Greece
Economy
Greece Issues 30-Year Bond Confirming Full Return to Markets
Greece announced it will issue a 30-year bond, the longest-maturity sale since 2008, completing the country’s full return to debt markets.
Ancient Greece
Ministry of Culture Markets Facemasks With Patterns Inspired by Ancient Greece
Acknowledging the current need for their widespread use, The Greek Ministry of Culture is now marketing fabric facemasks inspired by Ancient Greece so that citizens can stay protected from Covid-19 -- while promoting Greek history.
The masks, with patterns featuring...
Economy
Greece Draws €2 Billion From Capital Markets After Successfully Issuing 7-Year Bond
Athens drew €2 billion from international capital markets on Holy Wednesday, following the successful issuance of seven-year syndicated bonds.
Greece "has accessed global markets today, through adverse social and economic conditions created globally by the pandemic, and succeeded," Finance Minister...
Economy
Greece Aims to Raise Money from Capital Markets by Issuing New 7-Year Bond
Greece opened a book-building process for a seven-year syndicated bond on Holy Wednesday.
The Greek government ordered Citi, Commerzbank, Credit Suisse, Morgan Stanley, Nomura and Societe Generale banks to issue the new seven-year bond, as Athens takes action to strengthen...
Greece
Coronavirus: Greece to Impose Controls on Supermarkets to Prevent Overcrowding
Greek authorities announced on Sunday that they will impose crowd controls on supermarkets starting Monday to prevent overcrowding and prevent the spread of coronavirus in the country.
Speaking to Open TV, Deputy Development Minister Nikos Papathanasis said that security guards...
Economy
Greece's Economy Establishes Positive Outlook in Global Markets
Greece's economy has slowly but steadily entered the zone of seeing its solvency being upgraded by major global credit rating agencies, after several years of a financial meltdown and harsh conditions.
Following the recent upgrades of its solvency and its...
Economy
Greece Expected to Tap Financial Markets With New 10-Year Bond
Greece will very soon seek to pump additional money from global markets in an effort to capitalize gains made on the historically-low interest rates that the country has been enjoying over the last several months.
Greek authorities have requested the major...
Economy
Greece Plans Return to Markets With Five-Year Bond
Greece's debt agency announced the country's return to the bond markets on Monday, with a five-year syndicated issue of the financial product.
The bond issue will be launched “in the near future, subject to market conditions”, authorities said in a...
Economy
Greece Returns to Markets with 7-Year Bond
Greece on Thursday returned to international capital markets with a seven-year syndicated bond through the launch of a book-building procedure.
It is one of three state bond issues scheduled by the Greek government until completion of the current bailout program...
Business
Caviar Made in Greece Makes Breakthrough in European Markets
Excellent quality caviar; produced in Epirus, north-western Greece, is the only enterprise of its kind in the country.
A company called Thesauri, of the meat production and processing VIKI Group, has pioneered sturgeon farming and caviar production in Greece.
It produces...
Economy
Greece will Soon be Able to Access the Markets, Schaeuble Says
Greece is currently on a good path and, even though it has not fully overcome the problem, the more pessimistic forecasts of the critics were not borne out, outgoing German Finance Minister Wolfgang Schaeuble said in an interview due...
Economy
ESM Chief Regling: Greece Can Tap Markets in 10 Months, if it Implements Reforms
"Greece can exit the current aid programme in 10 months and be financed independently through the markets, if the government adheres to the agreed reforms to strengthen growth and employment," Klaus Regling, head of the European Stability Mechanism (ESM),...
Economy
Greece Returns to Financial Markets by Selling €3Bln Bond at 4.62%
Greece has made a return to the financial markets, by selling €3 billion worth of its new five-year bond, at a yield (or interest rate) or 4.625%.
That’s lower than the 4.95% that Greece last sold five-year bonds for, in...
Economy
Tsipras Hails Greece's Return to Markets; EU's Moscovici Urges Implementation of Reforms (video)
Greece sold debt to private investors for the first time in three years, an upbeat Prime Minister Alexis Tsipras hailed what he called a "special day."
At his meeting in Athens with EU Commissioner Pierre Moscovici, Tsipras that “it is...
Economy
Greece's Return to Markets Met with Cautious Remarks from International Press
Greece's return to tapping the international bond markets for the first time since 2014 is met with mixed remarks from the international press.
In its electronic version, German magazine Spiegel reports on Greece's test run on markets as follows: "Return...