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 […]
Greek inscriptions, lavish mosaics, and the rich legacy of Kayseri as an Anatolian Cultural Hub
Germany, Sweden, and the Netherlands disagree with the new proposal, indicating a willingness for improvements. On the other hand, Hungary disagrees with the necessity of revising the multiannual financial framework and opposes finding funds for Ukraine through it.
Studies have linked chemicals in some hair products to an increased risk of uterine, ovarian and breast cancer
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
At a whopping 3,900 square kilometers, this colossal ice piece is slightly larger than Greece's Attica region, which spans 3,800 square kilometers, or 45 times the size of Manhattan
The CBRE report assessing the potential deficit from 2024 to 2027 highlights how property values have shrunk, exacerbating the challenge of refinancing
Mitsotakis, along with Cyprus President Nikos Christodoulides, highlighted the importance of addressing the financial aspects of migration
Citizens can now engage with mAigov via mobile phones and PCs, submitting their queries in natural language, allowing the digital assistant to aid them in identifying the requested service
Orban also expressed a favorable view towards Georgia, stating, "Georgia is fine. Everyone loves you."
According to an announcement, the fine is related to a violation of Article 15, paragraph concerning misleading discounts
Greek travelers continue to favor the "traditional" Christmas destinations abroad, such as London, Geneva, Vienna, etc. However, their choices also reflect the prevailing trend of exploring alternative destinations like Copenhagen, Morocco, Innsbruck, Krakow, and even Chisinau
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
Separately, Hunter Biden defies GOP subpoena, says father not involved in his business affairs
On this day in 1911 Norwegian explorer Roald Amundsen became the first person ever to reach the South Pole