ENGLISH EDITION

ENGLISH EDITION

Ellaktor plunges amidst management, earnings concerns

Construction company Ellator is facing growing challenges after talk of changes to its top management, and that of subsidiary Aktor, drove the stock more than 35 percent lower on the Athens bourse in the last few days. The company denies the speculation. Mid-session on Friday, shares were off some 5.5 percent on the Athens bourse trading at around 0.78 euros, after plummeting 20 percent on Thursday. This brings losses to some 65 percent since hitting a twelve month high of 2.25 euros in August.

06 Μαρ 2020 14:52

ENGLISH EDITION

Condor Airlines to operate 150 flights to Greece each week

Tourism Minister Haris Theoharis had a series of meetings with several German government officials during his visit to Berlin, as well as senior Condor Airlines executives, who informed him that the airline has 150 scheduled flights to Greece each week, to 16 different destinations in the country. Theoharis was in Berlin on Thursday.

06 Μαρ 2020 12:58

ENGLISH EDITION

Greece updates Hercules plan on make-or-break detail

The move aims to meet demands made by the European Central Bank (ECB ) calling for additional guarantees to be provided for the securitized assets to carry a zero risk weighting amidst resistance from Greece to put up cash to meet this condition. Above all, the updated plan aims to solve a crucial technical problem: avoid triggering the negative pledge clause included in Greek government bonds in a development that could have serious consequences for the economy.

05 Μαρ 2020 13:40

ENGLISH EDITION

Commissioner Schinas outlines assistance proposal for Greece

Schinas stressed that following the Tuesday visit of the three presidents of EU's top institutions to Evros, the Union sent a "resounding message of support to Greece," a country facing an "unprecedented challenge."

04 Μαρ 2020 22:10

ENGLISH EDITION

Greek tourism tested by coronavirus, bookings drop sharply

Greek tourism has already been hit by cancellations of bookings from Chinese tourists, but the problem is spreading to other markets. The Tourism Ministry had been planning for a sharp increase in Chinese visitors but targetted growth for 2020 is off the table.

04 Μαρ 2020 13:00

ENGLISH EDITION

Tsipras on border situation: 'We are facing a geopolitical threat byTurkey'

"Greece must seek substantial EU support, as these people do not come here to stay on Lesvos or Limnos islands, they are coming to move on through to the rest of Europe," SYRIZA leader Alexis Tsipras said in comments on the unfolding Greek-Turkish border migration crisis on Mega TV station, on Tuesday evening.

04 Μαρ 2020 07:32

ENGLISH EDITION

Greek gov't ready to take specific measures to deal with impact of coronavrius, FinMin says

"We aredealing with the problem with responsibility, we are examining the consequences of the problem, we are reviewing all alternative solutions and we have specific measures for each scenario in an emergency," the Greek FinMin said, adding that Greece was coordinating its contacts with representatives of the economy currently affected, or likely to be affected, by the spreading of the coronavirus, in order to take the necessary actions.

03 Μαρ 2020 20:50

ENGLISH EDITION

Orange Grove boosts startup action plan out of Athens

From 2013, Orange Grove, which has been set up by the Nederlands embassy in Athens, has worked with more than 180 teams on innovative ideas or startup businesses. It offers services relating to their guidance, networking, and education, with the help of foreign and Greek volunteer mentors, that come from the startup ecosystem or corporate world.

03 Μαρ 2020 15:24

ENGLISH EDITION

Measures to guard Greece's eastern borders to be stepped up to maximum, KYSEA meeting decides

"In recent days, Greece has suddenly come under mass, organised and coordinated pressure from the movement of populations at its eastern land and sea borders. This movement is directed and encouraged by Turkey. These actions are taking place in violation of its obligations under the EU-Turkey joint statement. Turkey, instead of controlling the migrant and refugee trafficking rings has itself become a trafficker," Petsas said in a statement.

02 Μαρ 2020 14:43

ENGLISH EDITION

Greece's economic growth target for 2020 fades due to coronavirus 

Analysts, business and bank officials described the coronavirus as posing a serious risk to the macroeconomic environment, meaning that Greece is less likely to achieve its target for economic growth of 2.8 percent for this year. Experts point to a 0.1 percent cut to forecast global growth for this year by the IMF, which also reduced its estimate for China's economic expansion by 0.4 percent.

28 Φεβ 2020 14:52

ENGLISH EDITION

Greece's vulnerable homeowners to get permanent help with mortgage

The European Commission's Enhanced Surveillance Report on Greece outlines the country's plans to support those who have not sought the protection of their primary residence under the household insolvency (Katseli) law but renegotiated the terms of their loan in a bid to avoid losing their home.

27 Φεβ 2020 15:35

ENGLISH EDITION

Court decision raises doubts about Eldorado Gold's future in Greece

Eldorado must convince the Environment and Energy Ministry with a new study that it's gold mining techniques are safe for the environment. If it fails to do so, the investment will be at loose ends as the gold mine is at the center of its investment in northern Greece. So far there has been no comment from the Canadian company, nor has there been any announcement on how it will overcome this obstacle.

26 Φεβ 2020 13:32