Category: FINANCE

Moody’s raises Greece’s rating as reforms bring progress
FINANCE
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FINANCE
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Moody’s raises Greece’s rating as reforms bring progress

Panos - Nov 09, 2020

Moody’s Investors Service raised Greece’s sovereign credit rating by one notch, despite the negative effect of the pandemic on the economy…

Covid-19 economic support measures
FINANCE
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FINANCE
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Covid-19 economic support measures

Panos - Nov 05, 2020

Greek Finance Minister Christos Staikouras is detailing the measures to support employees and businesses due to the total Covid-19 lockdown,…

Over 10 billion-euro demand for 15-year Greek bond
FINANCE
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FINANCE
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Over 10 billion-euro demand for 15-year Greek bond

Panos - Oct 21, 2020

Demand for the 15-year bond issues has surpassed the 10 billion-euro barrier since it opened its bid book for reissue…

IMF forecasts a 4.1% growth rate for Greece in 2021
FINANCE
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FINANCE
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IMF forecasts a 4.1% growth rate for Greece in 2021

Panos - Oct 14, 2020

According to data released in the IMF’s World Economic Outlook in Washington on Tuesday, Greece will see a 4.1% growth rate in…

Greek Banks warn of new dangerous online “phishing” scams against consumers
FINANCE
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FINANCE
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Greek Banks warn of new dangerous online “phishing” scams against consumers

Panos - Oct 08, 2020

Greek banks have warned consumers to be particularly careful about a new type of fraud aimed at ‘phishing’ e-banking passwords, stating that…

Microsoft set to invest €1bn in Greece in Cloud services
FINANCE
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FINANCE
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Microsoft set to invest €1bn in Greece in Cloud services

Panos - Oct 05, 2020

Microsoft is set to make a huge investment in Greece with an estimated added value amounting to one billion euros. The…

2021 to Set off Avalanche of Business Insolvencies due to Covid-19 (infographic)
FINANCE
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FINANCE
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2021 to Set off Avalanche of Business Insolvencies due to Covid-19 (infographic)

Panos - Oct 01, 2020

According to a report by insurer Euler Hermes, the effects of the COVID-19 pandemic will be felt most severely in 2021 when…

Massive rise in electric car sales in Greece – Number of sales in a month equals 4 last years
FINANCE
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FINANCE
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Massive rise in electric car sales in Greece – Number of sales in a month equals 4 last years

Panos - Oct 01, 2020

Greek motorists have embraced the use of electric cars, as the data reveals that the total number of those that had…

New lockdown would be devastating for Greek economy, Finance Minister warned
FINANCE
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FINANCE
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New lockdown would be devastating for Greek economy, Finance Minister warned

Panos - Sep 30, 2020

With the recession this year expected to reach 8%, the government’s financial staff estimates that a new lockdown would have severe consequences…

Moody’s Investors Service downgrades 13 Turkish banks
FINANCE
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FINANCE
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Moody’s Investors Service downgrades 13 Turkish banks

Panos - Sep 17, 2020

Moody’s Investors Service downgraded 13 Turkish banks, just days after downgrading the Turkish economy’s credit rating. The outlooks on the long-term deposit…

Turkish Lira falls below psychological barrier
FINANCE
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FINANCE
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Turkish Lira falls below psychological barrier

Panos - Sep 17, 2020

The Turkish Lira has broken the psychological exchange rate barrier of 7.5 against the US dollar, despite efforts by the…

Mitsotakis from TIF: Oruc Reis to Antalya a “positive step” – Thoughts of compulsory conscription at 18
FINANCE
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FINANCE
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Mitsotakis from TIF: Oruc Reis to Antalya a “positive step” – Thoughts of compulsory conscription at 18

Panos - Sep 14, 2020

The Greek Prime Minister Kyriakos Mitsotakis, sent multiple messages to the other side of the Aegean during the Press Conference…

Greek Finance Minister: Greek tourism follows the basic scenario
FINANCE
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FINANCE
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Greek Finance Minister: Greek tourism follows the basic scenario

Panos - Sep 09, 2020

The Greek government will disburse around 10 billion euros to the domestic market in the next few months in support…

If you invested $1.000 in Gold 10 years ago here’s what it would be worth right now
FINANCE
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FINANCE
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If you invested $1.000 in Gold 10 years ago here’s what it would be worth right now

Panos - Aug 31, 2020

The price of gold fluctuates but historically over the long term, it trends higher. At the time of writing, the 10-year increase…

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…