Greece Falls 12 Ranks in New “Doing Business Index” by World Bank

Greece has once again followed a familiar pattern as it lost ground on the latest "Doing Business Index", published by the World Bank. According to...

Italy’s Fortone Energia Expands in Greece

Fortore Energia is an Italian company working in the wind energy, photovoltaic and biomass sector.  The company is increasing its presence in the Greek market....

Marfin Bank Seeks Share Capital Increase Plan of 1.15 Million Euros

Marfin Popular Bank said late Monday that its board of directors will convene on November 11th to discuss an 488.6 million Euro rights issue,...

Piraeus Bank to Proceed with a Capital Increase in Cash

On Friday Piraeus Bank said it will proceed with a capital increase in cash via the offering of pre-emptive rights to existing shareholders, for...

Extension of Capital Repatriation

Last Wednesday the Greek government tabled an amendment in Parliament to extend incentives for the repatriation of capital from abroad until Dec. 31, 2010. The...

Grecotel 18% Market Rise in Russia & Ukraine

Tourism group Grecotel is expecting to see a rise in its market share of 18% in Russia and the Ukraine.   Agreements were signed with the...

Greek Finance Minister; 2009 Deficit Above 15%

Greece's 2009 budget deficit will be more than 15% of GDP after revision. This was announced today by Greek Finance Minister Giorgio Papaconstantinou, quoted...

Bank of Greece 2010 Interim Monetary Report Comments

Further deficit efforts from Greece should focus on spending cuts and reining in tax evasion and not on new taxes, Greece’s central banker said. "There...

Greece to Pay All Medical Debts from 2005-September 2010

Greece will pay by the year's end all hospital debts accumulated with medical suppliers from 2005 up to last month.  The nation plans to keep closer...

NYC Economist: “…Don’t Call it Bankruptcy, but Restructuring Under Pressure”

"Greek practical bankruptcy due to restructuring the huge debt of the state is unavoidable, in spite of the austerity measures for cutting budget expenses,...

IMF Says Impact Of Greece’s “Data Revision” Will Not Be Substantial

The implications of the upwards revision of Greece’s budget data by Eurostat will not be substantial, an IMF spokesperson told Capital Still, the Fund points...

Qatar Cancels Plans for Astakos Investment

Qatari companies have cancelled their plans for a private 2.5 billion euro liquified natural gas and power project at the Astakos port in western...

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