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Alpha Bank posts net profits of 4.7 mln in Q3
EconomyBankingdriven by the classification to the Held for Sale category of a selected NPE portfolio (Project... billion), largely due to the Project Neptune securitisation. Within the retail breakdown, NPE... billion euros. In addition, as mentioned, the Project Neptune securitisation, related to a portfolio
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Banks end year with continued bad loan sales
EconomyBanking-risk corporate NPE portfolio code-named Project Danube, with a total gross book value of 174 million... billion euros via securitisation. Project Frontier will reduce bad loans by more than half, from... the Project Frontier securitisation. Still on the cards are Vega Phoenix from Piraeus worth 7
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Athens keeps close eye on Turkey's reactions amid MSP and GSI developments
PoliticsForeign Policyinterconnection project, the Great Sea Interconnector (GSI), as well as by the recent maritime spatial... project cannot be balanced with a universal design, which is of major importance and, moreover, constitutes an obligation arising from European Union law” and noted that the project does not require
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Foreign minister toughens stance as first autumn polls pile pressure on government
PoliticsGreek Politicsto block a landmark offshore infrastructure project. His intervention comes as PM Kyriakos Mitsotakis sets.... Asked about the ongoing standoff over the Great Sea Interconnector, a project to lay an undersea... that the project would continue as planned, adding that any Turkish attempts at interference would
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Expulsion of diplomats moves Greece further away from Russia, focus turns to energy
PoliticsForeign Policy” is a project that cannot be brought to life easily, let alone funded. Greece is determined to accelerate... Interconnector (the official EU project developer of the 2,000MW electricity interconnector between... to progress quickly with the North Macedonia–Greece Interconnector Gas Pipeline project, which will be added
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Third review seen taking longer than Athens had hoped
PoliticsGreek Politicsmajor investment project, the redevelopment of the former airport at Hellenikon. The Central Archaeological Council (KAS) was due to meet again on Tuesday to decide whether the project should go... of archaeological interest, thereby putting the whole project in jeopardy. These complications
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Sino-Greek engagement: Path to 'win-win cooperation' is not always linear
AgoraAsfalistiki. NBG’s subsidiary is Greece’s largest insurer. Greece’s marquee privatisation project.... It was announced that China’s Fosun and Eagle Hills from Abu Dhabi, both partners in the project’s consortium... examples highlight that project delays, their cancellation or outright failures are also part and parcel
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Coronavirus to delay much of privatisation plan
EconomyFeaturesAbu Dhabi, said that it expected work to continue on the project despite the pandemic. As Greece... resort casino that is crucial to the Hellinikon project moving ahead. This arm of the entire 6-billion-euro project is worth 1 billion euros on its own. The CoS ruling will be key to deciding whether
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Refugee housing deadline puts spotlight back on migration policy
PoliticsGreek Politicsspending on the construction of a camp at Malakassa. According to Kaminis, the project, which has been... and expectations. The Malakassa project is singled out for particularly scathing criticism. Citing... beneficiary, compared to 3,900 euros beneficiary claimed by the Malakassa project. The report also
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UN hosts Cyprus talks as Israel gets behind electricity interconnector
PoliticsForeign Policyto be clearly supporting the Greece-Cyprus electricity interconnection project, which will extend... with Greece across multiple sectors, with energy and the electricity interconnection project being among... that the project would be completed. “We are ensuring that there will be no obstacles to its progress
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