Category: FINANCE

Greek state allocates 914 mln€ in Aug. 2018 to cover arrears to private sector
FINANCE
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FINANCE
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Greek state allocates 914 mln€ in Aug. 2018 to cover arrears to private sector

Panos - Sep 21, 2018

The Greek state and various general government entities allocated 914 million euros last month to cover arrears to the private…

Statistics authority: Greek-flagged fleet mostly unchanged in July 2018; transport capacity falls
FINANCE
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FINANCE
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Statistics authority: Greek-flagged fleet mostly unchanged in July 2018; transport capacity falls

Panos - Sep 21, 2018

The Greek-flagged commercial fleet reached 1,865 vessels as of July 2018, only marginal up from the corresponding month of 2017,…

Cyprus, Egypt sign new pipeline agreement
FINANCE
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FINANCE
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Cyprus, Egypt sign new pipeline agreement

Panos - Sep 20, 2018

Talks between Egypt and Cyprus on the construction of an underwater pipeline in the Eastern Mediterranean seems to have reached…

Greek FinMin meets with Schotz, Moscovici in Berlin; Athens steps up efforts to persuade creditors to suspend pending pension cuts
FINANCE
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FINANCE
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Greek FinMin meets with Schotz, Moscovici in Berlin; Athens steps up efforts to persuade creditors to suspend pending pension cuts

Panos - Sep 20, 2018

Greek Finance Minister Euclid Tsakalotos embodied the political cliché of being "cautiously optimistic" when asked if a scheduled social security…

Deadline to register income, properties; 34 Q&As regarding ‘Airbnb’ style leasings released by Greek tax bureau
FINANCE
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FINANCE
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Deadline to register income, properties; 34 Q&As regarding ‘Airbnb’ style leasings released by Greek tax bureau

Panos - Sep 19, 2018

Property owners and managers in Greece have until Nov. 30, 2018 to register online with the tax bureau if they've…

An abandonded shack went for € 1 million in Skopelos!
FINANCE
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FINANCE
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An abandonded shack went for € 1 million in Skopelos!

Panos - Sep 19, 2018

There is something about arriving by ferry at a picturesque Greek port that makes you feel immediately relaxed. Reaching Skopelos,…

Eldorado Gold seeks 750 mln€ in damages from Greek state over delays at Skouries site
FINANCE
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FINANCE
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Eldorado Gold seeks 750 mln€ in damages from Greek state over delays at Skouries site

Panos - Sep 19, 2018

Vancouver-based Eldorado Gold Corp., the parent company of Hellas Gold SA., is demanding 750 million euros in damages from the…

Marshall Islands registry, Green Award announce cooperation
FINANCE
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FINANCE
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Marshall Islands registry, Green Award announce cooperation

Panos - Sep 18, 2018

The Marshall Islands (RMI) registry and Green Award last week announced their cooperation, whereby the registry will provide GA-certified ships…

Job vacancy rate for Greece in Q1 2018 at 0.7%, lowest in Eurozone
FINANCE
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FINANCE
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Job vacancy rate for Greece in Q1 2018 at 0.7%, lowest in Eurozone

Panos - Sep 18, 2018

Greece placed last in a Eurostat list, published on Monday, in terms of Eurozone members' job vacancy rate for the…

Govt source: Athens tables arguments to creditors to avoid new round of social security spending cuts
FINANCE
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FINANCE
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Govt source: Athens tables arguments to creditors to avoid new round of social security spending cuts

Panos - Sep 13, 2018

The Greek government, as expected, on Wednesday broached the issue of suspending a planned reduction in social security spending -…

Public Debt Management Agency: Uniform yield remains stable at 1.09% for 12-month Greek bonds
FINANCE
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FINANCE
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Public Debt Management Agency: Uniform yield remains stable at 1.09% for 12-month Greek bonds

Panos - Sep 13, 2018

The Greek state raised 812.5 million euros from an auction of 52-week T-Bills on Wednesday, with total bids reaching 898…

Creditors request lifting of injunction protecting Folli Follie’s assets; stake in mall possibly on selling block
FINANCE
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FINANCE
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Creditors request lifting of injunction protecting Folli Follie’s assets; stake in mall possibly on selling block

Panos - Sep 11, 2018

Greece-based Folli Follie’s creditors on Friday requested the removal of an injunction protecting the retailer and jewellery accessory maker’s assets,…

Hotel federation president estimates 60K properties in Greece listed on Airbnb-like platforms
FINANCE
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FINANCE
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Hotel federation president estimates 60K properties in Greece listed on Airbnb-like platforms

Panos - Sep 11, 2018

More than 60,000 residential properties in Greece are listed on short-term lease platforms, i.e. Airbnb, the president of Greece's hoteliers'…

Klaus Regling warns creditors might suspend debt relief in Greece, if it stops reforms
FINANCE
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FINANCE
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Klaus Regling warns creditors might suspend debt relief in Greece, if it stops reforms

Panos - Sep 11, 2018

The Managing Director of the European Stability Mechanism (ESM) Klaus Regling warned that the debt relief measures for Greece would…

Breakdown of Tsipras’ promised measures, costs up until 2022
FINANCE
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FINANCE
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Breakdown of Tsipras’ promised measures, costs up until 2022

Panos - Sep 11, 2018

A package of measures, most bumped into the future and many even after general elections are scheduled in the autumn…

US Sec’t of Commerce Ross: Next step for Greece is propel economy into true growth orbit
FINANCE
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FINANCE
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US Sec’t of Commerce Ross: Next step for Greece is propel economy into true growth orbit

Panos - Sep 11, 2018

US Secretary of Commerce Wilbur Ross, who represented Washington over the weekend at the opening of a major trade fair…

Virtuoso: Greece among top-7 luxury destinations of American tourists during 2018
FINANCE
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FINANCE
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Virtuoso: Greece among top-7 luxury destinations of American tourists during 2018

Panos - Sep 10, 2018

The Middle East is seeing a comeback among upscale Americans this fall and holiday season, according to new findings from…

US interest in troubled Elefsina, Skaramangas shipyards
FINANCE
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FINANCE
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US interest in troubled Elefsina, Skaramangas shipyards

Panos - Sep 10, 2018

US-based ONEX, which will soon take control of the Neorion Yard on the Cyclades island of Syros, has expressed an…

These are the cities with the most ultra-rich
FINANCE
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FINANCE
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These are the cities with the most ultra-rich

Panos - Sep 10, 2018

The number of super-rich individuals across the world is increasing. According to the Wealth-X annual World Ultra Wealth Report, the…

PM Tsipras to meet US Commerce Secretary Ross on Friday
DEFENCE
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DEFENCE
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PM Tsipras to meet US Commerce Secretary Ross on Friday

Panos - Sep 07, 2018

Prime Minister Alexis Tsipras will meet with US Commerce Secretary Wilbur Ross on Friday afternoon, his office announced on Thursday.…