European Bank for Reconstruction and Development (EBRD) shareholders agreed to extend its mandate in Greece through to 2025 while announcing that it had financed 15 projects last year.
Only 17 pct of enterprises intend to ask for a settlement of their loans from credit institutions, of which 12 pct seeks a solution through an out-of-court debt settlement mechanism and a 55 pct through a cooperation with banks.
The Public Power Corporation (PPC) intends to raise electricity bills because "it cannot afford to absorb burdens any more," its chairman and CEOI Manolis Panagiotakis said on Wednesday.
Bank of Greece governor Yannis Stournaras on Wednesday urged the government to speed up a plan for the reduction of non-performing loans.
Greece's Central Cooperative Union of Wine Producers (KEOSOE) on Friday announced a 2.19 pct increase in the number of grape collection applications submitted for the harvest period 2018/2019, compared with the previous year.
German enterprises are expected to be strongly active in Greece in 2019 as there are signs of movement, particularly from small- and medium-sized enterprises from Germany that have placed Greece at the epicentre of their interest again,…
Consumer confidence in Greece, improved in December, achieving a four-year high, while the economic climate remained steady, the Foundation for Economic & Industrial Research (IOBE), said this week.
The seasonally adjusted unemployment rate in October 2018 was 18.6 pct compared to 21.0 pct in October 2017 and 18.6 pct in September 2018, the Hellenic Statistical Authority (ELSTAT) said.
State arrears to the private sector fell by 147 million euros in November to 1.847 billion euros, from 1.994 billion in the previous month, the Finance Ministry said in a report released on Wednesday.
Larco will pay 4.5 million euros per month to Public Power Corporation (PPC) in the framework of an agreement reached between the two companies to supply Larco with electric power.