International

After a 9-hour plea before the examiner, the former Postbank manager Angelos Filippidis was set free after paying a 2 million euro bail and agreeing to remain within Greece and regularly report to a police department. On his way to court Mr. Filippidis told reporters that he was fighting for “the obvious, so that the […]

According to a study conducted by the research and analysis department of the Re/Max Athmonon real estate agency and the Char. Meidanis & Associates legal firm, the real estate market has all but collapsed, with about half of sales being bellow the taxable objective value. The study focused on the registered sale of real estate […]

The decision of Mr. Samaras and Mr. Venizelos to forego their privilege to appoint the order of election of MEPs and pass on the responsibility to the people – aside from all the reactions it may cause, mostly due to the surprise it caused – makes the upcoming May elections that more interesting. Regardless of […]

The Deputy Director of a Police Department in a northern suburb of Athens was arrested today by colleagues of his in the Internal Affairs division due to tax evasion. According to police information the officer in name managed three restaurants which were registered in his wife’s name, two of which are located in downtown Athens […]

The Ministry of Finances announced that three active MPs, ANEL’s Vasilis Kapernaros, DIMAR’s Maria Repousi and New Democracy’s Vasilis Kikilias are being audited for overseas remittances. The announcement was made in order to dispel rumors circulating which suggested that three high-ranking New Democracy MPs were involved in the potential scandal. The Ministry further explains that […]

The Deputy Minister of Growth Notis Mitarakis is on his way to China, where he will meet with government officials, representatives of Chinese industry and Greek businesses that operate in China. During his stay in Beijing Mr. Mitarakis will meet with the Deputy Minister of Foreign Affairs Wang Chao, the Deputy Minister of Trade Zhong […]

The Ministry of Health has announced after long debates and discussions over the weekend, it has managed to come to an agreement regarding the price of about 8,500 medicines. According to Health Minister Adonis Georgiadis, the new revised prices will come into effect in about two weeks and claimed that the prices are going to […]

The Greek statistics authority ELSTAT published data indicating the general index of industrial production increased by 0.5% in December 2013 compared to December 2012. Between December 2011 and December 2012, the index dropped by 1.5%. When examining the index over a twelve month period, ELSTAT’s divs show that the industrial production index dropped by 3.6% […]

The German Minister of Finances Wolfgang Schäuble commented on a Sunday evening television chat show that Greece has achieved significant progress in its reforms, not without problems and delays however, which will result in the need for further financial assistance. While Mr. Schäuble praised the Greek efforts, he also stressed that “the problem has not […]

On his last day in Rome, the leader of SYRIZA Alexis Tsipras met with Nichy Vendola, the president of the Left Ecology Freedom party and Nicola Zingaretti, current governor of Lazio, with whom he discussed his vision of Europe. Mr. Tsipras explained that “we do not want any other people to find themselves in the […]

The Mayor of Oropos Yannis Economakos, two of his deputies and six other people (including municipal councilors and local residents) have been detained by the police over the events that took place on Sunday at the Malakasa toll booth, where one booth was set on fire. The police will be also using CCTV footage from […]

Based on the data available from the European Commission’s detailed average price report for November 2013, Greek consumers pay far higher prices for goods and services than other European people. The excessive prices can be attributed to the fact that the income of the Greek consumer has dropped by about 30% in recent years, while […]

The former Postbank manager Angelos Filippidis will face the examiner today in order to state his plea regarding a number of loans the bank granted during his tenure. Mr. Filippidis, who faces charges of fraud and assisting in money laundry, will be quizzed about his involvement with the bank between October 2007 and December 2009. […]

According to a report by Ta Nea three New Democracy MPs transferred large sums of undeclared money, over a million euros each, to overseas bank accounts in the midst of the financial crisis. These rumors have caused turmoil in the coalition government party, with many senior-ranking party members urging the leadership to take drastic measures […]

The Prime Minister Antonis Samaras recently gave an interview to the German Bild newspaper, where he addressed concerns over Greece’s finances and the possibility of a third aid package. Mr. Samaras also took the opportunity to address reports that the Greek people are “richer” than Germans. Regarding the allegations that the Greek people are richer […]

The unions of accountants and tax consultants have arranged demonstrations in Syntagma Square in Athens and by the Venizelos statue in Thessaloniki for Monday at noon, in order to protest the government’s tax policies and particularly the excessive tax fines. According to the accountant and tax consultant unions, the new tax fines and levies introduced […]

The government’s decision to increase tolls on the national high ways has caused fierce reactions from local residents, who complain that they will be unable to pay them. In some cases the tolls have nearly doubled. While the government also announced that regular users would receive between 5% and 50% discounts on tolls, local residents […]

A new suburban rail service is introduced today, that will connect Athens to Ano Liosia. This new service will allow passengers from Athens to head to the airport or towards Kiato from the rail station at Ano Liosia. At firs there will be four morning services departing from the Larissis station in Athens to the […]

The police arrested a 44-year-old Turkish woman in Heraklion in Crete, who is accused of being involved with a terrorist organization and implicated in terrorist attacks in Turkey. The Turkish authorities had issued an international warrant for her arrest a few months and she was eventually arrested in a house, where she appears to have […]

The Prime Minister Antonis Samaras and the government Vice President Evangelos Venizelos met on Saturday and agreed to change the method of voting from the current proportional electoral system that has been in place since 1981, to voting directly for the individual candidate. Aside from changing the method of election from a party list, as […]