Lefteris Papadimas

Athens

Correspondent at Reuters

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Articles

Piraeus Bank posts higher Q1 profit, sees minor impact from US tariffs

1 week ago | marketscreener.com | Lefteris Papadimas

ATHENS (Reuters) - Greece's Piraeus Bank reported higher quarterly net earnings on Tuesday on strong fee income and said it does not expect a significant impact from U.S. tariffs. Greek banks are benefiting as the country's economy rebounds from a decade-long debt crisis. It expanded by 2.3% last year on strong tourism and investment with only 4-5% if its exports heading to the United States, mainly agricultural products.
Exclusive-Greece to Repay First Bailout Loans by 2031, 10 Years Early

1 month ago | money.usnews.com | Lefteris Papadimas

By Lefteris PapadimasATHENS (Reuters) - Greece will pay off loans granted under the first of three debt-crisis bailouts by 2031, two government officials told Reuters, as the country seeks to lose its label as the most indebted country in the European Union. The payments, which will come in 5-billion-euro ($5.7 billion) annual increments, will allow Greece to pay off the debt 10 years before the loans expire, the officials said on condition of anonymity.
Exclusive-Greece to repay first bailout loans by 2031, 10 years early

1 month ago | msn.com | Lefteris Papadimas

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Nightclub fire in North Macedonia kills 59, injures more than 100

2 months ago | timeslive.co.za | Aleksandar Vasovic |Lefteris Papadimas |Fatos Bytyci

Emergency responders operate outside a night club, following a fire resulting in casualties, in the town of Kocani, North Macedonia, March 16, 2025. Fire ripped through a packed nightclub early on Sunday in the North Macedonian town of Kocani, killing 59 people and injuring more than 100, after sparks ignited the roof over a live band. Arrest warrants have been issued for four people in connection with the fire, said interior minister Pance Toskovski.
Greece to spend more than 25 billion euros in arms procurements by 2036

2 months ago | msn.com | Lefteris Papadimas

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Greece to spend more than 25 billion euros in arms procurements by 2036

2 months ago | marketscreener.com | Lefteris Papadimas

ATHENS (Reuters) - Greece will spend more than 25 billion euros in arms procurements by 2036, including new submarines, drones, satellites and fighter jets, under a 12-year plan to be submitted to parliament in the coming weeks, three officials with knowledge of the plan told Reuters. The move is part of Greece's bid to modernise its armed forces as it emerges from the 2009-18 debt crisis that led to years of austerity, and as it tries to keep pace with its historic rival Turkey.
How Europe dodged a payment disaster in 10 hours of tech meltdown

2 months ago | timeslive.co.za | Francesco Canepa |Lefteris Papadimas

07 March 2025 - 04:30 Just R20 for the first month. Support independent journalism by subscribing to our digital news package. EU flags flutter in front of European Central Bank (ECB) headquarters in Frankfurt, Germany July 18, 2024. File photo The European Central Bank's payments crash last week meant salaries and welfare funds were delayed for thousands of people. It could have been much worse.
ECB narrowly avoids payment disaster after tech issue meltdown

2 months ago | irishexaminer.com | Francesco Canepa |Lefteris Papadimas

The European Central Bank's (ECB) payments crash last week meant salaries and welfare funds were delayed for thousands of people. It could have been much worse. If the same disruption had struck, or persisted into, the following day — the end of the month, and payday for many public-sector workers, pensioners and welfare recipients — the mayhem could have hit millions of people and businesses, and strained the banking system.
How ECB dodged a payment disaster in 10 hours of tech meltdown

2 months ago | ekathimerini.com | Francesco Canepa |Lefteris Papadimas

The European Central Bank’s payments crash last week meant salaries and welfare funds were delayed for thousands of people. It could have been much worse. If the same disruption had struck, or persisted into, the following day – the end of the month, and payday for many public-sector workers, pensioners and welfare recipients – the mayhem could have hit millions of people and businesses, and strained the banking system.
Greek shipyards say after decades of pain

2 months ago | bilyonaryo.com | Lefteris Papadimas

SOURCE: ReutersBy Lefteris PapadimasATHENS, Feb 18 (Reuters) – The sound of hammer blows and welding drifted from the Skaramangas Shipyard near Athens last month as workers repaired the bow of a large tanker, while other vessels waited to be fixed in a dry dock nearby. The activity marks a major turnaround for the shipyard: a year ago, following decades of on-off government ownership, it sat empty, an emblem of the lingering impact of Greece’s devastating 2009-2018 debt crisis.