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Sale of minority stakes in water utilities to begin by August

Sale of minority stakes in water utilities to begin by August

The procedure to sell minority stakes in Greece’s two water utilities, EYDAP and EYATH, to private investors will have started by August this year, Deputy Economy Minister Stergios Pitsiorlas said on Friday, speaking to journalists on the sidelines of a dinner organized by the Thessaloniki Chamber of Small and M

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TAP proposes mediation over stalled section of pipeline construction

TAP proposes mediation over stalled section of pipeline construction

The Trans Adriatic Pipeline, a project that will bring natural gas from Azerbaijan’s Shah Deniz II fields to Europe, on Friday invited two groups in the northern region of Kavala to resolve their differences with the company over the project’s construction through independent mediators.

TAP’s Greek office said it had i

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Greek stocks ended flat in the Athens Stock Exchange on Friday

Greek stocks ended flat in the Athens Stock Exchange on Friday

Greek stocks ended flat in the Athens Stock Exchange on Friday with trading conditions remaining subdued for one more session. The general index of the market eased 0.14 pct to end at 844.12 points, off the day’s lows of 838.12 points. The index eased 0.23 pct in the week, losing 3.95 pct so far in February and rising

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Fitch Ratings upgrades Eurobank’s, National Bank’s state-guaranteed bonds

Fitch Ratings upgrades Eurobank’s, National Bank’s state-guaranteed bonds

Fitch Ratings on Friday upgraded Eurobank’s and National Bank’s government-guaranteed debt programmes to “B” from “B-“, following a decision to upgrade Greece’s long-term foreign currency rating to “B” on February 16, 2018.

Eurobank’s and National Bank’s covered bonds are senior unsecured instruments guaranteed by the G

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Economy Minister Papadimitriou, Austrian ambassador discuss ways to attract investments

Economy Minister Papadimitriou, Austrian ambassador discuss ways to attract investments

The scope for more Austrian investments in Greece and the strengthening of existing investments were discussed in a meeting between Economy Minister Dimitri Papadimitriou and Austrian Ambassador Andrea Ikic-Böhm on Friday.

The ambassador thanked the minister for his interest in Austrian investments noting at the same

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Greece-Ireland to open new chapter in bilateral relations, President Higgins says

Greece-Ireland to open new chapter in bilateral relations, President Higgins says

Irish President Michael Higgins on Friday underlined the significance of creativity in economic development and the state’s contribution to the development of business activity.

Addressing an event organised by Enterprise Greece, Ireland’s Embassy in Athens and the Irish Food Board, titled “Greek & Irish Con

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Building materials’ prices up 0.9 pct in January

Building materials’ prices up 0.9 pct in January

Building materials’ prices grew 0.9 pct in January 2018, compared with the same month last year, Hellenic Statistical Authority said on Friday.

The statistics service, in a monthly report, attributed this development to price increases in iron pipes (7.2 pct), steel pipes (4.8 pct), diesel oil (4.7 pct), cement (1.3

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Greek International Business Association: Greek exports to Romania up 14 pct in 2017

Greek International Business Association: Greek exports to Romania up 14 pct in 2017

Greek exports to Romania grew 14 pct in 2017, reaching more than 870 million euros from 760 million in 2016, and have positive prospects, but Greece needs to safeguard the high quality of its exports and to immediately put a brake on the practices of “opportunistic” traders, who are hurting the good reputation of the label “made in Greece” in Roman

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Greek stocks ended higher in the Athens Stock Exchange on Thursday

Greek stocks ended higher in the Athens Stock Exchange on Thursday

Greek stocks ended higher in the Athens Stock Exchange on Thursday, in contrast to the downward trend in European markets, buoyed by improvements in the bond market following Moody’s unexpected upgrade of the Greek economy. The general index rose 0.79 pct to end at 845.34 points, off the day’s high of 847. 20 points. T

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Council of State approves the development plan of the former Hellinikon airport

Council of State approves the development plan of the former Hellinikon airport

The Council of State opened the way to the development of the former Hellinikon airport on Thursday, approving its investment plan as fully compliant with the Greek constitution and legislation.

The approval of the development plan, included in a presidential review as “Integrated Development Plan (IDP) of the Hellinikon – Agios Kosmas Metropolitan

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Greek parliament approves sale of 67 pct stake in Thessaloniki port

Greek parliament approves sale of 67 pct stake in Thessaloniki port

The Greek parliament approved on Thursday with a wide majority a bill on the agreement for the sale of 67 pct of the Thessaloniki port to South Europe Gateway Thessaloniki (SEGT).

SYRIZA, New Democracy, the Independent Greeks (ANEL), the Centrists Union and Potami voted in favour, the Democratic Coalition voted

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Greek National Tourism Organisation: Czech tourists seen up 15 pct in 2018

Greek National Tourism Organisation: Czech tourists seen up 15 pct in 2018

High demand from Czech Republic has been recorded for summer 2018, with a 15 pct increase in bookings, based on figures and feedback given to the leadership of the Greek National Tourism Organisation (GNTO) in meetings with actors in the Czech tourism market. The meetings took place at the Prague International Tourism

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FinMin Tsakalotos to be keynote speaker at an event in Heraklion, Crete on Frida

FinMin Tsakalotos to be keynote speaker at an event in Heraklion, Crete on Frida

Finance Minister Euclid Tsakalotos will visit Heraklion, Crete on Friday. Tsakalotos will be the keynote speaker at the event “Exit and Growth with society as an ally” that is co-organised by the Heraklion Chamber, the Economic Chamber – Regional Department of Eastern Crete and the Technical Chamber of Greece – Eastern

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Greek government bonds rally on Thursday after Moody’s upgrade

Greek government bonds rally on Thursday after Moody’s upgrade

Greek government bonds are rallying on Thursday after the country’s credit rating was upgraded to B3 by Moody’s credit rating agency, the UK-based Guardian newspaper reported.

The ratings agency said Greece has achieved material fiscal and institutional improvements under its current adjustment programme, which it

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Greek stocks eased lower in moderate trade on the ASE on Wednesday

Greek stocks eased lower in moderate trade on the ASE on Wednesday

Greek stocks eased lower in moderate trade on the Athens Stock Exchange on Wednesday. The general index fell 0.37 pct to end at 838.69 points, off the day’s lows of 835.03 points. The Large Cap index ended 0.55 pct lower and the Mid Cap index rose 1.68 pct. Turnover was 50.043 million euros in volume of 37,653,552 s

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