Greece’s 2009 Budget Gap Hits 15.4% Of GDP, Eurostat Says

Greece’s 2009 budget deficit hit 15.4 of GDP, revised data provided Monday by Eurostat showed. The previous notification was at 13.6% of GDP The country’s government...

Greeks Look to Turkey for Employment

The job search is no longer confined to Western Europe and now includes Turkey. Dozens of requests from jobless Greeks are being sent to...

Greece Sells 390 MLN Euro 6-month Bonds, Rates Rise

Greece has today issued six-month state bonds worth 390 million euros at a yield up 28 base points compared to the previous auction in...

Greek Finance Minister Rules Out Debt Restructuring

Greece is not mulling restructuring its debt while the regional elections that took place on Sunday proved the government has the support it needs...

Auction of 6 Month Treasury Bill on November 9th

Greece will auction a six-month Treasury Bill issue on Tuesday, November 9th.  It seeks to raise 300 million euros from the market. The T-bill issue...

EU Demands Greece to Repay 347.5 Million Euros Wrongfully Spent

Athens has been given a rude awakening by the EU.  Greece will have to repay the European Commission 347.5 million euros that were wrongfully...

Decline of Car & Motorcycle Registration this Year

Car sales dropped 31.7 % in the ten month period of January to October this year, offering more proof of the crisis hitting the domestic car...

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...

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