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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...

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...

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...

PM Mitsotakis Hails Establishment of Bank of China in Greece

The European section of the Bank of China officially opened its first branch in Greece after receiving an operating license from the Bank of...

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...

EU Commission Approves Greece’s Primary Residence Protection Plan

The European Commission issued a statement on Thursday morning in which it announced that the executive of the Union has approved Greece's plan for...

Reports Say Greek Banks to Axe Up to 4,000 Jobs in 2019

Greek banks are expected to cut up to 4,000 positions during the year 2019, various outlets in the Greek media reported on Monday. Most of...

Greek Parliament Votes in Favor of New Primary Residence Protection Bill

The Greek Parliament approved on Friday the new Primary Residence Protection bill which came up for discussion in the Parliament on Wednesday. Out of 231...

Piraeus Bank, Berliner Sparkasse Join Forces to Support Greek Entrepreneurs

Piraeus Bank has entered into a credit agreement with Berliner Sparkasse to help Greek companies which have a business relationship with German enterprises in the...

No Agreement on Primary Residence Protection Delays Eurozone Cash to Greece

The Euro Working Group concluded its meeting on Monday night without an agreement on when the Eurozone will release the first tranche of approximately...

Eurogroup Postpones Decision on Cash Disbursement to Greece

European officials postponed the decision on whether or not Eurogroup will authorize the already-agreed upon disbursement of cash to Greece until the next Euro-working...

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