News archive of November 2018

EU 'wants' air traffic agreement with Turkey

The European Union has reiterated its willingness to ink a comprehensive aviation agreement with Turkey, particularly after the symbolic inauguration of the new Istanbul Airport, one of the largest airports on the European continent, suggesting it would bring in up to 5 billion euros in additional revenue for the facility.

Turkey mulls 'Kosovo model' for EU visa deal

Turkish FM Çavuşoğlu (R) and EU foreign policy chief Mogherini met in Ankara to discuss Turkey's long-lasting EU membership bid on Nov 22.

PAOK and Olympiakos lose away battles but not their hopes

Olympiakos and PAOK lost on the road at the fifth round of games in the Europa League group stage on Thursday, but could still go through if results go their way in the last round of matches next month.

Malls outperform, benefiting owner Lamda

The healthy performance of shopping centers in Greece has contributed toward the Lamda Development group's swing to profits this year. The group has invested heavily in malls, while the transfer of 50 percent of The Mall Athens played a significant role in turning the losses of 22 million euros in January-September 2017 into profits of 26.6 million in the same period this year.

QCM denies involvement in Intracom

Investment firm QCM denied on Thursday any involvement in Intracom's stock price decline this week, describing an internet report on the matter as "fake news." The denial sent the stocks of the Greek group and its subsidiary Intralot soaring in Thursday's trading session.

Moody's: BoG plan 'credit positive'

Moody's views the Bank of Greece plan to manage nonperforming loans as a credit positive development for the country's lenders. The rating agency said in a report on Thursday that the plan will also improve the quality of banks' asset portfolios thanks to the reduction in the rate of deferred tax credits.

Healthcare and education are understaffed

The domains of healthcare and education are considerably understaffed in Greece in comparison with the average levels in other European Union member-states, which according to a special study by the Fiscal Council is partly attributed to the economic crisis.