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Monday, October 28, 2024

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GreeceBusiness

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Greece successfully auctions 10-year and 15-year bonds

An auction of 10-year and 15-year bonds by the Public Debt Management Authority on Wednesday attracted strong investment interest. The Greek state raised 400...

US DFC to offer loan of 125 million dollars to Elefsis Shipyards

The US International Development Finance Corporation's (DFC) participation in Elefsis Shipyards is currently at 125 million US dollars, Development and Investments Minister Adonis Georgiadis...

BoG governor: Next gov’t needs to improve economy’s competitive ability, return to primary surpluses

The next government's primary obligation is to improve competitive ability and productivity of the economy, and to return to primary surpluses, Bank of Greece...

Greece submits request for new disbursement from EU’s Recovery Fund, worth 1.72 bln euros

Greece submitted a third request to the European Commission for disbursement of funds from the Recovery and Resilience Fund (RRF) on Tuesday, worth 1.72...

A new type of consumer is emerging, EBEA head says

"The consumer and not the product is now at the center of commercial strategy," Ken Hughes, an expert on matters of consumer behaviour and...

Greek budget showed 2.434 billion euros primary surplus in Jan-April

The Greek state budget recorded a primary surplus of 2.434 billion euros in the January-April period, up from a budget target for a surplus...

Greek Stability Programme underscores strong improvement in public finances, Fitch says

Greece’s 2023 Stability Programme highlights the strong improvement in public finances and outlines a substantial further reduction in debt, Fitch Ratings said in a...

Greek banking sector in better place now, but BoG sees heightened risks to financial stability

The persistence of inflationary pressures and geopolitical tensions, the risk of a sharp repricing of assets in international money and capital markets, as well...

Titan Group says EBITDA up 131% in Q1

Titan Group reported a 29.3% increase in its first quarter sales totaling 588.1 million euros, reflecting increased demand in most countries, mild weather conditions...

Not enough fiscal space to allow all pre-election announcements, BoG governor says

Interest rates will continue rising in 2023 and will remain at high levels until 2025 when the European Central Bank is expected to achieve...

Greek annual inflation rate slowed to 3.0% in April

Greek annual inflation rate slowed spectacularly to 3.0% in April, from 4.6% in March and 10.2% in April last year, reflecting almost exclusively a...

ELSTAT releases risk-of-poverty report; Hatzidakis and Staikouras observe marked improvement in figures

The Hellenic Statistical Authority (ELSTAT) on Monday released its 2022 Survey on Income & Living Conditions, about which both Finance Minister Christos Staikouras and...

Works unfolding anew at Elefsina shipyards to restore full capacity docking & bring back ships that sought repairs abroad

The relaunching of works and the productive output of the Elefsina Shipyards, in Attica, "means rather a lot, because after so many years we...

Interest rate spread up in March

The interest rate spread between new deposits and loans increased to 5.50 percentage points in March as the weighted average interest rate on new...

Lamda Development says revenue from property sales in Ellinikon to exceed 500 million euros in 2023

Demand for housing and commercial property in the Ellinikon project has exceeded initial expectations, the CEO of Lamda Development told analysts during the presentation...

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