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The EU has stipulated that getting rid of the bureaucratic nightmare of setting up a business is one of the major reforms Greece must undertake if it is to become competitive, attract foreign investment and achieve economic growth. Photograph: Reuters

An Athens newspaper recently referred to the mantra “this is Greece”, which is often used to explain a failure in the political or social system – a w(...)

Ryanair will fly 90 times a-week from Bucharest Airport  to a range of destinations that will also include Bologna, London, Madrid and Rome and plans to carry an estimated 1.4 million passengers a-year to and from there.

Ryanair plans to open a new base at Bucharest Airport from next October from where three aircraft will operate. The Irish airline said that it will o(...)

Customer wait to enter a Eurobank Ergasias SA branch in Athens. Photograph: Matthew Lloyd/Bloomberg

For the first time in three weeks, Greek banks opened their doors to all customers on Monday, but only to offer them a limited range of services due t(...)

Greek finance minister Euclid Tsakalotos and his predecessor Yanis Varoufakis talk during a parliamentary session in Athens. Photograph: Giorgos Kontarinis/Eurokinissi/Reuters

There were hopes on Thursday night that a Greek deal could be in the offing, as the Greek government submitted fresh bailout proposals to EU instituti(...)

Socrates with Athena looking over his shoulder in Athens

In a bid to push beyond “common sense”, The Irish Times explores important ideas of the past, present and future through conversations with different (...)

An anti-austerity protester holds a Greek flag during a rally in Athens yesterday. Photograph: John Kolesidis/Reuters

Tens of thousands of Greeks yesterday joined the country’s fourth general strike this year, bringing the country to a standstill in protest at plans (...)

Municipal police officers on motorbikes take part in a protest outside the parliament in central Athens during a rally against public sector layoffs.  Photograph: Yannis Behrakis/Reuters.

Greek unemployment hit a new high today as public sector workers such as police and binmen took to the streets of Athens for a fourth day running to (...)

A man checks a document as he leaves a Greek Manpower Employment Organisation  office in central Athens May 9, 2013. Greece’s jobless rate rose to 27 per cent in February. Photograph: John Kolesidis/Reuters.

Greek youth unemployment shot to a record 64 per cent in February, underscoring the dire state of the recession-hit economy despite signs of im(...)

An explosion this evening near Greece’s most famous monument, the Acropolis, followed a warning call to a Greek newspaper. Photograph: Angelos Tzortzinis/Bloomberg

A bomb exploded outside a ship owner’s house near the Acropolis in central Athens tonight, causing damage but no injuries, police said. (...)