Fitch Downgrades Cyprus Due to Exposure to Greek Debt

Fitch Rating Agency downgraded on Tuesday Cyprus` rating by three notches, citing exposure to Greek sovereign debt, while warning that it could downgrade the...

Finance Minister Asks Deutsche Telekom to Purchase 10% of OTE

The government is speeding up procedures to implement an eagerly awaited privatisation programme. Finance Minister George Papaconstantinou, in a letter sent to Deutsche Telekom's...

Fitch Downgrades Longterm Credit Rating of 5 Greek Banks

The Fitch Ratings firm proceeded with the downgrading of the longterm credit rating of five Greek banks, on Monday. They are the National Bank...

Fitch Downgrades Greece To “B+”, Rating Watch Negative

Fitch Ratings has downgraded Greece΄s long-term foreign and local currency Issuer Default Ratings (IDR) to "B+" from "BB+" and the Short-term IDR remains at...

IMF Official Ruled Out Further Wage Cuts And Tax Increases

Greece΄s reform program remains largely on track, International Monetary Fund official Poul Thomsen said in a conference in Athens on Wednesday, but called on...

Greece Sells €1.625b 13-Week T-Bills

Greece has sold €1.625b of 13- week Treasury Bills in an auction on Tuesday, with uniform yield at 4.06% and maturity on August 19,...

Greece To Sell €1.25b Treasury Bills On May 17

The Hellenic Debt Management Agency (PDMA) announced that Greece will auction 13 Weeks T-Bills, in book entry form, on May 17, 2011. The amount to...

Greek Property Value Decreasing at Faster Rate

The pace at which housing prices in Greece are falling picked up in the first quarter of the year, dropping 5% on an annual...

S&P Downgrades Greek debt

S&P has downgraded Greece’s credit rating by two notches to ΄B΄ and ΄C΄, from ΄BB-΄ and ΄B΄, respectively on fears the country will need...

Greece To Sell €1.25b Treasury Bills

The Greek Debt Management Agency said that the Republic will auction 26 Weeks T-Bills, in book entry form, on May 10, 2011. The amount to...

Economic Sentiment Index Fell from 74.2-78.4 Points

Greece's economic sentiment index fell further in April to 74.2 points from 78.4 in March, the Institute for Economic and Industrial Research (IOBE) said...

800 Retired Lawmakers Ask For Retroactive Increases

An old story of retired lawmakers asking for retroactive increases in pension has been revived recently. A total amount of about 800 former members...

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