EconomyLoop
where regional business news becomes global to everyone

Athens hopeful for Eurogroup decisions despite problems

Eurozone finance ministers are to meet in Brussels on Monday to assess Greece's progress in enforcing economic reforms, decide whether to disburse 6.7 billion euros in bailout loans and, Athens hopes, signal talks on debt relief.... read more

 Ekathimerini19 hours ago

     
Athens hopeful for Eurogroup despite problems

Eurozone finance ministers are to meet in Brussels on Monday to assess Greece's progress in enforcing economic reforms, decide whether to disburse 6.7 billion euros in bailout loans and, Athens hopes, signal talks on debt relief.... read more

 Ekathimerini19 hours ago
S&P Raises Greece Rating to "B" Due to Improved Growth

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 Greek Reporter20 hours ago
NBG frees itself from ELA dependence

National Bank of Greece has brought its dependence on the central bank's emergency liquidity assistance (ELA) mechanism down to zero.... read more

 EkathimeriniYesterday
Reports: S&P to raise Greece sovereign credit rating to B from B-

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 NaftemporikiYesterday
Tsipras promises future tax breaks; avoids 'clear exit' quip for post-bailout era

Greek Prime Minister Alexis Tsipras took the stage before an overwhelmingly partisan audience on Friday evening to promise changes in ... read more

 NaftemporikiYesterday
Reports: S&P to raise Greece sovereign credit rating to B from B-

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 NaftemporikiYesterday
Thessaloniki metro extensions to cost between 1.2 to 1.3 bln€: Minister

Two westwards extensions on the under-construction metro line in the northern city of Thessaloniki, along with an above-ground portion to ... read more

 NaftemporikiYesterday
Cyta says Vodafone the preferred bidder for its Greece subsidiary

Cyprus-based Cyta on Friday announced that Vodafone is its preferred bidder for the purchase of its Greek subsidiary, Cyta Hellas, ... read more

 NaftemporikiYesterday
Commission: Significant decrease in NPLs in EU over 2017; Greece the exception

The number of non-performing loans (NPLs) in the European Union fell significantly in 2017, with one exception in terms of ... read more

 NaftemporikiYesterday
April deadline for state companies to submit their strategic plans

The Hellenic Corporation of Assets and Participations (EESYP) will demand that the 15 state corporations which have just passed under its control submit their business plans by April, while it is preparing to complete the first stage of assessing the... read more

 EkathimeriniYesterday
Vodafone wins tender for the acquisition of Cyta Hellas

Vodafone is the preferred bidder for the sale of 100 percent of Cyta Hellas, parent company Cyprus Telecommunications Authority announced on Friday.... read more

 EkathimeriniYesterday
Houliarakis issues ‘fiscal lapse’ warning to government

Alternate Finance Minister Giorgos Houliarakis warned late Thursday of the risk of the country slipping back into its "old habits” of fiscal relaxation after the completion of the bailout program and ahead of elections.... read more

 EkathimeriniYesterday
EWG gives nod on review completion

The Euro Working Group gave the green light on Friday for the completion of the third bailout review in principle, but property auctions are still causing concern as they are seen as crucial to determining the course of Greek banks and whether or not... read more

 EkathimeriniYesterday
ATHEX: Stock market benchmark rises at end of losing week

Buyers made a comeback at the Greek stock market on Friday, as they took the benchmark more than 1 percent higher while turnover surged above 150 million euros.... read more

 EkathimeriniYesterday
Potential seen for major ATHEX growth

Greek sovereign bonds have made a spectacular comeback these last two years, with yields falling from over 10 percent to below 4 percent as the country prepares to exit its bailout program and finance itself on the markets.... read more

 EkathimeriniYesterday
Aegean Bunkering leaves Singapore

Aegean Bunkering Pte Ltd on Friday said it had left the world's largest marine fuels market in Singapore this week after handing back its supply and craft operator licenses.... read more

 EkathimeriniYesterday
Lagarde: No clear finish line in terms of Greek reforms

IMF Managing Director Christine Lagarde on Thursday expressed a hope that still bailout-dependent Greece is now better protected in order ... read more

 NaftemporikiYesterday
Greece Announces University Wi-Fi Plan

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 Greek ReporterYesterday
Tsipras-Stoltenberg phone contact; Greek PM welcomes NATO chief's comments in Skopje

Greek Prime Minister Alexis Tsipras on Friday spoke by phone with NATO Secretary General Jens Stoltenberg, as the latter briefed ... read more

 NaftemporikiYesterday
National Bank of Greece Ends Need for European Aid

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 Greek ReporterYesterday
EWG voices its approval for the completion of the third review

Friday's Euro Working Group gave its nod in a conference call for the in-principle completion of the third bailout review.... read more

 EkathimeriniYesterday
EU: Greece has Almost Half of Eurozone's Bad Loans

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 Greek ReporterYesterday
Zaev confirms meeting with Tsipras on Jan. 24 in Davos

The prime minister of the former Yugoslav Republic of Macedonia (fYRoM), Zoran Zaev, on Friday confirmed a Jan. 24 meeting ... read more

 NaftemporikiYesterday
Bank of Greece Issues Warning on Bad Loans

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 Greek ReporterYesterday
Greek Engineer Helping Concorde Return to the Skies

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 Greek ReporterYesterday
Greek credit contracts 1.6 pct y/y in November

Total credit in Greece's banking system contracted 1.6 percent year-on-year in November after a 1.5 percent decline in the previous month, Bank of Greece data showed on Friday.... read more

 EkathimeriniYesterday
Alt. FinMin: Bailouts necessary, otherwise fiscal adjustment would have been 'more violent', Grexit assured

Greece's alternate finance minister on Thursday evening sent a direct message mostly aimed at his own leftist-rightist coalition government, warning ... read more

 Naftemporiki2 days ago
Varoufakis to Tsipras when told about primary budget surplus goal: 'Are you utterly stupid?'

