Finance Minister Papaconstantinou Announces Tax Proposals

Finance Minister George Papaconstantinou on Wednesday unveiled changes to a package of tax proposals included in the Mid-term Fiscal Strategy Programme, schedule to be...

S&P Downgrades Greece

Standard & Poor's slashed its ratings on Greece three notches, making it the firm's lowest-rated government debt in the world, citing its belief of...

Greek Banks’ ECB Dependence Declines

The Greek banks' borrowing from the European Central Bank decreased further in April, according to figures released by the Bank of Greece on Monday. The...

New Greek Aid Program Could Exceed EUR100 Billion – Report

Greece may need a new aid package worth more than 100 billion euros, far exceeding previous estimates, according a news report published Saturday. On...

State Revenues Plunged In May

State revenues recorded a 10% reduction in May, although gross income (before tax refunds) increased marginally, as the dramatic increase of tax refunds resulted...

Moody’s Investors Service Downgrades 8 Greek Banks

Moody's Investors Service today downgraded the deposit and senior debt ratings of eight Greek banks, following its downgrade earlier in the week of Greece's...

Greece Deeper Into Junk Territory as Moody’s Cuts Again

Credit rating agency Moody's last night slashed its credit rating on debt-stricken Greece to Caa1 from B1, assigning it a 'Negative' outlook which means...

Finance Minister Activates 10% Additional OTE Equity Stake Option

The Greek government will activate an option contained in an existing contract between the Greek state and Deutsche Telekom to sell an additional 10%...

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...

LATEST