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IMF reiterated its policy views for Greece Further cuts on existing pensions; reduction of tax and social security contribution rates combined with the lowering of income tax credit; ensuring banks have enough capital to allow rapid NPL reduction; and substantial debt relief based on realistic economic assumptions.

Socar to hold DESFA deal talks in Athens

Socar wants the deal to go ahead but at a reduced price after a decision by the govt. to set lower than initially agreed grid tariffs.

The multi-bill with the prior actions to be put to vote tomorrow

n order for the 29 September EuroWorking Group to give the green light for the disbursement of the 2.8bn sub-tranche.

Police in France arrest teenagers in Nice on suspicion of terrorism

Police in France arrest teenagers in Nice on suspicion of terrorismThe suspects confessed to planning an attack in France, but allegedly later abandoned the plot. Several teenagers have been arrested in September on suspicion of plotting terrorist attacks on French soil.

Obama says 50 countries to take in 360,000 refugees

Obama says 50 countries to take in 360,000 refugeesUS President Barack Obama has told a United Nations summit that the global intake of refugees is set to double in 2016. Seven EU states are set to admit at least 10 times more migrants than last year.
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Mitsotakis: I pledge to do everything I can to lead Greece out of the crisis

New Democracy leader Kyriakos Mitsotakis pledged on Saturday to do everything in his power to lead Greece out of the economic crisis, in a speech before representatives of various industry bodies at the 81st Thessaloniki International Fair (TIF).

Aegean reported a 3.7% drop in revenues

The imbalance between demand and supply especially in international routes, exacerbated the underlying weakness in domestic routes.

Building activity decreased by 21.7% y-o-y in June

Building activity retreated by 13% y-o-y over the trailing 12 months, whereas the corresponding volume rose by 16.6% y-o-y over the same period.

Greek Jan-August central govt budget surplus beats target

According to the budget execution (prelim) data, on a modified cash basis, for 8M16 released by the Finance Ministry.

Tsipras: Debt relief will bring the curtain down on a modern Greek tragedy

He said in a speech at the Concordia Summit in New York on Tuesday evening.

Two Greek volunteers awarded with Nansen Refugee Award

The aim of the prize is to draw attention to the difficulties faced by refugees.
Life between hope and despair in Greece

Life between hope and despair in Greece

Greeks refuse to resign themselves to the crisis. The despised ENFIA property tax isnt helping matters. People are constantly reminding the government of its election promises. Now, Athens has promised swift reforms.
Moody’s: Declines in Greek banks’ NPLs and OpEx are credit positive

Moodys: Declines in Greek banks NPLs and OpEx are credit positive

Moodys, in its credit outlook published yesterday, said it considers the decline in Greek banks NPLs formation and the banks reduced cost base in Q216 as credit positive, although loan-loss provisions continue to consume a large part of their pre-provision income.
Nintendo bets on Super Mario for iPhone

Nintendo bets on Super Mario for iPhone

Investors celebrated Nintendos announcement that its popular game franchise Super Mario Bros would debut on Apples new iPhone, sending the companys stock soaring and adding billions to its market value.



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