EconomyLoop
where regional business news becomes global to everyone

Hydrocarbon exploration maps for Ionian and Crete unveiled

The government on Wednesday provided the locations of the three blocks – two off the coast of Crete and one in the Ionian Sea – that will be tendered for hydrocarbon exploration.... read more

 Ekathimerini12 hours ago

     
Greece a key EU gateway for counterfeit goods

Greece represents a key gateway for counterfeit goods, including jewelry, cosmetics and toys, entering the European Union, while the market share of such products compared to the real thing is higher than previously thought.... read more

 Ekathimerini12 hours ago
Berlin clarifies position on ESM in the wake of Bild article

Germany's finance ministry on Wednesday issued a quick clarification after a same-day Bild article claimed that German FinMin Wolfgang Schaeuble ... read more

 Naftemporiki14 hours ago
6K applications so far for out-of-court settlement process

More than 5,000 individuals and businesses with private sector arrears have so far submitted at least a portion of the ... read more

 Naftemporiki16 hours ago
Greek Households Continue Cutbacks on Basic Goods, Electronics, Fuel

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 Greek Reporter19 hours ago
Estonian EU presidency spox: We remember all the victims of totalitarian, authoritarian regimes

A spokesman for Estonia's EU Presidency on Wednesday stepped into the increasingly acrimonious political furor in Greece this week over ... read more

 Naftemporiki19 hours ago
Progress in terms of Greek privatizations by end of year crucial in concluding third bailout review

Privatizations in still bailout-dependent Greece will again come under scrutiny in the coming period, as the leftist-rightist coalition government expects the commencement of negotiations with creditors next month to conclude the third review of the ... read more

 Naftemporiki20 hours ago
Greek-owned shipping cut adrift from local economy

Just 9 percent of international Greek-owned shipping activity takes place at local ports, highlighting – yet again – the minimal dependence of what is often confusingly described as the country's shipping sector on the domestic economy, a... read more

 Ekathimerini22 hours ago
Schaeuble wants to allow eurozone peers to tap ESM for investments, report says

German Finance Minister Wolfgang Schaeuble is working on a proposal that would allow southern eurozone countries to tap into the single currency bloc's bailout fund to boost investments during recessions, a newspaper said on Wednesday.... read more

 Ekathimerini23 hours ago
Fuel flows remain unchecked

The Panhellenic Federation of Fuel Station Owners and Oil Traders (POPEK) has raised the alarm over continuing problems that distort the country's fuel market, insisting that government decisions aimed at tackling smuggling have not been enforced.... read more

 Ekathimerini23 hours ago
Demand for dry-bulkers on the risse

The rise of the Baltic Dry Index on Monday reflects a growing consensus among analysts and investors that dry-bulk cargo shipping is on solid ground.... read more

 Ekathimerini23 hours ago
Snam-led consortium one of six suitors for majority stake in Greek natgas transmission system operator

Italian energy giant Snam is the protagonist in a consortium comprised of four European natgas operators that has submitted a ... read more

 NaftemporikiYesterday
PPC tender in Sept. for consultant to manage customer base, massive arrears portfolio

Greece's state-run dominant power company, listed Public Power Corp. (PPC), is set to hire a consultant next month as part ... read more

 NaftemporikiYesterday
French President Macron to Push Eurozone Reforms from Athens

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 Greek ReporterYesterday
New Democracy Slams Tsipras for his '13 Fake Pledges' in 2016

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 Greek ReporterYesterday
POS rules become stricter for non-compliant businesses

Businesses that are by law required to offer customer the option of paying by debit or credit card will face stiffer treatment for failing to comply following a decision by Deputy Finance Minister Katerina Papanatsiou on Tuesday.... read more

 EkathimeriniYesterday
Container traffic at Piraeus dips in July but outperforms in H1

Container traffic at Greece's biggest port in Piraeus contracted 4.4 percent last month, according to data published by Chinese operator Cosco.... read more

 EkathimeriniYesterday
Predictions for value of corporate bond issues expected to exceed one billion euros in 2017

The value of corporate bond issues under negotiation in Greece's domestic markets is expected to exceed one billion euros by ... read more

 NaftemporikiYesterday
IMF position on third review of Greek bailout still unclear; no confirmation of Lagarde visit to Athens

The IMF's stance in forthcoming negotiations to conclude the third review of the current Greek bailout program - the third ... read more

 NaftemporikiYesterday
Greece trails its peers in tapping conference tourism

Greece is missing out on revenues from business tourism as it lags behind its European peers in developing this market, according to the Association of Professional Greek Conference Organizers.... read more

 EkathimeriniYesterday
The Pundits’ Flaw About Mr. Trump’s Motives

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 NaftemporikiYesterday
Thousands in public sector can claim pension before age of 67

According to certain clauses within existing laws, thousands of public sector workers aged between 58 and 62 will be eligible for their pension before the age of 67.... read more

 EkathimeriniYesterday
Quad-Play Telecom Services are Beginning to Take Off in Greece

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 Greek ReporterYesterday
Athens's coastal facelift starting to take shape

Despite Greece's protracted financial crisis, the capital's southern coast has been undergoing a facelift, albeit a slow one, with an estimated 10 billion euros' worth of works.... read more

