Greece Gets EUR15bn Aid, Must Implement EUR50bn Privatization Program

EU/IMF/ECB officials pinpointed both progress and delay in the implementing of the fiscal program that Greece follows, while they said that the country must...

NEL Lines Joins Forces with Turkish Company

Turkish company Rhea Venture Capital Investment Trust Inc. and Greek NEL Lines joined forces with hopes to acquire The Istanbul Fast Ferries Co. Inc.,...

Jan 2011 Consumer Price Index Increased By 5.2% On Year

The Hellenic Statistical Authority announces on Thursday that the Consumer Price Index (CPI) in January 2011 compared with January 2010, increased by 5.2%, while...

Ministry of Finance Announces March 4th Debt Collection Deadline

Liability dues totaling 5.8 million Euros are owed by citizens living abroad with real estate property on fair market value territory of 283.8 million...

Greece Sold EUR390mn Six-Month T-Bills

Greece sold EUR390mn of six-month treasury bills, during an auction of EUR300mn on Tuesday, according to a Greek debt agency report. The total bids reached...

Fitch Expects Greek Real-Estate Prices To Decline By 15%

Fitch Ratings said that Greek real-estate prices are expected to decline 15% over the next two years as interest-rate increases make it harder for...

Greece Confident On Fourth EU/IMF Aid Tranche

A government official said that Greece is confident it has made enough progress on implementing its consolidation programme in order to achieve the release...

Greece Auctions 26-Week T-Bills On February 8

Greek debt agency announced on Friday that the Hellenic Republic will auction 26-week Treasury Bills, in book entry form on February 8, 2011. The amount...

Eurobank Announces Partnership With RBI In Poland

EFG Eurobank Ergasias has agreed to form a partnership with Raiffeisen Bank International AG in relation to their Polish operations. The terms of the...

OTE Ready to Sell 20% Stake in Telekom Serbia

The Greek OTE company has informed the Serbian government that it was ready to sell its 20% stake in Telekom Serbia, reports radio B92....

Former U.S. Ambassador to Greece Speckhard Leads Greek Proton Bank

Small Greek lender Proton Bank picked former U.S. ambassador to Greece, Daniel Speckhard to head its board of directors. Former ABN AMRO executive Rudolf...

Greece in Talks with EU & IMF on Debt Restructuring Strategy

Greece is in talks with the European Union and the International Monetary Fund on a debt restructuring package, according to The Financial Times. The scheme...

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