Athens Business News

Seen by many as an effort by Papandreou to link Greece�s economic problems to wider issues of graft, bureaucracy and a lack of transparency in the public sector, the premier said that he wanted to begin discussions on ways to...

The lender said yesterday net profits reached 219 million euros, beating analysts� estimates for a figure of around 197 million euros. �Positive signs of a recovery in the global economy are progressively strengthening while the international financial sector continues to...

Ireland’s budget deficit will widen to 12pc of gross domestic product this year as the shrinking economy and slumping property market erode tax revenue. Lawmakers will hold a debate in the Dail today on measures to control the shortfall and...

The Athens bourse�s benchmark general index ended at 2,502.27 points after reaching a mid-session high of 2,545. Banks, which tumbled more than 5 percent on Monday, rebounded modestly adding 1.02 percent. Merrill Lynch said in a note dated November 17...

Kathimerini The Greek economy has been in a deep recession since the start of the year, concluded the National Statistical Service (NSS), as part of its latest estimates published yesterday, which included the updated surveys and new data for the...

Greece's unemployment rate jumped to 9.6 percent in July from 8.6 percent in June, official figures showed Wednesday, as the economic downturn continues to take its toll on the labor market. The National Statistics Service said the July jobless figure...

Banks must grow in size and competitiveness� National Bank Chairman Takis Arapoglou suggested in a speech in London this week that bank mergers, both within Greece and outside the country, are inevitable, adding that Greek banks will soon see opportunities...

Early Monday, theafter a five-day debate overshadowed by protests and violence sparked by a boy's fatal shooting by police this month, Greek parliament passes budget for 2009 amid street violence. Before the budget,Street violence raged. The conservatives of Prime Minister...