Greek industrial output rises
Greek industrial output rose in December for the first time in six months, adding to signs that the economy may be bottoming out after a six-year slump.
- Published in Greece
Government contemplates bank privatizations
The possibility for an immediate return of three banks to the private sector is being examined by the government. A bill to be tendered on 20 January will make possible the privatization of Ethniki, Piraeus, and Alpha Bank.
- Published in Greece
Eurobank Managers Take Pay Cuts
Eurobank's high level management staff, among them the general managers of the management board have agreed to accept a proposal by CEO Hristos Megalou for a decrease of 17% in pay.
- Published in Economy