International lenders are asking Greece to increase the pace of privatizing state enterprises to meet fiscal targets and complete unfinished reforms.
Greece’s Prime Minister Antonis Samaras says the country could earn up to 150 billion euros from offshore oil and gas deposits, half its debt mountain.
Prime Minister Antonis Samaras has succeeded in convincing Russian President Vladimir Putin to ok a cut in prices Greece pays for natural gas.
Greece’s biggest revenue engine – tourism – could again be a life saver for the battered economy with officials expecting a second consecutive year setting records.
Plans to develop Athen’s old international airport site Hellenikon – which was supposed to be Europe’s biggest urban park – have one bidder left.
Greek dock workers walked off the job Feb. 25 in a 24-hour strike to protest plans to sell stakes in the Piraeus Port Authority, the country’s largest.
Greece’s hopes to get the economy going could be undercut by court rulings to repay worker salary cuts and lump sums that were slashed.
As Greek Prime Minister Antonis Samaras said the economy will begin to recover this year, the country’s international lenders have questioned whether the banks will need more money too.
Even before envoys from international lenders began new talks on Feb. 24, Greece said it had a deal close at hand on unsettled reforms and a budget hole.
Members of a Saudi Arabia parliamentary committee visiting Athens said businesses in their country are looking at Greek enterprises.