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Deputy Foreign Minister for Economic Diplomacy Constantinos Fragoyiannis, underlined the importance of the investment to the growth of the Greek economy and expressed his certainty that in the next 2-3 months there will be very important investments in Greece.

The European Central Bank's Single Supervisory Mechanism (SSM) has rejected a key term of Greece's Hercules plan, a proposal aimed at helping banks reduce bad loans, casting doubts over the future of the scheme, sources have told Business Daily. Τhe SSM has decided that the only way for state guarantees on bad loans being securitized to carry zero risk is for Greece to commit respective cash amounts.

European Commission officials in Brussels have expressed satisfaction over the two main axes of the government's energy policy, sources said on Friday. Namely, Brussels has welcomed the announcement of an end of electricity production using lignite and the privatisation of the Hellenic Electricity Distribution Network Operator (HEDNO).

The technical evaluation of bids submitted for the project connecting Crete to the mainland grid through direct-current cables was completed, the Independent Power Transmission Operator (ADMIE) said on Thursday,while the president of Ariadne Interconnection and CEO of parent company, ADMIE, Manos Manoussakis, said the project "is moving ahead without obstacles" and said ADMIE is committed to starting construction on the 1-billion-euro project by early 2020.

Real estate technology company Blueground has raised an additional $50 million in capital from investors as it pushes ahead with ambitious global expansion plans. The moves comes as investor interest in real estate tech players picks amidst changes in the way properties area bought, sold and leased.

Piraeus Bank and Intrum concluded yesterday to a strategic agreement in order to establish credit management servicer in Greece. The new servicer is licensed and regulated by the Bank of Greece.

Greek stocks ended marginally lower in the Athens Stock Exchange on Wednesday, following a consolidation session. The general index fell 0.04 pct to end at 873.13 points, off the day’s lows of 866.71 points. The Large Cap index ended 0.24 pct lower and the Mid Cap index fell 0.60 pct. Turnover was 75.959 million euros in volume of 29,068,845 shares.

A 100 million euro investment program is being implemented in Greece across nearly all segments of the market, by the US real estate company Hines which has been increasing its exposure in the country in the last few years.

Greek parties reached an initial agreement to support the government's draft bill on the right of Greeks living abroad to vote in elections, following three meetings of the interparty committee, it was announced on Tuesday evening. The agreement means that the draft bill to be tabled by the Interior ministry in Parliament could secure at least 200 votes for passing.

Further gains to Greece's real estate sector will be limited if there are no structural changes to the institutional framework the sector operates within, according to industry experts speaking at the Prodexpo conference.