Economy
Greek train firm TRAINOSE attracts just one bid, no interest in rolling stock
The Hellenic Republic Asset Development Fund (HRADF) announced on Wednesday afternoon that only one binding offer was submitted for the sale of 100 percent stake in TRAINOSE (operation and management of railway activities). It came from Italian firm Trenitalia.
Technical MoU provides more detail on fiscal brake, arrears and privatisations
The technical memorandum of understanding (MoU) that supports the supplemental MoU, which was compiled after the completion of the first programme review, contains some interesting revelations on several issues related to the fiscal brake, arrears clearance and the state-owned entities that will be transferred to the new privatisation and investment fund.
HFSF executive board members resign
The Hellenic Financial Stability Fund (HFSF) said on Wednesday that all three of its executive board members - Aris Xenofos, CEO, George Koutsos, Deputy CEO and Anastasios Gagales, member - have resigned.
Minor changes in Greek deposit and lending interest rates in May
Greek households’ new time deposit rate slightly eased for the fifth straight month in May, when they fell by by 2 basis points (bps) to 0.85 percent from 0.87 percent in April, Bank of Greece (BoG) data displayed on Tuesday.
Tsakalotos confident on meeting fiscal targets, sees capital controls being gradually relaxed
In an interview with state broadcaster ERT on Monday night, Greek Finance Minister Euclid Tsakalotos appeared confident this year’s primary surplus target (0.5 percent of GDP) will be met and the fiscal brake would not be triggered next year or in the coming years.
Marinopoulos travails point to wider difficulties for supermarket sector
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It’s been a dramatic days for the Marinopoulos, Greece’s biggest supermarket chain. The company filed for protection from its creditors last Tuesday amid 1.3 billion euros of debt, an unprecedented amount for a Greek company. A court granted it temporary respite on Friday.
Marinopoulos granted temporary protection from creditors, Jetoil runs into problems
A court in Athens accepted on Friday evening a request by Marinopoulos, Greece’s largest supermarket chain, for protection from its creditors.
Greek stocks rebound 1.9 pct during week but fail to match European markets
The Greek stock market advanced 1.9 percent this week after the sharp losses of 8.8 percent recorded last week following the outcome of the UK referendum, which caused turmoil in the global markets.
PMI improves by 2 pts in June to rise above 50-pt mark on higher production, employment
Greece’s Manufacturing PMI rose by 2 points to 50.4 in June from 48.4 in May, Markit’s monthly survey showed on Friday.
Piraeus port law amended, resolving dispute with COSCO over privatisation deal
Greece has resolved its momentary dispute with Chinese giant COSCO over the legislation linked to the privatisation of the Piraeus Port Authority (OLP).