Category: FINANCE

FINANCE
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Institutions want big cuts in pensions, Labour ministry sources say

Panos - Jan 22, 2016

Greece’s lenders demand big cuts in main pensions, sources from the Labor ministry said on Thursday, following a teleconference between…

IMF board abolishes exemption for funding countries such as Greece
FINANCE
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FINANCE
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IMF board abolishes exemption for funding countries such as Greece

makis - Jan 21, 2016

The governing board of the International Monetary Fund has decided to abolish an exemption that permitted the funding of member-states…

Greek economy to shrink by 1.5 pct this year, IOBE
FINANCE
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FINANCE
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Greek economy to shrink by 1.5 pct this year, IOBE

makis - Jan 21, 2016

The Greek economy will return from negative to positive growth rates in the middle of 2016 for an annual recession…

ECB lowers ELA borrowing ceiling for Greek banks‏
FINANCE
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FINANCE
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ECB lowers ELA borrowing ceiling for Greek banks‏

makis - Jan 21, 2016

The European Central Bank further lowered the borrowing ceiling for Greek banks from the Emergency Liquidity Assistance mechanism (ELA), accepting…

S&P says successful implementation of Greek programme could lead to credit rating upgrade
FINANCE
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FINANCE
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S&P says successful implementation of Greek programme could lead to credit rating upgrade

Panos - Jan 21, 2016

Greece's credit rating could be upgraded to B, from CCC+ after completion of a first review of the Greek economic…

Greek shipowners rebuff EU decision on taxation
FINANCE
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FINANCE
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Greek shipowners rebuff EU decision on taxation

Panos - Jan 21, 2016

Greek shipowners on Thursday rebuffed a European Commission request to Greek authorities last month to review -in the next two…

PM Tsipras: Europe must launch its growth agenda
FINANCE
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FINANCE
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PM Tsipras: Europe must launch its growth agenda

Panos - Jan 21, 2016

The refugees issue is a European problem which needs to be dealt with collectively, Prime Minister Alexis Tsipras on Thursday…

FINANCE
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Athens Stock Exchange opening: Consolidation

Panos - Jan 21, 2016

Equity prices were recovering on Thursday on the Athens Stock Exchange (ASE), with the basic share price index up 0.13…

US delays European data privacy billdelays European data privacy bill
FINANCE
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FINANCE
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US delays European data privacy billdelays European data privacy bill

Panos - Jan 21, 2016

US lawmakers are delaying legislation that would give Europeans access to US privacy rights, sources told Reuters on Wednesday. The…

FINANCE
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Piraeus Bank selects Stavros Lekkakos as new CEO

Panos - Jan 21, 2016

Piraeus Bank’s board of directors announced on Wednesday the appointment of Stavros Lekkakos as the new CEO, following the resignation…

Greek top court annuls minister’s decision on Eldorado miner
FINANCE
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FINANCE
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Greek top court annuls minister’s decision on Eldorado miner

Panos - Jan 21, 2016

The plenary of Greece’s Council of State, the country’s top administrative court, annulled on Wednesday an order issued last year…

8 out of 10 self-employed declared an income under 15,000 euros
FINANCE
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FINANCE
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8 out of 10 self-employed declared an income under 15,000 euros

makis - Jan 20, 2016

The Ministry of Finances published information and statistics on income statements and found that about eight out of ten self-employed…

Farmers set up road blocks, clash with police in Komotini
FINANCE
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FINANCE
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Farmers set up road blocks, clash with police in Komotini

makis - Jan 20, 2016

Road blocks have been set up on the country’s national highways, as farmers across Greece escalate their protest actions against…

FINANCE
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Athens Stock Exchange opening: Nosedive

Panos - Jan 20, 2016

Equity prices were dropping on Wednesday on the Athens Stock Exchange (ASE), with the basic share price index down 5.03…

More than 480 hotels in Greece go up for sale
FINANCE
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FINANCE
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More than 480 hotels in Greece go up for sale

makis - Jan 19, 2016

New research has revealed that more than 480 hotels in Crete, Macedonia, Chania and other places in Greece have been…

FINANCE
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Greek industrial turnover index down 10.1 pct in Nov

Panos - Jan 19, 2016

Greece's industrial turnover composite index (measuring both the domestic and external markets) dropped 10.1 pct in November 2015, compared with…

Greek mergers and acquisitions down 39 pct in 2015, PwC report
FINANCE
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FINANCE
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Greek mergers and acquisitions down 39 pct in 2015, PwC report

Panos - Jan 19, 2016

A total of 29 mergers and acquisition agreements, worth 1.4 billion euros, were signed in Greece in 2015, 39 pct…

FINANCE
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Skourletis: The government is in favour of investments, but on conditions

Panos - Jan 19, 2016

The government is in favour of investments, but with terms and conditions, Environment and Energy Minister Panos Skourletis said in…

FINANCE
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Athens Stock Exchange opening: Recovery

Panos - Jan 19, 2016

Equity prices were recovering on Tuesday on the Athens Stock Exchange (ASE), with the basic share price index up 2.07…

FINANCE
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SYRIZA’s political secretariat to convene on Tuesday

Panos - Jan 19, 2016

SYRIZA's political secretariat will convene on Tuesday, at 18:00, at party offices. Labour Minister George Katrougalos will attend the meeting.