Greece offers residence to foreign investors
Greece will be offering residence to non-EU investors purchasing or renting property over 250,000 euros ($326,000), in a bid to revive its moribund real estate industry, officials said on Monday.
Greece will be offering residence to non-EU investors purchasing or renting property over 250,000 euros ($326,000), in a bid to revive its moribund real estate industry, officials said on Monday.
In a nursery of a private maternity hospital in Athens, three mothers feed their newborns while another three babies nap nearby.
Greek unemployment climbed to 26 percent of the workforce in the fourth quarter of 2012 compared with 20.7 percent in the corresponding period a year earlier, the state statistics agency said on Thursday.
Greece’s Finance Ministry says state-run lender Hellenic Postbank will be split up following a failed attempt to privatize it earlier this month.
The euro lost ground in Asian trade Monday after hitting a seven-month high on the yen as jittery markets look to a meeting later in the day aimed at finalising a bailout deal for debt-hit Greece.
The World Bank is discussing providing technical assistance to struggling Greece and Portugal in a rare deployment of its resources to developed economies, a bank official said Monday.
The world’s markets may believe that the worst of the financial crisis in Europe is over after three turbulent years, but those people who control the purse strings of the world’s businesses are not breathing any easier.
Efforts to restore investor confidence in Greece’s struggling economy took a double blow this week when a major European bottler and a prominent dairy company announced relocation plans.
Greece enters the final stretch on a tough new round of austerity cuts with the return of creditor auditors this week after a breakthrough in arduous talks between its political leaders.
French President Francois Hollande said Saturday after talks with the Greek prime minister that crisis-wracked Greece must stay in the eurozone but first needed to prove it is determined to slash its budget deficit.
Local government and business leaders of the Greek city of Thessaloniki are open to enhancing business ties with the Philippines.
Asian stock markets were mostly lower Tuesday, as relief from Greece’s election results evaporated amid worries that the financial crisis in the 17 nations that use the euro was far from over.