 EkathimeriniYesterday
Greek Shipping Company Confirms Tanker Collision with US Warship

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 Greek ReporterYesterday
Ministry looking to develop assets owned by EFKA

In the bid to increase revenues, the Labor Ministry is conducting low-key research into ways of developing real estate belonging to the Single Social Security Entity (EFKA).... read more

 Ekathimerini2 days ago
Supermarket sales drop just 1 pct in H1

Sales at Greek supermarkets dipped 1 percent in the first half of the year, data compiled by the IRI research company have revealed, pointing to the smallest decrease since 2015.... read more

 Ekathimerini2 days ago
Greece eyes global tourism's 'Top 10' after landing in 14th place in 2016

Recession-battered and bailout-dependent Greece has nevertheless attracted up to nine million more tourists – not counting cruise ship arrivals – ... read more

 Naftemporiki2 days ago
Greek Bond Yield Falls After Fitch Upgrade

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 Greek Reporter2 days ago
Greece's Account Surplus Drops in June, But Tourism Revenues are Up

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 Greek Reporter2 days ago
Greek current account surplus shrinks in June, tourism revenues rise

Greece's current account surplus shrank in June compared to the same month a year earlier due to a wider trade gap and a deficit in the primary income balance, the Bank of Greece said on Monday.... read more

 Ekathimerini2 days ago
Greek government bond yields dip after Fitch upgrade

Greek government bond yields dipped early on Monday after Fitch became the second ratings agency to upgrade it to "Single B" status, marking another milestone in the debt-laden state's slow journey away from default territory.... read more

 Ekathimerini2 days ago
Hard transition awaits after summer

The brief summer break for Greece's politicians is coming to an end and ministers will soon be returning to their desks to tackle the large pile of paperwork that awaits in their in-trays.... read more

 Ekathimerini2 days ago
Supermarkets claim provinces

With many Greeks leaving the larger cities for the summer holidays, large supermarket chains have taken their battle for a slice of the market beyond their traditional stomping ground.... read more

 Ekathimerini3 days ago
Basic fixed-line contract heading for extinction

Back in the day we'd just have a simple contract for a landline with the phone company, but today this is fast being replaced by packages comprising multiple communications services.... read more

 Ekathimerini3 days ago
EFKA faced with crash test

The amount of revenue collected over the next four months – until the end of the year – will determine the financial health of the Single Social Security Entity (EFKA), according to analysts... read more

 Ekathimerini3 days ago
Concern brewing among fund managers over Greece's five-year bond issue

The initial enthusiasm of fund managers who participated in Greece's first five-year bond issue after three years on July 25, 2017 is beginning to give way to concern.... read more

 Ekathimerini3 days ago
Greece's leftist justice minister refuses to attend Estonian EU presidency con'f focusing on crimes committed by communist regimes

Greece's leftist justice minister raised eyebrows in the country at the end of the week by declining an invitation to ... read more

 Naftemporiki4 days ago
Greece to Open Tenders for Oil and Gas Explorations

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 Greek Reporter4 days ago
Greece About to Lose the Greek Yogurt Battle

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 Greek Reporter4 days ago
Fitch Upgrades Greece's Rating to B-

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 Greek Reporter4 days ago
Fitch upgrades Greece as political risk eases

Fitch Ratings upgraded Greece's long-term foreign-currency issuer default ratings to B- from CCC, citing reduced political risk and sustained GDP growth.... read more

 Ekathimerini4 days ago
Belgian-Moroccan woman arrested aboard Greece-bound ferry on terrorism-related warrant

A 22-year-old Belgian citizen was arrested late Friday evening at the port of Corfu aboard a passenger ferry on a ... read more

 Naftemporiki4 days ago
High court orders temporary block in nationalized urban bus company's liquidation

A Council of State (CoS) council of justices on Friday ordered a temporary freeze to the ongoing insolvency process for ... read more

 Naftemporiki4 days ago
President Pavlopoulos Brings Back Germany's WWII Reparations Issue

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 Greek Reporter4 days ago
Fitch Upgrades Greece to 'B-' from 'CCC'; Outlook Positive

Fitch Ratings has upgraded Greece's Long-Term Foreign-Currency Issuer Default Ratings (IDR) to 'B-' from 'CCC'. The Outlooks are Positive.... read more

 Naftemporiki5 days ago
Stepped up military activity over eastern Aegean days after bizarre quip by Turkish FM regarding sea borders

Numerous violations of Greek national airspace and infringements of Athens FIR regulations by Turkish warplanes were reported throughout the eastern ... read more

 Naftemporiki5 days ago
Attica Bank plans capital increase of 150-200 million

Attica Bank plans to increase its share capital by 150-200 million euros, according to reports on Thursday. However, a proposal by the bank's management for the appointment of a strategic investor has caused friction within the government.... read more

 Ekathimerini5 days ago
Yacht Engulfed in Flames off Faliro, south of Athens

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 Greek Reporter5 days ago
Lesser known archaeological gem in greater Athen - Amphiareion sanctuary - spared from recent wilfire

The Amphiareion of Oropos, one of the greater Athens area's lesser known archaeological sites, recently re-emerged in the headlines with ... read more

 Naftemporiki5 days ago