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Economy

S&P upgrades Greece by one notch from “B-” to “B”

S&P Global Ratings on Friday raised Greece’s foreign and local currency long-term sovereign credit ratings to ‘B’ from ‘B-‘, citing improvements in the finances and fiscal outlook for the debt-laden south-eastern European nation. “Our ratings on Greece are supported by the unusually low cost of servicing much of its general …

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The IMF insists on debt relief measures for Greece

The IMF Board will need to meet again to reach the final decision to activate the programme in Greece, clarified Gerry Rice, the Press Representative of the Fund, while speaking to reporters on Thursday. He reiterated that the decision is based on two parts: reforming progress and debt alleviation that will …

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EU official: Greece closing in on end of bailout years

A senior EU official says Greece is within reach of ending its Herculean bailout program which saved it from the brink of bankruptcy. The official said Thursday that eurozone finance ministers meeting next week had “a great willingness to say that, basically, nearly everything had been done” to complete its …

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Eldorado Gold reports in-line 2017 gold production incl projects in Greece

Shares in Eldorado Gold were slightly up on Tuesday after the company announced full-year production that came in line with production guidance, but suspended its semi-annual dividend payment “pending the results of the technical reports and potential subsequent capital requirements.” In a press release, the Vancouver-based miner revealed that, including …

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Greece’s inflation eases in December, says ELSTAT

Greece’s consumer price inflation eased in December after accelerating in the previous month, figures from the Hellenic Statistical Authority showed Friday. Consumer prices climbed 0.7 percent year-over-year in December, slower than the 1.1 percent increase in November. The measure has been rising since January. Transport costs grew 4.9 percent annually …

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Dijsselbloem: Tsipras and Tsakalotos made things much easier

“Prime minister Alexis Tsipras and, of course, [current finance minister] Euclid Tsakalotos, have completely changed the relationship with the European partners. Almost everything has been easier since . . . it’s a completely different situation,” outgoing Eurogroup chief Jeroen Dijsselbloem said in an interview to Financial Times. He said further that he never backed …

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Germans remind the ECB that it urgently needs to change

With this and that on the festive days we forgot European institutions that urgently need to reform. At least, the Germans did not forget the issue and for one more time the criticized the European Central Bank. Even though the former German finance Minister Wolfgang Schaeuble remains quiet awaiting the …

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Greece’s Winter Sales kick start on Jan 8th 2018

Extended Winter sales aiming to boost the retail market start in Greece on Monday January 8th 2018 and will last until 28 February. According to the legislation, retail shops may open also on the first Sunday of the Winter sales, on January 14th from 11 a.m. to 08:00 p.m. Retailers …

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