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GD         Turnover  mln.
Weekly gains of 4.87% for the General Index The market continued on a strongly positive ground adding another 3.27% on turnover of 156.79 m above its year to date average volume. The awakening of the banking sector, completed the picture, with the banking index adding +4,82%.

Piraeus Port approves agreement for new investments by COSCO

According to the investment plan, Piraeus Container Terminal a subsidiary of Cosco Pacific Limited will build and exploit the West Pier III facilities at the OLP Container Terminal, construct the Petroleum Products Pier and upgrade with new equipment Pier II and East Pier III.

IMF sees no need for fiscal measures in 2014

The International Monetary Fund insists that Greeces debt needs to be restructured and is waiting for the issue to be discussed this fall in the context of the Greek economys next assessment, a spokesman confirmed.

Geopolitical Tensions Weigh on German Economy

Geopolitical Tensions Weigh on German EconomyThe lead indicator of the Ifo Institute declined to 108.0 in July after 109.7 in June, the Munich-based group reported Friday. Experts polled by The Wall Street Journal expected a decline in the lead indicator to 109.4. This marks the third straight decline in the lead index.

EU praises Greeces progress in departure from troika criticism

EU praises Greece’s progress in departure from troika criticismOverhauls in Greek markets, the economy and public administration are delivering results, the Commissions Task Force said today in its quarterly report, signaling divisions among official creditors over the countrys progress.
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Tourist arrivals exceeded 3.5 million in January -May

Arrivals from third countries increased 14.7 pct to 1.497 million.

Greek parliament passes bill on tourism

The bill fosuses on the simplification of the licencing procedures for the tourism businesses.

Aegean: Announces expression of interest in Cyprus Airways

The company announced that it has applied to enter the first stage of the process.

PPC to invest 180 mln euros on windpower projects‏

The board also approved an investment to build a windpower park in Crete.

Intralot signs amendment extending its contract in Washington until 2020

The extension provides that INTRALOT will continue to offer the DC Lottery and Charitable Games Control Board.

G: Two thirds of Greek enterprises face problems in debt servicing

t least one third of enterprises are in a fully healthy condition.

PPC announces cheaper electricity rates‏ for SMEs

For household customers with electricity consumption of up to 800 kW over a four-month period.

Regling: Portugal, Greece have money on hand if banks need

Portugal and Greece have money set aside to recapitalize their banks.
Ifo’s Sinn Urges Debt Cut to End Southern Europe’s Crisis

Ifos Sinn Urges Debt Cut to End Southern Europes Crisis

With debt burdens at almost unbearable levels, we need a debt conference in Europe to grant partial debt relief to the southern countries, Sinn said. This has to be negotiated jointly, since it involves several countries.
S&P: Greece continues to face weak economic prospects

S&P: Greece continues to face weak economic prospects

Standard & Poors classified the banking sector of Greece (Hellenic Republic; B-/Stable/B) in group 10 under its Banking Industry Country Risk Assessment (BICRA) methodology (on a 1-10 scale, with 1 representing the lowest risk).
Why there is no quick solution for the Eurozone crisis

Why there is no quick solution for the Eurozone crisis

When writing about the current Eurozone crisis commentators often seek the answers for the seemingly erratic economic behavior of the southern members, in the particular cultural and social characteristics which distinguishes them from Europes core. Article by Dimitrios A. Ioannou and Christos A. Ioannou.



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