Greece
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Economy
EU Court Orders Greece to Recover 250-Mln Euros in Farm Subsidies
The European Court of Justice on Thursday upheld an earlier decision of the European Commission ordering Greece to recover 250 million euros in farming subsidies, rejecting a Greek petition to revoke it. The Commission had ordered Greece to recover...
Greece
Hellenic Post Employees Association Call Strike
The Hellenic Post employees association of Athens and Attica region decided to go on a 24-hour strike next Wednesday, demanding the immediate hiring of seasonal employees. The employees union also warned that if problems are not solved, they will...
Economy
BoG Governor: Greece's Recovery Is Not Sustainable without New Loans
Greece's recovery is not sustainable without new loans, Bank of Greece (BoG) governor Yannis Stournaras said on Thursday. Speaking at a BoG's event, Stournaras underlined that so far Greece's recovery has not relied on bank lending, which was...
Economy
NBG Chairman Zanias Says "Greek Banks Now Stabilized"
Speaking at the Economist conference "The big rethink for Europe - The big turning point for Greece" in Athens on Wednesday, the president of the Hellenic Bank Association and non-executive chairman of the Board of the National Bank of Greece...
Cyprus
Cyprus Stock Exchange
Nicosia.- The Cyprus Stock Exchange (CSE) All Share Index closed at Friday`s stock exchange meeting as follows: INDICES BASE VALUES: FTSEMed=5000, OTHERS=1000 EURO (€) TRADED...
Economy
Athens Exchange Weekly Review
Greek stocks edged higher in the Athens Stock Exchange on Friday, halting a five-day decline which pushed the composite index of the market 8.19 pct lower. Traders said market sentiment remained nervous throughout Europe, awaiting developments in a...
Cyprus
U.S. Officials Visiting Cyprus Reiterate Strategic Partnership
Nicosia.- Cyprus and the US have expressed willingness to engage in continued discussions to strengthen cooperation in the field maritime security. During a meeting of Cyprus` Defence Minister Christoforos Fokaides and Deputy Assistant Secretary of...
Cyprus
Troika Begins Fifth Evaluation of Cyprus' Programme on Tuesday
Nicosia.- Cyprus` international lenders, the Troika (EC, ECB and IMF), begins on July15 its fifth evaluation of the country’s economic adjustment program. Troika`s delegation arrives in Cyprus on Monday, July 14th, and on Tuesday begins its...
Cyprus