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...
Greece
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...
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...
Business
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...
Greece
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...
Business
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...
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
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
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...
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...
Environment
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...