Development bank and hydrocarbons exploration to be discussed at gov’t committee of economic policy

The creation of a development bank and the further exploration for hydrocarbons in Greece is expected to be discussed at the Government’s Committee of Economic Policy meeting scheduled to take place on Thursday, according to Athens Macedonian [...]

Bank of Greece: Greek banks’ deposits up by 771 mln euros in June

Greek banks’ deposits of households and non-profit institutions increased by 771 million euros in June, compared with a decrease of 214 million in the previous month and the annual growth rate stood at 1.9 pct from 1.5 pct in the previous [...]

Enterprise Greece: Investment interest for Greece rising

“Completion of a second review, a debt relief prospect, improving business environment, an increase in liqudity and funding tools and a further economic and political stabilization in the country are omens of positive results for the current [...]

S&P changes outlook on Greece’s credit to ‘positive’, keeps rating unchanged

Standard & Poor’s on Friday revised the outlook on Greece to positive from stable. S&P affirmed a B- long-term credit rating and B short-term credit rating, stopping short of an upgrade that could raise Greek bonds out of ‘junk [...]

ELA reduced by 1.1 billion euros on Thursday, central bank reports

The European Central Bank reduced the Emergency Liquidity Assistance (ELA) ceiling for Greek banks by 1.1 billion euros, the Bank of Greece announced on Thursday. The reduction “reflects an improvement of the liquidity situation of Greek [...]

Enterprise Greece takes action to support extrovert companies

Enterprise Greece will organize two significant seminars in Athens and Thessaloniki in the framework of actions aimed to boost extroversion of Greek enterprises and supporting their export activity. The first seminar will be held at the Divani [...]

Russian foreign direct investments to Greece up 8.9 pct in 2016

Russian foreign direct investments to Greece grew 8.9 pct last year, compared with 2015, the Greek embassy in Moscow said in an annual report on bilateral economic and trade relations for 2016. Russian investments to Greece totaled 683 million [...]

China shows interest in Greek investments

There is high investment activity and specific actions have already been made in this direction, the secretary general for International Economic Relations of the Foreign Ministry Giorgos Tsipras said on Friday in an interview with the Athens [...]

Commission requests Greece to implement directive on antitrust damages actions

The European Commission has requested Bulgaria, Cyprus, the Czech Republic, Greece, Latvia, Malta and Portugal to fully implement the Directive on antitrust damages actions (Directive 2014/104/EU) into national law. This Directive helps citizens [...]

Moscovici: Greece is now ‘a more and more reliable country’

A return to the markets will be the “next step” for Greece, European Commissioner for Economic and Monetary Affairs Pierre Moscovici said on Wednesday, while noting that the conclusion of the second review and the Commission’s [...]