Greece

The European Investment Bank will offer 200 million euros to Greece for the support of infrastructure works due to the recent migration-related developments on the islands of the northeastern Aegean and in Evros, it was made public on Friday. Greek...

Greece on Thursday signed two loan agreements with the European Investment Bank (EIB) worth 330 million euros. The EIB loans, one for the construction of a new international airport in Heraklion, Crete, and the other for priority investments in Greece,...

The European Investment Bank (EIB) was active in Greece before the crisis, it remained during the crisis and its intention is to continue to be active after the crisis, EIB President Werner Hoyer said on Monday. According to Hoyer, the process,...

Greece and the United Arab Emirates (UAE) have agreed to create a €4 billion ($4.22bn) initiative to invest in the Greek economy during a visit by Greek premier Kyriakos Mitsotakis to Abu Dhabi on Monday. Investments will be made in...

Greece’s startup financial firm "Viva Wallet," a neo-bank, has raised $80 million to expand its footprint as well as the services it offers.

Piraeus Bank, Greece's largest lender, announced on Thursday it has financed the acquisition of five hotels in resort locations on the island of Crete by the international real estate company Henderson Park and Hines. The 1,094-room, 67,000-square-meter portfolio comprises five...

The European section of the Bank of China officially opened its first branch in Greece after receiving an operating license from the Bank of Greece (BoG) on November 1, 2019. On October 25 the Bank of Greece informed the Industrial...

Piraeus Bank, Greece's biggest lender, announced on Wednesday that it will support a new 650-million-euro ($716 million) infrastructure investment program developed by the Hellenic Ministry of Development and Investments and the European Investment Bank. Piraeus Bank will initially use 32...

Greece’s financial crisis is still affecting the hopes and dreams of the people that live in the country, as it has been in economic turmoil for most of the last decade. Greece’s GDP shrunk 26% in the span of eight...

It was made public on Thursday that Greece heads the list of the 28 member states of the European Union in receiving investment funding from the so-called ''Juncker Plan.'' The funding for the nation of Greece totals €76.9 billion, according...

By Constantine E. Passaris* Since time immemorial, Greece has supported and promoted the arts and culture. Indeed, Greece has created a significant foot print and an inspiring legacy in the arts and culture. Hardly a day goes by when we do...

Piraeus Bank, Greece's biggest lender, has announced it will finance the development of the Thriassio Transit Center, which will help increase freight transport by rail and promote Greece as a major freight hub in the trans-European transport network. It will...

The European Central Bank (ECB) recommenced purchases of Cypriot government bonds following the upgrade of Cyprus credit rating to investment-grade by Standard and Poor’s. Purchases of Cyprus bonds by the ECB in the context of the ECB’s Public Sector Purchase...

Standard & Poor's have announced the upgrade of National Bank of Greece's three-year covered bonds worth €750 million ($881 million) to the BBB- credit rating, four notches above the country's credit rating. According to economic analysts, this rating covers not...

Greece's economy will record higher growth rates under conditions in the near future, Bank of Greece governor Yannis Stournaras estimated in a Monetary Policy Report submitted to parliament. He also called on Greek banks to speed up their efforts for the...