GREEK NEWS

PM Tsipras: Greece needs a stable and sustainable solution on debt

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According to government sources, the prime minister said that significant steps have been taken on the debt issue and serious reforms have been carried out. He also underlined that the Greek economy has already shown signs of recovery.

Tsipras stressed that Greece needs a stable and sustainable solution on the debt issue so that investments are...

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PM Tsipras: Refugee crisis a global challenge

The refugee crisis we are facing today is a global challenge. We will either manage to address it together and according to the international law, or we will fail," Prime Minister Alexis Tsipras said in his speech to the Summit of Leaders on the refugee issue chaired by US President Barack Obama, whom Tsipras thanked for the initiative.

Tsipras...

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The challenge of the Greek corporate bond market

A decision by Housemarket, a subsidiary of Fourlis Group, to issue a bond loan through a public offer scheduled for September 28-30, combined with a refinancing of an existing bond loan by Intralot, offered new life in the Greek corporate bond market, as bond yields significantly surpassed deposit interest rates and the yields of state securities.

T...

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Pavlidis reports best results in 36 years in 2015

Pavlidis SA Marble-Granite, the top marble sector company in Greece, reported the best results in its 36 years of history in 2015. Turnover was 50.5 million euros, up 24.4 pct from 40.6 million in 2014, while EBITDA jumped 35 pct to 22 million euros from 16.3 million over the same periods, respectively. These results combined with a general...

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Greek budget records 3.756-bln-euro primary surplus in Jan-Aug

The Greek state budget recorded a primary surplus of 3.756 billion euros in the January-August period this year, from a surplus of 3.798 billion in the same period last year and a budget target for a surplus of 980 million euros, official figures showed on Tuesday.

In the eight-month period revenue surpassed targets by 494 million euros, while in...

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Greek stocks end slightly higher

Greek stocks ended slightly higher in the Athens Stock Exchange in thin trading conditions on Tuesday, as investors remained on the sidelines. The composite index of the market rose 0.56 pct to end at 560.59 points, off the day’s highs of 560.85 points. The Large Cap index rose 0.84 pct and the Mid Cap index eased 0.50 pct. Turnover was a thin 2...

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