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  1. Newsletter 314 - 29/10/2021

    Newsletters

    22, Alpha Bank announced the binding agreement with Davidson Kempner (DK) for the Cosmos... for a combined 4 billion euros of funding in 2021, which has been surpassed by the 3.1 billion euros

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  2. Surveillance hearings in Athens and Brussels highlight contrasting approaches to issue
    Photo by EC - Audiovisual Service

    PoliticsGreek Politics

    is now taking a carrot-and-stick approach to hitting a binding 10 pct energy savings target across the public sector. Public authorities which fail to meet the target will see funding cuts and hiring

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  3. The immediate economic and financial hurdles for the new Greek government
    Photo by MacroPolis

    EconomyProgramme

    . The first relates to the coverage of the country’s funding needs, which stand at 1.6 billion euros... 2 billion euros and new funding could stem from extraordinary T-Bill issues of 1.5 – 2 billion... for T-Bills, an approval by the troika is required for any incremental borrowing using this funding

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  4. Newsletter 19 - 13/03/2015

    Newsletters

    representing Greece's creditors. Eurosystem funding hits €100bn mark ELA now makes up 63 percent of the total Eurosystem funding passed the 100-billion-euro mark to reach 104.25 billion in February... importantly, the funding mix has dramatically changed with emergency liquidity assistance (ELA) now making up

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  5. Piraeus port privatisation moves a step closer
    Photo by Harry van Versendaal

    EconomyBanking

    The deadline for the submission of binding bids for the acquisition of a 67 percent stake in Piraeus Port (OLP) expired on Monday, with the Hellenic Republic Asset Development Fund (HRADF) noting..., press reports indicate that only COSCO submitted a binding offer on Monday. COSCO, one of the largest

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  6. Alpha, Eurobank sign agreement with KKR for management of NPLs

    EconomyBanking

    In a joint press release, Alpha and Eurobank announced on Tuesday that they have reached a binding agreement with KKR Credit for the management of credit and equity exposures to a number of selected.... However, the agreement remained on paper with Piraeus noting in April 2015 that the binding exclusivity

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  7. New rules on sale of NPLs come into play after approval of omnibus bill

    EconomyProgramme

    with a binding timetable on a comprehensive mechanism of effective management of private debt. In addition..., which signed a binding agreement with KKR Credit for the management of 1.2 billion corporate NPLs

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  8. First phase of process to find strategic investor for ADMIE completed

    Economy

    of the process, which includes a due diligence and the submission of binding offers by the end... will announce by October the date for submission of binding offers for the sale of all PPC shares in ADMIE

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  9. Athens facing final steps in third review as next milestones identified
    Photo by Panayiotis Tzamaros

    EconomyProgramme

    , the completion of the tender for gas grid operator DESFA (the deadline for binding offers is February... with binding targets for employment, growth and fiscal discipline. If eurozone finance ministers give the green

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  10. Banks focus on defining challenge of reducing NPEs
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyBanking

    by Alpha Bank announcing in March that it signed a binding agreement with B2Holding group for the disposal... of NPLs by the bank to around 4 billion across 2018. Today, Piraeus expects to receive the binding offers

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