May 12, 2022
Greece, Politics
“The upgrade of Turkish arsenal by the USA is a problem,” Greece’s Foreign Minister Nikos Dendias told the Parliament on Thursday, during the debate on the Mutual Defense Agreement between Greece and the USA scheduled to be ratified today. In the shadow of the “rumored” decision of the Biden administration …
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February 4, 2022
FEATURED, Social, Society
On the World Cancer Day 2022, Greece’s health ministry announced to finally proceed a series of programs for oncology patients. Among others, these measures include “Home Care”, the upgrade of care for cancer patients via technology and a National Cancer Registry as Greece is one of the few European countries …
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December 3, 2021
FEATURED, Greece, Politics
The USA are preparing for the upgrade the military base of Larissa in Central Greece with new constructions and infrastructure improvement also with the aim to be able to host flying tankers from the Incirlik air base in Turkey. The project is been activated after Greece and the US signed …
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May 14, 2021
Economy
Τhe agreement for the procurement of advanced radio navigation systems for Greek airports was signed by Transport & Infrastructure Minister Kostas Karamanlis and French multinational company Thales in Athens on Friday, state news agency amna reported. As a manufacturer of aerospace technologies and defense security systems, Thales will provide 29 …
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February 7, 2020
Greece
The Stavros Niarchos Foundation (SNF) will proceed with a mammoth donation to improve health services in Greece. In the framework “Initiative for Health” that creates partnerships between the state and private organizations, the SFN will build two general hospitals, one children hospital and provide equipment to already existing hospitals. The …
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January 25, 2020
Economy
Fitch ratings agency on Friday upgraded Greece’s credit rating to ‘BB’ from ‘BB-‘, saying that GDP growth and fiscal prudence were leading to government debt remaining at sustainable levels. The upgrade puts the Balkan country two notches below investment grade. The ratings agency also upgraded its outlook to “positive” from …
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December 5, 2019
Greece
The Ministry of National Defense has submitted a bill to the Parliament including among others the upgrade of fighter jest F-16 and the Follow-On Support/FOS of Mirage-2000. The total cost exceeds half a billion euros. The draft law envisages enhancing the operational performance and dynamics of F-16 aircraft as proposed …
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October 26, 2019
Economy
Standard & Poor’s has upgraded Greece’s credit rating by one notch to BB- with a positive outlook, saying another upgrade could follow within the next year. The agency says a potential future upgrade would depend on the center-right government’s continuing to implement economic reforms and also on an improvement in …
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March 2, 2019
Economy
Rating agency Moody’s announced on Friday it has upgraded Greece’s sovereign credit rating by two notches to “B1” with a stable outlook, from the “B3” rating with a positive outlook it had granted Greece just over a year earlier. Economists expected this upgrade to assist Greece in its next foray …
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September 14, 2018
Greece, Politics
Τhe upgrading program for 85 F-16 fighter jets with the Block 70/72 Viper system will be formally launched on Monday, Lockheed Martin’s VP Business Development Initiatives in Europe Dennis Plessas said at a press conference in Thessaloniki. Revealing the time table of the upgrade, Plessas said that ” a great …
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August 11, 2018
Economy
Global rating agency Fitch Ratings upgraded the long-term foreign currency issuer default rating on Greece to ‘BB-‘ from ‘B’. The outlook on Greece is stable, Fitch said on Friday. Greece’s banking sector is getting better, Fitch noted, adding that the country’s relationship with its European creditors has “substantially improved”. The …
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May 11, 2018
Economy
Fraport Greece and Greece’s biggest telecoms provider Cosmote announced they have reached a deal to upgrade the telecommunication systems in 14 regional airports on Thursday. According to the announcements, Cosmote will install telecommunication system, upgrade telecoms and IT infrastructure at the airports facilities. Among others, Cosmote will offer a private …
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April 29, 2018
Greece, Politics
In an extraordinary meeting, Greece’s Government Council of Defense and Foreign Affairs (KYSEA) approved the program for upgrading 85 fighter jets F-16 of the Hellenic Air Force. The program is worth 1.1 billion euros and has been approved after the US accepted the Greek proposal for payment in installments. The …
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February 22, 2018
Uncategorized
In a surprise move, ratings agency Moody’s upgraded Greece‘s credit rating to B3 from Caa2, maintaining the positive outlook. Moody’s cited “material fiscal and institutional improvements” under the current adjustment programe, which will be sustained in the coming years. This should support economic recovery and banking sector. Furthermore, Moody’s said …
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January 20, 2018
Economy
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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October 18, 2017
Greece, Politics
Greece invests in the USA and not the other way around, as many have been waiting from the visit of Prime Minister Alexis Tsipras to the White House. President and Businessman Donald Trump announced the F-16 upgrade deal but also mentioned Greece’s interest to purchase “Boeing aircraft.” F-16 The US …
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October 17, 2017
Greece, Politics
U.S President Donald Trump said on Tuesday that his administration has informed Congress of a potential sale to upgrade the F-16 aircraft in Greece’s Air Force, a deal could be worth $2.4 billion. The U.S. State Department approved the possible sale on Monday. Trump spoke of the potential sale following …
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August 28, 2017
Economy
Fitch Ratings announced an upgrade of four Greek mortgage-covered bonds programmes issued by Alpha Bank, National Bank of Greece and Piraeus Bank to ‘B’ from ‘B-‘, as follows: – Alpha’s covered bonds upgraded to ‘B’ from ‘B-‘; Stable Outlook – NBG’s covered bonds Programme I (NBG I) upgraded to ‘B’ …
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March 3, 2017
Politics
Greece’s government does not intend to purchase F-35 Stealth Fighters, but upgrade the F-16 jets, Deputy Defense Minister Dimitris Vitsas said on Friday. Speaking to Skai TV, Vitsas said that one stealth costs 100 million euros. “Multiply the total cost on 5 also for maintenance, infrastructure etc…Do we have the …
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August 3, 2016
Economy
Ratings agency Standard and Poor’s upgraded Alpha Bank, Eurobank Ergasias, National Bank of Greece and Piraeus Bank to CCC+ from SD (selective default), with a stable outlook. The upgrade came after a further relaxation of capital controls in Greece from the beginning of the month, daily Kathimerini reported. “We view …
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