Piraeus Bank has finalized an agreement with Intrum to create a new Athens-based distress fund to manage NPL portfolios and manage real estate, with details emerging over the weekend.
According…
The first Jewish mayor of a municipality in Greece in the post-war period was elected on Sunday, as medical professor Moses Elisaf won a hotly contested race by a razor-thin…
New Democracy-backed Costas Bakoyannis handily defeated ruling SYRIZA party’s candidate, Nasos Iliopoulos, in the Athens mayoral race during the second round of local government elections across the country on Sunday,…
The first reaction, albeit unofficial, by ruling SYRIZA party in the wake of its disappointing performance during Sunday’s second round of municipal and regional government elections, with 12 out f…
Main opposition New Democracy (ND) is given a nine-percentage-point lead over ruling SYRIZA in a latest opinion poll released to coincide with the first results of Sunday’s second round of…
Eleven out of 13 regional government entities in Greece on Sunday have been won by candidates backed or affiliated with main opposition New Democracy (ND) party, painting the “political map”…
High-profile PASOK cadre Evangelos Venizelos, who’s served as a minister in several governments since the late 1990s and as the party’s president, appears headed towards an “exit” from PASOK’s successor…
The first “green” ferry boat on the Salamania-Perama route, which connects the eponymous island with the greater Athens area’s mainland across a narrow strait, is expected to begin service in…
Greece and its newly christened neighbor, the Republic North Macedonia, on Friday took another major step towards normalizing bilateral relations – within the framework of the landmark Prespa agreement –…
Members of the now beleaguered Tsipras government’s Cabinet on Friday afternoon approved the appointment of a new Supreme Court president and a high court chief prosecutor, ignoring an avalanche of…
Greek central banker Yannis Stournaras on Friday said the Euro-system’s actions over the past several years were, after all, quite successful in dealing with the acute crisis that emerged in…
The 10-year Greek bond fell beneath the 3-percent yield in trading on Friday, a historic low that comes days after ruling SYRIZA party suffered a convincing defeat in the European…
By G. Kampourakis [email protected]
Greek Prime Minister Alexis Tsipras will convene a Cabinet meeting on Friday, set to begin at 1 p.m. local time, where, by all accounts, he will…
By I. Zafolia [email protected]
The general index at the Athens Stock Exchange (ATHEX) this week surpassed the 800-point mark after roughly a year, reaching 813.33.
In the wake of the…
Public Power Corp. (PPC) on Thursday held a tender for the purchase of 130,000 cubic meters of LNG – corresponding to 880.00 thermal MWh – with five providers submitting bids…
Main opposition New Democracy enjoyed a comfortable difference from ruling SYRIZA in terms of expatriate Greeks’ vote in Sunday’s European Parliament election, with the center-right party garnering 33.89 percent compared…
The fifth annual Greek Maritime Golf Event will take place at the Costa Navarino resort on June 8 and June 9.
Teams are comprised of four international shipping executives each…
An Iraqi national, 27, was arrested by police in central Athens on Thursday, who executed a European warrant issued by German authorities on terrorism charges against the man.
The suspect…
Main opposition New Democracy (ND) flatly rejected a “quasi olive branch” extended by the justice minister hours earlier, with the latter offering the rival party a say in the selection…
The relevant energy minister has reportedly requested the resignation of Public Gas Corp. of Greece (De.pa) CEO Dimitris Tzortzis, some 40 days before snap elections are held on Sunday, July…
The SYRIZA government’s justice minister on Thursday addressed a letter to main opposition New Democracy (ND) leader Kyriakos Mitsotakis calling for consensus by the latter’s center-right party over the appointment…
Main opposition New Democracy (ND) president Kyriakos Mitsotakis on Thursday received former ND leader Costas Karamanlis at the former’s office in Parliament. Karamanlis was the Greek prime minister between 2004…
A major fire has erupted on an under-repair vessel docked at a pier in Drapetsona, just west of the main port of Piraeus. The vessel was identified as the Togo-flagged…
Greek banks are expected to announce higher rates for inter-bank withdrawals from ATMs, with some reports pointing to an “astronomical” surcharge of three euros per inter-bank transaction.
The new rates…
By L. Karageorgos [email protected]
Navios Maritime Holdings expects a gradual recovery in bulk rates over the coming period, according to Angeliki Frangou, the head of the Navios group, who spoke…
By L. Karageorgos
[email protected]
NASDAQ-listed Star Bulk Carriers has added another 11 bulkers to its fleet.
The Athens-based company, run by Petros Pappas, purchased the vessels from companies controlled by…
Private sector deposits increased by 1.54 billion euros in April 2019, compared from the previous months, whereas deposits held by the general government decreased by 2.43 billon euros, according to…
Capital Ship Management Corp. this week picked up the “Green Environmental Achievement Award” for 2018 from the port of Long Beach in southern California, the third straight time it has…
Parliament’s independent budget office on Wednesday’s offered a much-needed “thumbs up” to the now besieged Tsipras government – some 40 days before a snap election – forecasting that there is…
The prospect of the now “lame duck” Tsipras government nominating and then ratifying – via its slim Parliament majority – candidates for the country’s top judicial posts ignited a firestorm…
