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Greece invests in disaster prevention and response to pandemics- Gets largest ever EIB backing for civil protection

Greece and the European Investment Bank (EIB) formally agreed on a new 595 million euro European Investment Bank loan. Long-term financing and shared technical best-practice will help to transform disaster prevention and response to pandemics and natural disasters including floods, forest fires and earthquakes in all 13 Greek regions. "Over recent months technical and financial experts from Greece and the EIBank have outlined projects across Greece where disaster preparedness can be improved through unlocking new investment.  Lessons learnt during the [...]

January 28th, 2021|Online news / Blog|

Renewable Energy in Greece: Time to take it to the sea

Greece is preparing a new institutional framework for offshore wind energy. The new law will cover segments like licensing, locations and interconnections with the mainland grid . Public consultation on the matter concludes next week and a final proposal to the Greek government is expected in the Source: Hellenic Wind Energy Association HWEA/ELETAEN coming weeks.   Greece’s National Energy and Climate Plan envisages 7 GW of wind energy in the country by 2030. Currently the country has 4 GW [...]

January 27th, 2021|Online news / Blog|

Rafale deal: Greece builds up military and supports thousands of French jobs

Greece signed a 2.3 billion-euro deal with France on Monday to purchase 18 Rafale fighter jets. Florence Parly, the French Defense minister, signed the agreement in Athens to deliver 12 used and six new aircraft built by Dassault Aviation over two years, starting in July. Greece is the first European country that buys the Rafale. Ministers of Defence, Florence Parly and Nikos Panagiotopoulos, after the signing of the deal France celebrated the deal saying "exports reinforce the country's [...]

January 26th, 2021|Online news / Blog|

Chasing after hope

Chasing after hope by Antonis D. Papagiannidis When the first days of hope appeared that we would get out from under the heavy cloud of the Covid-19 pandemic with the help of the Pfizer/BioNTech vaccine, Pfizer CEO Albert Bourla, (a native of Thessaloniki, the quintessential successful Greek on the global business stage) became something of a cult figure. Now, that Pfizer vaccine deliveries are losing speed in Europe, less people vaunt themselves of being close acquaintances of Albert Bourla; there [...]

January 25th, 2021|Online news / Blog|

Greek bonds and stocks: Bull or Bear?

by Kyriakos Tsatalpasidis* Despite extremely adverse conditions in 2020, Greece was praised by the bond markets. The interest rate on the Greek 10-year bond de-escalated to 0.63% from 1.46% at the beginning of the year. The Greece 10 Years / Germany 10 Years Government Bond spread was compressed to 1.2%, the lowest since October 2008 (Graph.1). Graph 1 Thus, holders of Greek bonds enjoyed an extraordinary, for euro investment standards, annual total return of 9.83% (Graph.2). Graph [...]

January 22nd, 2021|Online news / Blog|

High speed trains (finally) arrive in Greece

First upgraded ETR470 Pendolino train has arrived to Thessaloniki, bringing high-speed to Greece. This is part of a project implemented by TRAINOSE - the  rail transport provider in Greece - in which Alstom is to provide depot modernisation and corrective maintenance for first fleet of high-speed trains in Greece, consisting of five Pendolino high-speed trains. The two contracts are worth approximately 40 million Euros. The first Pendolino train with a speed of up to 250 km/h will make its inaugural [...]

January 20th, 2021|Online news / Blog|

Grant Thornton creates 100 tech jobs in Greece

Grant Thornton, one of the major global accounting organisations, welcomes the New Year with an ambitious investment in Greece. Responding to the growing needs that arise in the technological sector, Grant Thornton is following a strategic expansion strategy of its Technology Intelligence & Performance division. In this context, the company announced the creation of 100 new jobs to establish a new service hub in the field of technology. Grant Thornton's main goal is to become a driving force in Greece’s [...]

January 19th, 2021|Online news / Blog|

Of the middle class, of support to the poorer segments – and of the future

Of the middle class, of support to the poorer segments – and of the future by Antonis D. Papagiannidis Mercurial, blunt-spoken, loose-cannon Opposition politician Pavlos Polakis, engaging in infighting within SYRIZA – the radical party that ruled Greece over four tumultuous years of economic struggle and near-clash with the Euro area – recently pontificated over the deeper causes of his party losing the 2019 election that brought Nea Dimokratia right/centre-right of Kyriakos Mitsotakis to power. In language unfit for polite [...]

January 18th, 2021|Online news / Blog|
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