Cyprus adopted legislation on Friday allowing the government to split the island's failing lenders into good and bad banks as it races to clinch a bailout from the European Union and avert a financial meltdown.
Officials say the law is likely to be applied first to Cyprus's second largest lender, Cyprus Popular Bank (Laiki), to restructure it without hurting small depositors.
A total of 218 offshore companies are currently being inspected by tax authorities in Athens, according to a document submitted to Parliament on Tuesday by Deputy Finance Minister Giorgos Ma...
Gazprom is squeezing Athens for better terms to buy DEPA, Greece's sole retail gas distributor, a Greek official said, as the Russian gas export monopoly leverages its strength position as t...
Germany's Bjoern Otto recorded the world's leading performance in the men's pole vault at the Athens Street Pole Vault event that took place at Zappio, in central Athens, on Saturday afterno...
PAS Giannina upset PAOK at Thessaloniki on Sunday to take the lead at the Super League play-offs, while Asteras Tripolis rebounded from its loss at Ioannina in midweek to defeat Atromitos at...
Dividing lines – less so between political parties and more so between political cultures and ideologies – do not go away as easily as some would like to think. In the case of Greece, politi...
Prime Minister Antonis Samaras’s recent official visit to China aimed at attracting foreign investment and meeting with his Chinese counterpart proved to be highly successful.
The image of t...
