Mitsotakis: Greece is Influencing Advancements in AI

View of the nave of the Grand Palais as participants attend the Artificial Intelligence (AI) Action Summit in Paris, France, Monday. [Benoit Tessier/Reuters] Greece is helping to shape European developments in the crucial sector of artificial intelligence, Prime Minister Kyriakos Mitsotakis has said upon his arrival at the international AI Action Summit in Paris. “We…

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Banks Set to Offer More Loans to SMEs

Additional loans to small and medium-sized enterprises (SMEs), totaling over 250 million euros, are expected to be granted by banks with the support of the Entrepreneurship Fund (TEPIX III) of the Hellenic Development Bank (HDB), which was reinforced with €100 million. The increase was decided by the Ministry of National Economy and Finance after the…

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S&P Assigns Investment Grade Rating to Bank of Cyprus

S&P Global Ratings has just returned Bank of Cyprus’ investment grade, upgrading it to the BBB- level from BB+. According to the rating agency’s report, the upgrade reflects the reduced reliance of Cypriot banks on non-resident deposits and the improvement in the loan-to-deposit ratio. S&P notes that Cypriot banks have strong liquidity, with stable funding…

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