Latest News for: Greek banking

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Lenders keep slashing their branches

Ekathimerini 25 Jul 2021
The network of Greek banks across the country keeps shrinking year after year, especially outside the country’s two biggest cities, the capital Athens and Thessaloniki ... Last year alone bank jobs went down by 3,630, according to ...
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Economic prospects "bright" for Europe, Greece: Eurogroup president

Xinhua 24 Jul 2021
During his meeting with Greek Prime Minister Kyriakos Mitsotakis, Donohoe said that growth will be accelerated by the National Recovery and Resilience Plans that will be implemented across the European Union (EU) ... The Greek economy's competitiveness is improving, tourist arrivals have increased and bank deposits are on the rise, Staikouras said.
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'Economic prospects bright for Europe, Greece'

The Times of India 24 Jul 2021
During his meeting with Greek Prime Minister Kyriakos ... “I entirely agree with your optimism regarding the Greek economy,” Donohoe said ... The Greek economy's competitiveness is improving, tourist arrivals have increased and bank deposits are on the rise, Staikouras said.
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Experts call for urgent action as recurrent heatwaves hit Greece

Sina 24 Jul 2021
by Maria Spiliopoulou ... Greece experienced its first heatwave this summer as early as in June, and this previously rare phenomenon may become the new normal, experts warned ... A study conducted by the Central Bank of Greece estimated that climate change would cost the Greek economy around 700 billion euros (823.4 billion U.S ... (1 euro = 1.18 U.S ... .
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Huge challenges for SMEs

Ekathimerini 23 Jul 2021
An Alpha Bank analysis on Thursday showed that 58% of Greek SMEs had access to state support, compared to an average rate of 33.6% among the member-states of the Organization for Economic Cooperation and Development (OECD) ... Through that support, Greek businesses appeared resilient against the pandemic.
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Doubt cast over Sydney Olympic FC finances with over $1.5 million owed to company controlled by Bill Papas’ Forum Group

Greek City Times 21 Jul 2021
The funds owed to Forum Group by Sydney Olympic could become a focus of Westpac, French bank Société Générale and Sumitomo Mitsui Banking Corporation of Japan, which obtained freezing assets over the assets of Mr ... that Forum Finance had defrauded the bank of nearly $285 million.
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Prinkipo Greek Orthodox Orphanage: Symbol of Greek persecution in Turkey

Greek City Times 19 Jul 2021
Prinkipo Greek Orthodox. A restoration of Constantinople’s Prinkipo Greek Orthodox Orphanage would cost at least 40 million euros and would take four to fıve years to complete, according to a recent report by Europa Nostra, the leading European heritage organization, and the European Investment Bank (EIB) Institute.
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BIZ BYTES: Hy-Vee, national suppliers battle hunger

Dispatch Argus 18 Jul 2021
This year, Chobani has also joined the campaign that helps to provide meals to children and families in need through the Feeding America network of food banks ... “Feeding America member food banks work hard to ensure children who receive free or reduced-cost meals at school will have enough food during the summer to be healthy and free from worry.
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IMF: Greek economy to grow by 3.3% this year, 5.4% in 2022

Greek City Times 17 Jul 2021
The Greek economy is projected to grow by 3.3% this year and 5.4% in 2022, the International Monetary Fund (IMF) said in its staff report on Greece released on Friday ... This is compared to a counterfactual scenario of no policy support in which the impact on NFC financial distress would be similar than during the Greek sovereign crisis.
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Greeks turn to domestic financing support

Hellenic Shipping News Worldwide 16 Jul 2021
Bank ship finance for Greek shipping dropped for the sixth ...
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Capital Economic projects 8% jump in growth in 2021

Ekathimerini 16 Jul 2021
And it is now experiencing a strong recovery ... However, the continued support of the ECB will keep a lid on sovereign bond yields,” expecting the European Central Bank to keep buying Greek bonds even after the end of its PEPP program ... .
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Bill Papas struck down with COVID in Greece, unable to travel to Australia

Greek City Times 15 Jul 2021
Counsel for Westpac Jeremy Giles, SC, told the Federal Court on Thursday they believe Mr Papas has assets in Germany, Singapore and Greece, including his part ownership of Greek soccer team Xanthi FC. Funds were flowing as recently as this month into the bank accounts of offshore firms linked to Mr Papas, the court heard.
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Zephyr Theatre in Stillwater has music and ‘Mamma Mia!’

Pioneer Press 15 Jul 2021
The Zephyr Theatre will turn the banks of the St. Croix in North Lowell Park into a Greek island getaway – to the soundtrack of hits by Swedish pop band Abba – when it stages “Mamma Mia!” July 22-25. Songs in the musical include “Super Trouper,” “Dancing Queen,” “Take a Chance on Me” and “The Winner Takes It All.” ... Chairs are provided ... .
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How we went from Greek Street to Wall St: Soho House founder Nick Jones prepares ...

The Daily Mail 14 Jul 2021
It includes The Ned, a hotel and members' club in a grand former Lutyens bank in the heart of the City, and the Scorpios beach club on the Greek island of Mykonos ... From the outside, the brutalist concrete building seems an unlikely venue, a world away from the haute Bohemian vibe of the original House on Greek Street in Soho ... Greek Street.

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