UAE, Greece discuss cooperation in land, maritime transport

Dr. Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development, and Chairman of Federal Transport Authority – Land and Maritime, received on Sunday, Dr. Catherine Boura, Ambassador of Greece to the UAE, to explore [...]

Greece has no immediate problem tapping the markets, Dragasakis says

Government Vice President and Economy and Development Minister Yiannis Dragasakis referred to the reconstruction of the party that can deal with all situations. Dragasakis was speaking to the central committee of SYRIZA on Sunday. Referring [...]

Despite positive figures, Greece is still in transitional period, Liakos says

“Despite the positive elements it has to show, Greece is still in a transitional period and is therefore affected by the climate of instability,” Deputy Minister to the Prime Minister Dimitris Liakos said in an interview with ‘Real [...]

ESM chief economist Strauch: Greece returning to positive growth

The Greek people made a major effort to successfully exit their bailout programs, and the reforms are bearing fruit, European Stability Mechanism (ESM) chief economist Rolf Strauch said in a brief address on “Global Financial Stability: Insights [...]

Greek banks sound, Bank of Greece governor Stournaras says

“The ongoing improvement of the liquidity situation of Greek banks reflects the improved condition of the Greek financial system. The recent stock market developments in respect of the banking sector are not related to the soundness of [...]

Greek annual inflation rate up 1.1 pct in September

The Greek annual inflation rate rose 1.1 pct in September from 1.0 pct in September 2017 and 1.0 pct in August 2018, reflecting price increases in fuel, pharmaceuticals and telephone services, Hellenic Statistical Authority said on Wednesday. The [...]

Greek industrial production index up 1.4 pct in August

Greece’s industrial production index grew 1.4 pct in August, with manufacturing production rising 2.9 pct in the month, Hellenic Statistical Authority said on Wednesday. The statistics service, in a monthly report, said that the industrial [...]

Iternational Monetary Fund revises growth forecast for Greek economy

Iternational Monetary Fund revises growth forecast for Greek economy to 2.4% growth for 2019. This forecast is improved by 0.6%, as in April 2018. The Fund estimates that this year’s growth will reach 1.8%. For Greece’s current account [...]

Greece out of intensive care but work needed before it can run again, says Singh

The Greek economy has moved on from the crucial phase it was in, said Daleep Singh, a former US Treasury assistant secretary, but added that the global environment is creating a series of challenges that must be handled in order for the country [...]

Fitch upgrades Greek bank IDRs after deposit withdrawal restrictions are lifted

Fitch Ratings upgraded Alpha Bank AE’s and National Bank of Greece S.A.’s Long-Term Issuer Default Ratings (IDR) to ‘CCC+’ from ‘RD’ and Eurobank Ergasias S.A.’s and Piraeus Bank S.A.’s Long-Term [...]