Edition:
United States

George Georgiopoulos

Greece considers capital boost for Aegean Airlines, shares fall

Nov 23 2020

ATHENS Greece is considering a capital injection of around 120 million euros ($142.55 million) for Aegean Airlines, the government said on Monday, adding the nation's biggest carrier was crucial to the tourist-reliant economy.

Exclusive: Alpha Bank picks Davidson Kempner as preferred bidder for $12 billion Galaxy bad loans - sources

Nov 20 2020

LONDON/ATHENS Greek lender Alpha Bank has selected U.S. investment fund Davidson Kempner as its preferred bidder to buy a $12 billion portfolio of non-performing loans in what will be Greece's largest-ever sale of bad debt, sources told Reuters.

EXCLUSIVE-Alpha Bank picks Davidson Kempner as preferred bidder for $12 bln Galaxy bad loans - sources

Nov 20 2020

LONDON/ATHENS, Nov 20 Greece's Alpha Bank has selected U.S. investment fund Davidson Kempner as its preferred bidder to buy a $12 billion portfolio of nonperforming loans in what will be the country's largest ever sale of bad debt, sources told Reuters.

UPDATE 2-Greece sees deeper recession this year, milder rebound in 2021

Nov 20 2020

ATHENS, Nov 19 Greece expects a deeper recession this year than previously forecast after a second lockdown to contain a resurgence in COVID-19 infections and a milder rebound in 2021, its final 2021 budget submitted to parliament on Friday showed.

Turkey's Oruc Reis survey vessel back near southern shore, ship tracker shows

Sep 13 2020

ISTANBUL/ATHENS Turkey's seismic research vessel Oruc Reis returned to waters near the southern province of Antalya on Sunday, Refinitiv data showed, a move Greece said was a positive first step in easing tensions over offshore natural resources.

Greek PM announces tax relief to boost employment, ups defence spending

Sep 12 2020

ATHENS Greece's Prime Minister Kyriakos Mitsotakis on Saturday announced a tax relief package to boost jobs amidst a downturn caused by the coronavirus pandemic, as well as rise in spending to strengthen the country's defence capabilities.

UPDATE 1-Greek fintech Viva Wallet gears up for 500 mln euro fundraising -sources

Aug 14 2020

ATHENS/NEW YORK, Aug 14 Greek payments company Viva Wallet is looking to raise half a billion euros to support its digital banking operations, sources familiar with the plans told Reuters, eight months after securing a banking licence through a merger with Praxia Bank.

Greek fintech Viva Wallet hires Jefferies for 500 mln euro fundraising - sources

Aug 14 2020

ATHENS/NEW YORK, Aug 14 Greek payments company Viva Wallet is seeking to raise half a billion euros to support its digital banking operations, two sources told Reuters, eight months after securing a banking licence through a merger with Praxia Bank.

Greece makes masks compulsory on ferry decks after rise in COVID-19 cases

Aug 03 2020

ATHENS Greece will make mask-wearing compulsory on the decks of ferries sailing to its islands, extending the requirement beyond indoor public spaces, after a sudden rise in coronavirus infections that could put its crucial tourism season at risk.

Greece makes masks compulsory on ship decks after COVID-19 spike

Aug 03 2020

ATHENS, Aug 3 Greece will make mask-wearing compulsory on the decks of ferries sailing to its islands, extending the requirement beyond interior spaces after a recent spike in coronavirus infections, the government's spokesman said on Monday.

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