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Government talks up privatisation benefits, but opposition questions success story
PoliticsGreek Politics. The government was also questioned over the timing of its winding up of the Covid-era rescue scheme for Aegean
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Current account surplus at 1.21 bln in September on services balance growth
EconomyMacroeconomynotable transactions during the period were the acquisition of the Dutch company Stone Works Holdings... in the holdings of foreign bonds and T-Bills. At the same time, a net increase in liabilities was also noted due to a 1.8 billion euros rise in non-residents' holdings of Greek government bonds
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November current account deficit at 1.41 bln as import value outstrips exports
EconomyMacroeconomycapital of Hellenic Healthcare Holdings SA, which in turn acquired the Diagnostic and Therapeutic... which was driven by a rise of 1.1 billion euros in holdings of foreign bonds and T-bills. A net...-residents' holdings of Greek government bonds and T-bills. During the aggregate period, residents
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Greek train firm TRAINOSE attracts just one bid, no interest in rolling stock
Economybinding offer was submitted for the sale of 100 percent stake in TRAINOSE (operation and management... Italiane, which also submitted a binding offer on Wednesday, the open joint-stock company Russian Railways (RZD) and the Greek GEK TERNA. The deadline for the binding offers was initially set for the end
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Greek banks maintain focus on key areas as elections approach
EconomyBankingof consumer loans, credit cards, micro-businesses and worth 1.2 billion euros. Non-binding offers have been received, with investors soon to be invited to submit binding ones. Talks are also underway... by FPS will be sold to foreign investors. Binding offers are expected by the three interested investors
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European Commission review of Greek programme: The key points
EconomyProgramme. On top of the cancellation of preference shares, funding needs to August could also be reduced... that potential sources for covering this funding gap involve: a) inter-general government borrowing... respectively. This implies a funding gap of 2.7 billion in 2014, 10.3 in 2015 and 1.6 billion in 2016
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Concerns about insipid public consultation process highlighted by treatment of climate plan
EconomyFeatures. The findings suggest that a culture of top-down policy making persists beneath a thin veneer... survey. Among its key findings are that fewer than one in ten young people (8 percent) have taken... or supporting materials. Finally, reporting on the findings of consultations is vanishingly rare
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NBG results show net profits of 18 mln in Q4 and 484 mln in 2019
EconomyBankingas well. All three portfolios have received binding offers. P&L Net interest income (ΝΙΙ) fell by 4... bps. Eurosystem funding remained at 2.3 billion in Q4, unchanged QoQ. As of the end of 2017, NBG had fully eliminated Emergency Liquidity Assistance. The total amount currently consists of TLTRO funding
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Piraeus Bank posts pre-tax losses of 215 mln in H1
EconomyBanking) in H1 came to 727 million, up by 1 percent YoY, mainly on the back of improving funding costs... noted that a binding offer had been received for the sale of the 600 million euro portfolio code.... Other impairments stood at 18 million compared to 7 million in Q2 2019. Balance Sheet Eurosystem funding
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Alpha Bank Q3 results reflect net profits of 43.8 mln
EconomyBankingtransactions, the bank said that it had received two binding offers for the Galaxy securitisation and have... funding mix. On an aggregate basis, NII came to 1.15 billion euros, edging down by 0.6 percent YoY... the lower wholesale funding and deposit cost. The Net Interest Margin (NIM) remained stable QoQ at 2.3
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