BUSINESS Markets moodys-thumb-large-thumb-large

Moody’s report awaited Friday

Moody’s credit rating report comes out on Friday, with turbulent global markets also affecting the Athens Stock Exchange, whose main index has lost 12 percent this month. 

BUSINESS Business cretafarm-thumb-large--2

Creta Farms shareholders continue standoff

Financially troubled deli producer Creta Farms is in limbo, with its creditors refusing to accept any solution other than brothers Manolis and Konstantinos Domazakis, who own an 80 percent stake, putting their shares up as collateral for a new 8-million-euro loan. 

BUSINESS Tourism beach_seabeds_web

Numbers of German tourists decline

ILIAS BELLOS

A recession at home, combined with Greek hotels’ loss of competitiveness, due to their being overburdened by taxation, and the recovery of destinations such as Egypt and Turkey, has led to a drop in the number of German tourists this year. 

BUSINESS Economy manufacturing_sidenor_web

Greek manufacturing on way to recovery

Manufacturing production rose 2.6 percent year-on-year in the second quarter of 2019, following a 2.2 percent rise in the first quarter, according to data provident by Greece’s independent statistics authority ELSTAT. 

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IN IMAGES

Antetokounmpo shines in match against Italy in Athens

giannis-basket_web

Greece's Giannis Antetokounmpo, of the Milwaukee Bucks (center) looks to pass the ball, between Italy's Giampaolo Rice (right) and Paul Biligha, during a game at the Acropolis basketball tournament in the indoor Olympic stadium of Athens on Friday. Greece won the game 83 to 63. [Yorgos Karahalis/AP]