Major shipbuilding countries to participate at the Posidonia 2016

Major shipbuilding countries to participate at the Posidonia 2016

01/02/2016 ENstaff maritime, Posidonia 2016, shipbuilding companies, shipping trade event

Among them is China, Singapore, Hong-Kong, Malta and Cyprus and newcomers such as Luxemburg, UAE and Canada.

Bank of Greece Governor Yannis Stournaras talks to FT

30/01/2016 ENstaff Bank of Greece, banks, debt, economy, fiscal policy, Greece, institutions, privatisations, Stournaras, troika

STOURNARAS: “Greece is in the frontline because we have thousands of kilometers of coastline, so it is very difficult to control the refugee wave. Now, the analysis we have done and we have presented abroad, is that from the refugee problem the benefits mainly go to the host countries and the costs mainly stay with the transit countries…”

DAVOS/SWITZERLAND, 23JAN16 - Christine Lagarde, Managing Director, International Monetary Fund (IMF), Washington DC speaks during the Annual Meeting 2016 of the World Economic Forum in Davos, Switzerland, January 23, 2016.

WORLD ECONOMIC FORUM/swiss-image.ch/Photo Moritz Hager

econ/biz

Cautious optimism for 2016 global economy

24/01/2016 ENstaff China, Christine Lagarde, Europe, global economy, IMF, India, Japan, UK

Global growth is estimated at 3.4% and 3.6% in 2017. “We see global growth in 2016 as modest and uneven,” said IMF managing director Christine Lagarde at the World Economic Forum.

econ/biz

Cosco Group obtains 67% of Piraeus Port Authority

21/01/201621/01/2016 ENstaff China, COSCO, economy, HRADF, investments, OLP, Piraeus Port, privatisation

China’s Cosco Group will obtain 67 pct of Pireaus Port (OLP) after the company submitted an improved offer of EUR 368.5 million (€22/per share) Greece’s privatization fund (HRADF) said in a news release.

econ/biz

Arrivals increased by 5.7% in 2015

15/01/2016 ENstaff airports, arrivals, greektourism, SETE, tourism

Tourist arrivals at Greece’s major airports increased by 5.7 percent in 2015, compared to 2014, according to figures published by the Association of Greek Tourist Enterprises (SETE). The total number of arrivals reached 15.5 million.

econ/biz

Chinese Cosco sole bidder for stake in Piraeus Port

12/01/201616/01/2016 ENstaff China, COSCO, HRADF, OLP, Piraeus Port Authority, privatisation

A binding financial offer for the sale of a 67% shareholding in Piraeus Port Authority SA, was submitted by Cosco Group (Hong Kong) Limited.

econ/biz

Eldorado Gold announces amended investment plans in Greece [upd]

12/01/201616/01/2016 ENstaff Canada, Eldorado Gold, Hellas Gold, investments, Skouries project

Construction and development activities at the Skouries Project will be suspended due to incomplete licensing procedures. The company said this was the result of the “actions and/or inactions” of the Ministry of Energy and Environment.

econ/biz

FinMin Tsakalotos tours Eurozone capitals

12/01/2016 ENstaff bailout review, Eurozone, Finance ministry, government, reforms, social security, Tsakalotos

Finance Minister Euclid Tsakalotos is on a tour of Eurozone capitals to promote Greece’s progress in its fiscal adjustment and the social security reform as well as to discuss the upcoming first bailout review.

econ/biz

Arrivals from Europe increased in Jan.- Sep. 2015

11/01/201611/01/2016 ENstaff arrivals, greektourism, Hellenic Statistical Authority, tourism

A significant increase is observed in arrivals from Bulgaria, FYROM, Germany, the UK, Italy and Poland, while a decrease is recorded in arrivals from Russia and Serbia.

econ/biz european union

Euro area unemployment rate at 10.5% in November 2015

07/01/2016 ENstaff EU, euro area, EUROSTAT, Eurozone, Greece, unemployment

This is the lowest rate recorded in the euro area since October 2011, according to Eurostat. Greece maintains high unemployment rates.

interviews people

Ambassador of Norway:”The challenge for the Greek economy is its competitive edge and its business climate” [interview]

07/06/2016 ENstaff

The Ambassador of Norway in Athens, His Excellency Jørn Eugene Gjelstad, spoke to EmbassyNews.net and commented on the current developments in Greek and European politics, the economy and the refugee crisis.