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A round up of the latest news concerning Greek businesses and the Greek economy

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A bilateral agreement allowing Greek immigrants to work on a tourist visa in Australia was signed on Wednesday. According to AMNA, tourism Minister Olga Kefalogianni, who signed the agreement, said that “the agreement will come into effect within the next months after being ratified by the Greek parliament. Initially, the bilateral agreement refers to [...]
According to the Association of Greek Tourism Enterprises (SETE) tourist arrivals increased by 30.1% in the largest airports of the country in the first four months of the year, compared with the same period in 2013, reaching 1,315,901 visitors. SETE expects a new record in tourist arrivals this year with 18.5 million visitors and revenues of EUR 13bn, exclu[...]
Greece’s value of import-arrivals reached EUR4bn against EUR3.7bn in March 2013, rising 7% y-o-y (up 16.9% adjusting for oil products imports). That said, March total value of export-deliveries grew by 1.4% y-o-y to EUR 2.2bn compared with EUR2.1m a year earlier (down 5.9%, however, excluding oil products). Moreover, Greek March exports to third, or non-EU, [...]
Environment, Energy and Climate Change Minister Yiannis Maniatis signed the decision that approved the environmental terms for a 38 MW wind park in Peloponnese. According to AMNA, the park will be built on the borders of Achaia and Ilia prefectures, close to the Ancient Olympia, while its construction, according to the ministry, is expected to generate about[...]
TERNA ENERGY, member of GEK TERNA Group, and Abu Dhabi National Energy Company PJSC (TAQA) signed a Memorandum of Understanding, today inAthens,Greece. The MoU was signed in the framework of the top level Joint Cooperation Committee betweenGreeceand UAE. The MoU covers a partnership between the two Companies on investments in the Renewable Power sector mainl[...]
Intralot, based in Duluth, GA, the North American subsidiary of INTRALOT Group, is pleased to announce an amendment to its contract with the Ohio Lottery. INTRALOT will provide its Multi-Purpose Next Generation (MPNG) self-service Lottery machines that will empower players to have an incredible interactive player experience with EZPLAY® Tap Games™, an extens[...]
IBM announced on Tuesday its plans to establish a new Big Data and Business Analytics Centre of Competence in Athens, to expedite its ability to deliver technical and consulting capabilities in the region by drawing on an emerging generation of highly-skilled local expertise. According to AMNA, in a press release, the global IT company stated that the new ce[...]
INTRALOT’s Electronic Gaming Machine (EGM) Interface Board, the iSMIB Protocol Converter, has received the G2S 1.1-EGM Product Certification by the Gaming Standards Association (GSA). iSMIB is a logic unit that handles the interfacing of the EGMs to the iGEM System, INTRALOT’s state of the art multi-venue, multi-protocol EGM monitoring and control system. Th[...]
International investors have started placing money into Greek banks as they anticipate the improving economy will boost profits across the industry, Michalis Sallas, chairman of Piraeus Bank SA, said to Bloomberg. As the country’s deficit narrows and output stabilizes, banks are likely to recover more than they previously projected from struggling borrowers,[...]