Greek Banks
Economy
Moody's Upgrades Greece's Credit Rating
AP - Moody's ratings agency late Friday upgraded Greece 's government bond rating, predicting a gradual decline of its massive national debt.
The agency is also citing a continued commitment by the bailed out country's conservative-led government to improve public...
Economy
IOBE Says Greek Economy Will Grow by 0.7%
The Foundation for Economic and Industrial Research (IOBE) reported on Wednesday that the Greek economy should grow by 0.7% this year but the increasing unemployment rate is likely to drop less than originally estimated.
IOBE, Greece's leading economic think tank, had earlier predicted a small growth for...
Economy
Greek Ministry Protects Social Dividend from Banks
The total amount of money paid to 200,000 beneficiaries as a social dividend sums up to 133.2 million euros. Up to 205,912 households had already applied until the end of the first deadline, initially set May 3. Successful applicants...
Business
BoG Data: Cash Flow in Greek Economy Down 4%
The recovery of the Greek economy may be around the corner, but the country’s banks still seem to be tightening credit, thus draining Greek companies of vital cash flow.
Last year, the Bank of Greece (BoG) made clear that new loans would be issued...
Economy
Stress Test: Greek Banks Show €5 Billion Capital Need
According to a second stress test conducted in the recent months by the Bank of Greece, the leading four banks of the country are expected to need a total of about €5 billion in extra capital.
The Greek central bank...
Economy
Greek Banks Relieved by Freeze on Foreclosures
The American newspaper, The Wall Street Journal, commented on the recent decision of the Greek government to extend for one more year, the suspension of foreclosures on primary residences.
The vote on the law governing foreclosures is described as an...
Economy
Greek Banks Plan for "in the red" Loans
Greek banks have reached a complex plan in order to deal with loans "in the red."
According to the newspaper "Ethnos," Greek banks will move based on their own criteria. This means that they will only take into consideration the...
Economy
Moody's Takes Positive Rating Actions on Five Greek Banks
Moody's Investors Service has today upgraded the long-term deposit and senior debt ratings of Piraeus Bank SA, National Bank of Greece SA and Alpha Bank AE by one notch to Caa1 (stable outlook) from Caa2 (negative outlook) and increased...
Archaeology
German Couple Suspected of Holding Stolen Greek Antiquities
A German couple that lives in Milos, has transformed their house into a museum. The couple kept hundreds of archeological artifacts belonging to the periods of Prehistoric to Roman times. It is probable that these are products of illegal...
Economy
Profit of Greek Banks Operating in Bulgaria Increasing
Greek banks operating in Bulgaria - Alpha Bank Bulgaria, Euorbank EFG Bulgaria, United Bulgarian Bank (UBB) and Piraeus Bank Bulgaria, - have expanded their presence in the country. The combined net profit of the four Greek banks rose by...