Category: FINANCE

A huge gas deposit was discovered in Cyp
FINANCE
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FINANCE
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A huge gas deposit was discovered in Cyp

Panos - Feb 15, 2019

A large gas deposit was found in Plot 10 of the Exclusive Economic Zone (EEZ) of Cyprus and is expected…

Govt, banks reach agreement on new framework to protect primary residences from creditors
FINANCE
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FINANCE
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Govt, banks reach agreement on new framework to protect primary residences from creditors

Panos - Feb 15, 2019

An agreement was announced on Thursday evening between the Greek government and the four systemic banks in the country over…

Apple and Google accused of allowing “Sharia law” app in Saudi Arabia
FINANCE
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FINANCE
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Apple and Google accused of allowing “Sharia law” app in Saudi Arabia

Panos - Feb 13, 2019

Apple and Google have both been accused of enabling “gender apartheid” by allowing an app which helps Saudi men track…

German banks manoeuvre in Washington to temper Russia sanction risk
FINANCE
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FINANCE
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German banks manoeuvre in Washington to temper Russia sanction risk

Panos - Feb 12, 2019

German banks are seeking to blunt any fresh U.S. sanctions against Russia so they can continue existing business with Russian…

Political tensions throughout Europe could lead to a serious economic slowdown
FINANCE
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FINANCE
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Political tensions throughout Europe could lead to a serious economic slowdown

Panos - Feb 12, 2019

The European economy is stuck, and this has nothing to do with Brexit. Try this question: out of the four…

Govt spox denies another bank recapitalization in the works; refers to ‘danger-mongering’
FINANCE
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FINANCE
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Govt spox denies another bank recapitalization in the works; refers to ‘danger-mongering’

Panos - Feb 12, 2019

A government spokesman in Athens on Monday attempted to downplay resurgent speculation and concerns over "bad debt" burdening Greece's systemic…

ESM Head Regling warns Greece needs to pick up pace of prerequisites
FINANCE
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FINANCE
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ESM Head Regling warns Greece needs to pick up pace of prerequisites

Panos - Feb 12, 2019

European Stability Mechanism (ESM) Managing Director Klaus Regling said the rate at which Greece was implementing the necessary prerequisites was…

Greece-based shipping companies’ remittances for 2017 near 3 bln USD
FINANCE
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FINANCE
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Greece-based shipping companies’ remittances for 2017 near 3 bln USD

Panos - Feb 11, 2019

The major impact of the maritime shipping sector in Greece's recovering economy was again confirmed this week, with figures compiled…

Hellas Gold presses with legal action to lift bureaucratic obstacles for its Skouries operation
FINANCE
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FINANCE
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Hellas Gold presses with legal action to lift bureaucratic obstacles for its Skouries operation

Panos - Feb 08, 2019

Three out of five separate motions brought by Hellas Gold, the country subsidiary of Canada's Eldorado Gold, against the Greek…

Greek FinMin attempts to defuse speculation regarding banks’ ‘bad debt’ load
FINANCE
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FINANCE
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Greek FinMin attempts to defuse speculation regarding banks’ ‘bad debt’ load

Panos - Feb 08, 2019

Greek Finance Minister Euclid Tsakalotos on Thursday attempted to dampen speculation in Athens regarding prospects and possible measures to reduce…

Strong demand for 13W T-bills, yield reaches 0.5%
FINANCE
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FINANCE
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Strong demand for 13W T-bills, yield reaches 0.5%

Panos - Feb 07, 2019

The Greek state drained 812 million euros from the markets on Wednesday during an auction of 13-week T-Bills. The auction…

Greece to develop political, economic, trade ties with Kurdistan: Greek Consul-General
FINANCE
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FINANCE
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Greece to develop political, economic, trade ties with Kurdistan: Greek Consul-General

Panos - Feb 06, 2019

Greece aims to strengthen bilateral relations with the autonomous Kurdistan Region after upgrading its representative office to Consulate-General in Erbil…

Turkey only European country buying Iranian crude, Iranian minister says
FINANCE
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FINANCE
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Turkey only European country buying Iranian crude, Iranian minister says

Panos - Feb 06, 2019

Turkey is the only European country purchasing crude oil from Iran even after the United States gave other countries exemptions…

Study: Short-term lease sector increase in Greece estimated at 25%; 1.9 bln€
FINANCE
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FINANCE
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Study: Short-term lease sector increase in Greece estimated at 25%; 1.9 bln€

Panos - Feb 06, 2019

Grant Thornton estimates the short-term lease sector in Greece as growing by a whopping 25 percent last year, with revenues…

Acropolis avoids ‘unknown owner’ designation at the last minute
FINANCE
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FINANCE
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Acropolis avoids ‘unknown owner’ designation at the last minute

Panos - Feb 05, 2019

Inclusion of properties in the greater Athens area in the under-construction national cadastre has brought to light several "peculiarities" of…

Greek Dep. PM on ‘bad debt’ crisis: If we’re not careful, banks may be led to point of needing fresh capital
FINANCE
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FINANCE
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Greek Dep. PM on ‘bad debt’ crisis: If we’re not careful, banks may be led to point of needing fresh capital

Panos - Feb 01, 2019

Greek Economy Minister and Deputy PM Yannis Dragasakis on Thursday again sounded "warning bells" over the high level of non-performing…

735 million Euros in gold bars prepared for loading onto Russian jet at Venezuelan airport
FINANCE
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FINANCE
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735 million Euros in gold bars prepared for loading onto Russian jet at Venezuelan airport

Panos - Jan 31, 2019

About 20 tons of gold from Venezuela’s central bank was ready to be hauled away Tuesday on a Russian airline’s…

FINANCE
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Bloomberg on Greek bond sale

Panos - Jan 31, 2019

Two thirds of a Greek five-year bond floated on Tuesday has ended up with fund managers, Bloomberg reported on Wednesday,…

High buyers’ interest for Greek five-year bond; yield at roughly 3.6%
FINANCE
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FINANCE
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High buyers’ interest for Greek five-year bond; yield at roughly 3.6%

Panos - Jan 30, 2019

The Greek state will reportedly drain roughly 2.5 billion euros from a five-year bond it floated on Tuesday, with the…

Greece secures 2.5 billion euros for 5-year-bond
FINANCE
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FINANCE
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Greece secures 2.5 billion euros for 5-year-bond

makis - Jan 29, 2019

Greece managed to secure a 2.5 billion euros loan on a 5-year state bond it issued at an interest rate…