Greece to unveil painful 2016 draft budget


Greece will unveil a painful 2016 draft budget on Monday meant to satisfy international creditors, projecting the economy will stay in recession next year before returning to growth in 2017, in line with the estimates by the country's lenders.

BUSINESS Analysis It will be more difficult for more radical SYRIZA deputies to desert the party, after seeing the recent failure of their former colleagues to enter the Parliament as a new, anti-bailout party.

Fate of gov’t and bailout under scrutiny

The Greek economy is sliding back into recession as the newly elected government prepares to legislate austerity measures and structural reforms under the watch of the country’s international lenders. At the same time, pundits are split on whether the third bailout program will be a success and the new coalition government will be able to carry it out and survive. It is not an easy call.


Revenue from UK tourists soars 37 pct


They came, they spent and they will return. British tourists have given their vote of confidence to Greece this year, while the first indications for 2016 point to further growth in tourism from the UK, ahead of next week’s meeting of British travel agents in Greece.

BUSINESS Privatizations

OLP tender at risk from dock zone change


Recent interventions by members of the government and local authorities, as well as party officials, are, according to port industry insiders, putting the success of the tender for the sale of 51 percent in Piraeus Port Authority (OLP) at risk, and are undermining the value of the organization.




Premier Alexis Tsipras sets out his government’s policy program in Parliament.


Greece’s demographic time bomb is about to go off


Young Greeks comprise the ever-shrinking bottom of a population chart which should resemble a pyramid but in fact looks more like a short, fat mushroom, while the top, made up of pensioners, keeps getting bigger, threatening the collapse of the entire structure, experts warn.

BUSINESS Privatizations

Airports contract to be signed by year-end


State sell-off fund TAIPED expects the German-Greek Fraport-Sientel consortium to sign the contract for the concession of 14 regional airports by the end of the year. The transaction and the delivery of the terminals to the preferred bidder will take place next year, after the fulfillment of the conditions included in the deal.



Hundreds of refugees camped out at Victoria Square

Hundreds of migrants and refugees are sleeping rough on and around Victoria Square, in downtown Athens. More than 100,000 refugees and migrants entered Greece in August, according to data presented by the country's coast guard. The war in Syria and Europe's refugee crisis take center stage at the United Nations on Wednesday as world leaders work to overcome deep divisions over how to confront the turmoil.