News archive of September 2018

Galatasaray edge out B.B. Erzurumspor 1-0

Galatasaray defeated Büyükşehir Belediye Erzurumspor 1-0 on Sept. 28 evening in Turkey's Spor Toto Süper Lig, the country's top-tier football league.

Turkey bans boats from leaving port ahead of hurricane

Authorities have banned boats from leaving two western Turkish ports on Sept. 29 and Sept. 30 ahead of the expected landfall of Medicane, which was predicted to become the first hurricane in Turkey's modern history.

All options on Ethniki's sale remain on the table for NBG

A meeting of the governing board of National Bank of Greece ended late on Thursday without a decision on the sale of its insurance arm, Ethniki, leaving all options open.

The lender's board has yet to make up its mind on the bid submitted for Greece's leading insurer by Chinese company Gongbao, which has offered 676 million euros for the 75 percent stake that is to be sold.

Property investment companies see revenues rise thanks to rents

Real estate investment companies (REICs) have posted a significant increase this year both in revenues and operating profits as a result of strengthening their portfolios with new assets and the increased value of their properties.

FYROM braces for name change referendum

As citizens of the Former Yugoslav Republic of Macedonia (FYROM) decide in Sunday's referendum whether to change the country's name to North Macedonia, proponents of the "yes" camp are concerned over the possibility of low voter turnout. 

Raising funds could be tricky at the moment for Piraeus

International market unrest makes it harder for Piraeus Bank's management to raise 500 million euros by year-end in line with the capital strengthening plan submitted to the European Central Bank.

Dijsselbloem admits Greek programs were too difficult

Greece's bailout programs were too long, too hard and led to many failures, Jeroen Dijsselbloem, the former head of the Eurogroup, conceded in an interview with the French service of Euronews.

Tsipras at UN: Prespes deal was not 'imposed' by the strongest

The agreement signed between Athens and Skopje last June to resolve the almost 30-year-old dispute over the name of the Former Yugoslav Republic of Macedonia (FYROM) was not "imposed" on the neighboring country, Prime Minister Alexis Tsipras said in a speech at the 73rd United Nations General Assembly in New York on Friday.

ATHEX: Italy's fiscal Medicane strikes Greek bourse too

Local stocks were laid low yesterday by the Italian flu that is ailing not only most eurozone markets but also the euro itself, to say nothing of Greek bonds. Stocks in Athens ended the week in the red on the uncertainty that the unpredictable government in Rome is generating among investors in the weakest link of the eurozone, Greece.