Fitch Ratings on Thursday revised, upwards, its outlook four Greece’s four systemic banks – Alpha Bank, Eurobank, National Bank of Greece (NBG) and Piraeus Bank – to positive from stable. The development comes after the ratings firm upgraded Greek state bonds to investment grade earlier this month. All issuer and debt ratings were affirmed, namely, […]
The chairman and CEO of telecoms provider OTE Group, Michael Tsamaz, on Thursday announced his departure from the company after 14 years at its helm. Tsamaz said he will leave the OTE group in June 2024, when his contract expires. In a related development, OTE’s board members unanimously voted on the same day to propose the […]
The unemployment rate in Greece eased to 10.8% in the third quarter of 2023 according to figures released on Thursday by the Hellenic Statistical Authority (ELSTAT). The unemployment rate was 11.2% in the previous quarter (2Q 2023) and 11.6% in the corresponding quarter last year. The number of employed individuals totaled more than 4.25 million, […]
An extraordinary Aegean Airlines general shareholders’ meeting on Thursday approved a buy back scheme for warrants held by the Greek state, valued at roughly 84 million euros. The buy-back option was part of the agreement for 120 million euros in emergency support towards the company to cover damages and losses during the pandemic. In line […]
Emphasizing the critical importance of cybersecurity for enterprises, the announcement highlights that a breach in a company's digital security affects its people, operations, legal obligations, assets, reputation, and even its network of collaborators
INKA (General Consumer's Federation of Greece) estimates an increase of approximately 20% compared to last year
The CBRE report assessing the potential deficit from 2024 to 2027 highlights how property values have shrunk, exacerbating the challenge of refinancing
According to an announcement, the fine is related to a violation of Article 15, paragraph concerning misleading discounts
Except for Eurobank, for which it retains the target price at €2.60, JP Morgan has increased its target prices for Alpha Bank to €2.50 from €2.20, National Bank of Greece to €8.40 from €8.10, and Piraeus Bank to €5.00 from €4.65
Spain, the largest olive oil producer globally, faced extreme weather conditions, damaging olive crops
According to reports, some of the professions are: taxis, private kiosks, minimarkets, real estate brokers and insurance agencies, theaters, cinemas, singers, concert facilities, music bands, dancers, private universities.
Household consumption was bolstered due to increased employment, rising by 1.7% annually in the quarter ending in September, pushing unemployment down to 10%, a substantial improvement from 17% at the end of 2019
Supporting the strike action resolved at the 49th Congress of POE-OTA, ADEDDY has called for a nationwide work stoppage from 10:00 AM until the close of business on Thursday, December 14th
Paraschis focused on the environmental aspect of sustainability in tourism, referencing a recent Deloitte – INSETE study
This conversation marks a crucial step forward, as approximately 5% to 7% of the non-performing loans that were securitized in previous years have returned to regular repayments for at least a 2-year period
Evangelos Marinakis in 22nd place, up by 19 spots compared to last year's rankings.
Despite its reserved optimism for Greece, Deutsche Bank expresses hesitancy about the Eurozone as a whole, suggesting it may experience mild recession
Delegates at the 'Capital Link Invest in Greece' annual conference in New York laid out the growing investment opportunities and the improved business climate in Greece after the country regained investment grade last month for the first time since the 2010 debt crisis.
Eurobank’s Maria Christina Margelou and Marina Hadjipateras from TMV were included in the prestigious list
According to energy sector websites, the Greek company will be in charge of the engineering, procurement and construction of civil works, and installation of all equipment