BUSINESS Tourism

Athens woos tourists in December too

ILIAS BELLOS

Athens’s popularity as a destination for tourists has grown considerably, with landmark hotels the Grande Bretagne and King George reporting occupancy rates at almost 60 percent in what is shaping up to be their best December in 15 years.

BUSINESS Stocks

ATHEX: Banks index recovers this year’s losses

The continued drop in sovereign bond yields and the growing effort to dress up portfolios before year-end saw the majority of stocks chalking up more gains on Friday, when trading surpassed the 100-million-euro mark for a second day.

BUSINESS Privatizations

OLTH deal signing is postponed

ILIAS BELLOS

The saga over a majority stake in Thessaloniki Port Authority (OLTH) took another twist on Friday as the signing of the concession of 67 percent of shares was suddenly postponed due to problems with the Russian bank that had issued the letter of guarantee for the transaction.

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IN IMAGES

Elderly fight for their pensions

Greek pensioners take part in a demonstration against austerity measures that include further cuts to their income, outside Parliament in central Athens, on Friday. Thousands of elderly people took part in the rally which paralyzed traffic in the center of the Greek capital. "They are taking money from us that took a lifetime of effort to earn and which we owe no one," said the head of the association of pensioners at the Social Security Foundation (IKA), Dimos Koumbouris. The pensioners also protested government tax hikes and increases in social security contributions. [ANA-MPA]