Latest News from Greece

Greece prepares as much as $688 million of real estate for sale


By Sharon Smyth

Greece is preparing a property portfolio valued at as much as 500 million euros ($689 million) to offer to investors by the end of this year, according to the head of the Hellenic Republic Asset Development Fund.

Greek yields in bond return seen reminder of snags


David Goodman & Nikos Chrysoloras

Greece’s planned bond-market return, heralded by lawmakers as evidence of renewed confidence in the nation, will also highlight the progress that’s needed before its rehabilitation is complete.

The long road to recovery, despite financial rebound


A worker pulls a loaded cart inside a warehouse of Vanos marine supply company.

By Karolina Tagaris

Nikos Mavrikos has fired half of his employees since 2010 as the Greek economy imploded, leaving his ship supply business on the verge of collapse. February marked a turning point, however: Mavrikos made a hire, his first in four years.

Six Nigrita prison guards remanded in custody


Six guards from Nigrita Prison in northern Greece were remanded in custody on Tuesday after facing Serres magistrate Georgia Toutountzi as part of an ongoing probe into the death of Ilie Kareli, an Albanian prisoner. Another two guards were conditionally released.

Euro bonds ignore growth concern on ECB before Greece sells debt


Lucy Meakin & David Goodman

Europe’s worsening growth prospects are losing significance for bond investors as bets the European Central Bank will begin asset-purchase stimulus measures boost demand for the region’s higher-yielding bonds.

Greece's imminent bond return set to provide next peripheral fillip


By John Geddie

Greece's imminent return to bond markets just two years after a massive debt restructuring, expected as early as Wednesday, lifted investor appetite for riskier credits which has stalled over the last couple of days.

Greece seeks Swiss co-operation in hunt for tax cheats

Greece seeks Swiss co-operation in hunt for tax cheats

Athens is asking for assistance to identify Greek citizens who are using Switzerland as a tax haven.

The Greek government wants to inspect secret foreign bank accounts of tax evaders such as those in the HSBC bank. [AFP]

Greece said to plan sale of five-year notes via banks Wednesday


Greece is planning to announce a sale of five-year notes via banks on Wednesday, according to two people familiar with the matter, as the country that sparked Europe’s sovereign debt crisis returns from a bond-market exile.

Greece sells 6-month T-bills at cheapest cost in four years


Greece on Tuesday sold six-month treasury paper at the cheapest borrowing cost since its debt crisis began in early 2010, most of it to foreign buyers.

The sale will act as a fillip to a planned return to longer-term bond markets in the first half of the year after a four-year absence.

Mosque Project Divides Opinion in Greece

Greece has an "international obligation" to build a mosque in its capital, Athens Mayor has argued, amid opposition and parts of society's criticism at the project.

Over 60% Of Bulgarians Have Never Been To Another EU Country

The Bulgarians have travelled the least in other EU countries, compared to the other Europeans, shows an Eurobarometer survey. 

It was done in the end of January 2014 and in it took part 27 739 citizens of EU countries. 

Greece Braces for Media Protest, General Strike

Media employees and port workers will stage a nationwide strike in Greece on Tuesday, a day ahead of a 24-hour general strike against austerity measures.

The media sector demands new collective contracts, as well as an end to mass layoffs and delays of salaries, as the website Dnevnik.bg has reported.

Bond issue on track this week


 Despite more relaxed official statements, the Finance Ministry is gearing up for return to the markets

By Sotiris Nikas

Athens will issue its first bonds in four years later this week and will only sell them to foreign investors, sources have suggested.

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