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Travel receipts rise by 11.3 pct in April on back of higher arrivals
EconomyMacroeconomyGreece's travel receipts rose by 11.3 percent in April, reversing a decline of 7.8 percent in March, provisional Bank of Greece (BoG) figures showed on Wednesday. Receipts stood at 483.7 million euros in April, while corresponding payments also recorded...
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Athens hits back over EU's refugee criticism, but domestic gripes more of a concern
PoliticsGreek PoliticsThe refugee issue continued to pose a significant challenge to the government over the Christmas break, with Migration Policy Minister Yiannis Mouzalas trying to deflect some of the criticism aimed at Athens, particularly in relation to the conditions a...
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S&P upgrades Greece to 'B+' on back of Eurogroup agreement
EconomyS&P was the first credit rating agency to respond to last week’s Eurogroup agreement by raising Greece’s long-term credit rating to ‘B+’ from ‘B’ on Monday. The outlook was also updated to stable from positive. In its previous ratings activity for Greec...
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Coalition back-and-forth over name deal belies election strategy
PoliticsGreek PoliticsGovernment spokesman Dimitris Tzanakopoulos was insistent on Wednesday that there is no need for the coalition to seek a qualified majority in Parliament for the approval of the Macedonia name deal, thereby dismissing the request made by Independent Gre...
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Lenders put spotlight back on pending reforms ahead of second post-MoU review
EconomyProgrammeAs Greece approaches the six-month mark after officially exiting its final bailout programme, the government’s to-do list still remains substantial. The latest to comment on the need to complete the agreed reforms on time was the European Commissioner f...
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Spree of media deals puts spotlight back on ownership issues
SocietySeveral high-profile transactions in the Greek media sector have triggered new warnings about the increased concentration of ownership in a few hands, potentially giving tycoons significant political influence. A recent feature in independent left-wing ...
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SYRIZA looks back at time in office as it searches for way forward
PoliticsGreek PoliticsSeven months after it was roundly defeated in the general elections by New Democracy, SYRIZA officials have delivered their assessment of the party’s performance while in office. The evaluation of SYRIZA’s course over the last few years was compiled by ...
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Greece braces for recession, hopes to bounce back from summer onwards
EconomyThe extent of the damage that could be inflicted on the Greek economy as a result of the coronavirus impact is becoming clearer by the day, with the Finance Ministry and leading investment houses now expecting Greece to slip into a recession again this ...
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Greece heads back to markets with 7-year bond in bid to boost own funds
EconomyGreece wants to signal to international markets that despite the heavy toll the pandemic is expected to inflict on the Greek economy, it can move ahead with its debt strategy. The International Monetary Fund published its latest global forecasts on Tues...
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Refugee housing deadline puts spotlight back on migration policy
PoliticsGreek PoliticsAs the headlines in Greece continue to be dominated by the government’s response to the pandemic and its economic implications, New Democracy’s handling of other issues is starting to come under fire once again. Migration policy, which had been a bone o...
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