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Piraeus Bank Records Growing Profits During 2019

Piraeus Bank of Greece announced on Monday that it grew its net profit for the full year of 2019. This increase was aided by lower operating costs and higher net interest income. Piraeus Bank is Greece’s largest lender as measured by...

Greek Exports Show Signs of Standing Strong Against Global Turmoil

Greek exports have shown signs of withstanding external pressure and the economic and political turmoil that characterizes today's global economy. This was obvious according to the latest figures available concerning the country's exports for 2019, as published recently by the...

Greek 15-Year Bond Attracts Record Orders at Very Low Interest

With bids reaching a stunning 19 billion euros, Greece's first 15-year state bond offers book closed in very impressive fashion on Tuesday afternoon. The Greek state had initially intended to withdraw just 2.5 billion euros, but the investor's trust in...

Greece Launches 15-Year State Bond, Signaling Return to Financial Normality

Greece's Public Debt Management Authority announced the launch of a 15-year state bond in a statement released on Monday. The announcement came just 48 hours after the credit rating agency Fitch upgraded the country's credit rating to BB from BB-. This...

Greece Plans to Scrap Primary Residence Protection, Introduce Individual Bankruptcy

The Greek authorities are planning to introduce to the country's judicial system the institution of individual insolvency, in which a person is able to declare bankruptcy, liquidate his or her property and receive a second chance in life, free...

Greece Appoints Internationally-Recognized Experts to Shape Nation's Growth Plan

The Greek government announced on Thursday the formation of a special commission to draft a new "Growth Plan" for the Greek economy. The commission includes economists and executives who will combine their accumulated academic knowledge, international acumen, market knowledge and...

2019 Greek Budget Records Primary Surplus of Almost €5 Billion

The Greek state budget recorded a primary surplus of 4.96 billion euros in 2019, up from a budget surplus target of 4.4 billion and a primary surplus of 91 million euros in the same period in 2018, the Finance Ministry said...

Greece Enables Non-EU Entrepreneurs to Come and Do Business in the Country

An amendment facilitating the entrance of foreign, non-EU nationals who are entrepreneurs to Greece was brought before the Greek Parliament on Tuesday. The amendment, which is attached to the Foreign Ministry's draft legislation entitled "Regulations for the United Kingdom's withdrawal...

''Rebrain Greece'': Government Presents Pilot Program to Bring Professionals Back from Abroad

A new pilot program for the repatriation of at least five hundred Greek professionals with high qualifications and experience, dubbed "Rebrain Greece," was presented on Monday by the country's Labor Minister Yiannis Vroutsis. The program aims to work as a...

2019 Greek Primary Surplus Exceeds Target By Several Billion Euros

The Greek state budget recorded a primary surplus of 5.755 billion euros in the period from January-October, significantly exceeding budget targets for a surplus of 2.314 billion euros in the same period, the country's General Accounting Office said in...