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National Bank of Greece. In November 2023, the HFSF reduced its stake in NBG from 40.39% to 20,39%. In October 2024, the HFSF sold a 10% stake in NGB and will transfer its remaining 8.4% stake in National Bank to Greece’s sovereign wealth fund at the end of the year. [20] Alpha Bank
According to Greek law every Sunday of the year is a public holiday. In addition, there are nine mandatory, official public holidays: New Year's Day, 6 January, Clean Monday, 25 March,Orthodox Good Friday, Orthodox Easter Monday, 1 May, Orthodox Whit Monday, 15 August, 28 October, 25 December and 26 December. [1]
The Greek government-debt crisis began in 2009 and, as of November 2017, was still ongoing. During this period, many changes had occurred in Greece. The income of many Greeks has declined, levels of unemployment have increased, elections and resignations of politicians have altered the country's political landscape radically, the Greek parliament has passed many austerity bills, and protests ...
Associated Press Those trying to travel to and from Greece will find their plans hampered, thanks two days of strikes that began Tuesday by a Greek trade Greece Strikes Mean Airport Closures and ...
When calculating all sorts of corruption in Greece, the total amount is estimated to be roughly €3.5 billion per year (equal to 1.75% of the Greek GDP). Compared with corruption levels measured by Transparency International for 160 other countries, Greece ranked at 49th in 2004, was down at 57th in 2008, and slumped to 71st in 2009. [28]
Victoria's Secret announced a closure of 333 stores: 30 in 2018, 53 in 2019, and 250 in 2020, up from the previous average of 15 per year. [327] These combined closures amount to about 29% of the brand's stores. The parent company divested itself of La Senza in January 2019, which was further affected [broken anchor] by the retail apocalypse. [328]
On 21 June 2018, Greece's creditors agreed on a 10-year extension of maturities on 96.6 billion euros of loans (i.e. almost a third of Greece's total debt), as well as a 10-year grace period in interest and amortization payments on the same loans. [173] Greece successfully exited (as declared) the bailouts on 20 August 2018. [174]
Morgan's article focused on lessons learned from Greece for everyday. Earlier this week, fellow Fool Morgan Housel published a piece that should be required reading, especially for college ...