General Council

Activity report of Bucharest City Hall shows lack of communication with citizens (civic organizations)

The main conclusions of the activity report of the last year of the General mayor and the General Council of the Bucharest Municipality (CGMB), released on Wednesday by ActiveWatch, CeRe and OPTAR, target the lack of communication with citizens - only 1.6 percent of the draft bills being subject to public debate, the actual vagueness of the activity of the municipal companies or the lack of maj

Head of Attica Bank dies at 69

Prominent Greek banker Giorgos Michelis, who was appointed as Chairman of the Board of Attica Bank in late March, died on Saturday at the age of 69.

Michelis had many years of banking experience having served as CEO of Bancpost, a subsidiary of Greece's Eurobank in Romania, general manager of Emporiki Bank and executive vice president and chief operating officer at Egnatia Bank.

Metro strike, postponed

The General Council of 'Unitatea' - Metro Free Trade Union (USLM) decided on Tuesday to postpone the launch of the general strike until after a first meeting with the new Transport Minister, informs USLM.

Greek central bank pledges financial assistance to fire victims

The Bank of Greece announced on Thursday it will donate five million euros to help people affected by the deadly wildfires of 23 and 24 July that killed at least 83 people in Attica and assist in reconstruction efforts.

The central bank said it convened an extraordinary meeting of its general council at the request of its Chairman, BoG Governor Yannis Stournaras.

US company ONEX owned by Panos Xenokostas to buy Neorion shipyard

Ambassador Geoffrey Pyatt stressed once more the importance of Greek-American strategic partnership and U.S. interest in investing in Greece.

U.S. interest in investing in Greece is growing fast and major American companies are ready to move in strategic sectors of Greek economy.

Bloomberg details Greece's 'long hot summer' of financial obligations

Bloomberg detailed the dates, deadlines and sums involved for the Greek government this summer, in the wake of frustrated talks with institutional creditors. Bloomberg, in fact, a keen “Greece watcher” since the sovereign debt crisis first erupted in the last quarter of 2009, referred to “hurdles”.