Search
-
Newsletter 275 -27/11/2020
. Aggregate PIB expenditure came to 7.01 billion, overshooting the target by 2.28 billion. Overall, the PIB... states for the six-year funding programme. Greece qualifies for just under 32 billion euros of funding... proposals for funding. These include a major programme for the energy upgrade of buildings
22% -
Alpha seals bad loans sale deal, lenders brace for NPE management in Covid-19 era
EconomyBankingthe third quarter of 2020. PricewaterhouseCoopers Business Solutions S.A. (PwC) is acting as the Bank’s...Alpha Bank announced on Wednesday that it had entered into a binding agreement for the disposal... released by the bank, they said that they had received a binding offer from Poseidon Financial
20% -
Alpha Bank launches major securitisation as banks ready portfolios for Hercules scheme
EconomyBankingis expected to be around 2 billion euros. The process allows potential investors to submit non-binding bids by the end of March. Deutsche Bank and PWC's consultants Alantra and AXIA are acting as partners
19% -
Review talks focus on out-of-court workout, jobs scheme and energy market
EconomyProgrammesubsidiaries, which are expected to be established by June. PwC has been appointed as an advisor... of that programme relates to its funding, which was not discussed at Thursday’s meeting. Government sources noted after February 20 Eurogroup that the programme’s funding was estimated at around 3 billion euros
18% -
Deposits up again in December but credit contraction continues apace
EconomyMacroeconomy, while a recent PwC study showed it could peak to 40 percent in 2014. If confirmed, this would result... the recorded deposit inflows in December, Greek banks’ Eurosystem funding (the combined liquidity... funding purposes). Credit contraction At the same time, the year on year (yoy) credit contraction
18% -
Greece’s M&A market stagnates during recession
EconomyFeaturesactivity, in Greece, a sharp decline has been recorded. A January 2016 survey by PWC showed that M&A... Europe differed to that of the PWC report, in that it cited 28 M&A’s in Greece for 2015 versus the 29 deals cited by PWC, and that the estimated transaction value improving by 33 percent in dollar
18% -
Summit to usher in a new stage of EU-China relations
Agorathey see as Beijing’s incremental slide into European territory. Heated debates on Huawei... or the telecoms sector, as the dispute over 5G and Huawei shows. Lastly, the million-dollar question
17% -
Athens prepares new primary residences proposal after finding common ground with banks
EconomyProgrammeThe Greek government and local banks are reportedly making progress in their discussions about how to replace the Katseli law, which expires at the end of the month, with a new framework for protecting primary residences from foreclosure. The two sides ...
16% -
Budget deficit of 6.38 bln in Aug confirmed; target beaten due to one offs
EconomyMacroeconomyThe budget primary balance was confirmed at a deficit of 6.38 billion euros in the first eight months of 2021, compared with a deficit of 5.48 billion in the same period last year, the final Finance Ministry (MoF) budget execution data showed on Monday....
16% -
VAT and income taxes buoy revenue performance as primary surplus target is beaten in Sep
EconomyMacroeconomyThe budget primary balance in September was confirmed at a surplus of almost 6 billion euros, compared to a surplus of 52 million euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Wednesday....
16%