EconomyLoop
where regional business news becomes global to everyone

Greek government, creditors still divided on borrower protection

The government will on Wednesday attempt via another conference call to find common ground with its creditors on a new protection framework for borrowers' primary residences after Tuesday's fruitless effort, with less than a week left until the March... read more

 Ekathimerini59 minutes ago

     
Greece first among EU28 in spending for pension; in last places for health, education

State spending in Greece, as a percentage of GDP, is the sixth highest amongst European Union countries, according to figures ... read more

 Naftemporiki31 minutes ago
RG Challenge19 to help startups get investment-ready

Reload Greece has launched a global call for the submission of applications for its London-based accelerator program, RG Challenge19.... read more

 Ekathimerini31 minutes ago
DEPA's commercial operations go up for sale in April

Greece will invite investors to submit expressions of interest for the commercial operations of its gas utility DEPA on April 8, DEPA's chief executive officer Dimitrios Tzortzis told reporters on Tuesday.... read more

 Ekathimerini31 minutes ago
Masoutis investing 25 mlnin 15 new supermarkets

Northern Greek supermarket chain Masoutis continues to bolster its presence in Athens, that started last year with the acquisition of the small Promitheftiki chain, and is planning to open 10 new supermarkets in the capital this year as part of its 2... read more

 Ekathimerini31 minutes ago
Celestyal gets ready for Posidonia

Niche cruise operator Celestyal Cruises is gearing up to participate in its fifth Posidonia Sea Tourism Forum, where it hopes to further cement its reputation as the world's foremost Greek cruise specialist.... read more

 Ekathimerini54 minutes ago
Requirements for Crete-Attica interconnection rule out Greek firms

Greek companies are de facto excluded from the project for the power interconnection of Crete and Attica, according to the technical standards required by the tenders for the high-voltage direct current (HDVC) converter stations and cables.... read more

 Ekathimerini1 hour ago
Greeks expect more for their taxes, OECD report finds

Eight in 10 Greeks expect more and better services from the state in light of the taxes they pay, the Organization for Economic Cooperation and Development (OECD) said in a report published on Tuesday.... read more

 Ekathimerini4 hours ago
Most Greeks Living Abroad Would Like To Return Home

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 Greek Reporter5 hours ago
NBG expects 400 mln euros for its stake in Pangaea

National Bank expects to collect about 400 million euros from the upcoming sale of a 32.6 percent stake in NBG Pangaea Real Estate Investment Company.... read more

 Ekathimerini5 hours ago
Complaint over PPC charges for CO2

The Hellenic Union of Industrial Consumers of Energy (UNICEN) has sent a second letter of complaint to the Regulatory Authority for Energy (RAE) regarding the carbon dioxide charges by Public Power Corporation in its medium- and high-voltage power ra... read more

 Ekathimerini5 hours ago
Bank employees union cites new collective bargaining agreement for 2019-21 period

The federation representing bank employees in Greece (OTOE) this week announced that it has reached a collective bargaining agreement with ... read more

 Naftemporiki7 hours ago
16 'prior actions' on Athens' 'plate' to fulfill ahead of next Eurogroup

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 Naftemporiki7 hours ago
OECD launches Athens Roadmap for Inclusive Growth in Cities

The Athens Roadmap for Inclusive Growth in Cities was launched on Monday in the Greek capital, which is hosting the fourth meeting of the Organization for Economic Cooperation and Development's (OECD) Champion Mayors for Inclusive Growth Initiative.... read more

 Ekathimerini8 hours ago
Tax authority circular on trade, transactions with North Macedonia; license plates, passports to feature 'NM', 'NMK'

Greece's independent public assets authority (AADE) on Monday issued an urgent circular towards all state-affiliated entities in the country, detailing ... read more

 Naftemporiki9 hours ago
Greek PM Tsipras rules out Europarliament, general elections together

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 Naftemporiki19 hours ago
Four suitors express interest in Thriasio II hub

Four suitors have expressed an interest in the Thriasio II project, a 1.45-sq-kilometer rail-linked logistics and transit hub in the ... read more

