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Out-of-court workout holds promise for firms in debt
Legalto the free negotiation principle (i.e. no grace period, no more than 120 installments, only cash... proceeding is a flexible, extrajudicial procedure, with minimal publicity aiming to a long term
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Energy conference highlights path and obstacles to European energy integration
EconomyFeatures, because that tends to be much less geopolitical than the gas market.” Speaking on the integration.... “There is an increasingly urgent need for proceeding with the modifications of the electricity system and market codes
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Greece tops OECD countries for tax rises and spending cuts
EconomyFeaturesthan the OECD country average, but as of 2017 stood at the lowest levels out of all OECD countries... of personal tax allowances and credits. Greece is proceeding with broadening its personal income
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Government extends pandemic support package amid opposition criticism
PoliticsGreek Politics, was poorly drafted and designed to evade scrutiny, as more than a third of the 130 articles had not been previously put to public consultation. The government’s insistence on proceeding with a major
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PM trails national recovery plan ahead, talks up growth prospects
PoliticsGreek Politicsto growth and create 200,000 new jobs. The plan consists of more than 160 actions which include... (Movement for Change) accused Mitsotakis of proceeding without the most basic national dialogue, while
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Athens aiming to boost EU-Balkan momentum
PoliticsForeign Policyagainst Turkey than anything else, however it also supports the region’s European future, rejecting..., archaeological and educational issues is proceeding slowly, while the committee tasked with finding a solution
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Athens wary of North Macedonia PM's intentions, hopes for EU support over name issue
PoliticsForeign Policynot to use the constitutional name of North Macedonia in the domestic arena. This is a blantant violation
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Feb current account deficit at 990.4 mln as services balance improves
EconomyMacroeconomyGreece’s current account (C/A) balance recorded a deficit of 990.4 million euros in February... by improvements in the services balance and primary income account. The deficit of the balance of goods worsened by 53.8 million, or by 3.3 percent YoY. The deficit in the balance of goods was mostly
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Hirings outpace job departures by 76,591 in May for fourth positive monthly balance in a row
EconomyMacroeconomyThe employment balance displayed net hirings of 76,591 in May 2016, down by 9,555 compared... on Wednesday. In addition, this year’s figure means that there has been a positive balance for the fourth..., the majority (more than 51 percent) of May hirings involve full-time employment, around 36 percent
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Greek PMI edges up in March but exports, factory output fall
EconomyMacroeconomywas more than offset by a decline in the intermediate and investment goods’ sectors. Job creation... a rise in vendor lead times, partly attributed to stock shortages in the supply chains, the most
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