Economy Watch |

Gov’t sources: FYROM constitutional amendments ‘observe letter and spirit of Prespes Agreement’
The constitutional amendments in the Skopje parliament by Former Yugoslav Republic of Macedonia (FYROM) Prime Minister Zoran Zaev on Wednesday “observe the letter and spirit of the Prespes Agreement,” [...]

New Democracy leader Mitsotakis writes letter to EU’s Hahn regarding Greek minority property in Albania
New Democracy leader Kyriakos Mitsotakis criticized Albania’s decision to turn over to its Ministry of Tourism Himara property belonging to members of the Greek national minority, in a letter sent on [...]

Foreign investors’ interest in Greece shows change of climate

Economy
First LNG cargo from US to be unloaded at Revythoussa on Dec.29
A cargo of liquified natural gas (LNG) from the United States will be unloaded before the end of the year at the new reservoir on the islet of Revythoussa, between the mainland and Salamina island, which [...]
Economy
Panhellenic Exporters Association: Greek exports up 24 pct in October
«Greek exports made a strong performance early in the fourth quarter of the year, rising by 24 pct in October. A rising trend of Greek exports throughout the year creates optimism over achieving a new [...]
Economy
Insurance corporations assets slightly down in Q3, BoG report says
Insurance corporations total assets stood at 17.042 billion euros in the third quarter of 2018, from 17.071 billion in the previous quarter, the Bank of Greece said on Friday. The central bank, in a report, [...]

Economy
Labour Minister Achtsioglou attends OECD-French gov’t forum in Paris
The current Greek government reduced the undocumented labour rate from 20% to 12% and unemployment from 26.5% to 18.9% in 3.5 years, Greek Labour Minister Efi Achtsioglou said on Tuesday at an OECD-French [...]
Economy
HCAP lists three conditions for attracting investments in state companies
Hellenic Corporation of Assets and Participations S.A. CEO Ms. Rania Ekaterinari, on Tuesday presented three conditions that state-owned companies must meet in order attract investments. Addressing a conference [...]
Economy
Bank of Greece: Loan/deposit interest rate spread down in October
The interest rate spread between loan and deposit rates increased to 4.70 percentage points in October, as the overall weighted average interest rate on new deposits remained almost unchanged, while the [...]

Discussion of 2019 state budget begins at Parliament’s plenary session

Politics
Tsipras to point out the need for more social cohesion, at European Council meeting
Prime Minister Alexis Tsipras will be in Brussels on Thursday and Friday to participate in the European Council meeting which will discuss the next EU Fiscal Framework for the period 2021-2027, the developments [...]
Politics
Foreign Ministry sends condolences to French people, gov’t over Strasbourg attack
The Foreign Ministry expressed its condolences on Wednesday for yesterday’s terrorist attack in Strasbourg which claimed the lives of three people and injured another 13, eight of them seriously. “We [...]

Politics
Pavlopoulos at presentation of series of stamps dedicated to the’150 years of Presidential Guard’
President of Republic Prokopios Pavlopoulos on Wednesday attended a special event held to mark the 150th year anniversary since the foundation of the Presidential Guard, during which there was a presentation [...]
Politics
Communist Party on Albania’s decision regarding Greek minority’s properties
“The Albanian government’s provocative decision at the expense of the Greek minority and their properties is not only unacceptable and must be revoked but also proves how fake are the arguments [...]

Drug trafficking ring arrested in Thessaloniki to appear before Magistrate

Society
Light quake in the sea region of Zakynthos
A light earthquake measuring 4.4 on the Richter scale jolted on Thursday the Ionian Sea. The tremor was recorded at 08:26 and according to the Geodynamics Institute of Athens’ Observatory its epicentre [...]
Society
Iranian, Turkish nationals arrested in Athens for drug dealing
One Iranian and three Turkish nationals were arrested in Athens for drug dealing. Police said that the foreign nationals were arrested at a basement apartment. In their possesion police found and confiscated [...]
Society
Three migrants dead, three injured in traffic accident on Egnatia Odos
A traffic accident involving migrants lacking documents was reported early on Thursday on Egnatia Odos in northern Greece. A vehicle with migrants on board swerved off the road, overturned and caught fire. Police [...]

Society
Kalavryta ski resort to be upgraded and modernised
An agreement to include the modernisation of Kalavryta ski resort in the Public Investments Programme has been signed, according to Deputy Energy and Develoment Minister Stathis Giannakidis announcement [...]
Society
Guard at the Athens University stabbed at Zografou campus
A guard at the Athens University Campus in Zografou was stabbed and lightly injured early on Saturday by unknown perpetrators. According to police sources, the incident happened when the campus guards [...]
Society
5th Athens International Tourism Expo opens its doors to the public
The 5th Athens International Tourism Expo (AITE) opened its doors to the public on Friday at the Athens Metropolitan conference centre, with the support of the Ministry of Tourism and the Greek National [...]

Business
Moody’s changes Eurobank long-term deposits rating to positive from stable
The credit rating agency Moody’s on Tuesday announced that it is changing its rating for the long-term deposits of the Greek systemic bank Eurobank Ergasias to positive from stable, affirming them [...]
Business
ADMIE says nine-month profits up 20.9 pct
ADMIE on Tuesday said its nine-month net profits totaled 60 million euros, up 20.9 pct from the same period last year, while net borrowing fell by 51.8 pct to 112.9 million euros and EBITDA rose 1.4 pct [...]
Business
Piraeus Bank announces new single pension scheme for its employees
Piraeus Bank on Friday announced it will offer a new, single group pension programme to its employees in the framework of a strategic plan to create a single working framework in the group. Under the new [...]
Business
Ethniki Asfalistiki continues its positive course in the 9-month period
Ethniki Insurance continues its positive course in the 9-month period of 2018, recording an increase of 4.3% compared to the 9-month period of 2017. Profits prior to taxes for the same period amounted [...]
Business
Vasilios Psaltis to take over as new Chief Executive Officer of Alpha Bank
Alpha Bank announced that Vassilios Psaltis, current Chief Financial Officer and managing director of the bank, will take over as new Chief Executive Officer after the departure of Dimitrios Mantzounis. [...]
Business
National Bank Group reports profits in Jan-Sept
National Bank Group on Thursday said its profits from continuing operations after tax totaled 48 million euros in the January-September period, after losses of 103 million in the same period last year. Paul [...]