ENGLISH EDITION

ENGLISH EDITION

Plaque commemorating tragic deaths of 2010 Marfin Bank arson attack put up in Athens

Unidentified protestors, whose identity has yet to be confirmed, threw fire bombs into the bank's entrance, starting a fire while people were still inside.

09 Μάιος 2020 12:44

ENGLISH EDITION

Oligopoly, not taxes, to blame for high telecom charges in Greece-survey

According to the survey, mobile phone tariffs in Greece are among the highest in Europe and the country remains the least competitive in the EU and OECD in this sector. Interestingly, the report was commissioned by the Competition Commission and not by the National Telecommunications and Post Commission (EETT), which has been monitoring developments in the domestic market for years.

08 Μάιος 2020 15:05

ENGLISH EDITION

Pace picks up on Greece's bad bank plan

In the next few days, EPATH (the BoG's Committee on Credit and Insurance Issues) will consider the plan to create a special scheme for the management of non-performing loans. This will be followed by an in-depth examination of the plan's technical aspects with BoG consultants, followed by presentations and discussions with investors and market players to test its operational aspects and the response of markets.

07 Μάιος 2020 15:17

ENGLISH EDITION

Tender for underground natural gas storage unit off Kavala seen in summer

A move that is the first step in launching the tender for the concession of the facility, one of the many links in the ambitious plan to turn northern Greece into a strong regional energy hub, along with the Alexandroupolis FSRU and the TAP, IGB pipelines. In the underground infrastructure, it will be possible to store, in exchange for a price, of course, natural gas for a long time, a possibility that does not exist today in Greece, despite this being provided in many other European countries.

06 Μάιος 2020 13:45

ENGLISH EDITION

Record year set for 2020 with new loans seen above 15 bln euros

According to the Bank of Greece data, the net flow of business financing amounted to 1.86 billion euros in March, compared with a positive net flow of 462 million euros in February, with the annual rate of change increasing to 3.6 percent from 1.4 percent. Businesses in a healthy financial position and with a good credit profile rushed to boost their liquidity, by drawing liquidity from lenders. Additionally, banks have extended loan limits to healthy businesses to shield them from the effects of the crisis.

05 Μάιος 2020 14:00

ENGLISH EDITION

Bank of Greece favors bad bank solution for NPL problem

The bank's technocrats examined in detail all the alternatives for tackling the problem (maintaining the current strategy of loan securitizations, capital increases, bad bank, etc.) and concluded that creating a single bad bank achieves maximum efficiency, as it also achieves the largest reduction in non-performing loans per unit of capital.

04 Μάιος 2020 07:15

ENGLISH EDITION

Health Minister Kikilias: Our aim is 1,200 beds in ICUs

He said that currently Greece has 1,017 beds in ICUs, 840 of them in public hospitals, 145 in private clinics and 32 in military hospitals. 352 of them are for COVID-19 patients.

03 Μάιος 2020 15:19

ENGLISH EDITION

The rules in public transport from Monday: We move with responsibility, we stay safe

Only one passenger is allowed in taxis with exception parents with children and persons accompanying persons with disabilities and of course with the use of face masks.

03 Μάιος 2020 13:24

ENGLISH EDITION

US Ambassador Pyatt: Greece's effective management of the pandemic gained international praise

We are looking forward to increasing the collaboration in a wide range and we will continue to stand on Greece's side as it is addressing this global economic shock with success".

02 Μάιος 2020 15:06

ENGLISH EDITION

Tourism Min Theocharis: Road tourism may support the opening of the tourist market

On the other hand, he underlined that the "road tourism is not the best kind of tourism so, we would not like this year's tourism to be confine to this tourism".

02 Μάιος 2020 13:01

ENGLISH EDITION

Greek economy to shrink by 4.7% in 2020 due to the pandemic

According to the ministry, the Greek economy suffers a triple shock: one temporary but very strong shock in supply. A lockdown reduces production of goods and services, along with incomes of producers and labour force, a very strong shock in demand as a lockdown reduces consumption and third a very strong shock of uncertainty since both the duration and intensity of the phenomenon were unknown.

01 Μάιος 2020 19:56

ENGLISH EDITION

Bad loans to rise more than 10 pct; Small businesses send SOS

Participating in the online discussion organized by Tsomokos Digital was George Georgakopoulos, Intrum Hellas managing director, Theodoros Kalantonis, chairman of FPS, Fotis Kourmousis, Special Secretary for Private Debt Management, Panos Paleologos, founder and president of Hotel Brain and Giannis Chatzitheodosiou, head of the Athens chamber of tradesmen.

30 Απρ 2020 15:31