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…
A supreme court prosecutor Ioannis Angelis on Thursday reportedly told members of a Parliamentary fact-finding committee US federal authorities, namely, the FBI, never conveyed information to the anti-corruption prosecutor’s office…
By T. Igoumenidi
[email protected]
Athens-based Dolphin Capital Partners (DCP) this week announced a 50-million-euro investment to operate a floating hybrid hotel in Greece, reportedly the first such endeavor in the…
By A. Tsimplakis
[email protected]
A shipping ministry-affiliated public ports authority intends to launch another international tender for the marine salvage of a state-of-the-art cruise ship that sank in Santorini’s iconic…
New European Central Bank (ECB) President Christine Lagarde, speaking on Thursday in Frankfurt after chairing her first ECB executive board meetings, said she was “really delighted” with Greece’s recovery and…
The president of Libya’s house of representatives, Aguila Saleh Issa, again reiterated, this time from Athens, that a recently signed agreement between Turkish and the interim Libyan government in Tripoli…
A closely watched draft bill containing a framework to significantly reduce the level of “bad debt” held by Greece’s systemic banks was passed by a Parliament majority on Thursday evening.…
Turkey blackmailed the recognized Libyan government (GNA), which controls Tripoli and only swathes of land in the country’s west, to agree to a much-maligned agreement attempting to delimitate exclusive economic…
Residential property prices are quickly rebounding in previously crisis-battered Greece, the country’s central bank report his week in a relevant study. An economic recovery in tandem with purchases of property…
An earthquake measuring 4.8 on the Richter scale was reported at 05:05 (03.05 GMT) east, southeast of eastern Crete.
The quake was pinpointed in a sea region 12 kilometers from…
An overwhelming number of deputies in Parliament, 288 out of 300, late Wednesday evening ratified a draft bill that finally allows eligible Greek citizens living abroad the right to vote…
Five out of 10 surveyed wage-earners in Greece declared an “unexplained exhaustion”, while four in 10 are experiencing “conflicts” in the workplace, with three in 10 saying they do not…
Rife speculation in Athens that one of two bidders for the prized Integrated Resort Casino (IRC) license at the Helleniko site acquired substance on Wednesday, with Hard Rock International CEO…
Correction: The last paragraph should read “…expiring four days earlier than prescribed…” instead of four months.
By T. Igoumenidi [email protected]
One of the two official bidders for an Integrated Resort…
The fourth Metaxa Hospitality Group hotel will open next spring on the prime holiday destination of Santorini, its second unit on the specific Cyclades island.
The Crete-based hotel operator’s proposed…
The recovering Greek economy got another positive “nod” on Tuesday, this time from US Commerce Secretary Wilbur Ross, who praised what he called the new Mitsotakis government’s pro-investment policies, while…
The latest prison furlough request by convicted “November 17” terrorist Dimitris Koufodinas was rejected on Tuesday.
The notorious N17 arch-assassin had petitioned for a nine-day furlough from a prison farm…
The Greek finance ministry on Tuesday evening tabled a draft bill in Parliament outlining a framework package for reducing the massive “bad debt” held by the country’s four systemic banks,…
