Eldorado confirms commitment to its investment in Greece


The management of Eldorado Gold has said it is determined to stick to its investment in Greece in spite of its decision to write down its Greek assets.

"Based on our long-term planning, we remain committed to the investment and the assets of the company in Greece and the expected benefits for the company’s shareholders," Eldorado’s chief executive officer, Paul Wright, stated in the context of the announcement of the firm’s provisional financial results for 2015 and the estimates for 2016 on Monday.

Sources of subsidiary Hellenic Gold told Kathimerini that the asset write-down does not mean the parent company wishes to leave Greece.