The Greek economy started to slow down later than many of its peers, and it appears to be stuck in recession for longer. It was still contracting during the third quarter, putting it alongside the laggards of the region, like...
Athens :: Greece
| updated Sat Nov 21 00:03:54 -0800 2009
| 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...
Athens :: Greece
| updated Sat Nov 14 00:54:20 -0800 2009
| business-news
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...
Mike Grant runs a residential and commercial timber lodge manufacturer in Perth in central Scotland. There are 21 people employed in the company, which has an annual turnover of £2m and produces about 30 lodges a year. "As with previous...
Credit Agricole took control of former state-run Emporiki Bank in 2006. It said last month it would also take a writedown of just under 500 million euros linked to restructuring Emporiki. Earlier this month, Emporiki reported a nine-month net loss...
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...
Kathimerini English Edition National Bank (NBG) reported an expected drop in nine-month net profit to just over 1 billion euros yesterday, with earnings weighed down by money put aside in anticipation of loan losses, a trend it sees improving this...
Athens :: Greece
| updated Sat Nov 14 00:54:33 -0800 2009
| business-news
Over the course of the week, the main index has lost a total of 4.71 percent...Hellaktor (up 1.23 percent) and Coca-Cola HBC (0.18 percent) were the only blue chips to post gains. Leading the drop were Viohalco (down 3.31 percent),...
George Papandreou confess that the budget deficit will be more than 12pc of GDP this year, four times the original claim of the last lot. After campaigning on extra spending, it will have to do the exact opposite. 'We need...
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