Theodoros Fessas

The rapid deindustrialization of the country has led to the shutdown of at least 18 production units in the last five years from 2012 to 2016.

The latest such incident was the termination of the Pepsico-Ivi plant at Viotia, central Greece, on October 31. Three months earlier, on August 2, listed wire and wire ropes producer Leventeris had shut down its plant near Volos.

For Reuters, Greek PM Alexis Tsipras is the man that cost his country billions, 30 billion euros, by one estimate. The international news agency tracks the lack of an agreement with creditors since Tsipras and his leftist SYRIZA party swept to power on Jan.

Police said on Thursday that a terrorist attack that had been planned for the weekend was foiled at the last minute with the arrest of a suspected accomplice of the jailed Revolutionary Struggle leader Nikos Maziotis, noting that the offices of New Democracy had been among the likely targets for the hit.

The head of Greece’s industrialists, Theodoros Fessas, visited President Karolos Papoulias on Tuesday in Athens and expressed confidence that the Greek economy is already showing stability and signs of recovery.

 SEV calls for cautious settlement of bad loans and for measures to reduce corporate natural gas rates

By Chryssa Liaggou and Dimitra Manifava

By Chryssa Liaggou and Giorgos Mantelas

The model of the state as an employer and entrepreneur has seen its cycle come to an end and Greece will now have to rebuild its economy based on reforms, Theodoros Fessas, the head of the Hellenic Federation of Enterprises (SEV), told Kathimerini.

Prime Minister Antonis Samaras pledged on Wednesday to unveil a plan later this year to reduce a range of taxes if Greece is able to meet its fiscal targets.