VENTURE CAPITAL POST

Greek containers and oil products firm Global Ports Investments has closed the acquisition of Russian firm NCC Group to become Eastern Europe's biggest container terminal operator.

Switzerland's Dufry is reportedly purchasing the remaining 49% stake in Greek travel retailer Hellenic Duty Free for €328 million. Dufry bought a controlling stake in HDF for €200.5 million last year.

Paul Kazarian, founder of Japonica Partners & Co and known for his purchase of Greek bonds, told Bloomberg in an interview that Greece needs to adopt corporate accounting practices if it is to return to the debt markets.

A Reuters article urged the Greek government to put more effort into investment programs that would encourage more local startups.

Greece’s growing tech scene has aided in the recovery of the country’s economy.

Greece international lenders had temporarily halted their latest bailout fund to Greece, according to a Reuters report.

Greek Prime Minister announced on Saturday that the country would return to growth next year as its would exit recession.

A deal between China COSCO Holdings and Piraeus would pave the way for privatization of the largest port in Greece.

Greek politicians are coming to a head on the issue of home foreclosure auctions.

Greece's economic growth rates continues to slow down despite bailouts.

Greece completed the sale of the 33% stake it held in OPAP SA to Emma Delta fund for EUR 652 million.

Piraeus Bank of Greece hired Nick Karamouzis as its new management adviser.

Greek gaming provider, Intralot said that they will set up a EUR300 million bond sale to refinance loans and outstanding debt.

The IMF releases additional funding as part of Greece's bailout program.

Greek workers took to the streets their opposition over the proposed plan to retrench state workers.