30042017Headline:

Use of POS rapidly growing in Greece in the last two years

Use of POS is rapidly growing in Greece in the last two years, following the imposition of capital controls in the market and the introduction of recent legislative moves on plastic money. Cardlink, a POS manufacturer, said a total of 60,000 [...]

SETE: The danger of Greek hotels passing into foreign hands is very smal

The danger of Greek hotels passing into foreign hands is very small, the president of the Greek Tourism Confederation (SETE) Andreas Andreadis said in statements to the Athens Macedonian News Agency (ANA). Andreadis’ term as president [...]

Associated Press: Greece seeking bailout talks breakthrough by Sunday

Greece and its bailout creditors are closing in on a deal to restart rescue loan payouts, senior officials from the two sides said Thursday, a compromise that is likely to prolong years of hardship for many Greeks. A spokesman for the Greek [...]

Government’s economic team briefs Tsipras on review talks

The government’s economic team briefed Prime Minister Alexis Tsipras on Thursday evening the ongoing negotiations with Greece’s creditors on the second program review Finance Minister Euclid Tsakalotos, Alternate Finance Minister George [...]

‘Overwhelming odds’ in favour of a deal with creditors by Sunday, says government spox

It is extremely likely that negotiations between the government and the mission chiefs institutions on Greece’s second program review will conclude by Sunday, government spokesman Dimitris Tzanakopoulos told public broadcaster ERT, in an interview [...]

Greek stocks ended flat in the Athens Stock Exchange on Thursday

Greek stocks ended flat in the Athens Stock Exchange on Thursday, after a three-day rally which pushed the composite index of the market 5.2 pct higher. The index edged 0.02 pct higher to end at 706.51 points, after falling as much as 0.37 pct [...]

Eurozone banks now ‘much stronger,’ EBF chief Wim Mijs tells ANA

“Significant racapitalisations” over recent years have rendered the Eurozone’s banking sector much stronger and resilient, European Banking Federation (EBF) Chief Executive Wim Mijs told ANA this week. The veteran Dutch banking [...]

European Central Bank lowers ELA-ceiling for Greek banks by 100 mln euros

European Central Bank on Thursday approved a request by the Bank of Greece to lower the ELA-ceiling for Greek banks by 100 million euros to 46.5 billion euros up to and including Wednesday, 17 May 2017. The Greek central bank, in an announcement [...]

Agreement on final package to be reached soon, Eurogroup chief Dijsselbloem says

“I hope the procedures to have been completed before the end of May”, said Eurogroup chief Jeroen Dijsselbloem addressing on Thursday the European Parliament during a debate on the Greek programme. On his part European Commissioner [...]

Club Med is considering to expand its activities to Greece

After the strategic investment of Chinese Fosun in Club Med, the French company is considering to expand its activities to Greece. “Fosun always applies a long-term value investment model that combines China’s unique growth momentum [...]