MARKET NEWS
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Greece's return to capital markets in 2014
06-03-2014. Greece's return to international capital markets in 2014 was feasible, Stylianos Papadopoulos, head of the Public Debt Management Organization said on Thursday. Papadopoulos predicted that international credit rating agencies will raise the country's rating, reflecting a restructuring of its fiscal data and contributing to the country's exit in international markets. Read More »
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Permission Granted for Greek Island Resort
10,February 2014 By WPC Staff. U.S.-based private equity firm NCH Capital Inc. gained permission from the Greek government to build a resort on the island of Corfu, Bloomberg reports. The firm will spend 23 million euros ($32 million) for the leasehold and invest approximately 75 million euros to develop a hotel, marina and private homes, Andi Ballta, the firm's managing director for the Western Balkans and Greece, told Bloomberg. Read More »
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Greek economy to bottom out in 2014 but small contraction possible-IOBE
ATHENS Thu Jan 30, 2014 4:49am EST - Greece's economy is expected to bottom out in 2014 after a six-year recession, but national output may still suffer a small contraction, Greek think tank IOBE said on Thursday taking a less optimistic view than the government and its international lenders.Athens projects the 183 billion euro economy, which has shrunk by almost a quarter during the protracted slump, will pull out of recession and grow by 0.6 percent this year. Read More »
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Samaras: Greece heading toward an exit from bailout programmes
19-01-2014 Greece is heading toward recovery and an exit from bailout programmes, Prime Minister Antonis Samaras said in Athens on Monday. Speaking at an event organised by the Greek-German Chamber of Industry and Commerce, Samaras appeared confident the country has finally escaped the risk of default and that, through the government's hard work and the sacrifices of its people, Greece's image has changed. Read More »
