BUSINESS Economy

Long-term jobless figure grows

Almost three in every five jobless Greeks have been out of work for a year or more, even though the overall number of people registered as unemployed at the Manpower Organization (OAED) posted a decline in September.

BUSINESS Stocks

ATHEX: Benchmark sheds 1.6 pct over the week

While most international stock markets are experiencing big gains and historic highs, the Athens bourse remains stagnant as the Greek economy has yet to rid itself of lingering uncertainties and political obstacles.

BUSINESS Banking

Alpha announces securitization of shipping loans

Alpha Bank announced on Thursday it has successfully completed its second financing transaction of $250 million through shipping securitization with Citi, following the inaugural shipping securitization issuance of $500 million in 2014.

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IN IMAGES

More migrants living in tents on Lesvos amid rising tensions

Migrants are seen at the reception facility near the village of Moria on Lesvos on Friday. Tensions are rising at the facility, which was designed to accommodate 2,000 people but is hosting around 5,500. This escalated into violence earlier in the week but police did not intervene with tear gas as they have done in the past due to the presence of more than 1,000 children at the camp. In a bid to prevent further unrest, police set up barricades between migrants of different ethnic groups. Overcrowding has led authorities to set up tents around the perimeter of the camp. [Stratis Balaksas/ANA-MPA]