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Photo by MacroPolis Piraeus Bank posts net loss of 1.56 bln in Q3

Piraeus Bank posted a net loss of 1.56 billion euros in the third quarter (Q3) of 2014 from a profit of 164.3 million in Q2, according to results published late on Tuesday.

OECD sees more growth, falling unemployment in Greece

In its latest Economic Outlook report published on Tuesday, OECD upward revised its GDP forecasts for Greece and is now expecting growth of 0.8 percent for 2014 from recession of 0.3 percent in its previous estimates published on May 6.

Fitch keeps Greek rating at 'B' with stable outlook

Fitch affirmed Greece’s rating at ‘B’ with a stable outlook in its scheduled sovereign update on Friday, This was the second rating action by Fitch within 2014 following the upgrade by one notch with a stable outlook on May 23.

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