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Hotel contracts with a ‘Greek default clause’
By Stathis Kousounis
After the drachma clauses seen in tourism contracts, foreign tour operators are now forcing hoteliers in Greece to sign contracts with a Greek default clause.
 INSIDE BUSINESS
Hotel contracts with a ‘Greek default clause’
After the drachma clauses seen in tourism contracts, foreign tour operators are now forcing hoteliers in Greece to sign contracts ...
Listed firms have whisked away most of their cash reserves
Listed companies have felt compelled to whisk their cash reserves abroad as the liquidity shortage increases uncertainty among loc...
Car sales drop a gear on VAT rate uncertainty
Different scenarios of changes to value-added tax rates have paralyzed the car market in the last couple of weeks. Expectations fo...
Bulk of loan requests comes from food service
The Greek growth model for small and medium-sized enterprises during the period of the crisis will have to change, senior banking ...
Greek yields climb after Riga summit
German bond yields headed for their first weekly fall in five weeks on Friday as the market focused again on central banks’ contin...
Georgios Michelis said to be next HFSF chief
Georgios Michelis, a former executive at Emporiki Bank, is on track to become chairman of Greece’s bank rescue fund, according to ...
Italian finance minister sees Grexit as bigger risk in medium rather than short term
Greece crashing out of the euro, or ‘Grexit,’ doesn’t pose a short-term risk to the shared European currency but a medium-term one...
more business  

Bulk of loan requests comes from food service
 
By Alekos Lidorikis
The majority of demands for corporate financing in the past few years have been coming from cafes, bars, souvlaki shops, bakeries, pastry shops and anything related to food at any time of day, according to senior corporate finance officials who spoke with Kathimerini.

Listed firms have whisked away most of their cash reserves
 
By Anestis Dokas
Listed companies have felt compelled to whisk their cash reserves abroad as the liquidity shortage increases uncertainty among local entrepreneurs.
 
ANALYSIS
GREECE & GERMANY
The breakthrough that didn’t come
By Yannis Palaiologos
Even after the formation of the pro-bailout government under Antonis Samaras following the June 2012 elections, eurozone hawks continued to press for a clean break from Greece.
CINEMA
TASSOS BOULMETIS
‘Notias’ travels back to 60s
By Maria Katsounaki
“Notias” tells the story of a boyand his journey from adolescence to adulthood as he tries to make his dreams come true.
CITY LIFE
TATOI
Development back on the table
By Giorgos Lialios
Plans to develop the former royal estate at Tatoi, a short drive from the northern Athenian suburb of Kifissia, are coming back to life.
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4. Tsipras faces down radicals within SYRIZA over terms of deal
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6. Dog attacks seven people in Thessaloniki, including 13-year-old boy
more news
Today
This Week
1. Hotel contracts with a ‘Greek default clause’
2. Neither Grexit nor a dual currency will solve Greece’s problems
3. Listed firms have whisked away most of their cash reserves
4. First aid for the capital
5. Tsipras faces down radicals within SYRIZA over terms of deal
6. New civil service assessment scheme focuses on rewards instead of punishment
Today
This Week
1. The Greek-German breakthrough that didn’t come
2. Conspiracy madness
3. Greece came close to not paying IMF
4. National self-awareness put to the test
5. Albanian demarche raises concerns about possible territorial claims over Greece
6. Greek endgame nears for Tsipras as bank collateral hits buffers
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