Greece
Energy
China's Energy Giant Enters the Greek Market
China Energy Investment Corporation, one of the world's largest power companies, signed a cooperation agreement with Greece's Copelouzos Group on Thursday for renewable energy and conventional electricity.
Under the deal, the Chinese company will enter into the equity of wind...
Economy
Property-Tax Hike Looms Over Greek Market
Greeks could be hit with higher property taxes if new rates being considered by the country's Finance Ministry come into play.
According to a report in the Kathimerini newspaper on Thursday, Greece's Single Property Tax (ENFIA) could shoot up anywhere...
Business
China Shows Increasing Interest in Various Greek Market Sectors
China is showing a growing intent in investing in the Greek market. Just a few weeks ago China's China Machinery Engineering Corporation (CMEC) signed an agreement with Greece's Public Power Corporation (PPC), while a few days ago 24 percent...
Economy
Greek Markets Down Again
Greek stocks were down 4.5% in early trade today, dragged down by another near 30% plunge in banking stocks, a day after sustaining record losses when the bourse opened following a five-week shut down.
The main Athens index lost 16.2%...
Economy
Bounced Checks and Bills of Exchange Show Decrease in Greek Market
An issue that has been plaguing Greece for a long time is slowly and steadily being regulated. The increased number of bounced checks and unpaid bills of exchange (BOE) that have been circulating the Greek market has significantly dropped.
Based on...
Economy
Car and Motorcycle Sales Increase in Greek Market
Official data shows that Greeks are back in the market for buying cars. Compared to the previous May, this year's car sales during the same month have almost doubled. In May 2013, Greeks bought 6,837 cars. In May 2014,...
Greece
Greek Market Vendors Continue Protests
Five thousands farmers' market vendors held a rally on Friday blocking circulation in central Athens. The vendors, who closed their street markets indefinitely this week, are protesting against the Ministry of Growth’s draft bill which affects their sector.
They gathered outside the...
Greece
New Provisions in Omnibus Bill to Alter the Greek Market
The critical omnibus reform bill that needed to release a delayed €10.5 billion installment from Greece’s international lenders was approved by the Greek parliament in the early morning hours of Monday.
The bill corrects many injustices that used to exist...
Greece
New Multi-Bill Changes Greek Market
The new multi-bill which will be filed today in the Greek House of Parliament as a matter of urgency is expected to bring significant changes to the Greek market. The bill consists of three main articles.
Its voting is a prerequisite...
Greece
Lottery Scratch-Cards Set to Return to Greek Market
After an eleven-year absence, lottery scratch-cards are set to return in Greece. According to Greece’s Ministry of Finance, an agreement was reached with the Hellenic State Lotteries and the scratch-cards will be on sale from May 1.
The first lottery scratch-cards came on...
Economy
Troika Warns Against Greek Market Return
With Prime Minister Antonis Samaras touting what he says is a looming economic recovery this year, Greece's international lenders say he should forget about returning to the markets the country has been locked out of for four years because...
Business
Foreign Investors Re-interested in Greek Market
A pan-European survey conducted by PricewaterhouseCoopers and the Urban Land Institute (ULI) showed that hotels still remain the Number 1 choice for foreign investors who are active in the local property market.
Based on the survey’s results, property market professionals...
Business
Same Old for Greek Market, Even On Sundays
Stores in various Greek cities opened once more on Sunday, January 19, as part of a new initiative for businesses in the private sector. Although it was the first weekend of the sales period, there didn't seem to be...
Economy
PIMCO Says No Greek Market Return
Even as Greece's government proclaims an economic recovery will begin this year, the world's biggest bond fund manager PIMCO said it doesn't see any chance the country will be able to return to the markets this year, dashing some...
Economy
Stournaras Sees 2014 Greek Market Return
Greek Finance Minister Yannis Stournaras, continuing to champion a recovery he said will begin next year, now also says the country may return then to the bond markets it has been locked out of since getting bailouts and stiffing...