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Amid efforts to help banks reduce NPLs, portfolio sales dominate drive to meet 2018 targets
EconomyBankingit raises to purchase NPEs from banks at market prices. The ultimate aim, according to a Bloomberg... million euros. This was being postponed until more favourable market conditions manifested. The bank might
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What Greece imports and why
EconomyFeaturesand live animals (5.67 billion). The biggest market for goods coming into Greece is Germany, which is where... be unable to feed everyone who visits its shores, and relies on an agricultural export market
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Newsletter 184 -23/11/2018
consecutive months Industrial turnover in the non-domestic market increased by 19.4 percent, while that in the domestic market rose by 10.4 percent. Greece’s industrial turnover rose by 14.3 percent
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BoG provides details of ambitious plans to slash NPLs via SPV
EconomyBankingto be transferred will match additional loss, so that the valuations of these loans will approach market...) will be determined by the arrangers subject to market conditions. BoG expects that private investors
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Greek tourism building strength but needs to diversify, PWC study finds
EconomyFeaturesadds supply to the market without disrupting it. In total, around 96,000 beds or 12 percent of the market originates from Airbnb. Most registered rentals are located in Crete, which accounts for 30
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Credit contraction deepens 1.4 pct in October, balance at 174.90 bln
EconomyMacroeconomyCredit contraction in the Greek market came to 1.4 percent in October, increasing from a contraction of 1.2 percent in September, Bank of Greece (BoG) figures showed on Wednesday. As a result.... The balance for the latest month came to 20.26 billion. The Greek market has been experiencing
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Piraeus Bank posts net profit of 94 mln in Q3 and 40 mln in 9M
EconomyBankingmarket, NPE formation in Q2 fell by 584 million, driven by a 612 million reduction in NPE formations... achieved despite market turbulence in the preceding weeks. Regarding NPE reductions, he noted
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After 2019 budget, lenders turn attention to Greek post-MoU reform tasks
EconomyProgramme. Market impact The Greek government is fully aware that if there are any serious delays in making... this remains subject to market conditions and possibly the timing of general elections next year.
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Tsipras visit to Moscow confirms thaw in relations with Russia after diplomatic spat
PoliticsForeign Policyto transfer Russian gas to the European market. Bulgaria has also expressed an interest and so far... a more competitive market in the region, which would not be in Russia’s interests. Business as usual
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Q3 wages index up by 2.8 pct QoQ and by 4.6 pct YoY
EconomyMacroeconomyas extensive changes in the labour market. The changes implemented as part of Greece’s bailout package..., coinciding with Greece undertaking its first bailout programme and agreeing to a range of labour market
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