EconomyLoop
where regional business news becomes global to everyone

News Broadcasts off the air in Greece as Journalists Strike

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 Greek Reporter18 days ago

     
Coca Cola HBC Announces Death of CEO Dimitris Lois

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 Greek Reporter18 days ago
Mitsotakis dismisses Dijsselbloem advise to hold off elections until 2019; 'it’s an internal Greek matter'

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis on Monday took exception to a recent quip by Eurogroup chairman Jeroen ... read more

 Naftemporiki18 days ago
Northern Greece exporters association attends bilateral business forum in Skopje

A stabilizing political situation in the former Yugoslav Republic of Macedonia (fYRoM) in tandem with the pending privatization of the ... read more

 Naftemporiki18 days ago
Stournaras calls for more privatizations, smaller primary surplus

Bank of Greece Governor Yannis Stournaras on Monday proposed a different fiscal policy mix that would reduce the need for primary surpluses and boost growth.... read more

 Ekathimerini18 days ago
Sentiment improves in indices

Greece's Economic Sentiment Index rose last month to its highest point since December 2014, the Foundation for Economic and Industrial Research (IOBE) announced on Monday.... read more

 Ekathimerini18 days ago
Heating oil consumers to pay more this month than a year ago

Households that still rely on heating oil look set to be hit with a rate hike of about 4.3 percent from a year ago when the sale period begins on October 15.... read more

 Ekathimerini18 days ago
Mall investment kept waiting to start construction for a decade

Artume, a subsidiary of US investment giant BlackRock, has been trying to implement a 300-million-euro investment in western Athens for 10 years now, and it is still waiting – illustrating the obstacles investors face in this country.... read more

 Ekathimerini18 days ago
ATHEX: Pressure on banks sends bourse lower

Greek bank stocks came under selling pressure on Monday as the possibility of the need for additional provisions looms large.... read more

 Ekathimerini18 days ago
Draft budget sees revenue gap, new measures

A draft budget for 2018 presented in Parliament on Monday predicted strong growth but also pointed to a significant revenue shortfall this year that is likely to result in nearly 2 billion euros in new austerity measures next year.... read more

 Ekathimerini18 days ago
Greece planning new bond issue next year

Greece is planning new bond issues in 2018, according to the Finance Ministry's draft budget released on Monday, which said they will include an exchange of bonds issued under a previous debt write-down in 2012 with new ones. [Reuters]... read more

 Ekathimerini19 days ago
Greek Gov't Sees Higher Primary Surplus in 2018

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 Greek Reporter19 days ago
Athenians warming to natural gas

Athenians are turning to natural gas in response to the the high cost of heating oil, as data released by the Attica Gas Corporation showed that 17,500 households chose to join the gas network in the capital in the first nine months of the year, beat... read more

 Ekathimerini19 days ago
Space Exploration Expert Stamatis Krimizis Awarded Theodore Von Karman Prize

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 Greek Reporter19 days ago
Piraeus Bank, EIB, EBDR, Sign €700 Million Investment Deal for Small Greek Businesses

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 Greek Reporter19 days ago
Greek Manufacturing Growth at Fastest Pace in 9 Years

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 Greek Reporter19 days ago
Greek econ sentiment up in Sept.

Greek economic sentiment climbed to 100.6 points in September, up from 99 points in August 2017 and 98.2 points in ... read more

 Naftemporiki19 days ago
Draft budget eyes 3.57% primary budget surplus for 2018

A first copy of a draft budget for 2018 includes a forecast for a primary budget surplus in 2018 reaching ... read more

 Naftemporiki19 days ago
Reforestation decision for Helleniko overruled; two groups immediately file lawsuit to block ruling

Two environmental groups have filed a motion with the Council of State (CoS), Greece’s highest administrative court, in a bid ... read more

 Naftemporiki19 days ago
Juncker: Schaeuble stood up for Greek interests at crucial moment

Jean-Claude Juncker on Monday punched a hole in a widely held belief – especially in bailout-dependent Greece – that outgoing ... read more

 Naftemporiki19 days ago
Greece targets faster growth, bigger primary surplus in 2018 draft budget

Greece expects economic recovery to gain pace next year when it aims to exit its bailout, the government's draft budget showed on Monday, projecting that stronger growth will help it attain a bigger primary surplus and reduce unemployment.... read more

 Ekathimerini19 days ago
Schaeuble, Greece and the Sisyphean task

There was no celebratory mood in Athens as the news filtered through last week that Wolfgang Schaeuble is set to move aside as finance minister after eight years in the job.... read more

 Ekathimerini19 days ago
IMF-ECB compromise over Greek banks opens way for first sale of NPL portfolios by domestic lenders

Last week's apparent compromise between the IMF and European Central Bank (ECB) over the scope and date for assessing Greek ... read more

 Naftemporiki19 days ago
Athens airport concession contract extended by 20 years

A 20-year lease extension for the Athens International Airport (AIA) was signed late last week between the consortium managing Greece's ... read more

