Bank of Greece

Flurry of positive data put Greece on recovery track

 Jobless rate and prices drop as arrivals, cars and retail sales rise

A surge of encouraging figures and statistics on Wednesday and Thursday has pointed to the country’s return to growth, vindicating the government’s forecast that Greece’s gross domestic product would expand by 0.5-0.6 percent in 2014.

Pause in troika review, many fronts open

Troika inspectors were due to leave Athens on Tuesday with little sign of a comprehensive deal with the Greek government over the latest adjustment program review in sight. The lack of progress means that a Greek delegation will head to Washington for talks with International Monetary Fund chief Christine Lagarde on Sunday.

Finance Ministry needs to go back to the drawing board over NPLs

Inspectors from the International Monetary Fund, the European Central Bank and the European Commission tasked with assessing Greece's progress in structural reforms have asked for a comprehensive approach to nonperforming loans that will incorporate measures for settling both corporate and household debt, a Finance Ministry official who attended talks in Athens on Tuesday told the state-run Ath

Terror suspect begins hunger, thirst strike in demand of transfer to Korydallos Prison

A 31-year-old man accused of being a member of leftist guerrilla group Revolutionary Struggle and of planning an imminent terrorist attack, announced on Tuesday morning that he is going on hunger and thirst strike in order to pressure authorities to remand him in custody at the Greek capital's Korydallos Prison.

Revolutionary Struggle suspect remanded in custody as lawyer complains of leaks

Antonis Stamboulos, the man arrested last week on suspicion of being a member of terrorist group Revolutionary Struggle, was remanded in custody on Sunday.

Stamboulos also faces charges relating to possession of explosives, theft, forgery, resisting arrest and carrying a weapon.

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