United Kingdom


Greece accepts Snam-led consortium's offer for gas grid DESFA

ATHENS Greece has accepted a 535 million euro (466.31 million pounds) offer from a consortium led by Italy's Snam for a majority stake in gas grid operator DESFA, naming it the "preferred investor", its privatisation agency said on Thursday.

Oil and gas firm Energean to boost east Mediterranean output 12:37pm BST

LONDON Freshly London-listed Energean Oil & Gas is boosting its Greek output and expects first gas from its Israeli fields in the first quarter of 2021, making it one of the biggest independent energy firms operating in the eastern Mediterranean.


Greece needs post-bailout arrangement to help reforms - EU 6:45am BST

WASHINGTON The WASHINGTON story headlined "Greece needs post-bailout arrangement to help reforms - EU", was inadvertently released ahead of a 1230 GMT, April 19 embargo.


Greece submits bill on coal-fired plants sale, union threatens strikes 2:23am BST

ATHENS The Greek government submitted a bill to parliament on Wednesday opening the way for the country's dominant power utility PPC to begin selling coal-fired plants in May, a move strongly opposed by workers who have threatened strikes in protest.


Greece launches tender for Hellenic Petroleum privatisation 18 Apr 2018

ATHENS Greece launched an international tender on Wednesday to sell a majority stake in its biggest oil refiner, Hellenic Petroleum , as agreed under its third international bailout.


Greece asks Snam-led consortium to improve offer in gas grid sale 16 Apr 2018

ATHENS Greece's privatisation agency on Monday asked a consortium led by Italy's Snam , which made the highest bid for a 66 percent stake in gas grid operator DESFA, to further improve its offer.


Greek communists try to fell Truman statue in Syria protest 16 Apr 2018

ATHENS Greek communist party (KKE) supporters tried to take down a statue of former U.S. president Harry Truman in Athens on Monday during a protest against air strikes on Syria by the United States, Britain and France.

Greek bank NBG signs loan deals with EU fund to support small business 16 Apr 2018

ATHENS The European Investment Fund (EIF) on Monday signed three loan guarantee agreements with Greece's National Bank (NBG) worth 640 million euros ($791.04 million) to provide funding to small and medium-sized businesses to support the Greek economy's recovery.


All Greek banks seen passing ECB's stress test, NBG says 16 Apr 2018

ATHENS Greek banks will pass the European Central Bank's (ECB) stress test of their financial health, the chief executive of the country's second-biggest lender, National Bank (NBG) , said on Monday.


Uber to suspend service in Greece after new legislation 05 Apr 2018

ATHENS Ride-hailing service Uber said on Thursday it would suspend its licensed service in Greece after the approval of local legislation which imposes stricter regulation on the sector.