The government of Greece believes Athens can become a leading financial center in the periphery of Southeast Europe. So it prepares a complete makeover of its capital market to make it more appealing to global investors. A Committee of Experts (with members from all capital market institutions) under the auspices of the Greek Ministry of [...]
Author: Paolo Pizzoli "The tourism-related service sector is a lingering point of vulnerability for the Greek economy" estimates ING Think. The Economic and Financial Analysis group of ING, in its article, notes: "Greece suffered the Covid-19 shock with somewhat of a delay. Having been little hit by the infection in the first quarter, it fully [...]
Piraeus Bank SA and National Energy Holdings Limited (National Energy) announced the signing of a Bond Loan facility of circa €22 million to finance the construction of five (5) solar PV projects in Greece with total generating capacity of 24 MWp. The projects are located in central Greece and will produce enough electricity to power [...]
By Symela Touchtidou “Digital migrants”, youth of the “brain drain generation”, pensioners and wealthy individuals from all over the world. What do they have in common? They are on the list of the Greek government that seeks ways to boost the economy and reverse the brain drain of the crisis era. To this end, it [...]
Greek Business File, September-October 2020, No 127 China-EU The challenges in economic cooperation China is by far the largest emerging economy in the world, and the European Union is the largest consortium of developed countries. China and EU represent about one fourth of the world’s total population, nearly 40% of the world’s total economic output, [...]
Cooking, cleaning, digital socializing: Greeks adopt their consumer behavior to the second lockdown of the country. According to the latest report on Greek Consumer Trends by the Institute of Retail Consumer Goods, IELKA, Greeks return to the habits adopted during the first national lockdown, in spring: 1. Cooking at home, as well as preparing home [...]
By Sotiris Roussos, Associate Professor, University of Peloponnese & Head of the Centre for Mediterranean, Middle East and Islamic Studies (www.cemmis.edu.gr) – Source: ENA Institute for Alternative Policies (www.enainstitute.org/en/) The agreement between Armenia, Azerbaijan and Russia is a clear victory for Azerbaijan and Turkey and a bitter defeat for the Armenians. Both sides acknowledge this. [...]
A new report by International Union for Conservation of Nature (IUCN) finds that an estimated 229,000 tonnes of plastic is leaking into the Mediterranean Sea every year. This is equivalent to over 500 shipping containers each day! Unless significant measures are taken, the reports notes, this will at least double by 2040. Macro-plastics resulting from [...]
Energean announced the completion of an independent Competent Persons Report (“CPR”) by DeGolyer and MacNaughton (“D&M”), which certifies 98.2 Bcm (3.5 Tcf) of gas and 99.6 million barrels of liquids (“MMbbls”) gross (Energean 70%) 2P reserves in the Karish, Karish North and Tanin fields. Εnergean’s gross 2P reserves in Israel now total approximately 729 million [...]
The Hellenic Telecommunications Organization S.A. (“OTE S.A.” or the “Company”) announces that it has entered into an agreement to sell its 54% stake in Telekom Romania Communications S.A. (Fixed, Telekom Romania or “TKR”) to Orange Romania. The agreed consideration is €497m for 100%, corresponding to €268m for OTE’s stake, on a debt-free, cash-free basis and [...]