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  • February
  • Bank of Greece releases December data on credit for domestic private sector

    Caitlin Nordahl | Feb 1, 2017

    The Bank of Greece recently released data on bank credit extended to the country’s domestic private sector in December.

  • HSBC projects possible conclusion of second review of Greek program

    Caitlin Nordahl | Feb 1, 2017

    Following a recent Eurogroup meeting, HSBC believes that Athens’ delayed second review of the Greek program could be concluded by the next meeting on Feb. 20, a move European and Greek leaders agree is in the best interest of all parties.

  • With shift of India Air, all Star Alliance airlines now housed in Heathrow’s Terminal 2

    Caitlin Nordahl | Feb 1, 2017

    Star Alliance, which includes Aegean Air, is now offering passengers at London’s Heathrow Airport more convenience thanks to a move of Air India’s operations from Terminal 4 to Terminal 2, where other Star Alliance airlines are housed.

  • Euroins Romania acquires ATE Insurance Romania’s non-life portfolio

    Caitlin Nordahl | Feb 1, 2017

    Euroins Romania Insurance-Reinsurance SA recently signed an agreement to acquire ATE Insurance Romania SA’s non-life insurance portfolio, a deal that furthers Euroins Romania's diversification goals.

  • Greek merchants that accept payment cards must notify customers or risk fine

    Caitlin Nordahl | Feb 1, 2017

    A new law in Greece requires merchants that accept payments through POS devices to clearly advertise that they take this form of payment or risk a $1,076 fine.

  • Bank of Greece's global economy and markets report shows growth in Euro area PMIs

    Caitlin Nordahl | Feb 1, 2017

    The Bank of Greece’s recent report on the global economy and markets showed growth in Euro area purchasing managers’ indices (PMIs).

  • DEAC to build new data center in Latvia, doubling capacity

    Kathy Adams | Feb 2, 2017

    DEAC, a cloud and IT services company that serves northern Europe, is building a $10.78 million data center in Riga, Latvia.

  • Deutsche Bank loses $2B in fourth quarter due to legal expenses

    Kathy Adams | Feb 2, 2017

    Deutsche Bank posted losses of $2.045 billion during the fourth quarter last year due to high legal expenses.

  • Republic of Srpska to auction treasury bills

    Caitlin Nordahl | Feb 2, 2017

    The Republic of Srpska's Ministry of Finance will conduct its 49th auction of treasury bills on Feb. 6 with a scheduled amount of $5.5 million, which will mature on Aug. 4.

  • ECB lowers Greece's emergency aid mechanism in liquidity

    Caitlin Nordahl | Feb 2, 2017

    The European Central Bank’s (ECB) Governing Council recently granted a request from the Bank of Greece to further reduce the emergency aid mechanism in liquidity (ELA) to $49.83 billion.

  • Discord arises in Greece over insurance, tax issues for doctors, self-employed

    Kathy Adams | Feb 3, 2017

    The Council of State in Greece issued an appeal to the Medical Association for insurance contributions and expenses issued to self-employed individuals.

  • European Central Bank President Draghi says political issues cause economic problems

    Kathy Adams | Feb 3, 2017

    Mario Draghi, president of the European Central Bank (ECB), said that abandoning the euro would not benefit any member of the Eurozone.

  • Finance ministry paying returns on agricultural diesel excise tax

    Kathy Adams | Feb 3, 2017

    Returns on agricultural diesel have been paid by the Greece's Ministry of Finance to beneficiaries for the second half of 2013 and all of 2014.

  • Privatization revenues in Greece fall short of expectations

    Kathy Adams | Feb 3, 2017

    A report by PWC states that revenue from privatizations in Greece over the past six years are far less than the initial $53.89 billion predicted in 2011.

  • Greek finance minister responds to critics over creditor negotiations

    Kathy Adams | Feb 3, 2017

    Greek Finance Minister Euclid Tsakalotos said that only one-third of the deal to finish a second review of the Greek program needs to be resolved after reports that far more remains in regarding negotiations with creditors.

  • Currency, stock market values fluctuate in European markets

    Kathy Adams | Feb 3, 2017

    The main markets in Europe show mixed signals regarding currency growth in various regions during a meeting this week.

  • Classified executives to gather in Belgrade for spring conference

    John Breslin | Feb 5, 2017

    Executives working in the classified advertising industry are preparing to gather in Belgrade for the spring conference of their main representative association.

  • Irish tech start-up finds a home in Romania

    Justin Stoltzfus | Feb 5, 2017

    As popular pundits continue to announce in syndicated columns, the globalized world is getting flatter in terms of commerce.

  • Sofia is a great spot for startup T-shirt company

    Justin Stoltzfus | Feb 5, 2017

    Neil Cocker, an entrepreneur from the U.K., has a mission: to run the fastest, smartest T-shirt ordering website around.

  • Bulgarian capital a good fit for efficiency company Kanbanize

    Justin Stoltzfus | Feb 6, 2017

    With a strong talent community and a business environment that entrepreneurs find favorable, Sofia, Bulgaria, is home to a number of growing tech businesses, including Kanbanize, a startup company that provides small to medium-size business and Fortune 500 firms with workflow management software.

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