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Economy

Attica Bank president Roumeliotis resigns

Attica Bank President Panagiotis Roumeliotis tendered his resignation on Wednesday afternoon, in a widely expected move, given that a board of directors meeting is scheduled for Thursday morning to accept the resignation. Roumeliotis, who as president of the non-systemic Athens-based bank attracted his share of criticism, including by the country’s …

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Strongest hiring outlook for Greece after 11 years

Employers in Greece reported the strongest hiring outlook in 11 years in the country, according to the latest survey by the Greek branch of staffing firm Manpower Group, which was released on Tuesday. Employment outlook for the second quarter of this year rose to 21 percent, up from 18 percent …

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German FinMin Scholz to block €970mn for Greece at Eurogroup

German finance minister Olaf Scholz (SPD) plans to block the release of 970 million euros for Greece at the Eurogroup meeting in Brussels on Monday. According to an internal memo of the German Finance Ministry obtained by daily Handelsblatt, the Eurogroup should postpone its decision [for the money release] at …

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Greece expands range of investments for Golden Visa Program

A new draft bill prepared by the Economy and Development ministry will add intangible investments into Greece’s Golden Visa program for third country, that is non-EU, citizens. The draft law on harmonising Greek legislation with an EU directive on commercial secrecy includes a regulation aiming to improve and to add …

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Apartment prices in Greece record a 2.5% increase in 2018

Data collected from credit institutions show that nominal apartment prices are estimated to have increased on average by 2.5% year-on-year in the fourth quarter of 2018, the Bank of Greece said in a press released issued on March 5.  The average annual increase in apartment prices was 1.5% in 2018, …

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Four Greek businessmen on Forbes 2019 List of Billionaires

Four Greek businessmen are among the Forbes List of Billionaires for 2019. The World’s Billionaires is an annual ranking by documented net worth of the world’s wealthiest billionaires compiled and published in March annually by the American business magazine Forbes. On rank #804 is Philip Niarchos, 65, art collector, with …

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