 Naftemporiki20 hours ago
Yield on Greek five-year bond drops to record low

The yield on the five-year bond dropped to historic lows on Monday, while the new 10-year note also recorded a significant improvement, drawing strength from the particularly favorable climate in the eurozone periphery.... read more

 Ekathimerini20 hours ago
Strict customs rules on North Macedonia

The head of the Independent Authority for Public Revenue, Giorgos Pitsilis, has issued clear guidelines to all Greek customs offices over how they should deal with transactions between Greece and North Macedonia from now on.... read more

 Ekathimerini20 hours ago
Four parties express interest in creating a second Thriasio transit center

Cosco-owned Piraeus Europe Asia Rail Logistics (PEARL), Goldair, and the consortiums of Damco and the FDL Group, and Italian-owned Trainose and Sarmed have expressed interest in the concession of the 1.45-square kilometer plot in the Thriasio area by... read more

 Ekathimerini20 hours ago
Greece an EU entry point for counterfeit goods

Greece remains among the top 15 countries in the world where counterfeit goods originate from and are sold in the European Union, according to a report issued by the European Union Intellectual Property Office (EUIPO) and the Organization for Economi... read more

 Ekathimerini20 hours ago
Bank employees unions cites new collective bargaining agreement for 2019-21 period

The federation representing bank employees in Greece (OTOE) this week announced that it has reached a collective bargaining agreement with ... read more

 Naftemporiki21 hours ago
ATHEX: Stocks appear to be running out of steam

The bourse benchmark at Athinon Avenue headed higher for a fifth session in a row on Monday, although it appeared to have run out of steam as it closed some way below its day-high and trading volume left a lot to be desired.... read more

 Ekathimerini21 hours ago
Online applications for rent subsidy reveal numerous instances of tax evasion

A large cache of online applications by would-be beneficiaries of a rent subsidy – one of a handful of welfare ... read more

 Naftemporiki22 hours ago
Russia recognizes North Macedonia under new name

The Kremlin on Monday finally recognized the newly christened Republic of North Macedonia under its new constitutional name, despite previous ... read more

 Naftemporiki23 hours ago
Complaint over PPCcharges for CO2

The Hellenic Union of Industrial Consumers of Energy (UNICEN) has sent a second letter of complaint to the Regulatory Authority for Energy (RAE) regarding the carbon dioxide charges by Public Power Corporation in its medium- and high-voltage power ra... read more

 Ekathimerini23 hours ago
ENISA celebrates 15 years of cybersecurity

The European Agency for Network and Information Security (ENISA), the European Union agency for cybersecurity headquartered at Iraklio in Crete, is celebrating its 15th anniversary on Tuesday.... read more

 Ekathimerini23 hours ago
NBG expects 400 mlneuros for its stake in Pangaea

National Bank expects to collect about 400 million euros from the upcoming sale of a 32.6 percent stake in NBG Pangaea Real Estate Investment Company.... read more

 Ekathimerini23 hours ago
Professional fisherman dies off western Greece after casting his net

An odd but tragic accident was reported over the weekend with a 67-year-old fisherman dying under still undetermined circumstances moments ... read more

 NaftemporikiYesterday
Little hope six months after bailouts

It is just a few days over six months since Greece concluded its exit from the despised memorandums and the economic situation remains essentially unchanged. There is no light at the end of the tunnel.... read more

 EkathimeriniYesterday
Six suitors for PPC lignite plants, including a second firm from China

The five main bidders in the first stage of the previous tender for Public Power Corporation's four lignite plants at Meliti and Megalopoli threw their hats into the ring again on Friday, in addition to another company from China.... read more

 EkathimeriniYesterday
Breathtaking aerial scenes of Mt. Smolikas - Greece's far lesser known second-highest peak

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 NaftemporikiYesterday
Panathinaikos-Olympiacos derby interrupted, finally suspended due to hooligan pitch invasion

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 NaftemporikiYesterday
Out-of-court settlement fails to deliver

