By G. Hatzilidis [email protected]
A final agreement between ATHEX-listed Technical Olympic and Belterra Investments for the sale of the Porto Carras resort in northern Greece to the latter is expected…
By K. Deligiannis [email protected]
Italy’s Edison is reportedly ready to propose another joint consortium with Hellenic Petroleum (Hel.pe) in order to submit a binding offer for Greece’s state-run Public Gas…
The Union of Greek Shipowners (UGS) on Wednesday announces its full backing to proposal by global shipping interests to create a five-billion-dollar research and development fund for eliminating CO2 emissions…
Reuters on Wednesday reported that the Mitsotakis government in Athens is considering the early repayment of another batch of IMF loans in 2020, months after covering a portion of the…
The first prosecutorial recommendation in the explosive and prolonged trial of an ultra-nationalist Golden Dawn member, charged in the stabbing death of a rapper more than six year ago, came…
Police raided and evacuated another three “squats” in central Athens in an early morning operation, nearly two weeks after a deadline, issued by the relevant public order minister for the…
By V. Vegiri [email protected]
An agreement to lease two sugar production units in northern Greece, previously owned and operated by the debt-laden and loss-making Hellenic Sugar Industry (HSI), has reportedly…
IKEA’s national partner in Greece, the Fourlis Group, is expected to create a medium-to-small sized chain of the well-known Swedish retailer’s outlets in Bulgaria.
The five medium-sized stores and the…
A request by Athens towards the European Central Bank (ECB) to lift restrictions on Greek banks’ exposure to bonds issued by the Greek state appears likely to be approved, with…
New indictments alleging felony offenses were filed by prosecutors in Athens this week against the former primary shareholders, chief executives and former board members of Athens-based multinational retailer and accessory…
Athens appeared satisfied, according to government sources, with Tuesday meeting between Greek Prime Minister Kyriakos Mitsotakis and new ECB President Christine Lagarde in Frankfurt, herself an “old hand” in successive…
No less than 45 Turkish warplanes were recorded on Tuesday as infringing on Athens FIR regulations and Greek airspace, with 16 engagements reported between the former and Greek fighter planes…
Pancreta Bank has entered into exclusive negotiations with Praxia Bank, as of Monday, with the former tabling a non-binding offer, an official announcement noted. Necessary due diligence processes will be…
A Lamda Development share capital increase was covered by roughly 1.1 times by the deadline on Monday, with the Athens-based and ATHEX-listed real estate developer draining 650 million euros.
The…
A snap decision on Monday afternoon by one of nine unions representing Athens metro employees to declare a work stoppage for Tuesday morning, up until 10 a.m., generated an angry…
Greece’s coast guard, assisted by Frontex, picked up another 136 third country nationals overnight attempting to reach a handful of Greek islands and territory after setting off from the opposite…
The government on Monday officially announced that it will sell 49 percent of the independent Hellenic Electricity Distribution Network Operator (DEDDHE), but with “heightened minority rights” in order to attract…
Praxia Bank, a newcomer to Greece’s previously crisis-shocked banking sector that promised to become the first fully digital credit institution in the country, over the weekend announced a reduction of…
A decision by an independent gaming commission-affiliated committee tasked with evaluating binding offers for a gaming license at the Helleniko property may be released within the week, Development and Investments…
By A. Tsimplakis [email protected]
Greece’s tourism industry remains the country’s “locomotive” in terms of economic growth, which was recorded at 2.3 percent in the third quarter of 2019, on an…
Scope Ratings sees a greater surge of foreign direct investments to Greece in 2020, as well as higher growth, although wary of a stated target of 2.8 percent of GDP…
The primary budget surplus posted by the Greek state between January and November 2019 reached 6.94 billion euros, according to figures released on Monday.
The figure exceeds the foreseen target,…
Piraeus-based Celestyal Cruises this month received a top distinction for the world’s cruise operators, picking up the “Best for Service” category at the 11th annual UK Editors’ Picks Awards, organized by…
By Deligiannis
[email protected]
A medium-term strategic plan for state-run Public Power Corp. (PPC), the dominant electricity provider in the country, reportedly foresees the gradual increase in operational profitability up to…
A 53-year-old local man who started a political movement in Greece based on the premise that he controlled up to 600 billion euros worth of post WWI-era bank bonds –…
National Bank of Greece on Friday announced a successful sale of a shipping loans portfolio to funds advised by Cross Ocean Partners, with total claims in the portfolio totally approximately…
Greek Prime Kyriakos Mitsotakis appeared reassuring at a press conference in Brussels on Friday in touching on the latest Turkish provocations in the eastern Mediterranean, especially an attempt by Ankara…
A 20-year-old Greek merchant marine cadet was freed this week, more than a month after pirates abducted him and another three crew-members of the tanker “Elka Aristotle” off the coast…
Greece received more-or-less the absolute and unanimous support of its European partners on Thursday, during an official EU Council summit in Brussels, more than a week after the latest, and…
Three non-binding offers have reportedly been tabled for a majority stake in Wind, one of three mobile phone operators and telecoms providers in Greece, with a deadline expiring on Wednesday…
