International

A thick fog is encroaching on many areas in Attica, with the southern suburbs of Athens being covered by the fog this morning. The fog started getting more intense on Tuesday afternoon in Piraeus, Voula, Vari and Glyfada. According to meteorologists, this type of mist is called sea smoke or evaporation fog and is caused […]

The Ministry of Finances was intending on submitting a draft bill in Parliament on Thursday the 20th of February, however the recent developments regarding the troika have forced a change of plans. The new bill includes a huge reduction of tax fines, up to 70% in some cases, such as late submission of tax returns. […]

Nobody is denying anyone the constitutionally protected right of standing for an election. However, it is hard to not comment on many of the political candidacies in the upcoming local government elections, especially the cases of MPs who are safely standing in the elections for municipalities and prefectures, whilst maintaining their MPs status. One may […]

It is truly outrageous that after five years of this crisis, after this ever increasing depreciation of the political system and public sector officials for corruption to carry on living the life of Riley. The evidence that the president of the authority for combating money laundering Mr. Nikoloudis submitted in Parliament unfortunately indicate that there […]

According to a study conducted by GPO for Mega Channel, the average Golden Dawn voter is male, of a young age and low income and self-identifies himself as centrist or center-leftist. The study, which was presented in a late-night evening chat show with Yannis Pretenderis, shows that 67% of Golden Dawn voters are male and […]

The decision to establish a Government Council for Private Debt Management has been published in the government gazette, making it official. According to the decision, the council is comprised of the Ministers of Finances, Growth, Labor and Justice. The Minister of Finances will be appointed Council President, who is tasked with regularly calling meetings, as […]

The latest bout of influenza in Greece has claimed eleven lives in the past couple days, raising the grim total to 43 victims. On Tuesday 61 people were being treated in Intensive Care Units for the flue, with ten new cases being reported in the past 24 hours. So far 156 people have been hospitalized […]

With a nationwide farmer demonstration arranged for Wednesday in Athens, most farmers in the north of Greece have decided to carry out symbolic protests on Tuesday, while other of their colleagues remain skeptical. The vice president of an Imathia farmer union Kostas Lioliopoulos revealed that many MPs met with farmers at the Kouloura road block […]

The police announced that they have resolved the case of the recent murder of a 54-year-old archimandrite, who was discovered dead in his residence in Chora, Messinia. According to the police report, a 24-year-old Georgian and an 18-year-old Greek committed the murder. The two men confessed their crime on Monday and are being prosecuted for […]

The 30-year-old self-confessed anarchist Kostas Sakkas who recently violated the conditions of his parole and disappeared a week ago, has published a statement on Indymedia regarding his persecution, his hunger strike and decision to escape. In his statement Sakkas offers a political analysis of current events and accuses the government of being an oppressive “terrorist […]

A police press conference was held yesterday in order to provide further information on the emergent NGO scandal, which cost the State about 9 million euros. According to the police, active and retired state officials are implicated in the scandal. The police revealed that the NGO would hire foreign minesweepers, who would then return about […]

In the summer of 1997, a crisis of confidence broke out in Southeast Asia, which put the pressure on the local currency, the so-called “Asian tigers”. That crisis quickly spread to Russia and beyond, and appeared to affect Greece at the time, when it was implementing a stabilization program in order to achieve the goals […]

Despite the Prime Minister’s optimism that Greece is finally turning around and beginning to exit the crisis and crippling recession, the situation in the economy is still critical. Last week steel industry Halyvourgiki, one of the oldest and most historic industries in Greece, announced that it was going to suspend its 200 employees in Elefsina, […]

The suspended school wardens are holding a demonstration outside the Ministry of Administrative Reform on Tuesday morning, a few days before their eight-month suspension runs out. Should the government refuse to transfer them elsewhere in the public sector, they will effectively be dismissed. The president of the school warden union of Athens and representative of […]

With no clear resolution in the dispute between EOPYY doctors and the Ministry of Health on the horizon, the Ministry has announced that the EOPYY clinics will reopen in a month, during which time its policy holders can receive free healthcare from EOPYY-registered doctors, outpatient clinics and health centers. During the month the EOPYY clinics […]

After last night’s Eurogroup session, various government sources and troika officials agree that the likeliest date for the troika’s return to Athens is the upcoming Sunday, the 23rd of February. Greece is claiming a 10.1 billion euro loan installment which will cover the country’s need until August. The new troika review is expected to take […]

The announcement for a simplification for licensing new businesses is a step in the right direction, so long as it actually happens and is not lost in bureaucratic mazes. After all, it is not the first time that such a measure has been announced only for something else to come about. We all remember the […]

The President of the Eurogroup Jeroen Dijsselbloem addressed the reservations of northern European countries regarding the possibility of further financial assistance to Greece and claimed that the reform efforts in Greece are contributing towards a significant improvement of the business climate. The Dutch Finance Minister, who appeared at an OECD seminar on the future of […]

Greek business is offering its support to the hard-hit residents of Kefallonia, the island of the Ionian Sea that was rattled on January 26by a 5.8 strong earthquake. The plight of the residents of Kefallonia has mobilized several Greek businesses who have offered in-kind and financial support following the earthquake and its powerful aftershocks that […]

Recent financial developments, particularly with regards to the accumulative 25% reduction of the GDP over the past five years and the change in financial market indexes, suggest that the recession may be coming to an end. These sentiments are not unwarranted, as IOVE’s economic sentiment indicator among others, create the expectations of a recovery. Based […]