The settlement of corporate debts through the out-of-court mechanism is not being used as much for dues to banks as for arranging arrears to the state, according to data seen by Kathimerini.... read more

 EkathimeriniYesterday
Creditors to insist on residence protection system improvement

Just a week before next Monday's decisive Euro Working Group meeting, which will establish whether there is an agreement on the system to replace the existing law – named after the former minister who created it, Louka Katseli – the issue... read more

 EkathimeriniYesterday
Agenda

MONDAY The Organization for Economic Cooperation and Development's (OECD) fourth Meeting of Champion Mayors for Inclusive Growth takes place at Athens City Hall, 63 Athinas, with the participation of European Commissioner for Regional Policy Corina C... read more

 EkathimeriniYesterday
Retirees in the dark about size of pension

Pensioners are having to turn to the Ombudsman and the courts to find out what the correct amount of their monthly payout should be, following delays from the Labor Ministry in issuing the necessary notices specifying the amount due to each pensioner... read more

 EkathimeriniYesterday
Light quakes shakes Ionian isle of Zakynthos

A 4.5 on the Richter scale earthquake shook the Ionian island of Zakynthos just before 14.00 (12.00 GMT) on Sunday.... read more

 Naftemporiki2 days ago
"Food Expo" Exhibition Showcases Greek Gastronomy

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 Greek Reporter2 days ago
Burgeoning 'Athenian Riviera' entails prospect of massive boost for Greek tourism

Two emblematic investments in the so-called "Athens Riviera", the coastline extending roughly from Neo Faliro southeast all the way to ... read more

 Naftemporiki2 days ago
Undesignated funds set to go to civil servants

An amount of 658 million euros in the 2019 budget expenditure has not been designated for any particular purpose, but is likely to cover the retroactive demands of civil servants.... read more

 Ekathimerini3 days ago
BoG Gov. Stournaras details risks, challenges for recovering Greek economy

Bank of Greece (BoG) Gov. Yannis Stournaras stayed "on message" on Friday, saying the country's economic recovery depends on continued ... read more

 Naftemporiki3 days ago
Six contenders in latest tender for two PPC power stations

A total of six consortia and companies, one more than the last international tender, expressed an interest for the purchase ... read more

 Naftemporiki3 days ago
CCHBC eyes evolution into food company

The main priorities the management of the Coca-Cola HBC AG group has set for 2019 are acquisitions of strong local brands (mainly in the categories of bottled water and juice), cooperations with companies active in online commerce (especially in pack... read more

 Ekathimerini3 days ago
Alimos Marina privatization to be settled next month

The fate of Alimos Marina in southern Athens will be determined by the end of April, after state asset utilization fund TAIPED unsealed on Friday the three offers by candidate investors and decided to short-list them all because the distance between ... read more

 Ekathimerini3 days ago
The best February for jobs in years

Private-sector salaried employment increased by 27,840 jobs in February, a month which not only saw a rise in the minimum wage but also the growth of part-time positions compared to full-time work, figures from the Labor Ministry's Ergani hirings dat... read more

 Ekathimerini3 days ago
ATHEX: Main index scores 4 out of 4 this week

The positive mood at the local bourse showed no signs of flagging on Friday and the benchmark rose in line with the rest of the eurozone.... read more

 Ekathimerini3 days ago
PPC receives six expressions of interest in coal-fired power plants

Greece's Public Power Corp (PPC) on Friday received six expressions of interest in three coal-fired power plants it is selling under a post-bailout agreement with its international lenders.... read more

 Ekathimerini3 days ago
Pompeo to attend energy summit in Jerusalem next week

US Secretary of State Mike Pompeo will travel to Israel, Lebanon and Kuwait next week, in a schedule which includes talks with Cypriot and Greek leaders in Jerusalem on energy security in the Mediterranean, the State Department said on Friday.... read more

 Ekathimerini4 days ago
End in sight for Greece's long quest to complete land registry

Greece, the only European country without a proper register of land ownership, is confident it will finally have one in place by 2021 after spending hundreds of millions of euros on a project that began more than 20 years ago.... read more

 Ekathimerini4 days ago