Category: FINANCE

Elon Musk gains $8 billion in a day to become the 4th richest man in the world
FINANCE
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FINANCE
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Elon Musk gains $8 billion in a day to become the 4th richest man in the world

Panos - Aug 19, 2020

Elon Musk’s financial upswing shows no signs of slowing. The outspoken entrepreneur is now the world’s fourth-richest person after Tesla…

Greece raises 812.5 million euros through a 3-month Treasury bill
FINANCE
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FINANCE
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Greece raises 812.5 million euros through a 3-month Treasury bill

Panos - Aug 06, 2020

Greece raised 812.5 million euros through the sale of a 3-month Treasury bill auction on Wednesday, at a negative rate…

Fresh lira slide rekindles crisis fears for Turkey
DEFENCE
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DEFENCE
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Fresh lira slide rekindles crisis fears for Turkey

Panos - Jul 31, 2020

Turkey’s lira is back in the spotlight. After two months of stability, the currency is testing the 7-per-dollar threshold and…

Mitsotakis – Pensions: In 2020 the retroactive payments to the pensioners
FINANCE
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FINANCE
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Mitsotakis – Pensions: In 2020 the retroactive payments to the pensioners

Panos - Jul 30, 2020

In 2020, the retroactive payments to the pensioners will be paid in a lump sum, according to the court decision,…

Facebook takes EU antitrust regulators to court
FINANCE
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FINANCE
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Facebook takes EU antitrust regulators to court

Panos - Jul 29, 2020

US technology giant Facebook is suing EU regulators after a spat between the two parties erupted over access to company…

OECD report estimates 9.8% recession for Greece
FINANCE
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FINANCE
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OECD report estimates 9.8% recession for Greece

Panos - Jul 23, 2020

The OECD estimates a recession of up to 9.8% for Greece with a parallel rise in the unemployment rate of…

EU 27 leaders reach agreement after marathon meeting
FINANCE
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FINANCE
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EU 27 leaders reach agreement after marathon meeting

Panos - Jul 21, 2020

EU leaders have struck a deal on a huge post-coronavirus recovery package following a fourth night of talks. It will…

New York Times: Greek wine among the top under $20
FINANCE
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FINANCE
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New York Times: Greek wine among the top under $20

Panos - Jul 17, 2020

The New York Times on July 10 featured a Greek wine among the “20 Under $20: Wines That Feed the…

Tesla entering Greek market
FINANCE
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FINANCE
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Tesla entering Greek market

Panos - Jul 17, 2020

Greece is one of the countries that Tesla has been looking at closely in recent years, having established a small…

Mitsotakis to FT: No Troika-like conditions for aid via EU Rehabilitation Fund
FINANCE
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FINANCE
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Mitsotakis to FT: No Troika-like conditions for aid via EU Rehabilitation Fund

Panos - Jul 06, 2020

PM Kyroiakos Mitsitakis made it clear in an interview to Financial Times that his government would not accept any strict…

Greece successfully auctioned six-month bonds
FINANCE
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FINANCE
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Greece successfully auctioned six-month bonds

Panos - Jul 02, 2020

Greece auctioned successfully on Wednesday a six-month bond raising 812.5 million Euros from the market at a lower cost. The…

Hatzidakis: Greece will make the most of European funds to restart the economy
FINANCE
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FINANCE
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Hatzidakis: Greece will make the most of European funds to restart the economy

Panos - Jun 24, 2020

Environment & Energy Minister Kostis Hatzidakis said that Greece will make the most of European funds to restart the economy,…

Tax statement submission deadline extended to July 29
FINANCE
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FINANCE
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Tax statement submission deadline extended to July 29

Panos - Jun 19, 2020

The Ministry of Finance has extended the deadline for Greek citizens to file their tax statements for the fiscal year…

Israel sends clear message of support to Greece in light of Turkish aggression (read full joint statement)
DEFENCE
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DEFENCE
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Israel sends clear message of support to Greece in light of Turkish aggression (read full joint statement)

Panos - Jun 17, 2020

Israel expressed its full support to Greece regarding maritime zones and its opposition to any attempt to violate these rights…

Greece sells 12-month T-bills
FINANCE
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FINANCE
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Greece sells 12-month T-bills

Panos - Jun 11, 2020

Greece on Wednesday successfully auctioned a 12-month Treasury bill issue raising 1.3 billion euros from the market. The return of…

Cafes, restaurants reopening with strict safety rules
FINANCE
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FINANCE
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Cafes, restaurants reopening with strict safety rules

Panos - May 25, 2020

Greece’s cafes and restaurants are reopening for business on Monday following a long hiatus, as they closed just over two…

Merkel intervenes in damaging row between Germany and Brussels
FINANCE
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FINANCE
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Merkel intervenes in damaging row between Germany and Brussels

Panos - May 13, 2020

Angela Merkel has stepped in to try to find a way out of a damaging clash between Germany and Brussels…

Turkey to inject $3 billion into economy in last ditch attempt to salvage failing economy
FINANCE
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FINANCE
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Turkey to inject $3 billion into economy in last ditch attempt to salvage failing economy

Panos - May 13, 2020

Turkish President Recep Tayyip Erdogan is doubling down on his highly precarious monetary policies in an effort to buttress the…

FinMin Staikouras details second phase of measures to help in Covid-19 fallout
FINANCE
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FINANCE
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FinMin Staikouras details second phase of measures to help in Covid-19 fallout

Panos - May 01, 2020

Greek Finance Minister Christos Staikouras announced a new, targeted package of measures for the repercussions of the Covid-19 pandemic in…

Greek GDP rose to 184.714 billion euros in 2019, Eurostat report
FINANCE
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FINANCE
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Greek GDP rose to 184.714 billion euros in 2019, Eurostat report

Panos - Apr 23, 2020

Greece’s general government surplus reached 2.7 billion euros or 1.5 pct of GDP in 2019, based on the ESA 2010…