Latest News from Greece
Banks encouraged by international interest in plans to cover capital requirements; National set to follow
By Yiannis Papadoyiannis
The Piraeus Group will likely launch its 500-million-euro bond issue on Monday, while bank officials who have been busy promoting the issue at events in London and New York are reporting major investor interest.
A draft bill that was presented for public discussion on Friday and is expected to be submitted in Parliament soon foresees stricter terms for the conditional release from prison of offenders convicted of terrorism as well as more lenient treatment for those who return money swindled from the state.
Bulgaria ranks 46th in a report of property consultants CBRE on the top destinations for expanding global retail chains.
According to the survey, as cited by investor.bg, some 3% of the polled international retail chains expressed interest in expanding their business in Bulgaria.
Macao, India, Oman and Serbia have similar scores.
Politics meets economics amid talks with international lenders.
Panathinaikos suffered on Friday an unexpected home loss to bottom club Laboral Kutxa with a 68-61 score that has dealt a major blow to its chances for qualifying to the quarterfinals of the Euroleague.
It would be fair to say Panathinaikos underestimated Laboral, that had only scored one win in its previous eight games in the second group stage of the competition.
Lenders want public sector pay to drop and no automatic minimum wage rises A man reads the headlines of newspapers hanging from the awning of a kiosk in central Athens on Friday.
The troika has asked Greece to lower wages for new civil servants and to remove automatic pay rises for Greeks earning the minimum wage in the private sector, Kathimerini understands.