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Economy

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Sydney publican Jon Adgemis’ yacht taken over by receivers

The Commonwealth Bank has appointed receivers to The Yacht Pty Ltd, the company that owns Jon Adgemis' 95-foot yacht Hiilani, formerly owned by Hollywood...

Greece and Australia’s economic relations flourish with strong growth in key sectors

A recent report by Greek office of Economic & Commercial Affairs in Sydney highlighted Australia’s potential investment interest in Greece.

Paul Nicolaou hails The Everest’s $30 million boost to NSW economy

Racing punters are set to pump an impressive $30 million into the New South Wales economy as they celebrate the upcoming TAB Everest Day.

Business Sydney’s Paul Nicolaou welcomes review of NSW Visitor Economy Strategy

Millions of extra airline seats, tens of thousands of hotel rooms and a focus on tourism will transform the state’s visitor economy.

Cyprus green-lights $2.1 billion undersea cable to link electricity grid with Greece

Cyprus officially approved the construction of a $2.1 billion undersea electricity cable that will connect its power grid with Greece’s.

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Opinion

A dark side of Greece – Part 1

Unlike other more carefree summers in which financial ease more often than not corresponded to “getting away”.

Late disclaimer of inheritance: How it can be recognised as valid by court decision

By law, an heir may disclaim within four months of learning that the estate has devolved to them and of the reason for this.

Low birth rates and ageing: The silent enemy of the Greek nation

From the late 1990s it had become clear to Greek demographers and social scientists that the number of births in Greece was falling.

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Pensions and energy subsidies the focus of Greece’s new 5.5 billion euro economic package

Greek PM, Kyriakos Mitsotakis, announced 21 initiatives to support households and businesses buffeted by energy crisis and high inflation.

Debt relief now possible in Greece but only after complete asset liquidation

Greek people who owe money to banks or the state will now be eligible for bankruptcy, but only if everything they own is taken from them first.

Greece’s economy claims top spot in The Economist’s rankings

For the second time in a row, Greece's economy has been ranked in top place by The Economist for its 2023 economic performance.