Greece’s role in helping to improve transport and connectivity networks in the broader region of the Balkans, the Black Sea and the Southeast Mediterranean has become pivotal in recent years, Deputy Foreign Affairs Minister for Economic Diplomacy and Openness Kostas Fragogiannis noted on Wednesday.
Apple became the first company in the world to reach a market value of $3 trillion, buoyed by hopes over its expansion in new markets, Reuters reported on Monday.
Wholesale electricity rates may have fallen from €104.98 euros per megawatt-hour in May to €86.90/MWh in June (to date), but this significant reduction will not be reflected in the bills consumers will receive for July, based on kilowatt-hour prices announced by providers.
The new own resources package due to be published by the EU Commission on 20 June should include a tax on the wealthiest and on financial transactions, argue David Cormand, Rasmus Andresen, Monika Vana, Damien Carême and Claude Gruffat.
The management teams of Greece’s four systemic banks received a very positive welcome from the representatives of international institutional portfolios at the three-day European banking roadshow organized last week by Goldman Sachs in Paris, sources have indicated. Nonperforming loans, they said, are no longer at the center of discussions, as they were in the past, […]
A consortium of businesses and science and technology bodies, led by the Eunice group, has announced an investment of 11 million euros for the construction of a hub for the production and distribution of green hydrogen in Atherinolakkos, Crete.
The spread between interest rates on loans and deposits is decreasing significantly, mainly after the recent increases in interest rates on new term deposits by Greek banks, according to the Hellenic Bank Association (HBA).
The interest rate spread between new deposits and loans increased to 5.60 percentage points in April, as the weighted average interest rate on new deposits remained almost unchanged at 0.25%, while the corresponding rate on new loans increased to 5.85%, the Bank of Greece said on Tuesday.
The appointment of Mehmet Simsek as Turkey’s new treasury and finance minister at the weekend has sparked some investors’ hopes of a return to monetary orthodoxy in a country beset by soaring inflation. Despite yet another fall in the lira on June 5, markets hold him in high regard. That’s unlikely to be enough to […]
Greek tourism has been established as a pillar of stability and growth over the last years, despite the turmoil and difficulties it faced from the pandemic and the war in Ukraine, the outgoing president of the Greek Tourism Confederation (SETE), Giannis Retsos, told its 31st regular general assembly on Wednesday.
