EconomyLoop
where regional business news becomes global to everyone

Motor Oil announces purchase of 90% of electricity producer NRG

Greece-based Motor Oil, the biggest privately run refinery and fuel supply group in the country, on Thursday announced the purchase ... read more

 Naftemporiki10 minutes ago

     
EWG document reveals plans on Greek debt, post-program supervision, cash buffer

The decisions on Greece's debt, on extending the grace period for debt repayment, lengthening debt maturity and the cash buffer that will ensure the country's safe return to the markets will be taken by eurozone's finance ministers at the Eurogroup m... read more

 Ekathimerini10 minutes ago
Greek unemployment continues to ease in May 2018

The unemployment rate in Greece continued to fall in May 2018, compared to both the corresponding month in 2017 and ... read more

 Naftemporiki34 minutes ago
All Eyes on Eurogroup for Greek Debt Relief, Post-Bailout Scrutiny

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 Greek Reporter34 minutes ago
Moscovici: Creditors must avoid creating '4th memorandum' for Greece; repeats 'enhanced supervision' prospect

EU Commissioner Pierre Moscovici reiterated this week, in an interview published by Politico, that Eurozone finance ministers should find a ... read more

 Naftemporiki59 minutes ago
Readjusted objective tax criteria for property in Greece cited in Commission's positive compliance report

Readjusted objective tax criteria for real estate are on the agenda in Greece for 2019 and 2020, with the aim ... read more

 Naftemporiki1 hour ago
Greek utility PPC refinances 1.37 bln euro debt at lower interest

Greece's Public Power Corp. (PPC) agreed with Greek banks to refinance an outstanding syndicated bond of 1.2 billion euros with a new five-year credit facility, the utility said on Thursday.... read more

 Ekathimerini2 hours ago
Despite acrimony over 'name issue', former Yugoslav state on Greece's north a magnet for investment, trade

The land-locked country to Greece's north, recognized by Athens since the early 1990s as the former Yugoslav Republic of Macedonia ... read more

 Naftemporiki2 hours ago
UAE's Mubadala, Amerra Capital to buy stakes in Greek fish farming firms

Mubadala Investment Company and Amerra Capital Management LLC will acquire majority stakes in two Greek fish farming companies, the buyers said in a joint statement on Thursday.... read more

 Ekathimerini2 hours ago
Athens’ New Maker Space - Free for Students of All Ages to Explore (Video)

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 Greek Reporter4 hours ago
Deal signed for acquisition of Nireus and Selonda

After a lengthy delay, the Andromeda aquaculture group, Amerra fund and Mubadala investment firm on Wednesday signed the agreement for the acquisition of Greek fish farming companies Nireus and Selonda.... read more

 Ekathimerini14 hours ago
GDP is low, but food prices are high

Greeks may be among the poorest citizens in the European Union, but that does not mean low prices for basic products and services in this country.... read more

 Ekathimerini14 hours ago
Probe into Folli Follie will be ready by August 10

Ernst & Young expects its inspection into the finances of troubled jewelry group Folli Follie to be completed by August 10, according to EY Greece Chief Executive Panagiotis Papazoglou.... read more

 Ekathimerini14 hours ago
Brussels contains gov't plans for handouts

The European Commission's compliance report on Greece is scuppering government plans to make handouts out of excessive primary surpluses.... read more

 Ekathimerini14 hours ago
ATHEX: Stock market session with a sting in tail

The Athens bourse spent almost the entire session on Wednesday showing benchmark and blue-chip gains, only for sellers to reverse the trend in the closing auctions, wiping out the advances.... read more

 Ekathimerini14 hours ago
Athens properties woo investors

Athens is evolving into an international destination for small and medium-sized property investors, focusing mainly on homes, thanks to low sale prices and the prospect of immediate returns through short-term leasing on Internet platforms.... read more

 Ekathimerini16 hours ago
Travelbook.de releases its "Top 10" Greek beaches list for 2018

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 Naftemporiki16 hours ago
Commission: 88 'prior actions' fulfilled by Greek side; 'green light' for 4th review

The European Commission on Wednesday announced that the Greek government has fulfilled all 88 "prior actions" needed for concluding the fourth review of the ongoing bailout program, a day before a crucial Eurogroup meeting on Thursday, where the Gree... read more

 Naftemporiki16 hours ago
Commission: Greece completed all prior actions of fourth program review

Greece has completed all the pending prior actions required to conclude the fourth program review, which opens the way for the disbursement of the country's last loan tranche, the European Commission said in its compliance report on Wednesday.... read more

 Ekathimerini16 hours ago
Data of Greek Assets Abroad in Hands of Authorities

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 Greek Reporter17 hours ago
Greek current account deficit increased in April

Greece's current account deficit widened in April compared to the same month a year earlier on the back of a larger trade gap and a smaller services balance surplus, the Bank of Greece said on Wednesday.... read more

 Ekathimerini17 hours ago
More Greek debtors to benefit from repayment plan

The 120-installment payment plan for self-employed professionals and businesses with debts to the state and social security funds has been extended from arrears of up to 50,000 euros to 125,000 euros.... read more

 Ekathimerini17 hours ago
Piraeus Bank to market M&G mutual funds in Greece

Piraeus Bank signed a distribution deal with asset manager M&G Investments to market its mutual funds, Greece's largest lender by assets said on Wednesday.... read more

 Ekathimerini17 hours ago
Junior coalition partner, DM, says he'll ask for extended majority 'when and if' fYRoM deal comes to Parliament

