Latest News from Greece

Government “gives away” DEH and EYDAP to Greece’s lenders

A new multi- bill featuring some of the so-called prior actions that Greece must implement to unlock the next tranche of 2.8 billion Euros in rescue loans is expected to be submitted to the Parliament on Friday.

Marinopoulos suppliers must decide whether to accept 50 pct debt haircut

The creditors of Marinopoulos, Greece's biggest supermarket chain which filed for bankruptcy protection earlier this year, have until Monday to decide whether to reduce their demands from the troubled retailer.

Those which agree will obtain access to the full text of the streamlining agreement, to be signed by September 30.

Greece an OECD exception, being its only member-state to raise corporate tax

The only member-state of the Organization for Economic Cooperation and Development (OECD) to raise its corporate tax last year was Greece, while the general trend around the world has been for taxation to promote growth.

Neglect compounding the refugee crisis

In Greece we usually deal with crises first by underestimating the danger then by leaving those in the center of the storm to fend for themselves; when the problem becomes too great, we are at a loss, we wait for a solution from above.

Discouraging distinction

A new report by the Organization for Economic Cooperation and Development (OECD) illustrates with complete clarity why Greece is not about to turn a corner and get back on track to growth anytime soon.

Greece is the only one of the international organization's 35 member-states that increased the taxes paid by businesses in 2015.

New multi-bill with prior actions heads to Parliament

The government is expected to submit a new multi-bill to Parliament on Friday featuring some of the so-called prior actions that Greece must implement to unlock the next tranche of 2.8 billion euros in rescue loans.

Parts of central Athens closed to traffic on Sunday

Much of central Athens will be closed to traffic on Sunday as cancer fundraisers take part in a 5-kilometer race and a 2 km walk as part of the 8th Greece Race for the Cure.

Traffic police will be closing off parts of Vassilissis Amalias, Syngrou and Vassilissis Sofias avenues between 9.30 a.m and 2 p.m.

Forthnet lands EETT contract

Athens-listed telecom Forthnet on Thursday won the tender of the Hellenic Telecommunications and Post Commission (EETT) to be Greece's universal service provider, for a maximum amount of 4.93 million euros per year payable by the state.

This means that the company is undertaking to supply fixed telephony local network access and voice call services in 100 percent of the country.

Greek 2-year bond yields tumble

Greek bonds were in the focus of international markets on Thursday after Prime Minister Alexis Tsipras said Greece could be included in the European Central Bank's asset purchase program within the next six months.

Two-year bond yields in Greece fell further to 6.02 percent, their lowest level since late 2015.

Coup plotters not welcomed in Greece: Greek PM

Greek Prime Minister Alexis Tsipras has reportedly assured Turkish President Recep Tayyip Erdoğan that anyone implicated in the July 15 failed coup attempt in Turkey was not welcome in his country, amid reports Athens has already rejected the asylum demands of a number of Turkish coup attempting soldiers who escaped to the neighboring country.

Struma Highway Blocked Near Blagoevgrad

A huge 5-km traffic jam has blocked the Struma highway near Blagoevgrad in another "epic journey" because of the four-day holiday, reported BGNES.

The exit of LOT-2 of the highway near Blagoevgrad is blocked and traffic from there continues along E-79 to the two border checkpoints with Greece and the resorts Bansko and Sandanski.

European Parliament President Martin Schulz: Let's Listen to Eastern Europe

The EU must listen more to its Eastern European members and find a compromise with them for solving the refugee crisis. The Vishegrad four have made proposals at the summit in Bratislava which must be discussed, stated European Parliament President Martin Schulz at a press conference in Berlin.