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Greece

Non-Profits Join Forces to Create New Shelters for Minor Refugees in Athens

Two non-profit organizations announced earlier in the week that they have joined efforts to provide more safe and enabling environments for vulnerable unaccompanied minor refugees in Greece. The HOME Project and Movement On The Ground have partnered to open three...

Piraeus Bank Records Growing Profits During 2019

Piraeus Bank of Greece announced on Monday that it grew its net profit for the full year of 2019. This increase was aided by lower operating costs and higher net interest income. Piraeus Bank is Greece’s largest lender as measured by...

Eurogroup Agrees to Return €767 Million in Bond Profits to Greece

Wednesday's Eurogroup meeting in Brussels approved the return of €767 million in Greek bond profits to Greece, as well as the cancellation of the interest rate hike imposed on part of the European Stability Mechanism's loan to Greece during...

Greece's Port of Piraeus Records Stunning 147% Increase in Profits for 2018

The Piraeus Port Authority (OLP) announced on Friday that the company's net profit for 2018 was 147 percent higher than what it had earned in 2017. The Authority noted in a statement that its profits before tax amounted €42.3 million...

ECB Profits from Greek Bond Holdings at €7.8 Billion

The European Central Bank has made nearly €8bn in profits from its holdings of Greek government debt, according to a written response provided by the ECB to a Greek MEP request. According to the response, holdings of Greek sovereign bonds...

Piraeus Bank Announces Profits Up 14% in First Half of 2017

One of Greece's major banks, Piraeus Bank, announced on Wednesday that pre-tax profits for the first half of 2017 were 549 million euros, showing a 14 percent increase from last year. In the second quarter, Piraeus Bank posted profits of...

5 Billion Annual Profits from Illegal Gambling in Greece

An excess of 5 billion euros played a year in illegal gambling as a result of money laundering has been reported in Greece pointed out the General Secretary of Transparency and Human Rights, George Sourlas during a meeting with the...

Illegal Greek Gambling Profits Exceed Legal Market

Hellenic Gaming Commission Executive President, Evgenios Giannakopoulos, stated that the amount of money gained from illegal gambling in Greece exceeds the amount of money made from the country's legal market. The Greek legal gaming market's profits has shown a...

Piraeus Bank Chief Sees Profits, Investors Return to Greece

The prospect that Greece may be emerging from the darkness of a harsh economic and deep recession is seeing international investors putting money back into still-troubled Greek banks in expectations they will see profits, Piraeus Bank Chairman Michalis Sallas...

Greek Traders See Profits Dwindling to 5-year Lows

The profitability of small and medium-size enterprises (SMEs) in Greece has been eroded by 86% and their turnover has fallen by about half since 2009, citing fresh figures released from the National Confederation of Greek Commerce (ESEE) on Monday....

Tourism and the Chinese Market Lead to Higher Profits for Folli Follie

Greek jewellery retailer Folli Follie Group reported a 7.5% rise in its 2011 profit on Thursday, as sales in China and a good tourism season at home helped it cope with the country's severe recession. Folli, which sells jewellery and...

No profits in ASE for August

According to Pegasus statistics no job sector displayed increase in shares during August. It was a tough month with losses rather than profits. Banks faced a reduction of 32,5% in profits, the sector of media transmission news indicated 36,4% loss. Eurobank,...

OPAP's Profits Hit by the Crisis

Greek gambling monopoly's profits take a 61 percent hit. OPAP is anticipating a profit cut of 61 percent as a result of a windfall tax imposed by the government on businesses to shore up its ailing finances. Industry analysts say...

Aristotle Onassis: Greece’s Larger Than Life Tycoon

Aristotle Onassis was one of the most famous Greeks in the entire world in the 20th century, a visionary and one of the richest men

Haiti: The First Country to Recognize Greece’s Independence

On January 15, 1822, Haiti located over 9,000 km (5,592 miles) away from Greece, was the first country in the world to recognize Greek independence from the Ottomans. The country's dedication to freedom and its commitment to fighting oppression is...