Defense Minister Panos Kammenos, the head of the small right-wing party that props up the current government, on Wednesday continued ... read more

 Naftemporiki18 hours ago
40% of Greek Expats 'Not Coming Back'

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 Greek Reporter18 hours ago
Greece to be Subject to Strict Post-Bailout Surveillance

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 Greek Reporter18 hours ago
Separate tenders, different models for Cretan highway

The Infrastructure Ministry is starting a reconstruction project for most of the highway connecting northern Crete with two separate tenders and two different concession models.... read more

 Ekathimerini21 hours ago
Greece Joins Club of Poorest EU Nations (graph)

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 Greek Reporter23 hours ago
Press report: Text for 'enhanced supervision' of Greece by creditors set for Eurogroup approval

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 NaftemporikiYesterday
Greece's balance of payment deficit widens in April 2018

Greece's balance of payments April 2018 showed a deficit of 1.3 billion euros, increasing by 838 million euros compared to ... read more

 NaftemporikiYesterday
Junior coalition partner in govt continues to struggle with fYRoM 'name issue' dilemma

Members of the small right-wing junior coalition partner in the otherwise leftist Greek government continued to walk a "political tightrope" ... read more

 NaftemporikiYesterday
Study: Lack of meritocracy, corruption primary reasons behind Greek 'brain drain'

A perceived lack of meritocracy and corruption are the two primary factors fueling "brain drain" in Greece, according to the ... read more

 NaftemporikiYesterday
HB on Eurogroup: Greek FinMin may be disappointed

Handelsblatt's report this week on Thursday's Eurogroup - where the post-bailout future of the Greek program dominates the agenda - ... read more

 NaftemporikiYesterday
State Dept. spokeswoman on furlough for 17N inmate: 'Terrorists should not get a vacation from jail'

A US State Department spokeswoman on Tuesday reiterated Washington's stern opposition to any type of leniency for one of Greece's ... read more

 NaftemporikiYesterday
DMs of Greece, Israel and Cyprus to meet on Friday in Larnaca

The defense ministers of Greece, Israel and Cyprus will meet on Friday at the island republic's Joint Rescue Coordination Center ... read more

 NaftemporikiYesterday
Greek hotel rooms can’t meet demand from tourists

Tourists hoping to swim in Greece's seas, stroll around the cobbled streets of the Cycladic islands or explore the lush landscapes of the Ionian will need to book this summer for the next.... read more

 EkathimeriniYesterday
Document stipulates strict post-bailout framework

A document setting out Greece's post-bailout commitments seen by Kathimerini stipulates that the country will be obliged to meet strict fiscal targets and continue implementing economic reforms that were agreed during the bailout years.... read more

 EkathimeriniYesterday
Indian president Kovind in Athens: Target for 2019 is one billion USD in bilateral trade

Indian President Ram Nath Kovind expressed an optimistic view that bilateral trade between his country and Greece can exceed one ... read more

 NaftemporikiYesterday
SEV raises serious issues with gov’t strategy

The government's growth strategy has certain weak points, according to the Hellenic Federation of Enterprises (SEV), which, however, sees some progress from previous such blueprints.... read more

 EkathimeriniYesterday
Undeclared labor in 2017 at 14.6 percent

Undeclared labor is estimated to have reached 14.6 percent last year, according to data from the Labor Inspection Squad.... read more

 EkathimeriniYesterday
ATHEX: Index slides on thin trading

The Greek stock market tried to distinguish itself from its European peers, concerned about a trade war across the Atlantic, but eventually ended Tuesday with losses for the majority of its stocks. while traders are still keeping an eye on Thursday's... read more

 EkathimeriniYesterday
Per capita GDP slides further away from EU

Greece's per capita gross domestic product last year came to just 67 percent of the European Union average, according to Eurostat's provisional estimates, shedding one percentage point from 2016.... read more

 EkathimeriniYesterday
Greek Actors Voice Characters of Ancient Greece in Assassin’s Creed Odyssey

... read more

 Greek ReporterYesterday
Greece intends to increase cooperation with China

Parliament Speaker Nikos Voutsis met on Tuesday in Beijing with China's top legislator Li Zhanshu and Vice President Wang Qishan at the start of an official visit to the country.... read more

 EkathimeriniYesterday
Tariff exemption for Corinth Pipeworks delivery?

Major US energy companies including Plains All American Pipeline, Hess Corp and Kinder Morgan Inc are among many seeking exemptions from steel-import tariffs as the United States ratchets up trade tensions with exporters including China, Canada and M... read more

 EkathimeriniYesterday
Expelled AN.EL MP claims debt relief, milder austerity promised in exchange for fYRoM 'name solution'

Pressure continues to build on the junior partner in the Greek coalition government, the right-wing Independent Greeks' (AN.EL) party, in ... read more

 NaftemporikiYesterday
'Vital Week' for Greek Economy Lies Ahead, Says EU's Moscovici

... read more

 Greek ReporterYesterday
Airbus A380 makes first landing in Athens on Fri.; Emirates inaugurates Dubai route

The first landing by an Airbus A380 at the Eleftherios Venizelos International Airport of Athens took place on Friday, inaugurating ... read more

 NaftemporikiYesterday
Name Deal Must Protect Greece's Macedonian Brands, Says Business Leader

... read more

 Greek ReporterYesterday
Navios Maritime Containers eyes Nasdaq listing; purchase of 9 container ships

Greece-based Navios Maritime Containers is reportedly "setting sail" for a listing on the Nasdaq stock exchange, while at the same ... read more

 NaftemporikiYesterday