September 18, 2018
Economy
Hellas Gold, the Greek subsidiary of Canadian Eldorado Gold, has filed an Application of Payment demanding a compensation of 750 million euros from the Greek state for delays in its investment project in Skouries. Prompt was the reaction by the Greek Energy Ministry that said Skouries was only one of …
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September 14, 2018
Economy
Taxation of American companies in Greece is not as major an issue as the lack of a stable taxation system, Greek-American business managers told Deputy Foreign Minister Terens Quick at a meeting in Thessaloniki on Friday. The meeting was held in the context of the 83rd Thessaloniki International Fair (TIF), …
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July 19, 2018
Economy
Greece tops the ranking of countries that have received investment by the European Fund of Strategic Investment (EFSI) relative to GDP. According to a press release issued by the European Commission, in the context of the famous Juncker Plan, Greece has received 2.7 billion euros from the EFSI that is …
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July 5, 2018
Economy
Sixty percent of CEOs of multinational companies operating in Greece expect that the country’s image as investors’ destination will improve in the next years. According to a survey conducted by Metron Analysis, 83% of the respondents said the taxation was the biggest obstacle for investing in Greece. The survey was …
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May 3, 2018
Economy
Greece has come leaps and bounds from the economic crises that blighted it earlier this century. But as the country emerges from a previously austere bail-out economy, it seeks to re-position itself. In particular, funding is being allocated to renewable energy to draw in new investment from intrigued international investors. …
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April 19, 2018
Economy
Greece’s Minister of Digital Policy, Telecommunications & Media, Nikos Pappas, is betting strongly on investments in ICT and innovation based sectors as seeing them as the key to the country’s future economic prosperity. Saying that Greece has arrived at the stage of having “a sound fiscal situation,” Pappas stresses that …
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April 17, 2018
Economy
Good news for more than five thousand Small and Medium Enterprises and Startup in Greece: €640 million will be made available in loan guarantees after new agreements signed by the European Investment Fund and National Bank of Greece. The package includes also €40 million in loans for 3,400 very small …
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January 10, 2018
Economy
Five amendments in the omnibus bill tabled at the Greek parliament reportedly aim to attract foreign investment, stimulate development and make it easier to launch business ventures. According to gtp.gr, in efforts to attract investment and facilitate the launch of business projects in Greece, the economy ministry has made five …
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November 30, 2017
Economy
Petrichor Capital Partners of London announced this week that it is considering an investment of up to 250 million euros in Greece over the next two years in order to develop a seaplane network, especially towards islands without airports. The specific commercial prospect has for decades been on the “drawing …
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November 23, 2017
Economy
The Dutch super market chain Spar will apparently return to the Greek market year through its participation in a consortium with local retailer Asteras, a year after the former ended its agreement with the Veropoulos group. The latter, in fact, sold its Greece operation to Metro S.A., but retained units …
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November 14, 2017
Greece, Politics
Superstar hedge fund manager Kyle Bass predicts investors are getting ready to pour billion into Greek economy once New Democracy leader, neoliberal Kyriakos Mitsotakis, takes the premiership from the hands of left-wing Alexis Tsipras. 15 billion euros in bank deposits will return and foreign investors will follow pouring billio9ns of …
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November 10, 2017
Economy
For one more time, Eldorado Gold said it would freeze investments in its Skouries gold mine in North Greece, taking a tough stand in its battle with the country’s government. The decision threatsn the jobs of 500 people. But how many people do really work for Eldorado Gold in Greece? …
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October 17, 2017
Greece, Politics
A couple of hours before Greek prime Minister Alexis Tsipras arrives at the White House, the administration of US President Donald sent a message: the US may boost investments in Greece. Economic and defense issues will be high on the agenda at the meeting of the two leaders, investment in …
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October 15, 2017
Greece, Politics
Hours before the meeting with US President Donald Trump at the White House, Prime Minister Alexis Tsipras spoke about the agenda of the talks and the importance of Greec ein the region. He called on investors to trust Greece. “Greece is a pillar of stability and security in the wider …
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October 4, 2017
Economy
Greece’s Central Archaeological Council (CAS) has declared 300 stremmata (some 30 hectares) of of Hellinikon investment plot as archeological site. Τhe decision refers to the North and North-East part of the investment project – the Xasani Hill, the area near the Tram garage – as well as an area outside …
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September 26, 2017
Economy
Apparently the Greek Civil Aviation Authority had left the 14 regional airports in the darkness. Therefore, when the German-Greek consortium FRAPORT took over last April, they found a total of 12,000 burned out bulbs in the fourteen regional airports. Fraport claims come just two weeks after the Greek Transportation Minister …
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September 20, 2017
Economy
Is the Greek economic crisis over? Below some observations by Project Manager/Business Analyst at Zacks Investment Research, Harry Kougias, A Greek expat in US, who spent 4 months in Greece this year. The Good Signs for Greece In July 2017, Greece held its first successful bond sale in 3 years, …
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September 18, 2017
Greece, Politics
Awkward message by the leader of Greece’s major opposition party, conservative New Democracy. “Social equality is against the human nature,” tribe leader Kyriakos Mitsotakis told Greeks at the International Trade Fair of Thessaloniki on Saturday. “I have no illusions about a society without inequalities, something like that is against the …
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August 31, 2017
Economy
Foreign investors have brought more than one billion euros in Greece in the last seven months, deputy Economy and Development Minister Alexis Charitsis said. In the equivalent time period in 2016, the amount was €200 million. Another 5 to 6 billion euros are expected to come through the package of …
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August 23, 2017
Economy
German finance minister Wolfgang Schaeuble was always against a common European debt, against Eurobonds and new support programs for the European South. He seems to have made a U-turn. As expected not without strict measures and concessions. According to German daily BILD, Schaeuble is working on a proposal that would …
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