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Greece's ongoing divestment from banking sector creates new lender, stirs controversy
EconomyBankingwas used by both the finance minister and the Bank of Greece governor. The deal sees a capital injection... of the latest share capital raise. The new bank will have a capital ratio of 15 pct and through its
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Athens wildfire puts government on back foot after efforts to improve prevention, response
PoliticsGreek Politicsbreak and return to the capital, hoping that the blaze is contained and does not deliver another... without much damage to property, while larger fires outside of the capital received minimal media... capital. Despite a patchy record of firefighting during its time in office, the centre-right government
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Megafire surges into Athens suburbs, posing major challenge for PM
PoliticsGreek PoliticsThe megafire that broke out over the weekend north of Athens reached the capital’s suburbs... that are normal for this time of year, was that the fire reached fully built-up areas in the capital’s... in preventing the fire reaching homes in the Greek capital, where roughly half the country’s population
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Fitch leaves rating unchanged at 'BBB-', ups outlook to positive
EconomyMacroeconomyupgraded Greece’s four systemic banks in March 2025, citing improved earnings, capital strength... capital—unique among eurozone peers. Efforts to accelerate DTC amortization aim to normalize capital
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Industry turnover and new orders’ indices rebounded in July
Economy), while capital goods and consumer durables turnover recorded a double-digit drop (down 12.1 percent... Orders’ data for the energy sector, while intermediate goods and capital goods (up 2.2 percent
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Industrial turnover and new orders indices rebound for second straight month
EconomyMacroeconomywas energy (up 7.7 percent), while capital goods and consumer durables turnover recorded the highest drop... not disclose New Orders’ data for the energy sector, with intermediate goods and capital goods (up
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BCP in first successful placement of Greek bank shares after recap
Economycapital increase in July. At that time, BCP had subscribed for 400 million euros through a private...-off capital gain of 94 million. The disposed stake of 235.3 million Piraeus shares and warrants, which
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Greek GDP shrinks 3 pct in Q3, on course to contract by 4 pct in 2013
EconomyMacroeconomyconsumption expenditure. Another factor affecting GDP was gross capital formation plummeting 12.6 percent... in gross fixed capital formation by 65.9 percent and a dive in final consumption by 22.2 percent
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Indices for turnover, new orders in industry post big falls in November
Economypercent respectively), intermediate and capital goods in the middle (down 7.2 and 8.9 percent... percent), followed by capital goods (down 11.2 percent) and intermediated goods (down 9.8 percent
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A macroeconomic assessment of the Cypriot economy after the haircut
Agoraforeign depositors and the foreign business sector (also by opening up capital controls for foreigners... of liquidity in an economy with limited money supply growth and in the presence of capital controls
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