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Court decision raises doubts about Eldorado Gold's future in Greece

Eldorado must convince the Environment and Energy Ministry with a new study that it's gold mining techniques are safe for the environment. If it fails to do so, the investment will be at loose ends as the gold mine is at the center of its investment in northern Greece. So far there has been no comment from the Canadian company, nor has there been any announcement on how it will overcome this obstacle.
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US private equity firm Blackstone eyes hotels in Rhodes

Blackstone is moving to boost its presence in the hotel business, by pushing ahead with a 500 million euro investment program. The start took place when it purchased five hotels from Cyprus' Louis group in September for 180 million euros. These deals were conducted via Blackstone Real Estate Partners in Europe and related to two hotels in Zakynthos, two in Corfu and one more in Crete with a total capacity of 1,464 rooms.
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Push to solve bad loan problem uncovers more strategic defaulters

Out of the 120,000 loan holders who can potentially seek more favorable repayment terms (on housing, consumer and business loans tied to their primary residence), about half have applied to restructure the debt. However, only 4,000 of them have put together a complete application on this, of which half, some 1,600 applications, have been rejected for exceeding allowable income and asset levels.
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Hercules bad loan plan not a panacea to sector woes, Moody's tells BusinessDaily.gr

"The scheme itself is not a panacea for resolving the asset quality problem in the banking system, given that we estimate only up to around 36 billion euros of NPEs can be dealt with through this scheme compared to around 71 billion euros of outstanding NPEs in the system as of September 2019," Nondas Nicolaides, Vice President – Senior Credit Officer at Moody’s Investors Service, told Business Daily.