GREEK NEWS

Greek SMEs confidence index up significantly, National Bank survey shows

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The business climate in Greece improved remarkably in the second half of 2017, with the Small- and Medium-sized Enterprises’ (SMEs) confidence index rising by 14 points, National Bank said in a survey.

The survey, focusing on the dynamism of exports of goods by Greek SMEs, said that industry was the driving force of economic growth helped by its...

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Greece launches tender to sell majority stake in Hellenic Petroleum

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Hellenic Republic Asset Development Fund (HRADF) on Wednesday launched an international tender to sell a majority stake in oil refiner Hellenic Petroleum.

In an announcement, HRADF said it will sell at least 50.1 percent in the refiner following an agreement between Hellenic Petroleum’s two major shareholders -HRADF and Paneuropean Oil and I...

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Greek growth to reach 2% this year, IMF’s World Economic Outlook report says

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The Greek economy will return to high growth rates as of 2023, when the targets for primary surpluses have receded, the International Monetary Fund (IMF) said in its April 2018 World Economic Outlook report, presented on Tuesday at its Spring Meetings in Washington, DC.

In the data for Greece, the IMF said Greece’s development rate was 1.4% in 2...

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Greek stocks rally for fourth successive session in the ASE on Tuesday

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Greek stocks continued moving higher in the Athens Stock Exchange on Tuesday, extending their rally for the fourth successive session during which the general index rose 4.71 pct. The index ended 1.96 pct higher to end at 836.94 points, off the day’s highs of 838.55 points.

Traders said market sentiment was encouraged by optimistic over an expected...

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Fitch sees ‘hybrid clean’ exit for Greece

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“Greece and its official creditors will seek a “hybrid clean” exit that will not include a precautionary credit line, but policies with significant commitments,” Fitch Ratings said in a report titled “Western Europe Sovereign Credit Review – 2Q 2018”, in which the credit rating agency assesses Greece’s exit from the support programme.

“Greece will b...

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There will be no more memorandums for Greece, Commissioner Moscovici says

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There will be no more memorandums for Greece. That was the message sent by European Commissioner for Economic and Financial Affairs Pierre Moscovici at the European Progressive Forum.

“Greece has gone through a lot since the dramatic days in the spring of 2010 and the turmoil in the summer of 2015,” Moscovici said, adding: “I have worked very well w...

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ELETAEN: The Aegean can make Greece a green energy exporter

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The Aegean Sea, with its potential to generate wind power, can make Greece an exporter of green energy and a valuable factor in Europe’s energy independence. This, combined with the installation of very large foreign and Greek investments in wind farms and interconnections to the islands and the Aegean sea, strengthens the international importance...

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Positive messages from ASTA Conference, Athens Destination Expo 2018

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Positive messages emerged from the ASTA conference, Athens Destination Expo 2018, held from April 14 to April 16, on the prospects of US incoming tourism.

Tourism Minister Elena Kountoura estimated that US tourists arrivals will exceed one million this year.

In the context of the conference events, with more than 500 participants that included 350...

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