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Goody’s no longer on Lonsdale Street, but not gone for good

The closure of Goody’s on Lonsdale Street was unceremonious last week, and a far cry from the pandemonium experienced when the franchise first opened its doors to the public in …

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Peggy Antonakou announced as the new General Director for Google for Southeastern Europe

Peggy Antonakou is the new General Director for Google for the Southeastern European region, a role based in Greece. Ms Antonakou said that the “power of technology to change the …

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Greece to ask debtors to lower primary surplus targets to speed economic revival

Greek Prime minister Kyriakos Mitsotakis has identified the new year as the “start of a decade of constant progress”. Speaking in an interview with Vima, Mr Mitsotakis said within the …

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January marks a whirlwind month of diplomatic activity for Greek government

January promises to be a tough month as the Mitsotakis government is set to embark on a diplomatic drive to counter Turkish expansionism in the region and to secure Greece’s …

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Greek public debt burden on a downward trend and in line with bailout requirements

Greece’s Public Debt Management Agency (PDMA) said in its funding strategy report released on 24 December that the country aimed to borrow between 4 and 8 billion euros in 2020. …

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Japanese ratings agency boosts Greece credit rating two notches to BB

Greece’s credit rating position was upgraded by two places this week by a Japanese rating agency. The Rating and Investment Information (R&I) pushed Greece to a BB rating which is …

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Cyprus signs deal with Chinese-led multinational consortium to build first LNG terminal

The government of Cyprus has signed a 290-million euro deal with a Chinese-led consortium to build the island nation’s first Liquefied Natural Gas (LNG) terminal. The gas will be mostly …

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Lloyds lists 13 Greeks among world’s top 100 shipping chiefs

Maritime specialist Lloyd’s List has included 10 Greeks and three Cypriots in its list of the world’s 100 most influential people in the global shipping industry for 2019. Greek shipping …

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Economic future may look rosy but Greeks are struggling now

Georgios Papandreou, the founder of the Greek political dynasty, once said: “the numbers are up but the people still suffer”. It is a quote that would fit quite easily to …

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Greek banks exposure in the shipping sector more than €8 billion

Shipping revenues have grown by 20 per cent in four years, and Greek banks’ exposure in the shipping sector is in excess of €8 billion, most of it in foreign …