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Wage ruling gives gov't immediate fiscal headache, political one may come later
PoliticsGreek Politicson wage maturities If this proves to be correct, the government faces a challenge in finding... program review being carried out by the troika. It has struggled to reach this amount so finding... the impact that wage cuts would have on the party’s popularity. However, finding new savings could
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Stress mounts ahead of ECB's tests on Greek banks
Economyat the baseline, which was the binding scenario for capital shortfalls, and 9.4 billion under the adverse... reservations regarding the BoG stress test outcome. The first relates to the binding scenario with IMF noting
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Piraeus port privatisation moves a step closer
EconomyBankingThe 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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Alpha, Eurobank sign agreement with KKR for management of NPLs
EconomyBankingIn 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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Newsletter 74 - 20/05/2016
and Eurobank announced they have reached a binding agreement with KKR for the management of NPLs... of provisioning, thus binding up valuable capital that could otherwise be lent to the real economy. Two
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First phase of process to find strategic investor for ADMIE completed
Economyof 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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Newsletter 113 - 31/03/2017
consenting to the proposed debt restructuring. Three binding offers were submitted for the acquisition... investment groups that have tabled binding bids. One the biggest stumbling blocks to have emerged
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Athens facing final steps in third review as next milestones identified
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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Banks focus on defining challenge of reducing NPEs
EconomyBankingby 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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Privatisation revenues edge upward as end-of-year deadline looms
EconomyFeaturescharges were not financially viable. Binding bids for the concession are due to be submitted by the end... to receive binding offers for HELPE before the end of the year. In July, the deal to transfer 49 percent
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