GREEK NEWS

Greek current account balance shows small deficit in Jan-Nov

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The central bank, in a monthly report, said that year-on-year, total exports of goods and services grew faster (9.7 pct) than the corresponding imports (6.7 pct) and the overall balance of goods and services did not change considerably. The primary and the secondary income account also did not record any remarkable change.

The deficit of the...

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IMF participation sine qua non for completing 2nd review, Eurozone sources say

One week ahead of the Eurogroup meeting on January 26, the working hypothesis in Brussels is that the IMF and the European institutions will find a common ground, the sources said. The institutions will then immediately return to Athens and the review will be completed with the IMF's participation before the next Eurogroup on February 20, ahead of...

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Energy minister, Climate Action Commissioner Cañete discuss emissions targets

Greece's industry needs protection from carbon leakage risk due to its proximity with non-EU countries that are not bound by zero-carbon economy commitments, Alternate Environment and Energy Minister Sokratis Famellos told European Commissioner for Climate Action and Energy Miguel Arias Cañete during their meeting on Thursday.

A ministry...

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Greek stocks end slightly down

Greek stocks ended lower in the Athens Stock Exchange on Thursday, reversing Wednesday’s upward reaction. The composite index of the market fell 0.15 pct to end at 642.51 points, with the Large Cap index rising 0.03 pct and the Mid Cap index falling 0.53 pct. Turnover was a thin 27.2 million euros in volume of 41.9 million euros.

Titan (2.07 pct),...

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ND lawmaker apologizes for homophobic statement

“If you watch television, which is available in every house, all successful examples [of people], 90 percent, are homosexuals. When the child sees that it goes up and up, it contracts it. It’s a contagious disease,” Giakoumatos told newspaper “Parapolitika”. His statement caused uproar by opposition parties and was fiercely criticized on social med...

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Court hears from retired Navy officer sued former PM over pre-election pledges

A First Instance Court discussed on Thursday a civil lawsuit filed by a retired Lieutenant of the Navy against former prime minister George Papandreou, in which he is requesting compensation totaling 260,000 euros for moral damage suffered from the latter’s pre-election pledges in 2009 which were not kept.

Panagiotis Stamatis claimed in court...

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Greek state to pre-pay energy consumption for 2017

The Greek state will pay in advance electricity consumption for next year in order to be included in a discount programe with a 6.0 pct benefit offered by PPC, with the aim to save money for state budget, Environment and Energy ministry officials said on Thursday.

The officials also offered more details over a ownership separation of ADMIE and said...

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