been issued outside of Greece.

An outrageous and unfair tax

The Single Property Tax, widely known by its acronym ENFIA, remains an important factor in our lives, unfortunately.

It is a tax that is unfair - and sometimes tantamount to downright confiscation - as it is calculated on the basis of taxable values that no longer exist and is also imposed on properties that are not being rented out and are not being sold.

Lanthimos returns to Venice with quirky period drama

Left to right, British actor Nicholas Hoult, US actress Emma Stone, Greek director Yorgos Lanthimos, British actress Olivia Colman and British actor Joe Alwyn pose during a photocall for "The Favorite" at the 75th annual Venice International Film Festival, in Italy, Thursday.

SEV calls for fiscal discipline in post-bailout period

Greece's post-bailout recovery will require "a greater sense of responsibility" from the country's political leadership than that exhibited during the adjustment period of the last eight years, as Greece will lose the financial safety net provided by its creditors, the Hellenic Federation of Enterprises (SEV) said on Thursday.

Hundreds Join Missing Persons March in Kosovo

People marched through the main square of Kosovo’s capital Pristina on the International Day of the Disappeared to commemorate the people who are still missing from the 1998-99 war.

ATHEX ends lower on bank share sell-off

Turmoil in emerging markets caused by economic woes in Turkey and Argentina, and a strain on Greek bonds after Italian government paper came under selling pressure, pushed the Athens Exchange lower on Thursday.

The banking index was in negative territory throughout the session, despite HSBC's upgrade of the Greek sector to "buy."

Kosovo's Thaci Pushes for 'Border Correction' With Serbia

Kosovo President Hashim Thaci said on Thursday that a proposal for ethnic Albanians living in southern Serbia's Presevo Valley to join Kosovo will be one of the topics at his EU-mediated meeting with his Serbian counterpart Aleksandar Vucic on September 7 in Brussels.

Greek banks Alpha, Eurobank post weak Q2 results

Greek banks Alpha and Eurobank posted weak second-quarter results on Thursday, with Alpha swinging to a loss and Eurobank barely profitable as both focus on shrinking their bad debt load.