United States

Angeliki Koutantou

Greece to overhaul troubled utility Public Power Corp: minister

Jul 22 2019

ATHENS Greece unveiled on Monday a plan to overhaul loss-making state-controlled Public Power Corp. (PPC) to shore up its finances, including voluntary redundancies and selling shares in its distribution network.

Greece to launch tourist investment project Hellenikon this year

Jul 22 2019

ATHENS Greece's government plans to speed up the regulatory process so that a long-delayed tourist investment project at a disused Athens airport can be launched by the end of the year, Development Minister Adonis Georgiadis said on Monday.

Greek PM says 2020 budget will respect fiscal targets

Jul 20 2019

ATHENS Greece will submit a 2020 budget later this year that will fully respect the fiscal targets agreed with its lenders, newly elected Prime Minister Kyriakos Mitsotakis said on Saturday.

Billion euro hole found in jeweler Folli's 2017 sales

Jul 16 2019

ATHENS Greece's Folli Follie overstated its 2017 revenue by more than 1 billion euros, an audit by PwC showed on Tuesday, as the jeweler reported a rescue plan proposed by bondholders had collapsed.

For Greeks, burgeoning gig economy means low wages, long hours

Jul 04 2019

ATHENS When he set up his own business washing boats and cars on the Greek island of Skyros nearly a decade ago, 42-year old Nikos Vourliotis was a young man with dreams and aspirations.

UPDATE 2-Greece's Hellenic Petroleum sell-off stalls as no bids made

Apr 03 2019

* Privatisation agency's board to discuss next steps (Adds privatisation agency source, background)

Greek jewellery maker Folli aiming for creditors deal 'within days' -source

Feb 22 2019

ATHENS, Feb 22 Greek jewellery maker Folli Follie is in talks with three bondholders hoping to firm up a restructuring plan "within days", a senior company source told Reuters on Friday.

UPDATE 3-Greece's Public Power seeks higher price from two bidders for coal plants

Feb 06 2019

* One bid from Greece's GEK Terna, Czech Seven Energy, sources say

Greece's Tsipras calls confidence vote after ally quits coalition

Jan 13 2019

ATHENS Greek Prime Minister Alexis Tsipras on Sunday said he would call a confidence vote in his government after his coalition ally quit, leaving him bereft of a parliamentary majority and raising the possibility of snap elections. | Video

Greece gives investors another week for coal plant bids

Jan 07 2019

ATHENS, Jan 7 Greece has given investors another week to Jan. 15 to submit binding bids for three coal-fired power plants and a licence to build another one, a senior energy ministry official told Reuters on Monday.

World News