Category: FINANCE

‘Bad loans’ held by Greek banks reduced in June 2018
FINANCE
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FINANCE
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‘Bad loans’ held by Greek banks reduced in June 2018

Panos - Sep 07, 2018

Greek banks continued to reduce their exposure to “bad loans” in the second quarter of 2018, according to figures released…

Record-breaking August for Athens International Airport with 2.88mln passengers
FINANCE
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FINANCE
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Record-breaking August for Athens International Airport with 2.88mln passengers

Panos - Sep 06, 2018

A spectacular increase of 13.3%, the second largest this year, was recorded in August in terms of passenger traffic at…

FYROM: Deputy PM Koco Angjushev’s company was bought by the Greek Public Power Corporation!
DEFENCE
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DEFENCE
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FYROM: Deputy PM Koco Angjushev’s company was bought by the Greek Public Power Corporation!

Panos - Sep 06, 2018

The executives of the governments of Greece and FYROM are doing…business as usual? This appears to be the case according…

Thessaloniki International Fair gearing up for large turnout September 8-16
FINANCE
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FINANCE
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Thessaloniki International Fair gearing up for large turnout September 8-16

Panos - Sep 06, 2018

Twenty countries will send state delegations to the Thessaloniki International Fair (TIF) in addition to the 1,500 and more companies…

OECD places Greece in unenviable first place among 34 members for tax increases between 2007-16
FINANCE
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FINANCE
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OECD places Greece in unenviable first place among 34 members for tax increases between 2007-16

Panos - Sep 06, 2018

The latest report by the Organisation for Economic Co-operation and Development (OECD) more-or-less confirms what Greek taxpayers and business owners…

BofA/Merrill Lynch details battle by Greek systemic banks to reduce NPEs
FINANCE
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FINANCE
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BofA/Merrill Lynch details battle by Greek systemic banks to reduce NPEs

Panos - Sep 05, 2018

Reduced pressure on Greek lenders' H1 2018 results from lower non-performing exposures (NPEs) is the highlight of four separate reports…

Mitsotakis pledges to immediately cut social security contributions; allow private sector involvement in supplementary sector
FINANCE
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FINANCE
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Mitsotakis pledges to immediately cut social security contributions; allow private sector involvement in supplementary sector

Panos - Sep 05, 2018

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Tuesday reiterated that, if elected as the next prime minister, his…

7th Arab-Hellenic Economic Forum to be held in Athens on November 27-28
FINANCE
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FINANCE
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7th Arab-Hellenic Economic Forum to be held in Athens on November 27-28

Panos - Sep 05, 2018

The 7th Arab-Hellenic Economic Forum will be held in Athens on November 27-28, 2018 under the title “Greece and the…

Inside Greece’s first smart city: ‘Now you don’t need to know a politician to get something done’
FINANCE
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FINANCE
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Inside Greece’s first smart city: ‘Now you don’t need to know a politician to get something done’

Panos - Sep 04, 2018

“In the past, residents had to call the vice mayor just to change a broken street lamp,” says Sonia Sofou,…

Dijsselbloem: EZ states made excessively high demands to Greece in return for bailout loans
FINANCE
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FINANCE
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Dijsselbloem: EZ states made excessively high demands to Greece in return for bailout loans

Panos - Sep 04, 2018

Former Eurogroup president Jeroen Dijsselbloem continued on a somewhat self-critical streak this week, days after his high-profile appearances in Greece,…

Electric trains to enter service on November 1st for Athens-Thessaloniki line
FINANCE
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FINANCE
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Electric trains to enter service on November 1st for Athens-Thessaloniki line

Panos - Sep 04, 2018

TRAINOSE’s electric trains will be able to cover the distance between Athens and Thessaloniki in 3 hours and 20 minutes…

Independent: Greece ferry strike leaves thousands of holidaymakers stranded on islands
FINANCE
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FINANCE
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Independent: Greece ferry strike leaves thousands of holidaymakers stranded on islands

Panos - Sep 04, 2018

British news portal Independent reports on the 2nd day of a strike called by the Greek seafarers’ union which has…

Hellenic Petroleum group: Record-breaking profits in H1 2018
FINANCE
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FINANCE
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Hellenic Petroleum group: Record-breaking profits in H1 2018

Panos - Aug 31, 2018

Hellenic Petroleum group (Hel.Pe), the biggest petrochemical concern in Greece and one of the largest in SE Europe, on Thursday…

EP’s budget committee approves 34m Euro in EU aid to Bulgaria, Greece, Poland, Lithuania
FINANCE
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FINANCE
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EP’s budget committee approves 34m Euro in EU aid to Bulgaria, Greece, Poland, Lithuania

Panos - Aug 31, 2018

EU Solidarity Fund (EUSF) aid worth 34 million euro, to support reconstruction in Greece, Poland, Lithuania and Bulgaria following natural…

Greek revenues authority again promises ‘safari’ to locate income from Airbnb-type leasings
FINANCE
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FINANCE
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Greek revenues authority again promises ‘safari’ to locate income from Airbnb-type leasings

Panos - Aug 31, 2018

Greek tax authorities are reportedly ready to commence an oft-repeated pledge to locate undeclared income from Airbnb-type short-term property leasings,…

City of Kavala welcomes 30 million euro resort investment
FINANCE
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FINANCE
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City of Kavala welcomes 30 million euro resort investment

Panos - Aug 30, 2018

Kavala in northern Greece is set to become home of one of Greece’s most high-end resorts, a project estimated to…

Passenger traffic at Greek airports up 10.1% in Jan-Jul 2018 period (yoy); figure at 34.38 mln
FINANCE
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FINANCE
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Passenger traffic at Greek airports up 10.1% in Jan-Jul 2018 period (yoy); figure at 34.38 mln

Panos - Aug 29, 2018

Passenger traffic at Greece's commercial airports increased by 10.1 percent (yoy) in the first seven months of the year, benefitting…

Dijsselbloem now optimistic over Greece’s prospects; says Varoufakis negotiations in 2015 catastrophic
FINANCE
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FINANCE
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Dijsselbloem now optimistic over Greece’s prospects; says Varoufakis negotiations in 2015 catastrophic

Panos - Aug 28, 2018

Former Eurogroup president Jeroen Dijsselbloem, one of the protagonists in the 2015 Greek crisis that engulfed the Eurozone, on Monday…

Don’t cheer Greece’s bailout exit just yet
FINANCE
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FINANCE
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Don’t cheer Greece’s bailout exit just yet

Panos - Aug 27, 2018

FOR once Europe has an exit to celebrate rather than dread. On Monday, more than eight years after its first…

German FinMin Scholz latest top EU official to caution against any backsliding of Greek reforms
FINANCE
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FINANCE
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German FinMin Scholz latest top EU official to caution against any backsliding of Greek reforms

Panos - Aug 27, 2018

The latest message by a top European official cautioning against any backsliding by the Greek government over agreed to reforms…