Greece will Issue 6 Month T-Bills Worth 1.5 Billion Euros

Greece on Friday said it would issue next week a batch of six-month treasury bills worth 1.5 billion ($1.97 billion).  This is the largest offering...

Greece Isn’t in Debt Restructure Talks, Minister Tells Reuters

Greece isn’t in talks with creditors on restructuring its debt, Reuters news agency said, citing an interview with Finance Minister George Papaconstantinou. Papaconstantinou said talks...

Greece’s Revenue In 2010 Rose By 5.4%

Despite repeated revisions of the financial goals of last year΄s budget, Greek government missed a revised target of revenue by about EUR290million, according to...

President of Industrialists of Athens & Pireaus: Greek Economy Entered Vicious Circle

The Greek economy has entered a vicious circle that will be very hard to exit, president of the Association of Industrialists of Athens and...

Private Sector Credit Decelerated Further in Nov 2010

The annual growth rate of total credit granted to the domestic private sector decelerated further to 0.4% in November 2010, from 1.0% in October...

Greek Travel Agencies’ Record Decline in Holiday Travel

A major decline in travel by Greeks, both abroad and domestically, was recorded in the Christmas-New Year holiday season this year, according to travel...

Greek Stocks’ Annual Losses Reach 35.6% in 2010

Athens Stocks moved on negative ground in the last session of the year, as the General Index ended at session lows, on a turnover...

Kathimerini States Bad Greek Loans Likely to Exceed 31 Billion Euros

Bad loans at Greek banks in 2011 are likely to exceed 31 billion euros ($41 billion), or 12% of total loans, up from 10%...

OTE Cuts Extra Payments & Benefits to its Parent & Susidiaries Managers

Hellenic Telecommunications Organisation (OTE) proceeded with the cutting of extra payments and benefits of both its parent and subsidiaries managers. This is considered as...

Regulatory Authority for Energy Approved Tariff Increases

Greek electricity utility Public Power Corp SA (PPC.AT) said Tuesday that the local Regulatory Authority for Energy, or RAE, has approved its proposed tariff...

Public Debt Management Agency States Greece will Resume Monthly Treasury Bill Auctions

Greece will resume its monthly Treasury Bill auctions in January, the chief of the country’s Public Debt Management Agency said on Tuesday, according to...

Deficit Of Trade Balance Dropped by 38.4% in October

The deficit of the trade balance in October recorded a drop of 38.4%, according to Hellenic Statistical Authority’s announcement, based on provisional data. Specifically, the...

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