Category: FINANCE

Historic Athens Ledra hotel to reopen
FINANCE
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Historic Athens Ledra hotel to reopen

Panos - Oct 10, 2017

After two years of being shut down the Athens Ledra will make its grande return on Syngrou Avenue in 2018…

Creditors’ top reps back in Athens on Oct. 23 to commence negotiations
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Creditors’ top reps back in Athens on Oct. 23 to commence negotiations

Panos - Oct 10, 2017

Creditors' top auditors will return to Athens on Oct. 23, according to a schedule announced after Monday's Eurogroup meeting, with…

EU to single out Chinese imports in report on market distortions
FINANCE
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FINANCE
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EU to single out Chinese imports in report on market distortions

Panos - Oct 09, 2017

China will be singled out for special attention under new trade rules to limit excessively cheap imports into the European…

FDP wants to cut off Greece from the Eurozone
FINANCE
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FINANCE
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FDP wants to cut off Greece from the Eurozone

Panos - Oct 09, 2017

The German Free Democratic Party (FDP) leader Christian Lindner has been demanding a change of policy towards the Eurozone to…

TUI chief: Interest in buying up to 10 hotels in Greece
FINANCE
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FINANCE
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TUI chief: Interest in buying up to 10 hotels in Greece

Panos - Oct 09, 2017

German tourism giant TUI announced this month that it's eyeing the purchase of 10 new hotel units in Greece, on…

Εurobank report: Greek taxpayers increasingly unable to fulfill higher tax burdens
FINANCE
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FINANCE
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Εurobank report: Greek taxpayers increasingly unable to fulfill higher tax burdens

Panos - Oct 09, 2017

A growing inability of taxpayers in Greece to meet rising tax rates was highlighted last week in an Alpha Bank…

Greece: Competition Commission fines US & French cosmetics firms for “distorting competition”
FINANCE
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FINANCE
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Greece: Competition Commission fines US & French cosmetics firms for “distorting competition”

Panos - Oct 06, 2017

Greece’s state Competition Commission has fined six big cosmetics firms, including Christian Dior, L’Oreal and Estee Lauder a sum of…

Eurobank sells 1,5bn Euro bad loans to hedge fund for just 45 million Euros!
FINANCE
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FINANCE
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Eurobank sells 1,5bn Euro bad loans to hedge fund for just 45 million Euros!

Panos - Oct 06, 2017

Eurobank, Greece’s third largest lender, said on Thursday it will sell a 1,5 billion Euro pool of non-performing loans to…

Passenger traffic up 8.1% at Athens Int’l Airport over first nine-month period
FINANCE
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FINANCE
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Passenger traffic up 8.1% at Athens Int’l Airport over first nine-month period

Panos - Oct 06, 2017

Passenger traffic at Athens' Eleftherios Venizelos international airport increased by 7.8 percent in September 2017 (yoy), as 2.29 million passengers…

STASY workers stop issuing Smart Tickets & Cards – Minister threatens to fire them!
FINANCE
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FINANCE
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STASY workers stop issuing Smart Tickets & Cards – Minister threatens to fire them!

Panos - Oct 05, 2017

The unions of employees at Athens fix-track transport means announced that they will stop issuing the new electronic smart tickets…

Five billion euros cited in 2018 Greek draft budget from bond issues
FINANCE
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FINANCE
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Five billion euros cited in 2018 Greek draft budget from bond issues

Panos - Oct 05, 2017

Bond issues worth five billion euros within 2018 are foreseen in the draft budget for the year, which was tabled…

BlackRock: Greek Economy is resurgent, investments unlocked
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FINANCE
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BlackRock: Greek Economy is resurgent, investments unlocked

Panos - Oct 05, 2017

Global investment management corporation BlackRock has issued an upbeat analysis on a series of the continent’s nations — including the…

Greek central bank governor suggests more privatization to support recovery
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Greek central bank governor suggests more privatization to support recovery

Panos - Oct 04, 2017

Central Bank of Greece Governor, Yannis Stournaras, suggested privatizations amounting to 12 billion euros (14.1 billion US dollars) from 2018…

Reuters: Greece names new CEO to lead privatization agency
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Reuters: Greece names new CEO to lead privatization agency

Panos - Oct 04, 2017

Greece has appointed Riccardo Lambiris as the new chief executive of its privatization agency, which is trying to sell assets…

Greece backs extradition of Russian to US over bitcoin fraud
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FINANCE
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Greece backs extradition of Russian to US over bitcoin fraud

Panos - Oct 04, 2017

A Greek court ruled Wednesday to extradite Russian cybercrime suspect Alexander Vinnik to the United States, where he is wanted…

Greek archaeological council declares 280 acres at Hellinikon former airport as an archaeological site
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Greek archaeological council declares 280 acres at Hellinikon former airport as an archaeological site

Panos - Oct 04, 2017

The Greek archeological council has decided to designate 289 acres at the Hellinikon former airport as an archaeological site with…

Mitsotakis dismisses Dijsselbloem advise to hold off elections until 2019; ‘it’s an internal Greek matter’
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Mitsotakis dismisses Dijsselbloem advise to hold off elections until 2019; ‘it’s an internal Greek matter’

Panos - Oct 03, 2017

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Monday took exception to a recent quip by Eurogroup chairman Jeroen…

Greek Gov’t Sees Higher Primary Surplus in 2018
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Greek Gov’t Sees Higher Primary Surplus in 2018

Panos - Oct 03, 2017

The Greek government anticipates stronger growth in 2018, and the draft budget presented in parliament on Monday shows that the…

Retail turnover up in July, yoy and compared to previous month
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FINANCE
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Retail turnover up in July, yoy and compared to previous month

Panos - Oct 02, 2017

An increase of 1.6 percent was reported by Greece's statistics authority (EL.STAT) in the retail turnover index for July 2017,…

Alpha Bank: Tourism, small-scale manufacturing exports leading econ recovery in Greece
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FINANCE
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Alpha Bank: Tourism, small-scale manufacturing exports leading econ recovery in Greece

Panos - Oct 02, 2017

Alpha Bank's weekly economic bulletin this week points to tourism and exports of small-scale manufacturing goods as the biggest positive…