Economy still depends on consumption
The road to changing the country’s development model will be long and difficult.
No end in sight in Folli Follie trial after new deferment
There appears to be no end to the legal saga involving troubled Greek jewelry company Folli Follie as the trial that had been scheduled to resume on Monday was again postponed until September 14.
Greece will get investment grade after elections, says central banker
The Greek economy will be upgraded by credit rating agencies to investment-grade level following the national elections on June 25, Bank of Greece Governor Yannis Stournaras asserted on Monday.
CCHBC buys Finlandia vodka
Athens-listed Coca-Cola Hellenic Bottling Company has announced the acquisition of Finlandia vodka from Brown-Forman Finland, for $220 million.
IT enterprises in Greece more optimistic over recruiting
IT companies in Greece are more optimistic over hiring intentions in the third quarter of 2023, with the hiring intentions rate rising to 39% from 27% in the first quarter and 6% in the second quarter of the year, ManpowerGroup said in a report on Monday.
New collective agreement for Greece’s food service sector
The new Collective Labor Contract mandatory for all businesses in the country that are active in the food and food service sector and for over 400,000 employees comes into force from Saturday, June 17.
New battle with tax evasion
The tax administration (AADE) and the officials preparing to take the reins at the Finance Ministry intend to combat tax evasion by taking additional legislative and administrative measures.
In rush to arm Ukraine, weapons are bought but not delivered, or too broken to use
Ukraine has paid contractors hundreds of millions of dollars for weapons that have not been delivered, and some of the much-publicized arms donated by its allies have been so decrepit that they were deemed fit only to be cannibalized for spare parts.
Athens to host TFX Global 2024
Export Credit Greece, which took part last week in the TFX Global 2023: Exports, Agency & Project Finance international conference in Portugal, will next year be the host of TFX Global 2024 in Athens.
EU pesticide ban fought in Cyprus
Cypriot farmers have descended in droves upon Nicosia this week to protest against a long-delayed EU pesticide ban.