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Greece drops three places to 61st in World Bank's ‘Doing Business’ ranking
EconomyProperty in Greece (141st), it requires 10 procedures, it takes 20 days and it costs on average 4.8
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Chinese State Grid makes highest bid of 320 mln for 24 pct stake in ADMIE
Economy(RAV) of 1.37 billion. The launch of the sale of at least 20 percent in ADMIE to strategic investors
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Retail sales fall by 3.1 pct in Aug after fleeting rebound in July
EconomyMacroeconomyThe turnover of Greece’s retail trade index fell by 3.1 percent in August, after a rise of 7.1 percent in July attributed to a low base effect, Hellenic Statistical Agency (ELSTAT) figures showed on Monday. The August headline figure represents the 18th negative reading in the last 20 months
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Deadlock at NBG over chairman appointment
EconomyBankingnew chairman. He replaces Giorgos Sallas who resigned on July 20. However, Piraeus has not yet
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Fiscal Council optimistic on 2016 target, sees next year’s goals as feasible
EconomyMacroeconomy) dependent on a revenue increase and only 20 percent on cost containment. Despite the anticipated
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Unemployment rate edges up to 23.4 pct in August
EconomyMacroeconomy, of 19.5 percent was registered in the Aegean islands, which is the only region below 20 percent
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Second review to resume in Athens under severe time pressure
EconomyProgramme(ELSTAT) on October 20. The Greek Fiscal Council recently published its first semi-annual report
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Budget primary surplus to Oct hits 6.5 bln as revenues deliver again
EconomyMacroeconomyare due to be disclosed when the final budget execution bulletin is released after November 20
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Piraeus Bank posts net profits of 31 mln in Q3, records improved asset quality trends
EconomyBankingPiraeus Bank reported a positive bottom-line result for the second straight quarter, with net profits rising to 31 million euros in the third quarter (Q3) of 2016 from 20 million in the previous quarter. For the 9-month period, the bank posted net profits of 14 million from losses of 621 million
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Greece’s downstream oil industry adapts to shifting demands
EconomyFeaturesinvestments, such as the ambitious commitment to 20 percent renewable energy production by 2020 in line
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