Capital Market Commission

Athens-listed Attica Group is expected to open the book for a new bond issue on July 17 or 22, depending on how fast the Capital Market Commission issues the necessary approvals. This will make Attica the first enterprise to tap the favorable climate in capital markets concerning Greece and the drop of Greek bond yields to historic lows.

The Capital Market Commission's report showing foreign funds maintaining their short positions in local bank stocks resulted in a notable decline for the credit sector at the start of the week. However, non-bank blue chips managed to push the benchmark into positive territory at the end of the session despite the bank sector slump.

Athens-listed Fourlis Group has discerned investment opportunities in the commercial property sector in Greece and the broader region of Southeastern Europe, and is in the process of setting up a real estate investment company (REIC).

Greece's first real estate investment company (REIC) set up entirely by foreign funds has received an operating license from the country's Capital Market Commission. Called Orilina Properties, the firm is a vehicle of US investment group Brevan Howard for penetrating the local market.

A court in Athens ordered the freezing of all bank accounts and safe deposit boxes used by the Koutsolioutsos family, the founders of the troubled jeweler Folli Follie, as well as those of the company's board members, amid a judicial probe into Folli's finances.

The inspection by Alvarez & Marshall on the activity of troubled luxury jewelry maker and retailer Folli Follie in Asia last year has revealed huge discrepancies, Kathimerini understands, which led late on Tuesday to the resignation of company founders and leading executives Dimitris Koutsolioutsos and Ekaterini Koutsolioutsou.

The Finance Ministry tabled a draft law in Parliament on Thursday that provides for the immediate repayment of deducted income tax and value-added tax to corporations and individuals for amounts up to 10,000 euros.

The rebates will be paid out without the prior scrutiny of each taxpayer, although the tax administration will be granted the right to perform random checks.

Inspections into the finances of troubled luxury jewelry maker and retailer Folli Follie by Alvarez & Marsal and Ernst & Young point to a hole of 280 million euros in the company's 2017 figures, sources have told Kathimerini.

News that a creditor of luxury jewelry maker Folli Follie Group has terminated its loan agreement with the company could be the beginning of the end for the troubled firm, Gabriel Grego, the head of equity fund Quintessential Capital Management (QCM), told Kathimerini on Thursday.

The Capital Market Commission has slapped Athens-listed Folli Follie Group and nine board members or officials with a fine of 4.02 million euros for market manipulation and violation of rules regarding data submission.