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Tag Archives: price

Greek consumers price index slows to 0.5% in Jan, despite increases in food

Greece’s annual EU-harmonised inflation rate slowed in January, statistics authority ELSTAT announced on Thursday. Inflation was at 0.5% in January 2019, despite the fact that prices in food and non-alcoholic beverages recorded an increase of 1.9% The data showed the headline consumer price index also decelerated to 0.4 percent year-on-year …

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Eurobank to sell €1.5bln bad loans to Swedish hedge fund Intrum

Eurobank , Greece’s third largest lender, said  it will sell a 1.5 billion euro pool of non-performing loans to Sweden’s Intrum, as part of efforts to reduce its load of sour debt and meet targets agreed with regulators. Greek banks are burdened by soured loans clogging up their balance sheets …

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Sold for just €45million: Italian Railways buy Greece’s TRAINOSE

Greece accepted on Thursday a 45-million-euro (£37.5 million) bid submitted by Italy’s state railways for its state rail company TRAINOSE, Greek state media reported. Italy’s state railways Ferrovie dello Stato [IPO.FERR.MI] last week submitted the sole binding bid for TRAINOSE, which is being sold under the government’s privatisation programme. The …

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Cheap natural gas for all! Greece – Gazprom reach price reduction deal

Greece’s  state-run natural gas distributor DEPA and Russian energy giant Gazprom reached an agreement on gas supply with price cuts backdated to last June. The deal announced by Greek Environment Ministry on Tuesday will have immediate impact to private consumers and industry. Greece’s state-run natural gas distributor DEPA said that …

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Athina Onassis sells legendary Skorpios to Russian billionaire’s daughter

Skorpios: the small island on the Ionian Sea, where legendary tycoon Aristoteles Onassis married Jacqueline Kenndy, changes ownership. Half a century after Onassis purchased the island,  his granddaughter Athina, 28, sold it to Ekaterina Rybolovlev, 24, daughter of Russian billionaire Dmitry. After several days of scenarios circulating in the Greek press, …

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Greeks at Risk to Spend Tough Winter Without Heating Oil

Thank God, temperatures are still mild for this time of the year,  thank God many bought heating oil last spring before the price hikes. Then the raw between Finance Minister and representative of gas station owners threatens to force millions of households to spend a rel tough winter. Apart from the fact …

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