Latest News from Greece

Greece to issue new 10-year bond

Greece is making its first market foray for 2021, probably on Wednesday, with the issue of a new 10-year bond to further strengthen its cash reserves. The market had more or less expected a 10-year note, despite some investment companies foreseeing longer issues.

ATHEX: Half-hearted recovery at stock market

The stock market's reaction after three days of losses proved half-hearted on Tuesday, as the early recovery was contained later on, with most bank stocks posting losses. Some traders will have decided to save some of their liquidity for the new 10-year bond issue, which Greece announced on Tuesday halfway through the trading session.

Ioannis Ktistakis elected judge to ECHR

Ioannis Ktistakis, an Associated Professor of Law at Democritus University in Thrace was elected Tuesday as judge to the European Court of Human Rights in respect of Greece by the Council's Parliamentary Assembly.

Exploratory talks, support and objections

In his recent interview with Kathimerini, former prime minister Antonis Samaras put forward a number of arguments concerning the exploratory contacts between Greece and Turkey and shed light on an important aspect of the issue by expressing the belief - shared by a part of Greek society and certainly by a large part of the ruling center-right party - that it is not in Greece's interest to negot

Dialogue and deterrence

Monday was marked by the start of exploratory talks between Greece and Turkey and the finalization of the agreement with France for the purchase of 18 Rafales.

Greece is showing that it can discuss whatever can be discussed and at the same time arm itself in case it is again challenged to respond in the field. 

Tour operator offers optimism

The activity of leading German tour operator TUI in Greece could, under certain conditions, more than double this year compared to 2020, sources from the travel group tell Kathimerini. They explain that plans for 2021 provide for the utilization of 80% of available capacity in Greece compared to the record year of 2019, which is used as a yardstick.

EU approves more state aid to boost car batteries industry

The European Union has approved 2.9 billion euros in subsidies from 12 member countries for a second pan-European project to develop the electric battery industry and move away from its reliance on Asian imports.

Athens University teams up with Yale for Covid-19 treatment drug

Researchers from the University of Athens who spearheaded a successful clinical trial into the effects of colchicine in the prevention of complications caused by Covid-19, have teamed up with colleagues at Yale to carry on studying the benefits of the anti-inflammatory drug that was recently approved in Greece and other countries for treating the novel coronavirus.

Greece mandates investment banks for new 10-year bond issue

Greece mandated investment banks Barclays, Citi, Deutsche Bank, Morgan Stanley, Nomura and Eurobank to jointly lead manage the issue of a new 10-year bond, its debt agency (PDMA) said on Tuesday.

"The syndicated transaction will be launched in the near future, subject to market conditions," the debt agency said without providing details on the size of the issue.

New cold snap bringing showers and snow to many parts of Greece

A fresh bout of wintry weather that swept into Greece on Monday and Tuesday has whipped up gale-force winds and brought storm clouds over many parts of the country, and is also pushing temperatures down to single digits and below.