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Monthly Archives: July 2024

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Treasury bills auctioned by Public Debt Management Agency

Latest Greek newsBy July 25, 2024Leave a comment

The Public Debt Management Agency announced on Wednesday it had auctioned 26-week treasury bills for the amount of 500 million euros, but the issue had a 2.39 coverage ratio with bids totaling €1,196 billion.

Development minister chairs meeting on Thess INTEC

Latest Greek newsBy July 25, 2024Leave a comment

Development Minister Takis Theodorikakos chaired a meeting on Tuesday about the progress of construction of the fourth-generation technology park Thess INTEC in Thessaloniki, financed with 33 million euros from the Recovery Fund.

Cypriot NPEs remain unchanged

Latest Greek newsBy July 25, 2024Leave a comment

Nonperforming exposures (NPEs) in the Cyprus banking system remained practically unchanged in May, easing slightly to 1.77 billion euros from €1.80 billion the previous month, with the NPE ratio amounting to 7.4% of total loans.

Cyprus under pressure over power link

Latest Greek newsBy July 25, 2024Leave a comment

Important decisions concerning the Great Sea Interconnector, an electric cable linking Cyprus and Greece, are anticipated in August.

Bogus invoices ring gets busted

Latest Greek newsBy July 25, 2024Leave a comment

The Independent Authority for Public Revenue (AADE) has caught 27 companies allegedly involved in cases, as well as criminal rings, of issuing and receiving bogus invoices, it was announced on Wednesday.

European Investment Bank lends DEPA 390 million euros

Latest Greek newsBy July 25, 2024Leave a comment

The European Investment Bank (EIB) is lending Greek energy company DEPA Commercial a total of 390 million euros to build and operate solar-energy farms across the country.

Retail data show decline in consumption in May

Latest Greek newsBy July 24, 2024Leave a comment

Retail business data for May points to a decline in consumption despite an increase in turnover, per figures released by the Hellenic Statistical Authority (ELSTAT) on Tuesday.

Greece seals F-35 procurement deal with US

Latest Greek newsBy July 24, 2024Leave a comment

Athens is expected to send the signed Letter of Acceptance (LOA) to Washington on Wednesday, finalizing the procurement deal for the F-35 fighter jets.

Power subsidy to cost some 35 mln euros

Latest Greek newsBy July 24, 2024Leave a comment

The course of prices in the wholesale electricity market is being monitored day by day and hour by hour by officials at the Energy Ministry.

ATHEX: Benchmark loses more ground

Latest Greek newsBy July 24, 2024Leave a comment

Imported pressure from the tech company results in the US sent Greek stocks down on Wednesday, as the blue chips second-quarter results season begins on Thursday with Mytilineos and most banks following next week.

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