We want an out-of-court mechanism to succeed, Greek banks say

“We want this law to succeed,” Charoula Apalagaki, secretary-general of Hellenic Bank Association said on Thursday, addressing an event on the out-of-court mechanism to restructure corporate debts, organized by social groups and [...]

ECB lowers borrowing ceiling for Greek banks

European Central Bank’s governing board on Thursday did not object to a request by the Bank of Greece to lower the borrowing ceiling of the ELA mechanism for Greek banks by 600 million euros to 43.6 billion by Wednesday, 5 July 2017. The [...]

The new Patras port supports the development of the wider region, its CEO says

The construction and the operation of the commercial section of the new port of Patras will boost the development of the port as well as the wider region, the president and managing director of the Patras Port Organization Nikos Kontoes said [...]

Reuters: Greek privatisation agency moves to settle case to help secure new loans

Greece’s privatisation agency took action on Wednesday to settle a legal case that could hold up the disbursement of vital fresh bailout loans to the deeply indebted country. Athens last week secured an 8.5 billion euro (7.49 billion pounds) [...]

Dragasakis briefs EU ambassadors on Eurogroup outcome

Government vice-president Yiannis Dragasakis briefed on Wednesday the ambassadors of EU countries to Greece on the results of the last Eurogroup meeting, at the initiative of the Maltese ambassador. Dragasakis said the overall outcome of the [...]

C. Mixalos: Proposal on business debt settlement plan is in right direction but changes needed

The government’s proposal for the out-of-court settlement of debt for over-indebted businesses is a step in the right direction but changes are needed to ensure as many businesses as possible will benefit from the plan, the head of the [...]

Greece is hosting largest part of one of most important energy projects worldwide, says TAP chief

The Trans Adriatic Pipeline (TAP) AG will donate 92 utility vehicles to local communities in all three Northern Greek prefectures traversed by the pipeline, the company said on Wednesday during a press conference in Thessaloniki. “Many years [...]

Commission survey: Greece 22nd out of 28 EU countries in innovation

Greece was 22nd out of 28 EU countries in innovation in 2016, according to the main findings of the latest Innovation Scoreboard, published by the European Commission. Greece is classified as a moderate innovator and its performance has increased [...]

Greek stocks ended slightly lower in the Athens Stock Exchange on Wednesday

Greek stocks ended slightly lower in the Athens Stock Exchange on Wednesday, as investors took profits after a three-day rally which pushed the general index of the market 3.41 pct higher. The index fell 0.45 pct to close at 823.32 points, off [...]

Moscovici: Commission to soon recommend end of excessive deficit procedure for Greece

The European Commission intends to recommend that Greece exit the excessive deficit procedure (EDP) within the coming weeks, European Commissioner for Economic and Financial Affairs Pierre Moscovici announced on Wednesday. Replying to questions [...]