Eurobank has taken a significant step in consolidating its presence in Cyprus, announcing the acquisition of a controlling stake in Hellenic Bank. The deal includes shares from two major shareholders, Demetra Holdings and Logicom, marking a transformative shift in the island’s banking landscape. Eurobank will purchase 88,064,705 shares (21.33%) from Demetra Holdings for 426 million …
Fitch Ratings reaffirmed Greece’s credit rating at BBB- with a stable outlook, maintaining the rating it had assigned six months ago. In its announcement, Fitch noted that Greece’s ratings reflect higher-than-average per capita income levels and governance indicators among BBB rated countries, along with a policy credibility due to EU and eurozone membership. It said …
Hospitality multinational Hilton announced last Friday it will be expanding its presence in Greece in the next couple of years with the opening of two new units on Greek islands: They are the Hilton Mykonos Beach Resort & Spa, and the Sound of the Sea Karpathos, Tapestry Collection by Hilton. “Demand for high-quality resorts continues …
The budget execution for the January-October period showed a primary surplus of 13.528 billion euros, compared to a target for a primary result of €12.93 billion and a primary surplus of €6.08 billion for the same period in 2023. According to the data available for the execution of the state budget on a modified cash …
On Wednesday, November 20, K. Scarlett Kingsley graced the educational institution College Year in Athens (CYA) with an insightful look at the ever-interconnected relationship between agriculture and warfare. In her talk, “The Perils of Agrarianism: The Breakdown of the Hoplite-Farmer in the Fifth Century BCE,” Kingsley introduced her perspective on this relationship by providing an …
The publication of the memoirs of Angela Merkel, who was Germany’s chancellor at one of the toughest times of Greece’s post-junta history, is an opportunity for reflection. Enough time has elapsed so we can look back on why the country went bankrupt and on the grueling austerity measures that were imposed as a result. Yet …
[AP] An event celebrating the 70th anniversary of CERN and Greece’s contributions to its groundbreaking research took place at the National Center for Scientific Research Demokritos. The milestone coincides with the election of Professor Konstantinos Fountas as president of the CERN Council, marking a historic first for a Greek scientist. Professor Fountas, a physicist and …
The headquarters of the Independent Authority for Public Revenue (AADE). Three out of four enterprises in Greece show losses or profits below the minimum wage in their tax returns. Small and personal companies do not fall under any kind of “minimum taxable income,” so the tax they are required to pay depends on the content …
[Giorgos Albanidis/APE-MPA] In a plant nursery near Thessaloniki, a Greek family is preparing to distribute nearly 150,000 poinsettias ahead of Christmas, with the majority going to foreign markets. The family’s poinsettia business, which began as a small operation in the 1990s, has grown into a competitive global exporter. Today, over 70% of their products are …
[Intime News] Plans for a National High School Diploma in Greece, a key pledge of the New Democracy government, have faltered amid political hesitation, logistical hurdles, and fears of a public backlash. Proposed as an overhaul to the existing university entrance system, the diploma would rely on school-based examinations combined with standardized test banks. Advocates …