Greek banks increase funding of shipping
Greek banks continue to increase financing to shipping companies, contrary to the European trend that shows a limitation of banks’ exposure to the sector.
ECONOMY
-
ECONOMY
July 9, 2023 -
ECONOMY 
July 7, 2023 Greece pivotal in boosting Balkan networks
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.
-
ECONOMY
July 3, 2023 Apple Becomes First $3 Trillion Company
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.
-
ECONOMY
June 23, 2023 Little change in Greek power rates for next month
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.
-
ECONOMY
June 19, 2023 The EU needs to tax the wealthiest and financial transactions
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.
-
ECONOMY
June 18, 2023 Positive feedback for banks at Paris roadshow
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, […]
-
ECONOMY
June 15, 2023 Green hydrogen production investment on Crete
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.
-
ECONOMY
June 8, 2023 Banks defend their rate spread
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).
-
ECONOMY
June 7, 2023 Interest rate spread at Greek banks widened in April
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.
-
ECONOMY
June 6, 2023 Turkey’s new economic broom has too much to tidy
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 […]
