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BoG sees ample capital space for banks to sell bad loans
EconomyBankingfor potential buyers and external factors like the legal and judicial framework have pushed bid... of sales depends on the banks’ own strategy and the completion of the legal framework for an effective... against what proportion of the stock in scope is sold, ranging from 25 percent to full sale, 100 percent
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Is Greece facing a new migration crisis?
Societycourts, while it may also be open to challenge based on EU and international legal principles..., where it feels it has backing for a strong border policy within the European policy and legal framework... in an attempt to strengthen the country’s bargaining position on several issues, ranging from EU accession
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PM offers shopping bill subsidy as surveillance scandal threatens to spill over into judicial crisis
PoliticsGreek Politicsinvestigation into the wiretapping issue, although focussed on the “legal” surveillance carried out... legal department to reverse his decision. This incident sparked a number of critical comments... euros per month, when inflation in key products, such as meat, bread and dairy is currently ranging
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Unpopular tax bill set to become law despite objections
PoliticsGreek Politicsin the teeth of strong objections from opposition parties and legal concerns raised by Parliament’s... also come in for criticism from Parliament’s legal scrutiny body, the scientific council. In its... of the changes it ushers into the taxation of self-employed earners ranging from lawyers and doctors
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Newsletter 464 - 30/05/2025
reported that fraudulent subsidy claims may have amounted to as much as €45 million per year. While legal... due to several legal and procedural issues. MacroeconomyCharts of the weekBuilding activity... general effort to restore relations with voters. In a wide-ranging interview with Naftemporiki, Finance
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Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
EconomyBankingmaterials related to the Transaction. Shearman and Sterling is acting as international legal counsel to Piraeus and Zepos and Yannopoulos as Greek legal counsel to Piraeus for the transaction. Around 20... Bank’s first quarter results showed that pre-writeoff NPE stock fell by 304 million euros bringing
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Piraeus enters agreement for sale of 2.2 bln loan portfolio
EconomyBankingas international legal counsel to Piraeus and Koutalidis Law Firm as Greek legal counsel to Piraeus... by 304 million euros, bringing it to 32.2 billion in Q1. Parent NPE stock is anticipated to fall by 34... their targets for bringing down bad loans in the first quarter of the year. Excluding off-balance sheet
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Between the sword and the olive branch: Dilemmas of Greek diplomacy
Agorathat this might strengthen any future legal challenge. However, the Turkish move also creates a series of legal complications because Cyprus's EEZ is still considered international waters and other..., that Greece is bringing a sword to a gunfight. Within hours of Dendias taking over the role, the Turkish
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Slight deterioration in services sector turnover in Q3
EconomyMacroeconomy. The biggest decrease was recorded by legal and accounting activities (-35.5 percent) followed by management...). The quarter on quarter (QoQ) evolution showed a marked deterioration for most sectors with legal... to -15.4 in November, bringing the year to date losses to 30.7 points.
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What Greece’s draft agreement with lenders foresees on labour and pension reforms
EconomyProgrammewith the legal requirements of information and consultation of workers. Moreover, companies... that the government will have to deliver by June 2017 a report including an independent legal opinion... Eurogroup statement. The key labour market deliverables largely involve bringing collective dismissal
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