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Greece

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.

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...

New Covid-19 Protocol Requires Wearing a Mask in Supermarkets

The use of non-medical masks in supermarkets will become mandatory for both employees and patrons alike starting on Saturday, July 18, to address noticeable spikes in Covid-19. The decision was made by the National Committee for the Protection of Public...

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...

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...

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...

Athens Stock Exchange Tumbles as World Markets Infected by Coronavirus Panic

The Athens Stock Exchange plunged 13.39 percent on Monday, as investors worldwide react to the coronavirus and the oil price war launched by Saudi Arabia overnight. OPEC and Russia added to the worst one-day crash in crude prices in nearly 30...

The Greek Man Who Brings Light to The World's Most Beautiful Christmas Markets

Giannis Paleochorinos is a Greek businessman who has, over the course of decades, become the man whose business supplies the most spectacular Christmas markets of the world with their most valuable element: lights. Christmas is the time of the year...

Blackmile: New "Funky" Greek Sports Accessory Brand Eyes World Markets

Blackmile, a new multisports brand designed in Greece, aims to spread further into the world market after a successful launch in March of this year. Blackmile is a start-up company, focusing on providing the athlete with the ultimate in sports...

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...

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...

Markets Receive Conservative Greek Landslide With Unprecedented Enthusiasm

Global markets showed marked enthusiasm regarding the prospect of Greece turning toward a more conservative route, following the New Democracy Party's landslide in Sunday's local and European Elections. Greece's ten-year bond lost more than nine percent since the day began, and is...

Cyprus to Tap Markets With its First-Ever 30-Year Bond

Cyprus has mandated investment banks to manage a double bond issue comprising a 5-year and a 30-year, euro-based bonds, the country's Ministry of Finance announced on Tuesday. This will be the first time Nicosia will borrow money on the international...

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...

Use of Plastic Bags in Greek Supermarkets Down 80%

The use of plastic bags in supermarkets in Greece dropped 80 percent in 2018 since stores no longer give them away for free, according to a recent survey by the the Research Institute of Retail Consumer Goods (IELKA). The environmental...