banks
Environment
Greece's Piraeus Bank Commits to Collective Action on Climate Change
Piraeus Bank, the largest lender in Greece, announced on Thursday its participation in a climate change initiative created by thirty-one banks around the world.
The banks participating in the “Collective Commitment to Climate Action,” which represent total assets of $13...
Economy
EU Commission Approves Greece's Primary Residence Protection Plan
The European Commission issued a statement on Thursday morning in which it announced that the executive of the Union has approved Greece's plan for protecting the primary residence of Greek citizens from foreclosure.
The statement notes that the Greek plan...
Business
Reports Say Greek Banks to Axe Up to 4,000 Jobs in 2019
Greek banks are expected to cut up to 4,000 positions during the year 2019, various outlets in the Greek media reported on Monday.
Most of the reductions, as has happened in the past, are not expected to come through outright...
Economy
Greek Parliament Votes in Favor of New Primary Residence Protection Bill
The Greek Parliament approved on Friday the new Primary Residence Protection bill which came up for discussion in the Parliament on Wednesday.
Out of 231 MPs who participated in the vote, 194 voted in favor of Article 68, which incorporated...
Business
Piraeus Bank, Berliner Sparkasse Join Forces to Support Greek Entrepreneurs
Piraeus Bank has entered into a credit agreement with Berliner Sparkasse to help Greek companies which have a business relationship with German enterprises in the greater Berlin area. Berliner Sparkasse is one of the largest savings banks in Germany, and Piraeus...
Economy
No Agreement on Primary Residence Protection Delays Eurozone Cash to Greece
The Euro Working Group concluded its meeting on Monday night without an agreement on when the Eurozone will release the first tranche of approximately one billion euros to Greece.
This amount of money is the first tranche of approximately €4.8...
Economy
Eurogroup Postpones Decision on Cash Disbursement to Greece
European officials postponed the decision on whether or not Eurogroup will authorize the already-agreed upon disbursement of cash to Greece until the next Euro-working group in March 25.
The Eurogroup postponed the decision on disbursement because of a delay in...
Business
Greece to Expand ''Golden Visa'' Granting Criteria
The Greek Ministry of the Economy brought a bill to the Parliament on Friday, with which it intends to broaden the criteria of the ''Golden Visa'' program.
After the bill is voted on, the Greek State will be able to...
Economy
Piraeus CEO: Greek Banks to Significantly Reduce Bad Loans by 2021 (VIDEO)
The high level of bad loans in Greece is still the largest economic issue that the embattled nation needs to focus on, the head of Piraeus Bank told the American television network CNBC on Monday.
Christos Megalou said that there...
Economy
Greek Government to Subsidize Rent For 300,000 Poor Families
The Greek Ministries of Labor and Finance are expected to co-sign a framework to establish a rental subsidy plan for more than 300,000 families having low incomes.
Applications for the new program will be submitted online, and the Greek Government's...