Thursday , September 21 2017
Home / 2016 / September

Monthly Archives: September 2016

The Netherlands issue warrant, Greece arrests shipowner & CEO of regional TV-stations network

Greek police arrested a Greek entrepreneur, shipowner and CEO of Hellas Net, a network of eleven regional televisions stations. According to Greek media, Giannis Karageorgis, 66, was arrested by Greek authorities that followed an international  warrant issued by The Netherlands for “infidelity, forgery and fraudulent bankruptcy.” The businessman was arrested …

Read More »

4million Greek taxpayers need to pay €1.8bn today, total €7.85bn by end of November

Four million taxpayers, households and businesses, in Greece are called to pay a total of 1.8billion euro, today. Friday, September 30th 2016. The deadline for the first out of five installments for Unified Property Tax (ENFIA) and the second installment out of three for income tax expires today. The country’s …

Read More »

EWG Three prior actions left so that Greece can get €2.8bn bailout tranche at Eurogroup of 10/10/16

Greece has left three out of 15 prior actions that need to be fulfilled so that the debt-ridden country can receive the €2.8billion bailout tranche. According to the EuroWorkingGroup meeting on Thursday, Greece will need to meet these obligations before the Eurogroup meeting scheduled for October 10th 2016. Those three …

Read More »

WEF: Greece holds 86th position in Global Competitiveness survey

Political uncertainty, high tax rates, bureaucracy and the difficulty of enterprises to access to financial resources are the main features that push down the Greek economy. Competitiveness? No chance! The report «Global competitiveness report 2016-2017» published by the World Economic Forum places Greece on 86th position on a list of …

Read More »

45% of Greece’s pensioners live below poverty line

45% of Greece’s pensioners live below the poverty line. They receive monthly pensions below 665 euro gross. The data has been released by the Greek Pensioner’s Network and shows the dramatic situation in which 1.2million pensioners experience after the repetitive cuts and hikes for health contributions. Unions stress that 13.7% …

Read More »

IAAF strips triple-jumper Devetzi from Bronze Medal in Beijing Olympics 2008

Triple-jump national record holder Piyi Devetzi has had her Olympic bronze medal from the 2008 Games in Beijing annulled as the International Amateur Athletics Federation, track and field’s world governing body, announced she is retrospectively disqualified from August 2007 for failing a drugs test. IAAF found Devetzi’s sample from the …

Read More »

Thessaloniki: Solidarity movement blocks bank from confiscating the home of disable man – For now! (video)

The atmosphere in court room was tense on Wednesday afternoon in Thessaloniki. Members of the local solidarity movement had flocked to express solidarity with a man with disabilities who was about to lose his home due to debts to the bank. At the same time, several police squads in full …

Read More »

1000+1 reasons why investors do not invest in Greece

It isn’t about competitiveness and even lower minimum wages. It isn’t about the constantly changing taxation system and the over taxation. It isn’t about lack of growth-friendly policies, like lower tax rates and fast implementation of structural  -see: labor – reforms. It is about Mario Draghi, the European Central Bank …

Read More »

Gov’t MPs approve Water Privatization with 152 votes

With 152 YES votes, coalition government lawmakers from left-wing SYRIZA and nationalists Independent Greeks approved the privatization of the water companies in Athens and Thessaloniki. Replying to sharp criticism form opposition parties and the society, the government insisted that “indebted state-run enterprises would hardly find an investor” and that the …

Read More »

Ben Needham: Police digs land plot on Kos, finds light coloured fabric & dozens of bones

British and Greek police teams digging an olive grove on the island of Kos discovered pieces of light coloured fabric. 21-month-old Ben Needham  was wearing a white T-shirt when he went missing on the island of Kos in July 1991. According to Daily Mail, Ben was wearing a white buttoned …

Read More »

Athens: Protesting hotel workers clash with riot police outside the Labor Ministry (video)

Tension between protesting hotel employees and riot police escalated outside the Labor Ministry on Tuesday morning, when the workers in Greece’s tourism industry attempted to enter the ministry building. Riot police squads assigned to safeguard the ministry did not wait long to swing their batons and clash with the angry …

Read More »

Thessaloniki: Water Company workers cut water supply to SYRIZA offices to protest privatization

Workers of the Water Company in Thessaloniki (EYATH) cut the water supply to the offices of governing SYRIZA in order to protest the upcoming privatization. Water company protester cuts water supply to SYRIZA Having launched a protest rally, the workers cut the water supply short before 11 am in a …

Read More »

Protest Day: Policemen, Firefighters, Coast Guards, Civil Servants & Public Transport workers

Unionists from Greek Police, Fire Brigades and Coast Guard gathered outside the Defense Ministry on Tuesday morning and demanded from Minister Panos Kammenos to implement previous court decisions, restore wage cuts and avoid further cuts on special payrolls. They also ask that the Defense ministry allocates resources also for Police, …

Read More »