Latest News from Greece

Griveas, Vatsika granted deposition extension

Businessman Kyriakos Griveas and his wife, Anastasia Vatsika, were granted an extension to submit their depositions after facing an Athens magistrate on Thursday.

The couple is facing charges for allegedly receiving unsecured business loans worth 17 million euros from the Hellenic Postbank (TT). The funds allegedly ended up in their personal accounts.

Unemployment at 26.6 percent second quarter of 2014

Unemployment in Greece stood at 26.6 percent in the second quarter of 2014, compared to 27.8 percent in the previous quarter and 27.3 percent in the corresponding quarter of 2013, according to figures released by the Hellenic Statistical Authority, ELSTAT, on Thursday.

SYRIZA ahead of ND, new opinion poll shows

A new opinion poll conducted in September showed opposition SYRIZA ahead of conservative New Democracy. The survey was carried out by a University of Macedonia research institute on behalf of Skai.

London roadshow starts with record turnout

By Anestis Dokas

The Athens Exchange’s London roadshow got under way at Bloomberg’s headquarters in the British capital on Wednesday featuring 31 listed companies and with much better prospects than the previous editions in 2012 and 2013.

PM hopes for boost from Merkel meeting next week

Prime Minister Antonis Samaras will travel to Berlin on Tuesday, almost 10 months to the day since he was last in the German capital, for one of the most crucial meetings of his premiership as he seeks to find common ground with Chancellor Angela Merkel on Greece’s adjustment program and further debt relief.

Pimco bought $727 mln of Greek debt in Q2

Bill Gross, the co-founder of Pacific Investment Management Co (Pimco), sold most of the $48 billion of US Treasuries held by his $221.6 billion Pimco Total Return Fund in the second quarter, replacing them with about $45 billion of futures, according to an August filing.

Financial crisis forces Greek second division postponement

Greece's second soccer division Football League announced on Wednesday the postponement of the start of the season due to financial difficulties being faced by most clubs.

"The board of directors of the Football League decided to postpone the start of the championship indefinitely because of serious economic and institutional problems,» the announcement by the league said.

UN special envoy says Cyprus peace talks enter new phase

A United Nations envoy says talks to reunify the ethnically divided Mediterranean island of Cyprus have moved up a gear with Greek and Turkish Cypriot leaders looking to bridge gaps on core issues.

Prosecutor orders probe into Lagarde, Tsipras 'death threats'

A Supreme Court prosecutor has ordered a probe into claims by International Monetary Fund (IMF) Managing Director Christine Lagarde and SYRIZA leader Alexis Tsipras that they received death threats for speaking out on tax evasion, Kathimerini understands.

Eurozone August inflation revised up to 0.4 pct

The inflation rate in August for the 18 countries using the euro has been revised up slightly.

The European Union's statistics office, Eurostat, said Wednesday the eurozone's annual inflation rate was 0.4 percent, up from its initial estimate of 0.3 percent published late last month.