Category: FINANCE

Border post on Greek-Bulgarian frontier blocked due to protest on Bulgarian side
FINANCE
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FINANCE
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Border post on Greek-Bulgarian frontier blocked due to protest on Bulgarian side

Panos - Nov 12, 2018

Press reports on Sunday evening cited a protest on the Bulgarian side of the Promachonas/Kulata border post connecting Greece with…

EC revises its growth rate for Greek GDP down by 0.3%
FINANCE
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FINANCE
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EC revises its growth rate for Greek GDP down by 0.3%

Panos - Nov 09, 2018

The European Commission has revised its forecast for Greek economic growth in 2019 in its autumn report. The report released…

Thomsen reiterates IMF’s position in favor of pre-legislated reforms in Greece
FINANCE
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FINANCE
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Thomsen reiterates IMF’s position in favor of pre-legislated reforms in Greece

Panos - Nov 09, 2018

IMF European director Poul Thomsen on Thursday reiterated that the Fund continues to believe that pre-legislated reforms in Greece are…

Tsipras promises 10K new public sector hirings, in place of clergy; general elex set for 2019
FINANCE
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FINANCE
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Tsipras promises 10K new public sector hirings, in place of clergy; general elex set for 2019

Panos - Nov 09, 2018

Greek Prime Minister Alexis Tsipras on Thursday "raised the ante" from this week's announcement that Orthodox Church clergymen will be…

Bloomberg: Greek retirees migrating to the poorest country in the EU
FINANCE
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FINANCE
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Bloomberg: Greek retirees migrating to the poorest country in the EU

makis - Nov 08, 2018

A Bloomberg article titled “Greek Retirees Are Moving to One of Europe’s Poorest Countries” explains why Greek pensioners are opting…

PBO: Consolidated general govt primary balance improved by 1.089 bln€ in Jan-Sep 2018
FINANCE
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FINANCE
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PBO: Consolidated general govt primary balance improved by 1.089 bln€ in Jan-Sep 2018

Panos - Nov 08, 2018

Τhe Greek Parliament’s Budget Office on Wednesday estimated that the consolidated general government’s primary balance over the first nine-month period…

Tsipras announces long-expected bill to return pay deductions to law enforcement, military cadres, state physicians
DEFENCE
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DEFENCE
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Tsipras announces long-expected bill to return pay deductions to law enforcement, military cadres, state physicians

Panos - Nov 08, 2018

Greek Prime Minister Alexis Tsipras on Wednesday evening formally announced that his government will table a draft bill in Parliament…

Greece excluded from the embargo against Iran
FINANCE
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FINANCE
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Greece excluded from the embargo against Iran

Panos - Nov 07, 2018

Eight are the countries that are temporarily excluded from US sanctions against Tehran. China, India, South Korea, Turkey, Italy, Greece,…

High court: Monasteries in Greece must pay tax on properties; places of worship, charitable uses excluded
FINANCE
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FINANCE
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High court: Monasteries in Greece must pay tax on properties; places of worship, charitable uses excluded

Panos - Nov 07, 2018

Orthodox monasteries in Greece are obliged to pay property taxes (ENFIA) for properties they own, excluding ones used as places…

Turkish inflation rate jumps above 25% on lira weakness
FINANCE
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FINANCE
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Turkish inflation rate jumps above 25% on lira weakness

Panos - Nov 06, 2018

Turkey’s inflation rate rose above 25 per cent in October after a currency crisis this summer made white goods, food…

BoG Gov: Efforts to reduce NPEs, NPLs paying off
FINANCE
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FINANCE
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BoG Gov: Efforts to reduce NPEs, NPLs paying off

Panos - Nov 05, 2018

Bank of Greece (BoG) Gov. Yannis Stournaras on Friday said after three successive recapitalizations Greece's four systemic banks now enjoy…

GasLog revenue, profits up in Q3 2018
FINANCE
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FINANCE
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GasLog revenue, profits up in Q3 2018

Panos - Nov 05, 2018

Major LNG operator GasLog's revenue 158.4 million USD in the third quarter of 2018, up from 131.2 million USD in…

ENGLISH Former Novartis Greece chief Frouzis, 2 physicians acquitted of bribery charges
FINANCE
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FINANCE
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ENGLISH Former Novartis Greece chief Frouzis, 2 physicians acquitted of bribery charges

Panos - Nov 05, 2018

Two public health system physicians and the former vice-president and general director of Novartis' subsidiary in Greece, Costas Frouzis, were…

Real estate company denies wrongdoing in Golden Visa-linked property purchases by Chinese brokers
FINANCE
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FINANCE
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Real estate company denies wrongdoing in Golden Visa-linked property purchases by Chinese brokers

Panos - Nov 02, 2018

The Athens-based company now at the center of scrutiny over alleged Chinese capital control violations linked with residency visa-granting property…

EBRD maintains GDP growth forecasts for Greece: 2.2% in 2018, 2.3% in 2019
FINANCE
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FINANCE
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EBRD maintains GDP growth forecasts for Greece: 2.2% in 2018, 2.3% in 2019

Panos - Nov 02, 2018

The European Bank of Reconstruction & Development on Thursday again forecast GDP growth for Greece at 2.2 percent this year,…

SETE: Arrivals by air up in Sept. 2018; vehicle travel down
FINANCE
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FINANCE
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SETE: Arrivals by air up in Sept. 2018; vehicle travel down

Panos - Nov 01, 2018

Tourist arrivals by plane increased in September 2018, while road travel decreased, compared to the same month in 2017, according…

WB report points deteriorating position for Greece in ‘Doing Business 2019’ report
FINANCE
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FINANCE
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WB report points deteriorating position for Greece in ‘Doing Business 2019’ report

Panos - Nov 01, 2018

Thrice bailed-out Greece's ranking in another international survey continued to lag far behind other European countries, falling behind Colombia, Kirghistan…

Shipping executives gather in Athens for Capital Link Forum
FINANCE
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FINANCE
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Shipping executives gather in Athens for Capital Link Forum

Panos - Oct 31, 2018

The “8th Annual Capital Link Operational Excellence in Shipping – Best Industry Practices Forum,” taking place today at the Athens…

Motor Oil subsidiary acquires controlling stake in Athens broadcaster Alpha
FINANCE
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FINANCE
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Motor Oil subsidiary acquires controlling stake in Athens broadcaster Alpha

Panos - Oct 31, 2018

A fully owned subsidiary of Motor Oil group, one of two of Greece's petrochemical and refinery groups, has acquired a…

Greek FinMin: Italian volatility making borrowing harder; ready to wait for best time
FINANCE
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FINANCE
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Greek FinMin: Italian volatility making borrowing harder; ready to wait for best time

Panos - Oct 31, 2018

Reuters quoted Greek Finance Minister Euclid Tsakalotos this week as pointing to turbulence in the Eurozone over the draft Italian…