Business
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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 …
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End of an era for Melbourne Greek restaurant Hellenic Republic
George Calombaris has announced he is closing the doors of his Hellenic Republic restaurant in Melbourne after he was forced to pay back $7.8 million to his staff. The former …
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A Greek Australian behind $100m redevelopment plan for Perth’s mall
An investment, promising to change the face of Kardinya suburb in the city of Melville, Perth, is underway, spearheaded by Greek-Australian businessman Con Berbatis. Following 27 years without major works, …
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Athens Stock Exchange places Greece among the world’s top performing markets for 2019
The Athens Stock Exchange (ASE) gained 43.91 per cent in a sustained rebound between January and October and stands at the top of the world stock market performance charts for …
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Dora Moses named Women’s Small Business Champion at Northern Multicultural Small Business Awards – but everyone walks away a winner
There were two Greek finalists at the Northern Multicultural Small Business Awards: Dewdrops Early Learning Centre and Westgarth Pharmacy. Truth be told, Neos Kosmos was there in the hope that they …