‘Champion’ of food inflation
In January Greece had the highest food inflation, not only among the member-states of the eurozone, but also among the 27 member-states of the European Union.
Hyundai wins Bulgaria parliament nod for nuclear reactor talks
South Korea’s Hyundai Engineering and Construction won backing from Bulgaria’s parliament on Friday to proceed with talks on building two nuclear reactors, beating out a bid from US firm Bechtel. The two had been short-listed for the engineering, construction and commissioning of units 7 and 8 at the Kozloduy nuclear plant.
Nostos for Greek adoptees: It’s long past time
Last December, a week before I left Greece for an extended trip to the United States, I launched a petition, the first ever I had attempted. It is titled “Nostos for Greek Adoptees.”
Stournaras: ECB won’t have information to decide on interest-rate cuts until June
The European Central Bank won’t have enough information to decide on interest-rate cuts until June, even as inflation seems to be on track to reach the 2% target this year, Bank of Greece chief Yannis Stournaras has said.
Group sentenced over illegal excavation for gold coins
An appeals court in Thessaloniki has handed a 74-year-old man a four-year jail sentence, which he can buy off, and five co-accused a 12-month prison term suspended for 3 years for their role in an illegal excavation for gold coins in a protected structure in Veria.
Ukrainians in Greece to mark 2nd anniversary of Russian invasion
Ukrainians in Greece will hold a march and rally in Athens on Friday to mark the second anniversary of Russia’s invasion and occupation of parts of their country. A “march of resilience” will proceed from Panepistimio metro station to Syntagma Square at 5 p.m., which will be followed by a rally at Syntagma.
Democrats Abroad organize primary in Athens and Thessaloniki
The Democrats Abroad Global Presidential Primary kicks off on March 5, as Democrats Abroad members around the world participate in selecting the Democratic Party candidate for president for the 2024 General Election this November.
History in the making as Alexandroupoli FSRU receives first shipment of US LNG
On February 18th the floating storage regasification unit in Alexandroupoli received its first test shipment of US liquefied natural gas. In other energy news, it looks like decision time has come for hydrocarbon surveys off Crete.
Double interest rate margin
The fact that the interest rate margin in Greece has been double the European average supports the high profitability of the country’s four systemic banks.
DoValue plans to diversify beyond non-performing loans after €19 mln net loss
Italian debt recovery company doValue, which is also active in Greece, plans to diversify its sources of revenue beyond non-performing loans, its CEO said on Friday, after it reported a €19 million net loss for 2023.