ENGLISH EDITION

ENGLISH EDITION

Bank of Greece plan to cover 60 pct of Greek bank NPLs, governor Stournaras says in Thessaloniki

The Bank of Greece will activate a plan to resolve the 60 pct of nonperforming loans (NPLs) not covered by the "Hercules" plan proposed by the government, bank governor Yannis Stournaras revealed while speaking at the Thessaloniki Summit 2019 on Friday evening.

16 Νοε 2019 12:39

ENGLISH EDITION

Office deals hit record high in 2019

The number of deals being done on office buildings in Greece is expected to hit a new high in 2019, in what is likely to considerably exceed the 500 million euro mark. An increase in the number of modern offices going under the hammer, in combination with higher demand, has prompted a spike in deals being completed in this segment of the market.

15 Νοε 2019 12:58

ENGLISH EDITION

PM Mitsotakis after meeting PM Zaev: Greece supports EU prospects of western Balkan countries

Prime Minister Kyriakos Mitsotakis reiterated his criticism of the Prespes Agreement, during a meeting he had with Prime Minister of North Macedonia Zoran Zaev on the sidelines of the 4th Thessaloniki Summit on Thursday, but also stressed his commitment to the EU accession of western Balkan countries.

15 Νοε 2019 07:30

ENGLISH EDITION

PM Mitsotakis at Thessaloniki Summit: EU accession path for western Balkan countries includes reforms

"Good accounts make for good friends," Prime Minister Kyriakos Mitsotakis said addressing himself to North Macedonia and Albania with a Greek saying, in an address at the 4th Thessaloniki Summit on Thursday. As Mitsotakis clarified, he wanted to be honest and convey to the two neighboring countries that the path to EU accession includes reforms that must be made.

15 Νοε 2019 06:45

ENGLISH EDITION

Foreign funds eye Greek drug companies

Foreign investment funds have been showing a growing interest in Greek pharmaceutical exporters in the last year. According to sources from the Panhellenic Association of Pharmaceutical Industry (PEF), the exporters produce drugs at a much lower cost than European peers and can sell their products abroad at a price up to three times higher than what they can get in Greece.

14 Νοε 2019 12:09

ENGLISH EDITION

Saudi Minister Al-Jubeir: Greece and S. Arabia can expand trade and investments

Greece and Saudi Arabia can do better in trade and investments, visiting Saudi Minister of State for Foreign Affairs Adel al-Jubeir said in a press conference on Wednesday, as "the size of investment and trade relations does not correspond to the closeness of the two countries." The Saudi minister said that "Greek businesses are active in Saudi Arabia in several sectors, as, correspondingly, our businesses in Greece are, and we want to see how we can expand and enrich this relationship."

14 Νοε 2019 09:29

ENGLISH EDITION

Chinese shipyards gain ground among Greek shippers

Chinese shipyards are gaining favor among Greek shippers thanks to lending provided by banks in China but their peers at Korea remains top choice for Greek interests due to the technological edge they offer. Chinese shipyards have taken on deals to build 56 vessels for Greek shippers, worth $2.3 billion, reflecting the strong ties between the two sides.

13 Νοε 2019 15:01

ENGLISH EDITION

Greece's excessive use of antibiotics a threat to public health, say scientists

Asked why Greeks take so many antibiotics, scientists say that in 70 pct of cases they use them to battle simple daily winter viruses that bring coughing, a sore throat and nasal congestion, symptoms that do not even require a physician's help.

12 Νοε 2019 21:41

ENGLISH EDITION

Greek, Chinese discuss energy deals

China's Belt and Road Initiative (BRI) is well known in Greece as the country's largest port, Piraeus, is in the path of the Modern Silk Road project. What is not as well known in Greece is the Global Energy Interconnection (GEI) initiative which is being led by China's State Grid, the Asian country's largest government company, that controls 24 percent of Greece's ADMIE.

12 Νοε 2019 13:28

ENGLISH EDITION

Greeks take to electric scooters: 1 million rides in 9 months

The number of Lime electric scooters being ridden around the streets and pavements of Athens is set to rise as Greeks have taken warmly to the two-wheeled mode of transport taking off around the world.

12 Νοε 2019 07:45

ENGLISH EDITION

As Hercules bad loan plan delays, Greece loses another year

Completion of the Hercules plan, a proposal being put together by the Greek government to help banks offload nonperforming loans, has been pushed back to 2020, in a development that is also delaying other initiatives by banks to improve their balance sheets. Due to uncertainty stemming from the Hercules proposal, Greek lenders are unable to complete steps they have already announced and prepared 12 months ago, such as the Eurobank - Pimco deal.

11 Νοε 2019 11:50

ENGLISH EDITION

President of China Xi Jinping arrives in Athens for official visit to Tuesday, Nov. 12

President of the People's Republic of China Xi Jinping arrived in Athens shortly after 19:30 on Sunday night for an official visit to the Greek capital until November 12. The Chinese president and his spouse were welcomed at Athens International Airport "Eleftherios Venizelos" by Greek Foreign Minister Nikos Dendias.

11 Νοε 2019 09:15