EconomyLoop
where regional business news becomes global to everyone

Handelsblatt: Greece Has Received €256 billion in Loans Since 2010

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 Greek Reporter1 hour ago

     
Christina Onassis: The Short Life of an Unfortunate Heiress

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 Greek Reporter1 hour ago
Top 5 countries in terms of businesses linked with Greek FB users: US, Germany, Cyprus, UK and Italy

Representatives of some 64 percent of Greece-based businesses surveyed in a recent study said sales to buyers outside the country ... read more

 Naftemporiki2 hours ago
Athens court hears petition by Greek state, local lender to declare Skaramangas Shipyard insolvent

A petition by the Greek state and Piraeus Bank to declare the Hellenic Shipyards at Skaramangas insolvent was heard before ... read more

 Naftemporiki2 hours ago
Push to cover arrears to private sector by Greek state slacks off in Oct., after record-setting Sept.

The Greek state’s pace in covering arrears to the private sector slacked off considerably last month, the Bank of Greece ... read more

 Naftemporiki3 hours ago
Fate of 27.4 bln€ in leftover bailout loans for Greece to be decided before Aug.

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 Naftemporiki3 hours ago
Flood-related deaths reach 19

The number of deaths from this past week’s devastating flooding in western Attica prefecture (west of Athens proper) has reached ... read more

 Naftemporiki4 hours ago
Greek Parliament Approves its 2018 Budget, Showing 0.75 pct Rise in Expenditures

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 Greek Reporter7 hours ago
Bank stocks battered on widespread uncertainty

Local banks' stocks came under great pressure over the week, as investors remain nervous about the medium-term future of the country's credit system.... read more

 Ekathimerini12 hours ago
Greece at the Bottom of EU Social Justice Chart

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 Greek ReporterYesterday
Pensioners to return 'social dividend'

Salary workers, retirees on low pensions, property owners and families with three or more children will bear the brunt of the new austerity measures accompanying the 2018 budget, which come to 1.9 billion euros.... read more

 EkathimeriniYesterday
Ermou Street sees store rental rates soar 12.8 pct from 2016

Ermou in the center of Athens has climbed six spots in the global rankings of main streets based on their prime rental value over the course of the last 12 months.... read more

 EkathimeriniYesterday
ATHEX: Weekly stock losses reined in

After the major drop on Thursday, Greek stocks posted a notable recovery on Friday, covering more than half of the previous day's loss, and on increased turnover too.... read more

 EkathimeriniYesterday
Antifa-like group breaches security at Greek defense ministry

Some 20 members of a notorious self-styled anarchist group broke through the front gate of the Greek defense ministry and ... read more

 NaftemporikiYesterday
EU's Court of Auditors issues 11 recommendations to Commission for future bailouts; Greek programs scrutinized

A report by the EU's Court of Auditors (ECA) this week included no less than 10 recommendations to the EU ... read more

 NaftemporikiYesterday
Average tourist in Greece spends 67 euros a day, study finds

The average tourist visiting Greece spends 6.5 nights in the country and 67 euros per day, a new study on visitor spending for the first half of 2017 by the Association of Greek Tourism Enterprises Institute (INSETE) has found.... read more

 EkathimeriniYesterday
Tsipras from Sweden calls for change of Europe's econ model

Leftist Greek Prime Minister Alexis Tsipras on Friday briefly took a break from concentrating on recession-battered and still bailout-dependent Greece ... read more

 NaftemporikiYesterday
Handelsblatt: 256 bln€ in money for Greece since 2010; econ recovery 'deceptive' despite improvements

The German business daily Handelsblatt this week again focused on the Greek economy, pointing to a distinct improvement in certain ... read more

 NaftemporikiYesterday
Greece invites expression of interest for Egnatia concession

Greece's privatization agency on Friday opened a tender procedure for a concession to run Egnatia Odos, a motorway running from west to east in northern Greece.... read more

 EkathimeriniYesterday
Report by EU's Court of Auditors criticises effectiveness of Greek bailout memorandums

A report by the EU's Court of Auditors (ECA) this week noted that the bailout memorandums in Greece led to ... read more

 NaftemporikiYesterday
Parliament's experts criticize government's 'social dividend' plan

The Parliament's Scientific Council on Thursday raised serious objections to the distribution of the so-called "social dividend,” and even to whether the most important clause of the relevant bill adheres to the Constitution.... read more

 EkathimeriniYesterday
Privatization fund announces tender procedure for concession of Egnatia tollway

Greece's privatization fund, the Hellenic Republic Asset Development Fund S.A. (HRADF), on Friday issued an invitation to interested parties to ... read more

 NaftemporikiYesterday
U.S. Ambassador: American Investors Look at Greece Again

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 Greek ReporterYesterday
EU Court Rules Against Greece in 2005 Wiretapping Death

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 Greek Reporter2 days ago
EU Auditors Criticize Handling of Greek Bailout Programmes

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 Greek Reporter2 days ago
Decline of house prices eases in Q3 to 0.6 percent

Residential property prices across Greece are reverting to a more stable course after the acceleration of the decline recorded over the first quarter of the year due to uncertainty over delays in the second bailout review.... read more

 Ekathimerini2 days ago
Bailout programs have only helped ‘to a limited extent’

