Category: FINANCE

Wedding tourism: Santorini among the world’s top 2019 destinations
FINANCE
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FINANCE
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Wedding tourism: Santorini among the world’s top 2019 destinations

Panos - Nov 16, 2018

What are the latest destination wedding and honeymoon trends as we head into 2019? Here’s what’s going on according to…

Rulings in FF bankruptcy protection expected on Mon.
FINANCE
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FINANCE
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Rulings in FF bankruptcy protection expected on Mon.

Panos - Nov 16, 2018

Motions by Folli Follie Group (FFG) for continued protection from creditors, on the one hand, and a group of investors…

Court of Audit reportedly OK’s contract to extend Athens Int’l Airport concession by 20 years
FINANCE
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FINANCE
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Court of Audit reportedly OK’s contract to extend Athens Int’l Airport concession by 20 years

Panos - Nov 16, 2018

Greece's Court of Audit has reportedly approved of a contract to extend the concession for the Athens International Airport by…

IMF: Suspension of pension cuts measure an issue between Athens, Europeans
FINANCE
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FINANCE
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IMF: Suspension of pension cuts measure an issue between Athens, Europeans

Panos - Nov 16, 2018

An International Monetary Fund (IMF) spokesman on Thursday again reiterated that the Fund is now restricted to an advisory role…

Euro Working Group gives green light for measure to leave Greek pensions uncut to remain intact
FINANCE
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FINANCE
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Euro Working Group gives green light for measure to leave Greek pensions uncut to remain intact

makis - Nov 15, 2018

The Euro Working Group has given the green light over the Greek government’s decision to not slash pensions, according to…

Greek budget: Revenues in Oct. 18 exceed target by 576 mln€
FINANCE
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FINANCE
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Greek budget: Revenues in Oct. 18 exceed target by 576 mln€

Panos - Nov 15, 2018

The monthly target for collecting state revenues was easily surpassed last month, October 2018, according to figures released on Wednesday…

MSCI decision to downgrade shares of 3 Greek systemic banks drags down ATHEX banking index
FINANCE
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FINANCE
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MSCI decision to downgrade shares of 3 Greek systemic banks drags down ATHEX banking index

Panos - Nov 15, 2018

MSCI's decision, on Tuesday, to shift (as of Nov. 30, 2018) the shares of three Greek systemic banks - Piraeus,…

Govt tables draft bill to reduce self-employed professionals’ social security contributions
FINANCE
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FINANCE
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Govt tables draft bill to reduce self-employed professionals’ social security contributions

Panos - Nov 14, 2018

The government on Monday evening announced a reduction of social security contributions by 33.3 percent for self-employed professionals and farmers,…

EBRD forecasts Greek economic, labor sector recovery, but at very slow rate
FINANCE
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FINANCE
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EBRD forecasts Greek economic, labor sector recovery, but at very slow rate

Panos - Nov 14, 2018

The European Bank for Reconstruction and Development (EBRD) forecasts a recovery in the Greek economy and the country's labor market,…

BoG points to higher residential property prices in Q3 2018, by 2.5% yoy
FINANCE
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FINANCE
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BoG points to higher residential property prices in Q3 2018, by 2.5% yoy

Panos - Nov 13, 2018

The Bank of Greece (BoG) on Monday released a report showing that residential prices in the country increased by 2.5…

Ex anti-corruption prosecutor sues successor of alleged Novartis case leaks
FINANCE
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FINANCE
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Ex anti-corruption prosecutor sues successor of alleged Novartis case leaks

Panos - Nov 13, 2018

The former top anti-corruption prosecutor in the country, Eleni Raikou, on Monday filed a petition to exclude her successor, Eleni…

Wood: Risks and solutions for Greek banking system
FINANCE
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FINANCE
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Wood: Risks and solutions for Greek banking system

Panos - Nov 13, 2018

Wood & Company this week reminded that there's "no magic wand" in dealing with the Greek banking system's problems, such…

Border post on Greek-Bulgarian frontier blocked due to protest on Bulgarian side
FINANCE
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FINANCE
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Border post on Greek-Bulgarian frontier blocked due to protest on Bulgarian side

Panos - Nov 12, 2018

Press reports on Sunday evening cited a protest on the Bulgarian side of the Promachonas/Kulata border post connecting Greece with…

EC revises its growth rate for Greek GDP down by 0.3%
FINANCE
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FINANCE
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EC revises its growth rate for Greek GDP down by 0.3%

Panos - Nov 09, 2018

The European Commission has revised its forecast for Greek economic growth in 2019 in its autumn report. The report released…

Thomsen reiterates IMF’s position in favor of pre-legislated reforms in Greece
FINANCE
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FINANCE
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Thomsen reiterates IMF’s position in favor of pre-legislated reforms in Greece

Panos - Nov 09, 2018

IMF European director Poul Thomsen on Thursday reiterated that the Fund continues to believe that pre-legislated reforms in Greece are…

Tsipras promises 10K new public sector hirings, in place of clergy; general elex set for 2019
FINANCE
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FINANCE
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Tsipras promises 10K new public sector hirings, in place of clergy; general elex set for 2019

Panos - Nov 09, 2018

Greek Prime Minister Alexis Tsipras on Thursday "raised the ante" from this week's announcement that Orthodox Church clergymen will be…

Bloomberg: Greek retirees migrating to the poorest country in the EU
FINANCE
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FINANCE
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Bloomberg: Greek retirees migrating to the poorest country in the EU

makis - Nov 08, 2018

A Bloomberg article titled “Greek Retirees Are Moving to One of Europe’s Poorest Countries” explains why Greek pensioners are opting…

PBO: Consolidated general govt primary balance improved by 1.089 bln€ in Jan-Sep 2018
FINANCE
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FINANCE
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PBO: Consolidated general govt primary balance improved by 1.089 bln€ in Jan-Sep 2018

Panos - Nov 08, 2018

Τhe Greek Parliament’s Budget Office on Wednesday estimated that the consolidated general government’s primary balance over the first nine-month period…

Tsipras announces long-expected bill to return pay deductions to law enforcement, military cadres, state physicians
DEFENCE
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DEFENCE
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Tsipras announces long-expected bill to return pay deductions to law enforcement, military cadres, state physicians

Panos - Nov 08, 2018

Greek Prime Minister Alexis Tsipras on Wednesday evening formally announced that his government will table a draft bill in Parliament…

Greece excluded from the embargo against Iran
FINANCE
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FINANCE
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Greece excluded from the embargo against Iran

Panos - Nov 07, 2018

Eight are the countries that are temporarily excluded from US sanctions against Tehran. China, India, South Korea, Turkey, Italy, Greece,…