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Government pins hopes on payments, OPEKEPE shake-up to stem farmers’ protests
PoliticsGreek Politicssystem tidied up by the end of the year. Rural discontent is just one source of concern... delayed in an attempt to tackle fraud at the troubled OPEKEPE agency by the end of this week. Rural
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Lost decades for Greek incomes tell different story to recovery narrative
EconomyMacroeconomyin cities and 28% in rural areas fall into this category, compared with roughly 10% in EU cities and 6% in rural areas. Housing in Greece is also the most expensive relative to available income. Households
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PM stands firm on festive blockades as farmers demand policies, not policing
PoliticsGreek Politicsto highlight perceived shortcomings in the government’s economic and rural policy. Farmers have also... Greece’s urban policymakers and its rural communities.
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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingin Greece. Also during June, Eurobank announced that it had entered into a binding agreement with PIMCO’s... make up the portfolio, with 40 percent of the properties located in Athens. Non-binding bids... FPS fully. In late July, Alpha Bank launched the first round of bidding for its project Orion
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Banks remain largely profitable in Q2, with focus on NPL reductions
EconomyBanking’s various portfolios, management noted that a binding offer had been received for the sale... that it had entered into a binding agreement with Intrum for the purchase of 30 percent... in the coming months represent a mix of new auctions and re-auctions from postponed bidding due to the virus
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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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Newsletter 59 - 22/01/2016
. The next privatisation projects include the submission of binding bids for the full sale of rail... having adopted the bailout and agreed to implement it, appears to be having a binding effect. Tsipras
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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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