News archive of April 2023

Goldman Sachs report points to strength of Greek banks

Four issues mostly concern investors with regard to Greek banks, says Goldman Sachs in a report, while reiterating its positive attitude toward the sector's prospects in view of the first-quarter results.

It says it has received several questions from investors regarding liquidity position, exposure to commercial real estate, capital adequacy and asset quality.

Fighting enters third week in Sudan despite new truce

Warplanes on bombing raids drew heavy anti-aircraft fire over Khartoum on Saturday as fierce fighting between Sudan's army and paramilitaries entered a third week, despite a renewed truce.

COVID-19 in Bulgaria: 178 New Cases in the Last 24 hours

The new cases of COVID-19 in Bulgaria in the last 24 hours are 178, according to the data of the Unified Information Portal.

During the day, 2,345 tests were performed, of which 7.6 percent were positive. There are 2,900 active cases, and 78 people have been reported as cured.

Inflation also hurts e-grocers

The electronic supermarket basket is getting smaller and smaller, as price increases lead consumers to order fewer products, the same as what happens when they visit a physical store.

At the same time, the share of private label products is growing, which are also increasingly chosen by consumers when ordering from online supermarkets.

Historic Athens edifice set for revamp

The City of Athens has been granted a 25-year lease on a historic building on the corner of downtown Stadiou and Santaroza streets that once housed Greece's first National Printing Office, it was announced on Thursday.

Mitsotakis: Greece needs to continue on path to innovation

The government has taken significant steps to reduce the national debt, to attract investments and create new jobs, and to support households and the country needs to stay on that path, Prime Minister Kyriakos Mitsotakis told the Delphi Economic Forum on Friday.

US confiscates Iran oil cargo on Greek-managed tanker amid Tehran tensions

The US confiscated Iranian oil on a tanker at sea in recent days in a sanctions enforcement operation, three sources said, and days later Iran seized another oil-laden tanker in retaliation, according to a maritime security firm.

The vessel is managed by Greece-based Empire Navigation.

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