Latest News from Greece

SMEs have competitive handicap, OECD study shows

Small and medium-sized enterprises in Greece have a serious handicap to overcome before they can rival their foreign peers, as they have no access to funding, their export performance is poor and they are not supported by a modern network of infrastructure, according to a special report published on Thursday by the Organization for Economic Cooperation and Development (OECD) on SMEs and entrepr

Propaganda and information

Recently we have been witness to a contest between Greece's two main political parties, Coalition of the Radical Left (SYRIZA) and New Democracy (ND), over which is worse in terms of their authoritarian handling of the media.

Young woman arrested over child porn released from custody

An 18-year-old woman who had been arrested last week in the region of Halkidiki, northern Greece, on charges of peddling pornographic videos and images of three underage girls, including her 5-year-old half-sister, over the internet, was released conditionally on Thursday pending her trial.

Greek state bonds overshadow Italy’s

Down and out less than a decade ago, Greece is this year's top performing eurozone bond market, enjoying inflows from investors dismayed by shrinking yields elsewhere and elevated political risk in Italy, the bloc's other high-yielding credit.

Fraport points to passenger growth at Makedonia Airport

The airport that serves the northern port city of Thessaloniki is the main asset of Fraport Greece, which has invested in the operation and improvement of 14 regional airports across Greece, the consortium's chief commercial development officer Giorgos Vilos said at an event to celebrate the five-year anniversary of Ellinair.

Crunch time for PPC

The SYRIZA administration, which is nearing the completion of its term, could be summed up with the developments at Greece's Public Power Corporation. The country's biggest business is being kept on life support until the general election so that the next government will have to deal with its rescue.

Turkey sends second ship to drill near Cyprus, EU warns of action

Turkey launched a second drilling ship on Thursday which will conduct natural gas operations off the northeast coast of Cyprus for three months, a move which risks aggravating a conflict with Cyprus over jurisdiction rights for oil and gas exploration.

Huge Imports of Cherries from Greece Are Damaging the Bulgarian Producers

Huge imports of cherries from Greece are damaging the Bulgarian producers, NOVA reports.

"We do not know how much the price will be at the end of the day, there is chaos at the points, some want small ones, others want big ones. At the moment we divide with the workers, they get 40-50 stotinki per kilogram and the points are buying up for 1 lev, "explained the producers.

Deputy prosecutor requests reopening of lawsuits in pharma bribe case

In a new twist in the ongoing probe into the Novartis case, Deputy Supreme Court Prosecutor Ioannis Angelis submitted a report to the court's prosecutor's office calling for the reopening of three criminal lawsuits filed by three prominent politicians who were implicated in the alleged bribery investigation.

Editorial: The silent elections and the day after

This is the first time in years that Greece has experienced such a subdued campaign period.

Just two-and-a-half weeks before the parliamentary election and with New Democracy maintaining a large lead in all opinion polls everyone appears to have accepted what the result will be.

Turkey's second drilling ship to operate off Cyprus' Karpas peninsula

Turkey's second drill ship Yavuz will operate in a borehole near Cyprus' Karpas peninsula, to the northeast of the island, for around three months and reach a depth of 3,300 metres (3,609 yards), Energy Minister Fatih Donmez said on Thursday.

Wide Variation of Consumption Per Capita Across EU Member States

Actual Individual Consumption (AIC) is a measure of material welfare of households. Based on first preliminary estimates for 2018, AIC per capita expressed in Purchasing Power Standards (PPS) varied from 56% to 132% of the European Union (EU) average across the Member States.

Poll projection shows ND leading 11 pct over SYRIZA

Ahead of Greece's general election on July 7, main opposition New Democracy maintains an 11 percent lead over ruling SYRIZA, according to a survey by Opinion Poll published on Thursday.

The Business is Ready for National Protests if the National Assembly Refuse to Review the New Noise Control Act

Business representativeс insisted on separation of parties and quiet zones in major cities and resorts. This was required after the official introduction of the new Noise Control Act. According to the chairman of BAZ Richard Alibegov, the changes were made without official public discussion and without consultation with the businesses.

Current account deficit shrinks in April, tourism revenues up

Greece's current account balance showed a slightly smaller deficit in April compared to the same month last year, on lower payments for fuel imports and higher receipts from transport services, the Bank of Greece said on Thursday.

Central bank data showed the deficit at 1.4 billion euros ($1.58 billion) from a deficit of 1.486 billion euros in April 2018.