ENGLISH EDITION

ENGLISH EDITION

Greek stocks end 1.99 pct higher - The general index at 855.95 points.

Greek stocks ended sharply higher in the last trading session of the week in the Athens Stock Exchange on Friday, amid a positive climate prevailing in international markets on investor optimism over a positive outcome in a trade dispute between US and China.

12 Οκτ 2019 13:24

ENGLISH EDITION

Parliament's Budget Office report: 2020 draft budget compatible with fiscal goals, uncertairties remain

The 2020 draft budget plan tabled in Parliament by the Greek government is compatible with achieving the fiscal goal for a primary surplus, the Parliament's Budget Office said in a report on Friday. However, the report noted there were uncertainties related with the room to save operating spending, the efficiency of incentives for e-transactions and the height of the growth rate.

11 Οκτ 2019 20:44

ENGLISH EDITION

Lamda to offer low prices on 10,000 Hellinikon apartments

Speaking to shareholders at an extraordinary general assembly on Thursday, Lamda boss Odysseas Athanasiou presented the company's investment plan for the 10,000 apartments that will be built in the seaside complex. Prices for most of the apartments will sell for around 3,500 euros to 4,000 euros per square meter.

11 Οκτ 2019 12:17

ENGLISH EDITION

Corinth Pipeworks to manufacture pipelines for Greece-Bulgaria natural gas project

Corinth Pipeworks, a subsidiary of Cenergy Holdings, will construct the steel pipes for the Gas Interconnector Greece-Bulgaria (IGB) that will plan, build and manage the natural gas pipeline, a project linking Komotini in northern Greece and Stara Zagora in Bulgaria, with projected connections to other pipelines such as the Trans Adriatic Pipeline and the natural gas grid of Greece.

11 Οκτ 2019 10:52

ENGLISH EDITION

Incentives to boost construction activity disappoint

Expectations are dropping among investors and real estate officials about the impact the government's recently announced incentives will have on the construction sector. Some in the business are even calling on the government to change the measures before they are voted on by lawmakers on the grounds that they will have little, or no impact, on building activity and are more trouble than they are worth.

10 Οκτ 2019 12:48

ENGLISH EDITION

Commission approves market conform asset protection scheme for banks in Greece

The European Commission has found Greek plans aimed at supporting the reduction of non-performing loans of Greek banks to be free of any State aid. The Commission found that, under the asset protection scheme (known by the name of “Hercules”), the Greek State will be remunerated in line with market conditions for the risk it will assume by granting a guarantee on securitised non-performing loans.

10 Οκτ 2019 11:38

ENGLISH EDITION

Greece and Bulgaria to sign IBG natural gas pipeline agreement in Sofia on Thursday

Environment and Energy Minister Kostis Chatzidakis has departed for Sofia to sign an agreement about the Gas Interconnector Greece-Bulgaria (IGB) with his Bulgarian counterpart, Temenuzhka Petkova, on Thursday. Following the signing of the bilateral IGB agreement, the delegations of the two countries will attend a working luncheon.

10 Οκτ 2019 09:10

ENGLISH EDITION

Greece can achieve ambitious growth goal set in 2020 budget-Moody's

Greece can achieve a 2.8 percent economic growth rate forecast in its 2020 budget draft if foreign investment activity picks up, says Kathrin Muehlbronner, Senior Vice President at Moody's Investors Service, in comments to Business Daily on Wednesday.

09 Οκτ 2019 14:48

ENGLISH EDITION

Property deals boost the road to Piraeus in Athens

The face of Piraeus Street, one of the busiest roads in Athens, is set to change. A series of property investments on the road, connecting the port of Piraeus with the city center, has been announced for the next two years from investors such as US Hines and Greece's Viohalco group, along with state bodies such as the Athens municipality.

09 Οκτ 2019 13:08

ENGLISH EDITION

Greece raises 1.5 billion euros from reopening of 10-year bond issue, yield set at 1.5 pct

Greece raised 1.5 billion euros from the reopening of a 10-year bond issue, with the yield of the bond set at an historic low of 1.5 pct. What is more important is the increased participation of institutional investors in the bookbuilding process that markedly limited the participation of hedge funds.

08 Οκτ 2019 22:19

ENGLISH EDITION

Investors scratch their heads over Greek banks, bad loan plans

A number of fund managers believed recently that Greek banks had turned the corner and started building positions in the sector. But most of them now looking over their portfolios in disappointment, realizing that there is a massive gap between preparing a proposal that will improve the balance sheets of lenders and implementing it. What did go wrong.

08 Οκτ 2019 11:34

ENGLISH EDITION

Greece sees economic recovery picking up in ambitious 2020 plan

The budget sees gross domestic product expanding by 2.8 percent in 2020, versus a previous forecast of 2.3 percent in the country's mid term plan. This year, however, Greece's growth forecast will miss the mark, with expansion seen at 2 percent, as opposed to the 2.3 percent target previously set.

07 Οκτ 2019 15:13