Category: FINANCE

Clashes broke out in Avlona Prison between inmates
FINANCE
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Clashes broke out in Avlona Prison between inmates

Panos - Apr 10, 2019

Violent clashes broke out between prison inmates at the Avlona Prison facility, on Tuesday when prisoners started throwing hot oil…

IMF projects a 2.4% rise in Greek GDP in 2019 before it drops off
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FINANCE
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IMF projects a 2.4% rise in Greek GDP in 2019 before it drops off

makis - Apr 09, 2019

The International Monetary Fund is optimistic about Greece’s growth rate and the prospects of its economy for 2019, warning, however,…

Greek bonds suddenly emerge bright on investors’ radar, combining higher yields within Eurozone stability
FINANCE
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FINANCE
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Greek bonds suddenly emerge bright on investors’ radar, combining higher yields within Eurozone stability

Panos - Apr 09, 2019

Greek bonds and shares on the Athens Stock Exchange (ATHEX) are again piquing international investors' interests, according to Bloomberg, commenting…

Salvini: Italian ports will remain closed for illegal immigrants
FINANCE
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FINANCE
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Salvini: Italian ports will remain closed for illegal immigrants

Panos - Apr 05, 2019

The Italian Interior Minister Mateo Salvini insists that the ports of Italy will remain closed to NGOs and traffickers who…

Conference on ‘Shipping Economy & Greek Growth in Thessaloniki’ on Friday
FINANCE
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FINANCE
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Conference on ‘Shipping Economy & Greek Growth in Thessaloniki’ on Friday

Panos - Apr 05, 2019

The Maritime Economic Forum, an initiative by local NGOs and Thessaloniki residents, will host its inaugural conference in the northern…

Finance ministry: Arrears to the private sector up in Feb. 2019
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FINANCE
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Finance ministry: Arrears to the private sector up in Feb. 2019

Panos - Apr 05, 2019

Greece's finance ministry on Thursday reported an increase, in February, of arrears by the state owed to the private sector.…

No binding offers submitted for majority stake of Hellenic Petroleum
FINANCE
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FINANCE
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No binding offers submitted for majority stake of Hellenic Petroleum

Panos - Apr 04, 2019

No binding offers were submitted by the ascribed deadline to the Hellenic Republic Asset Development Fund (HRADF) for a 50.1-percent…

The Athens Easter holiday shopping hours
FINANCE
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FINANCE
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The Athens Easter holiday shopping hours

Panos - Apr 04, 2019

This year’s Easter holiday shopping hours for Athens will commence on April 18. The President of the Athens Commercial Association…

Archaeological council decision one of a handful of obstacles now blocking Cosco’s master plan for Piraeus Port Authority
FINANCE
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FINANCE
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Archaeological council decision one of a handful of obstacles now blocking Cosco’s master plan for Piraeus Port Authority

Panos - Apr 04, 2019

Concerns by the Cosco-managed Piraeus Port Authority over "redtape-coated" obstacles in its 600-million-euro master plan materialized on a grand scale…

EuroWorking Group ‘OK’ for first one-billion-euro disbursement to Greece; part of debt relief measures
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FINANCE
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EuroWorking Group ‘OK’ for first one-billion-euro disbursement to Greece; part of debt relief measures

Panos - Apr 04, 2019

The EuroWorking Group on Wednesday, as widely expected, gave its approval for the disbursement of a nearly one-billion-euro tranche to…

European Commission report cautions on primary residence and public sector hirings
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European Commission report cautions on primary residence and public sector hirings

makis - Apr 03, 2019

The European Commission released its revised report for Greece regarding the enhanced surveillance, pointing out it had made significant progress…

Some 60.5K businesses, self-employed professionals in Greece ready to apply for out-of-court arrears settlement process
FINANCE
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FINANCE
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Some 60.5K businesses, self-employed professionals in Greece ready to apply for out-of-court arrears settlement process

Panos - Apr 03, 2019

Nearly 60,500 businesses, self-employed professionals and professional farmers have so far commenced – but not finalized - the process to…

Latest ΒoG forecast for Greek GDP in 2019 at 1.9%; address by central banker Stournaras
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FINANCE
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Latest ΒoG forecast for Greek GDP in 2019 at 1.9%; address by central banker Stournaras

Panos - Apr 02, 2019

The Bank of Greece (BoG) on Monday revised, downwards, it forecast for Greek GDP growth in 2019, at under 2…

Sotheby’s Greece posts record sales in luxury property in 2018
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FINANCE
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Sotheby’s Greece posts record sales in luxury property in 2018

Panos - Mar 29, 2019

Sotheby’s Greece, which specialises in luxury property had record sales in Greece in 2018. According to the company’s chairman and…

Greek Tragedy for one hedge fund is not enough stocks to buy
FINANCE
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FINANCE
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Greek Tragedy for one hedge fund is not enough stocks to buy

Panos - Mar 29, 2019

Amber Capital is so bullish on Greece that it only wishes there were more stocks it could buy. “I’m super…

OPAP’s board proposes 0.70-euro dividend on back of record GGR performance in Q4 2018
FINANCE
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FINANCE
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OPAP’s board proposes 0.70-euro dividend on back of record GGR performance in Q4 2018

Panos - Mar 28, 2019

The ATHEX-listed Greek Organisation of Football Prognostics' S.A. (OPAP) board on Wednesday proposed a dividend of 0.70-euros per share, with…

Turkish economy reaches uncharted territory on cusp of election week
FINANCE
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FINANCE
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Turkish economy reaches uncharted territory on cusp of election week

Panos - Mar 28, 2019

“Uncharted” fluctuations returned to the Turkish markets on March 22 for the first time in six months. It made for…

Dragasakis: gov’t not opposed to reward for responsible borrowers; may not make it into current draft bill
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FINANCE
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Dragasakis: gov’t not opposed to reward for responsible borrowers; may not make it into current draft bill

Panos - Mar 28, 2019

A top government minister on Wednesday, during debate at a relevant Parliament committee, expressed qualified support towards legislating a law…

Greek government submits primary residence amendment
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FINANCE
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Greek government submits primary residence amendment

Panos - Mar 28, 2019

The Greek government submitted a legislative amendment with the new framework for the protection of primary residence on Tuesday night.…

No EWG decision on 975-mln€ tranche to Greece due to delays over primary residence law
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FINANCE
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No EWG decision on 975-mln€ tranche to Greece due to delays over primary residence law

Panos - Mar 27, 2019

Monday's Euroworking Group concluded without a decision to disburse a 975-million-euro tranche to Athens, a more-or-less expected development after Athens…