Tuesday, June 18th, 2013 • 09:25:51
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Economy

Hydrocarbon Exploration in Greece: Int’l Open-Door Call

The Environment, Energy and Climatic Change Ministry announced an international open-door call for hydrocarbon exploration in three areas of Greece.

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Greek Companies in Poland

Despite the grim headlines and the overall economic crisis, Greek companies continue to invest and prosper both abroad and at home.

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Injection of € 135 million in Real Economy

The European Investment Bank (EIB) has signed on December 9 two agreements totalling €135 million in support of real economy in Greece.

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Fourni Island Complex to go Solar?

Following the decision to turn the Ai Stratis island into a "Green island," another study is being put forward concerning the island complex of Fourni, in northeastern Aegean Sea, between Samos, Ikaria and Patmos.

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Green Energy Co-operation

The International Centre for Black Sea Studies (ICBSS), organised a roundtable discussion on Energy Cooperation and Environmental Protection in the wider Black Sea area, on November 29.

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2012 State Budget Tabled in Parliament

The 2012 Draft State Budget was unveiled by Finance Minister Evangelos Venizelos and was approved earlier on November 18 by a Cabinet meeting chaired by Prime Minister Lucas Papademos.

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Task Forse Report Shows Cautious Optimism

On November 17, the Head of the EU Task Force for Greece (TFGR) Horst Reichenbach presented the findings of the first quarterly report on Greek economy and expressed cautious optimism concerning the country’s efforts to consolidate crucial reforms.

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FinMin on Economic Priorities

Government Vice President and Finance Minister Evangelos Venizelos, speaking in Parliament yesterday, referred to the agreement between the three political party leaders.

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E -Procurement for Generic Drugs Saves € 4.8 million

Greece’s National Procurement Commission held the third electronic tender yesterday, on November 14, in an effort to curtail state hospital pharmaceutical expenditure.

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Photovoltaics Capacity Doubled in 2011

The installed photovoltaics operating in Greece have been doubled in the nine months from January to September 2011, with significant increases in other renewable energy sources during the same period.

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Green Fund Programmes Announced

Environment, Energy and Climate Change ministry announced plans to invest €400 million from the 'Green Fund' to improve urban environment through parks and refurbishing buildings, as well as actions to prevent forest fires.

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Historic Decisions For Greece & the Eurozone

Following a marathon negotiating session of European Council yesterday in Brussels, Heads of State and Government of the Eurozone member states agreed on a comprehensive set of measures .

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Business Deals 'Made in Greece'

Chinese senior official of the People's Republic of China, Jia Qinglin,is currently in Athens (October 23-27), upon invitation by the Greek Minister of Development, Competitiveness and Shipping, Michalis Chryssohoidis.

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RES Go Tokyo

The Embassy of Greece in Tokyo hosts a seminar titled Investment Opportunities in Renewable Energy Sources in Greece, on October 26. Key speaker of the event will be Invest in Greece’s Executive Chairman, Aristomenis Syngros.

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Eurogroup Approves 6th Tranche Release

The disbursement is expected to take place in the first half of November, pending the approval by the Board of the International Monetary Fund.

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Oil Exploration on Track

An inner cabinet meeting, on October 6, gave the green light for hydrocarbons exploration and drilling in three regions in Greece.

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Green Light for Sixth Tranche

European Commission, European Central Bank  and International Monetary Fund technical team completed its monitoring of the course of Greece’s economy, giving the green light for the release of the sixth tranche.

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T-Bill Auction

Greece raised € 1,300 million during an auction of 26-week Treasury Bills conducted yesterday.

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Greek Exports Rise to Over 10% of GDP

Exports account for more than 10% of Greece’s Gross Domestic Product, recording a 13% growth rate, according to the Panhellenic Exporters Association.

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Greece & Germany: Bilateral Agreement on Investments

Competitiveness and Shipping minister and visiting German Vice Chancellor and Economy & Technology Minister Phillip Rösler sign, a joint declaration concerning an agreement on 23 actions.

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German Vice Chancellor in Athens

Vice Chancellor of Germany and Federal Minister of Economics and Technology Phillip Rösler arrived in Athens yesterday for a two-day visit.

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Tourist Arrivals Up

Tourist arrivals in Greece recorded a double-digit rise in September, vindicating forecasts of an increase in tourism that will exceed 10% for the whole year.

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Greece: Cruising Ahead

Culture and Tourism Deputy Minister George Nikitiades addressed a conference on Shipping Today & Tomorrow, organised by the Hellenic Institute of Financial Management and the British Hellenic Chamber of Commerce.

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FinMin’s Press Conference

Government Vice-president and Finance Minister Evangelos Venizelos traveled to Washington D.C. to participate in the 2011 Annual Meeting of the World Bank Group and International Monetary Fund (IMF), taking place from September 23 to 25.

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FinMin in Washington DC

Government Vice-president and Finance Minister Evangelos Venizelos traveled to Washington D.C. to participate in the 2011 Annual Meeting of the World Bank Group and International Monetary Fund (IMF), taking place from September 23 to 25.

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Progress on Economic Conversations

Government Vice-president and Finance Minister Evangelos Venizelos held a second conference call with officials from the European Commission, the European Central Bank and the International Monetary Fund.

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T-Bill Auction

Greece raised €1,625 million during an auction of 13-week T-Bills conducted yesterday.

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Economy in the Spotlight

Government Vice-President and Finance Minister Evangelos Venizelos attended informal Eurogroup and Ecofin meetings in Wroclaw, Poland, on September 16-17.

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Driving 'Task' Force for Greece

The head of European Commission Task Force for Greece, Horst Reichenbach arrived in Athens yesterday and met with Government’s Vice-president and Finance Minister.

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Attracting Quality Investments to Greece

Visiting Athens yesterday, EU Regional Policy Commissioner Johannes Hahn emphasised that "our aim is to give a boost to Greece" opening up the prospects for the Greek people through the promotion of direct and high-quality investments.

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Greek Roadshow in London

The 6th London Annual Greek Roadshow ended on September 9. The roadshow gathered 160 fund managers from 115 funds and 29 Greek companies from various fields.
 

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T-Bill Auction

Greece raised €1,300 million during an auction of 26-week T-Bills conducted yesterday, according to an announcement by the Public Dept Management Agency (PDMA).
 

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A Landmark Banking Merger

Alpha Bank and Eurobank EFG - Greece’s second and third largest banks respectively in terms of capitalization - announced on August 29 that their Boards of Directors reached a merger deal to create a leading bank in Greece and Southern Europe.

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Finance Ministry Appoints PSI Partners

The Ministry of Finance announced yesterday the appointment of BNP-Paribas, Deutsche Bank and HSBC as joint dealer-managers for the implementation of the Private Sector Involvement (PSI), whose terms were agreed and communicated in the last Eurozone Summit.

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Economy & Growth

The new tax system, tackling overdue debts to the state and coming up with a plan for a radical overhaul of tax collection mechanisms, are the finance ministry’s priorities.

 

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Zagori: Villages hidden behind mountains

Zagori is an area of great natural beauty and unique architecture in the Pindus Mountains in Epirus in Northwestern Greece. The area is of about 1.000 square kilometers and contains 46 villages. Zagoria villages is called by Greeks “Zagorochoria” meaning the villages behind the mountain.

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In 1989, Professor of Byzantine Studies, Helen Ahrweiler is appointed Chairman of the Cultural Centre Pompidou in Paris




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