Greek Economy to Receive Enormous Boost From EU Recovery Plan

  The Greek economy will receive a major boost over the coming years from the historic European Union decision to create a recovery fund, titled...

Greece Records 6-Billion Euro Primary Deficit for First Half of 2020

  The Greek state budget recorded a primary deficit of 6.101 billion euros in the first half of 2020, from a budget target for a...

Piraeus Bank Finances Acquisition of Five Hotels on Crete

Piraeus Bank, Greece's largest lender, announced on Thursday it has financed the acquisition of five hotels in resort locations on the island of Crete...

Greeks Appeal To Nicosia Lawmakers For Return of 300 Million Euros

Nearly 1,000 Greeks are seeking the return of 300 million euros, which were confiscated by the Republic of Cyprus in 2013. The Greek depositors delivered...

Piraeus Bank Successfully Completes 500-Million-Euro Bond Issue

Piraeus Bank officially announced the successful issue of a 500-million-euro Tier 2 bond with institutional investors at a coupon of 5.50 percent on Thursday. The...

2019 Proves to Be the Best Year for Greek Stocks in Two Decades

Barring any unforeseen turbulence which might occur in the very last days of 2019, the Athens Stock Exchange (ATHEX) is set to celebrate its...

Piraeus Bank Raises More Than Three Million Euros From Property Sales Via E-Bidding

Piraeus Bank, Greece largest lender, announced on Friday that it has completed its eighth round of e-bidding in November, approving the sale of 30...

Piraeus Bank Announces New Auction for Greek Real Estate Properties

Greek banks have intensified their efforts to sell properties owned by them through auctions after the summer lull, which was largely caused by the...

EU Approves Greece’s Plan to Reduce Bad Loans

The European Commission approved on Thursday a Greek plan to reduce its bad loans at the country's banks by up to 30 billion euros...

Greece’s Piraeus Bank Commits to Collective Action on Climate Change

Piraeus Bank, the largest lender in Greece, announced on Thursday its participation in a climate change initiative created by thirty-one banks around the world. The...

Piraeus Bank Joins Multi-Million-Euro Investment Program for Greek Infrastructure

Piraeus Bank, Greece's biggest lender, announced on Wednesday that it will support a new 650-million-euro ($716 million) infrastructure investment program developed by the Hellenic...

Kick-Starting Stalled Investments Will Give Much-Needed Boost to Greek Economy

Greece’s financial crisis is still affecting the hopes and dreams of the people that live in the country, as it has been in economic...

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