The three bailout programs applied since 2010 "only helped Greece to recover to a limited extent,” while all of them lacked a growth strategy for the economy, according to a report by the European Court of Auditors (ECA) on the Greek bailouts i... read more

 Ekathimerini2 days ago
UNHCR: 33,600 Refugees in Greece Received Cash Assistance in October

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 Greek Reporter2 days ago
Greek FinMin: Family of 4 with €12,000-18,000 Income is Middle Class

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 Greek Reporter2 days ago
Talks on lignite plants to end this month

Greece and the European Union are expected to wrap up talks on which coal-fired plants the country will put up for sale in line with an EU court ruling this month, Greek Energy Minister Giorgos Stathakis has said.... read more

 Ekathimerini2 days ago
Cyprus casino construction continues

The project for the Republic of Cyprus's first casino resort, which is expected to be Europe's largest, is proceeding smoothly despite the withdrawal of Hard Rock International, the Eastern Mediterranean island's Gaming Commission official said on Th... read more

 Ekathimerini2 days ago
Eurobank’s Q3 profit at 61 million euros

Eurobank's third-quarter net profit came to 61 million compared to 37.3 million in the second quarter as provisions for impaired loans remaining broadly flat, Greece's third-largest lender by assets said on Thursday.... read more

 Ekathimerini2 days ago
Innovation a ‘new chapter’ in French-Greek relations, says ambassador

Organized by French Ambassador in Athens Christophe Chantepy at Technopolis, the second Greek-French Innovation Network Forum was abuzz with optimism about the possibility of fresh synergies between two rapidly evolving ecosystems.... read more

 Ekathimerini2 days ago
ATHEX: Banks fall 8 pct on concerns

The seventh day of losses in the last eight sessions at the Athens bourse was the most dramatic, with banks shedding more than 8 percent and the benchmark only just managing to stay above the 700-point mark on Thursday, as confidence in the Greek eco... read more

 Ekathimerini2 days ago
Prosecutor to probe loans provided to various firms

Banks have received a prosecutor's order to participate in an investigation over possible legal violations in the issue of corporate loans totaling 7.7 billion euros.... read more

 Ekathimerini2 days ago
Greek exports, imports up over first 9-months of 2017; trade deficit at 16.2 bln€

Greece's balance of trade deficit reached 16.2 billion euros in the first nine months of 2017, an increase of 2.6 ... read more

 Naftemporiki2 days ago
High court prosecutor orders probe into controversial defense deal with Saudi Arabia

A relevant prosecutor's office tasked with fighting corruption in the public sector on Thursday announced a preliminary investigation into an ... read more

 Naftemporiki2 days ago
High court prosecutor orders probe into controversial defense deal with Saudi Arabia

A relevant prosecutor's office tasked with fighting corruption in the public sector on Thursday announced a preliminary investigation into an ... read more

 Naftemporiki2 days ago
Five people still missing in flood-ravaged west Attica prefecture

One man reported as missing in Wednesday's devastating flooding in western Attica prefecture (west of Athens proper) has turned up ... read more

 Naftemporiki2 days ago
Greek high court ruling limits scope of tax authorities' probes into past undeclared income

Data on taxpayers' deposits in Greek banks cannot be designated as "supplementary information" in efforts, by authorities, to prove the ... read more

 Naftemporiki2 days ago
EU handling of Greek bailouts only partial success, say EU auditors

The European Union's handling of three bailout programs for Greece during the eurozone's financial crisis had several weaknesses and was only partly successful, European auditors said on Thursday.... read more

 Ekathimerini2 days ago
Creditors demand energy sector liberalization, e-auctions to begin as part of 3rd review of bailout

Creditors' top auditors are set to return to Athens next week in order to resume negotiations with the Greek government ... read more

 Naftemporiki2 days ago
Greek Gov't Offers Bond Swap as an Effort to Leave Financial Dependency

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 Greek Reporter2 days ago
Bond swap already two-thirds covered

The process of swapping 20 bonds stemming from the Greek debt restructuring of 2012, or private sector involvement (PSI), began on Wednesday with the issue of new securities.... read more

 Ekathimerini2 days ago
Statute of limitations covers bank data till 2010

Most of the 65 CDs containing the data of 1.3 million taxpayers that the Hellenic Bank Association had supplied to the monitoring authorities are to be archived, following a decision by the Council of State, as the majority of cases are covered by th... read more

 Ekathimerini2 days ago
Geology prof.: haphazard construction caused deadly flooding west of Athens

A veteran geology professor blamed Wednesday’s deadly flooding in an industrial district west of Athens, north of the Gulf of ... read more

 Naftemporiki3 days ago
Luxury Hotel and Homes Investment on Kea Island to Reach €150 Mln

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 Greek Reporter3 days ago
OPAP says it’s sticking to VLT rollout plan

OPAP, Europe's fifth biggest gaming firm, said on Wednesday it is keeping to plans to have a total of 10,000 video lottery machines (VLTs) rolled out by the end of the year.... read more

 Ekathimerini3 days ago
Greek Minister: Growers Interested in Investing Over €1.5 Bln in Medical Cannabis

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 Greek Reporter3 days ago
Mykonos $5 Million Luxury Villa in $49 Lottery Draw

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 Greek Reporter3 days ago