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Economy

Number of debtors to Greek state increased over summer

Almost 600,000 Greeks were added to the long list of state debtors over the summer, according to a report by the Parliamentary Budget Office (PBO), with experts viewing this as a sign of deterioration for the private economy in Greece. The PBO quarterly report for the July-September 2018 period noted …

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EU approves Greece and Bulgaria natural gas interconnector

The EU competition regulators have approved a plan by Greece and Bulgaria to build and operate a natural gas interconnector with public funds. The European Commission said on November 8 that Bulgarian and Greek plans to support the construction and operation of a 182km cross-border gas interconnector (“IGB”) between Komotinin …

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Eurobank to buy Piraeus bank subsidiary in Bulgaria

Greek bank Eurobank Ergasias said on November 7 that it reached an agreement to buy the Bulgarian subsidiary of fellow Greek lender Piraeus Bank for 75 million euro. The acquisition would be done by Eurobank’s Bulgarian unit, Postbank, and is expected to close in the first quarter of 2019, subject …

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Greece November Sales, Black Friday and Cyber Monday

November sales have been launched in Greece and will remain in effect until November 10th 2018. On Sunday, November 4, shops will be open from 11 o’ clock in the morning until 6 o’ clock in the afternoon, whereas multi stores will remain open until 8 o’ clock in the …

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