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PM hopes to reset narrative with positive announcements
PoliticsGreek Politicsof the first electric buses on the streets of Athens, followed on Tuesday by the pledge
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Newsletter 441 - 15/11/2024
are up by 3.2 pct, lorries had a marginal increase of 0.7 pct and buses jumped by 56.8 pct. Import Prices
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Sale of defence manufacturer stokes opposition criticism amid bid to bolster regional ties
PoliticsGreek Politicstransport vehicles used by the Greek armed forces, as well as buses for civilian and military uses
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Mitsotakis dismisses poll speculation, promises swift housing relief and rural support
PoliticsGreek Politicshave 800 new buses, but we need to increase the frequency of routes, especially where demand
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Eurogroup sets conditions for disbursements totalling 10.3 bln to take place
EconomyProgrammeThe Eurogroup welcomed early on Wednesday the adoption by the Greek government of most of the required prior actions for the conclusion of the first programme review. A successful implementation of the total set of milestones will unlock the disbursemen...
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IPI rise of 8.1 pct in Dec marks full year of growth, totalling nearly 10 pct
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) recorded another notable rise of 8.1 percent year-on-year (YoY) in December, from an upwards revised 8.4 percent annual increase in November, according to Hellenic Statistical Authority (ELSTAT) data released o...
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Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
EconomyBankingSupervisory Mechanism (SSM) sales of loans totalling 11.6 billion euros are expected to spearhead... of bad loans totalling 800 million from small and medium-sized enterprises lined up for sale, which... of an NPL portfolio totalling 3 billion euros, consisting of 50 percent new and 50 percent rolled over
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Debt relief or debt restructuring for Greece?
Agoraand buyback operations from 2012 – totalling 126 billion euros or 65 percent of GDP - Greece’s total would... an emergency loan totalling 2.5 billion euros to Cyprus to cover a widening budget deficit and refinance... left to their own devices. They incurred losses totalling 12 billion euros on the write down
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Banks focus on defining challenge of reducing NPEs
EconomyBanking, totalling 3.6 billion for the year. According to the latest operational targets that have been submitted... is proceeding with the sale of an NPL portfolio totalling 3 billion euros, consisting of 50 percent new..., totalling roughly 1 billion euros, which are collateralised. This would bring the total sales
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The race to reduce Greece's bad loans
EconomyBankingand to 10.6 billion by the end of next year Alpha Bank has a portfolio of bad loans totalling 800 million... of its NPL reduction strategy, NBG has put up an NPL portfolio fo sale, totalling 3 billion euros..., totalling roughly 1 billion euros, which are collateralised. With strong interest in all bad loan sales so
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