ENGLISH EDITION

ENGLISH EDITION

Greek Fin Min Staikouras steps in on Hercules bad loan plan

Greece's Finance Minister Christos Staikouras is scheduled to meet on Thursday afternoon with the heads of the country's banks to discuss the Hercules bad loan plan in a bid to secure the highest participation from lenders and reduce the risk of fresh uncertainty hitting the sector. The meeting comes after a report from Business Daily showing that the technical details of the plan submitted by Greece to the European Commission have not been approved by the European Central Bank's Single Supervisory Mechanism (SSM).

02 Οκτ 2019 11:39

ENGLISH EDITION

Pyatt: Need to break Russia's gas monopoly in the Balkans

Greece's role in energy developments in the region and in the European Union is one of the topics to be discussed during US Secretary of State Mike Pompeo's October 5 visit to Athens US Ambassador Geoffrey Pyatt said while he stressed the need to break Russia's gas monopoly in the Balkans and emphasized Greece's constructive role in importing US Liquefied Natural Gas (LNG) at Revithousa and exporting it to neighboring Bulgaria.

01 Οκτ 2019 22:24

ENGLISH EDITION

Greek hotel losses from Thomas Cook collapse est. at 315 mln euros, survey says

The Chamber presented the results of a survey conducted by the Research Institute for Tourism (ITEP) in the period September 24-27 on hotels cooperating with Thomas Cook. The survey showed from a total of 9,917 hotels operating in the country, 1,193 were cooperating with Thomas Cook Group, or 12 pct of hotel capacity, with 48 pct of them ranking in the 1-, 2- and 3-star hotel categories.

01 Οκτ 2019 18:18

ENGLISH EDITION

Investments in student housing in Greece to rise as rents soar

Investments in student accommodation are set to increase in Greece in coming years in areas where supply falls short of demand, such as the cities of Patras and Heraklion (Crete).

01 Οκτ 2019 07:57

ENGLISH EDITION

Staikouras: Healthy public finances and a full return to normality the government's aim

Greece needs healthy public finances and to fully return to normality, Finance Minister Christos Staikouras said at the 6th annual economic conference of the Hellenic Association of Entrepreneurs (EENE) on Monday.

30 Σεπ 2019 18:41

ENGLISH EDITION

Greece's Hercules bad loans plan at serious risk

Greek banks are closely watching developments regarding the plan that has been prepared by Deputy Finance Minister George Zavvos. It is seen getting the green light from the European Commission but will not be able to be implemented due to many technical difficulties.

30 Σεπ 2019 07:50

ENGLISH EDITION

Jim Allen (Hard Rock): Our plan for Hellenikon is unlike anything we've seen in Europe

The stunning job opportunities created by the Hellenikon project, with an emphasis on domestic human resources, as well as several parameters that define his company’s investment, were laid out by Jim Allen, CEO of Hard Rock International.

29 Σεπ 2019 19:52

ENGLISH EDITION

Ministries announce support measures for Thomas Cook affiliate businesses in Greece

The government's measures for the support of workers and businesses in Greece's tourism industry affected by the bankruptcy of industry giant Thomas Cook were announced on Saturday.

28 Σεπ 2019 23:09

ENGLISH EDITION

Hellenic Petroleum raises 500 million euros from five-year bond issue

Hellenic Petroleum (HELPE) on Friday announced the successful completion of a five-year bond issue, with an annual fixed coupon of 2.0 pct while the issue was five times oversubscribed.

28 Σεπ 2019 13:28

ENGLISH EDITION

K. Mitsotakis: SYRIZA proposal for expatriates' vote is unconstitutional

SYRIZA's proposal for expatriate voting rights is unconstitutional but also deeply insulting, Prime Minister Kyriakos Mitsotakis said following a meeting with Archbishop Elpidophoros.

27 Σεπ 2019 12:16

ENGLISH EDITION

Rent costs soar in Athens, show double-digit growth

Signs of the housing rental market overheating in central Athens are growing as rents show double-digit growth, while selling prices advance at an even faster pace, exceeding 1,500 euros per square meter.

27 Σεπ 2019 08:02

ENGLISH EDITION

Greece's Hercules plan for bad loans falls short of the mark

A proposal put together by Greece to slash billions of euros of bad loans held by banks, dubbed the Hercules plan, is not enough to adequately deal with the problems faced by the country's financial system.

26 Σεπ 2019 11:42