Online news / Blog2022-08-03T10:08:44+03:00

Online news / Blog

Greece: Higher minimum wage

The basic wage in Greece increased by 7.5%, as of Sunday, May 1, rising to 713 euros per month from 663 euros previously. The corresponding minimum daily wage increased to 31.85 euros from 29.62 euros. Talking to the Athens-Macedonian News Agency (ANA), Labour and Social Affairs Minister Kostis Hatzidakis said : "This is an increase that occupies the extreme limits of what the economy can support - in an environment of strong uncertainty". The Greek government believes the increase in [...]

May 2nd, 2022|Online news / Blog|

“Growing Together”: the Hellenic Development Bank of Investments partners with four European Development Banks

A European cooperation protocol between five national public banks and investment Institutions was announced  in Zappeion Megaron at the “Growing Together” event. This protocol aims at increasing European growth capital funds’ capacity to provide late-stage funding to EU-based technology companies. Over the next 3 to 5 years €3.3 billion will be mobilized as part of this agreement, fostering the development of European global tech leaders. The five partners are: Bpifrance (France), KfW Capital (Germany), Tesi (Finland), Hellenic Development Bank of [...]

April 27th, 2022|Online news / Blog|

Of pats on the back and causes for concern

Of pats on the back and causes for concern by Antonis D. Papagiannidis The pat on the back Greece got from Standard&Poor’s (credit rating upgrade to BB+, with stable prospects, one notch away from investment grade) just one month after a similar move from DBRS, is reason for some rejoicing on part of Greek officialdom. The rating agency made its move – which was less than expected in Athens – notwithstanding the effects of  the Ukraine crisis, climbing energy prices [...]

April 26th, 2022|Online news / Blog|

Norway funds for Greek enterprises

A funding programme under the European Economic Area ( EEA) and Norway grants offers 8 million euros to Greek business innovation projects. The focus areas of the programme, that aims are Green Industry, Innovation, Blue Growth and ICT. The eligible applicants are both SMEs and large enterprises, which have the opportunity to access a grant starting with 50,000 euros and reaches up to 1.5 million euros, with funding intensity up to  50%. The funding is available to Greek companies via the "Business Innovation [...]

April 25th, 2022|Online news / Blog|

Greece: Closer to the investment grade

Rating agency S&P Global Rating upgraded the debt rating of Greece, by one notch, to  BB+. It is the third rating agency, and the second of those selected by the European Central Bank, that places Greece one "step" before the investment grade. This is the 9th - in a row - upgrade of the Greek economy in the last two and a half years. “The upgrade reflects our expectation of a continuous improvement in Greece’s policy effectiveness, while the fallout [...]

April 23rd, 2022|Online news / Blog|

ELPEDISON applies for a Floating Storage Regasification Unit in Thessaloniki

ELPEDISON submitted an application for the granting of an Independent Natural Gas System (INGS) License to the Regulatory Authority for Energy (RAE). The new project, "Thessaloniki FSRU", will consist of a Floating Liquefied Natural Gas (FSRU) Storage & Gasification Unit, will be deployed in the Thermaikos Gulf, off the coast of Thessaloniki and is expected to operate in 2025. The FSRU will have a storage capacity of 170,000 cubic meters of Liquefied Natural Gas (LNG) and will be able to [...]

April 19th, 2022|Online news / Blog|

Is Greece thought to be flirting with loss of fiscal grip?

Is Greece thought to be flirting with loss of fiscal grip? by Antonis D. Papagiannidis As Greek sovereign paper edges closer to a yield of 3% - more importantly: as the spreads of 10-year Greek bonds over the German Bunds have overtaken 200 bps – a measure of nervousness is discernible in those bearing the burden of economic policymaking in Athens. It had almost become a mantra that hard-earned credibility in the markets was a bonus Greece would now use, [...]

April 18th, 2022|Online news / Blog|

Euronet Worldwide buys Piraeus’ online merchant business

Euronet Worldwide, a leading global financial technology solutions and payments provider, has completed the purchase of the Piraeus Bank Merchant Acquiring (PBMA) business for a consideration of €300 million. Euronet’s completed purchase of PBMA’s acquiring services and assets includes approximately 205,000 POS terminals at 170,000 merchants throughout Greece as well as the Bank’s online merchant acquiring business. The in-store acquiring business represents approximately 20% of Greece’s market while PBMA’s online merchant acquiring represents approximately 40% of online and digital transactions in the [...]

April 17th, 2022|Online news / Blog|
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