swiss investment

For the first time since fiscal 2008, Greek banks are sending their shareholders to the “treasury” this summer. They will distribute dividends amounting to €814 million.

The dividend stay seals the return of Greek banks to normality, having travelled a difficult road for the Greek banking system.

US banks may become more circumspect in granting loans following recent turmoil in the sector, the country's treasury secretary said in an interview to air Sunday, while still predicting "moderate" GDP growth.    

The financial sector was rocked last month by the dramatic collapse of Californian lender Silicon Valley Bank (SVB).    

Greece has the potential to be the new turnaround story, despite being the last of the so-called PIIGS (Portugal, Ireland, Italy, Greece, Spain) to complete its creditor-imposed austerity program, Swiss investment firm Reyl Group says in a report.

Leading British tour operator Thomas Cook announced this week that it has acquired two new properties in Greece, which will take its total number of hotel units in this country to four.
The operator has bought out Casa Cook Kos, a 100-room unit that it has been operating on the Dodecanese island and which has been the most profitable unit bearing the company's name.

Romania's Prime Minister Viorica Dancila and head of the Federal Foreign Affairs Department of the Swiss Confederation Ignazio Cassis on Monday discussed boosting Swiss investment in Romania and bilateral trade.

According to a governmental press statement, Dancila welcomed Cassis, the head of the Swiss diplomacy, on a visit to Romania.