Probe launched into suspected bank cartel, as fresh raid carried out

Competition Commission officials launched extensive inspections without prior warning at the headquarters of the country's four systemic banks as well as the Hellenic Bank Association (EET) and DIAS Interbank Systems on Thursday, in a bid to probe possible cartel practices regarding customer charges.

PM to discuss new fees with bankers on Thursday

The new charges banks have imposed on most of their services customers' transactions will be discussed in a meeting of Prime Minister Kyriakos Mitsotakis with the heads of the country's biggest banks on Thursday.

The new charges are an effort to offset the sector's losses from interest takings, which have been in constant decline over the last few years.

Sterner Stenhus to acquire 50 pct stake in Pasal

Swedish-owned property investment group Sterner Stenhus, managed by Elias Georgiadis, is expected to serve as the "white knight" for the Theodoridis family's Pasal Development.
Kathimerini understands Georgiadis has reached an agreement with Pasal's owners to acquire a stake of around 50 percent of the listed developer through a share capital increase in the coming months.

Race against time

The euphoria among Greek business circles after July's election is beginning to spread abroad, albeit slowly. However, it will take a systematic and coordinated effort to convince serious investors and funds to put their money on our country. Greece's bankruptcy and crisis are still very fresh in the minds of investors.

Minister steps in to stop contentious auction

The auction of a primary residence belonging to a family affected by the 2018 deadly wildfire in Mati in eastern Attica, which on Wednesday sparked clashes between riot police and communist unionists, has been suspended following an intervention by Development and Investments Minister Adonis Georgiadis, state-run Athens-Macedonia news agency (ANA-MPA) reports.

Mitsotakis finalizing TIF speech amid push for investment

Prime Minister Kyriakos Mitsotakis is putting the finishing touches to his scheduled speech on Saturday night at the Thessaloniki International Fair, where he is expected to announce a series of fresh tax cuts in line with pre-election promises and to underline the need for foreign investments to boost growth.