BUSINESS Energy

Three suitors for power grid operator

CHRYSSA LIAGGOU

Two European companies and one from China have entered the race for a 24 percent stake in the Independent Power Transmission Operator (ADMIE) that is up for privatization, while one more Chinese firm that took part in the tender is said to have been eliminated for not meeting the requirements.

BUSINESS Banking

BoG: NPLs to keep growing during 2016

YIANNIS PAPADOYIANNIS

The Bank of Greece on Tuesday issued a dramatic call for immediate action on tackling nonperforming loans, stressing that any more lost time will have serious consequences on the real economy and make the country’s return to sustainable growth that much more difficult.

BUSINESS Business

HELEX profits down 41 percent in a year

Hellenic Exchanges, the operator of the Athens Stock Exchange, announced on Monday that its first-half net profit amounted to 3.2 million euros, against 5.4 million euros in the same period last year.

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IN IMAGES

Day after on Chios island

Charred trees in Elata village, after a wildfire that broke on Chios island, Greece, Tuesday. The huge wildfire that broke out early Monday on the island of Chios which has burned 3,500 hectares of forest and farm land, has been set under control. Over 90 percent of the mastic trees at the villages of Lithi, Elata and Vessa were destroyed while a large number of mastic trees were burned at the villages of Mesta, Armolia and Pyrgi.  [Kostas Kourgias/EPA]