 Naftemporiki19 days ago
Greek Budget for 2018 Foresees Growth of 2.4%, Primary Surplus of 3.5%

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 Greek Reporter19 days ago
Listed companies post bullish results in in H1 2017 despite falling banking stocks

First half 2017 results posted by listed companies on the Athens Stock Exchange (ASE) point to a return to higher ... read more

 Naftemporiki19 days ago
Abducted businessman located, freed on Crete after six months of captivity

A businessman on the island of Crete was freed by police on Sunday after six months of captivity.... read more

 Naftemporiki19 days ago
Israeli-Greek Sabby Mionis Sues HSBC and Falciani Over 'Lagarde List'

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 Greek Reporter19 days ago
Draft budget to forecast 2.4 pct growth in 2018

The government will table the first draft of the 2018 budget on Monday, projecting that gross domestic product will grow 2.4 percent and the 2017 primary surplus will beat its target by 0.3 percent of GDP, reaching 2.2 percent against 1.9 percent.... read more

 Ekathimerini20 days ago
Technical Chamber proposes a Digital Map to beat bureaucracy

TEE and its head, Giorgos Stasinos, are effectively proposing an integrated, legally protected and modern solution for the creation of a single Digital Map of the country that would be accessible to the public administration and all citizens. It woul... read more

 Ekathimerini20 days ago
Tax system changes about twice a month

Greece's tax system swallows up investments like quicksand, in constant flux, while at the same time burdening companies with huge rates.... read more

 Ekathimerini20 days ago
Agenda

MONDAY The Foundation for Economic and Industrial Research (IOBE) presents the September findings of its Business and Consumer Surveys.... read more

 Ekathimerini20 days ago
Eurogroup Chief Recommends Elections to be Held in 2019

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 Greek Reporter20 days ago
Greek FinMin Tsakalotos: The Third Review will Conclude on Time

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 Greek Reporter20 days ago
Stournaras urges bank loan sales, auctions

With the International Monetary Fund backing down from its demand for an asset quality review (AQR), Bank of Greece Governor Yannis Stournaras is urging banks to accelerate efforts to reorganize their portfolios through the sale of loans, auctions an... read more

 Ekathimerini20 days ago
Grimaldi group top executive: We want HSW, otherwise minority stake should be bought off

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 Naftemporiki21 days ago
Greek FinMin says he doesn't believe more austerity measures will be needed in 2018

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 Naftemporiki21 days ago
Spectacular Underwater Video of the Agia Zoni II Wreck in Saronic Gulf

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 Greek Reporter21 days ago
Split within SYRIZA over Hellinikon Investment Widens

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 Greek Reporter21 days ago
Bank Deposits Rose by About one Billion Euros in September

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 Greek Reporter21 days ago
Alpha Bank: Tourism, small-scale manufacturing exports leading econ recovery in Greece

Alpha Bank's weekly economic bulletin this week points to tourism and exports of small-scale manufacturing goods as the biggest positive ... read more

 Naftemporiki21 days ago
Retail turnover up in July, yoy and compared to previous month

An increase of 1.6 percent was reported by Greece's statistics authority (EL.STAT) in the retail turnover index for July 2017, ... read more

 Naftemporiki21 days ago
Athens Stock Exchange (ASE) gains 6.5 bln€ in capitalization since start of 2017

A year-long rally at the Athens Stock Exchange (ASE) over the first nine months of 2017 has improved the bourse's ... read more

 Naftemporiki21 days ago
Major EFKA debtors to be named and shamed

The Social Security Debt Collection Center (KEAO) will publish the names of 18,146 debtors with dues that exceed 15,000 euros each to the Single Social Security Entity (EFKA) this winter unless they pay up or make arrangements to settle their debts b... read more

 Ekathimerini21 days ago
Fraport Geece downplays recent press report, says any contractual disputes do not threaten implementation

The concessionaire that now manages 14 regional airports around Greece - including the best-known tourism destinations - on Friday downplayed ... read more

 Naftemporiki21 days ago
Economic freedom diminishes in Greece

Greece has dropped 27 places in the latest Economic Freedom of the World report compiled by the Fraser Institute think tank in Canada, falling to 116th among 159 countries, just days after learning it had also sunk on the World Economic Forum's Globa... read more

 Ekathimerini22 days ago
Gov’t says Fraport will be paid for proven problems in airports

Deputy Economy Minister Stergios Pitsiorlas conceded on Friday that the government is in the process of examining a list of problems that Fraport Greece identified and resolved at the 14 regional airports it took control of in spring, adding that if ... read more

 Ekathimerini22 days ago
Greek Federation of Enterprises Urges for New Investment Policy Mix

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 Greek Reporter22 days ago
Greece Drops 27 Places in "Economic Freedom" 2017 Report

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 Greek Reporter22 days ago
ATHEX: Bank stocks fall 22 pct in September

The Greek bourse's main index fell 8.46 percent over the month of September while the banks index dropped 22.4 percent.... read more

 Ekathimerini22 days ago