Controversial former Greek finance minister Yanis Varoufakis on Friday again lashed out at his former comrades in the first Tsipras ... read more

 Naftemporiki2 days ago
Greek Government Cash Balance Shows 4.4-bln-Euro Deficit in 2017

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 Greek Reporter2 days ago
Piraeus Bank completes sale of 0.2 bln€ portfolio of Romanian-originated loans to Kruk Group

Piraeus Bank SA, in conjunction with Piraeus Bank Romania, on Thursday announced that it has completed the sale of a ... read more

 Naftemporiki2 days ago
Central Government Cash Balance Shows 4.4-bln-Euro Deficit in 2017

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 Greek Reporter2 days ago
Maillis to shut down plants in Alexandroupoli and Italy

Manufacturing group Maillis on Thursday announced the closure of its plants at Alexandroupoli and in Italy, resulting in the loss of almost 100 jobs.... read more

 Ekathimerini2 days ago
IMF Insists on Greece Debt Relief Measures

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 Greek Reporter2 days ago
ESEE wants reforms to be abolished

The Hellenic Confederation of Commerce and Enterprises (ESEE) is calling for a return to the regulations of the 1990s, with a tight set of rules restricting business hours, the operation of shopping centers and the opening of discount outlets.... read more

 Ekathimerini2 days ago
Prices of homes continued to slide in Q3

Greece and Italy are the only housing markets in the European Union to show a continued decline in prices in the third quarter of last year, according to figures issued on Thursday by Eurostat.... read more

 Ekathimerini2 days ago
NPL volume forces loans interest higher

Greece endured a significant increase in the cost of borrowing in 2017 even though interest rates in Europe are at a historic low.... read more

 Ekathimerini2 days ago
Signs point to IMF staying on in the Greek program

The majority of analysts expect that the International Monetary Fund will remain in the Greek program, as the time approaches when the fund's Board of Governors will reach a definitive decision on the matter in February.... read more

 Ekathimerini2 days ago
ATHEX: Sellers keep upper hand

The Greek bourse's benchmark declined for a second day in a row on Thursday as sellers retained the upper hand after Wednesday's notable drop, but attention also shifted to mid-caps, which showed a mixed picture with their index posting moderate gain... read more

 Ekathimerini2 days ago
Possibility of Tsipras-Zaev meeting in Davos; Greek PM briefs top Church leader over 'name issue'

Resumed UN-mediated talks, contacts and widespread media speculation across two continents were on the menu this week, in line with ... read more

 Naftemporiki2 days ago
Typhoon-strength winds sweep through Greece on Thur.

Typhoon-strength winds swept across Greece in the early morning hours of Thursday and sporadically during the rest of the day, with the strongest wind gust measuring 132 kilometers an hour, a reading recorded in eastern Crete (Finokalia site, Lasithi... read more

 Naftemporiki2 days ago
Half of the NPLs in the eurozone are in Greece

There are fewer bad loans on the balance sheets of European banks but they remain high, the European Commission said on Thursday as it prepares to push through measures to force higher provisioning for soured debt despite the opposition of big lender... read more

 Ekathimerini2 days ago
Eurobank buys shares worth 950 mln back from gov't

Eurobank, Greece's third-largest lender, said on Thursday it had bought back preference shares worth about 950 million euros from the government.... read more

 Ekathimerini2 days ago
Compliance report due Friday ahead of Monday’s Eurogroup

Eurozone finance ministers could decide on Monday, or soon afterward, to release the next tranche of bailout loans to Greece after the country pushed through a batch of laws to meet reform agreements with its creditors, a senior European Union offici... read more

 Ekathimerini2 days ago
EU Source: Greek Bailout Exit in Sight

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 Greek Reporter2 days ago
Cryptocurrency Gene eyes global parking market

The Greek answer to Bitcoin is Gene, created by the ParkGene company, and is trading on the online market with relative success.... read more

 Ekathimerini2 days ago
IMF: Still time for a deal with European creditors over Greek debt relief

The IMF on Thursday said there was still room for a deal with European institutions to extend further debt relief ... read more

 Naftemporiki2 days ago
Audits on mere 4.7% of Lagarde, Borjans and wire transfer lists shows 742 mln€ in unpaid taxes, fines

Greek tax authorities have confirmed unpaid taxes and corresponding fines of up to 742 million euros from audits conducted on ... read more

 Naftemporiki2 days ago
Most Greek CEOs Want Creditors to Scrutinize Government

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 Greek Reporter2 days ago
Expression of interest invitation for marina on Chios extended by privatization agency

Greece's privatization fund (HRADF) on Thursday announced that an invitation to submit an expression of interest was issued in relation ... read more

 Naftemporiki2 days ago