Cretan Chronicles

Greece in the news...

• RPT-UPDATE 1-Greek Folli H1 net up 12 pct, beats forecasts
  Reuters - USA
  The acquisition of a majority stake in Greek apparel retailer Elmec (ELMr.AT: Quote, Profile, Research, Stock Buzz) through duty-free unit Hellenic Duty ...

  UPDATE 2-Greek National Bank net up 15 pct, beats forecasts
  Reuters - USA
  Greek bank stocks , star performers in 2007, have shed 35 percent of their market value so far this year, hurt by the global market rout, funding concerns ...

  Greek Folli H1 net up 12 pct, beats forecasts
  Reuters - USA
  ATHENS, August 28 (Reuters) - Greek jewellery retailer Folli Follie (FOLr.AT: Quote, Profile, Research, Stock Buzz) said on Thursday first-half net profit ...

  Ex-Toronto FC winger Robert signs with Greek club
  SI.com - USA
  By Chris Paraskevas, Special to SI.com, Goal.com Greek Super League side Larissa has continued its impressive offseason recruitment drive, ...

  UPDATE 1-Greek National Bank net up 15 pct, beats forecasts
  Reuters - USA
  ATHENS, Aug 28 (Reuters) - National Bank (NBGr.AT: Quote, Profile, Research, Stock Buzz), Greece's largest lender, said on Thursday first-half net profit ...

  Greece raises 1.92 bln euros in oversubscribed 10-yr reissued bond ...
  Forbes - NY,USA
  ... billion euros out of a total of 4.824 billion euros in bids for its reissued 10-year bond auction, the Greek Public Debt Management Agency (PDMA) said. ...

  Greek telecom firm OTE posts higher 2Q profit
  CNNMoney.com - USA
  In May, the Greek government and Deutsche Telekom AG struck a deal on sharing OTE ownership and management control. Under the agreement, which Greece's ...

  Greek OTE's Q2 profit grows on strong mobile ops
  guardian.co.uk - UK
  By George Hatzidakis ATHENS, Aug 28 (Reuters) - OTE, Greece's largest telecoms group, on Thursday reported a rise in second-quarter profit that matched ...

  STOCKS NEWS EUROPE-Greek PPC shares fall after H1 below f'casts
  Reuters UK - UK
  Shares in Greece's Public Power Corp (PPC) (DEHr.AT: Quote, Profile, Research) are among the top losers in Europe's FTSEurofirst 300 , losing 5.1 percent ...

  UPDATE 1-Greek telecom firm OTE's Q2 profit up 16.6 pct
  Reuters - USA
  By George Hatzidakis ATHENS, Aug 28 (Reuters) - OTE (OTEr.AT: Quote, Profile, Research, Stock Buzz), Greece's largest telecoms group, said on Thursday its ...

• To Greece, by car, on grease
  guardian.co.uk - UK
  The 'Grease to Greece' rally makes its way to central Athens to promote awareness of alternative biofuels. Photograph: Yiorgos Karahalis/Reuters A group of ...

  Greece, Iceland reaffirm ties
  Athens News Agency - Athens,Greece
  Greece and Iceland on Thursday reaffirmed the good level of their relations, during a meeting between prime minister Costas Karamanlis and his Icelandic ...

  Greece’s Global Finance in €100m healthcare buy
  Private Equity News - London,England,UK
  Global Finance’s €350m South Eastern European Fund, raised in 2006, invests in regional mid-market buy-outs in Greece, Bulgaria and Romania. ...

  GROUP DRIVE TO GREECE USING GREASE
  Motors Today - Peterborough,England,UK
  A GROUP of UK drivers successfully completed a "Grease to Greece" rally today in a series of cars powered by waste vegetable oil. ...

  Greece's Thessaloniki Water doubles H1 profit
  Reuters - USA
  ATHENS, Aug 28 (Reuters) - Greece's Thessaloniki Water Supply and Sewerage company (EYATH) (TWSr.AT: Quote, Profile, Research, Stock Buzz) said on Thursday ...

  Kea island is `the soul of Greece'
  Toronto Star - Ontario, Canada
  "It's the soul of Greece," he says. "With the simplicity of this place, you find yourself." The Kastriani monastery dates back to the early 1700s, ...

  Cosmote Greece adds 392000 new subscribers in Q2
  Telecom Paper (subscription) - Houten,Netherlands
  Cosmote Greece reports Q2 revenues up 4.5 percent to EUR 455.4 million, from EUR 436 million in the year-earlier period. Operating income rose by 7 percent ...

  Greece OTE Q2 Profit Rises to $237 Million
  Cellular-News - UK
  Greece's Hellenic Telecommunications Organization (OTE) has reported that its second-quarter profit rose 16.6 percent to €159.3 million (US$235.6 million). ...

  Greek Thessaloniki Port H1 net sinks 34% on strike
  Reuters - USA
  Net profit at Greece's second-largest container port slipped to 4.3 million euros ($6.36 million) from 6.6 million in the same period last year, ...