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Banks step up securitisation drive following pandemic interruption
EconomyBankingFinancial Planning Services (FPS) to doValue. Eurobank signed a 14-year agreement, from 10 years... and 3.6 billion euros of junior notes. Eurobank kept all the senior notes and 5 pct of the mezzanine.... Piraeus also has in progress a larger securitisation called Vega, which is for a value of 5 billion
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Latest market foray for 15-yr bond attracts strong investor interest with record low yield
EconomyBanking. The book within the first hour of opening had attracted a significant size of offers reaching 10 billion euros that tightened the initial price guidance to 130 basis points over mid-swaps, down by 5 basis... managers leading with 68 pct and hedge funds at 5 pct. Greek accounts had participated strongly with 16
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EC sees big drop for economy in 2020, expects milder recovery of 3.5 pct in 2021
EconomyMacroeconomyin the estimates, Greek GDP is seen falling by 10 pct in 2020. This would be the second-biggest contraction in the EU. The Greek economy is expected to grow by 3.5 pct in 2021 and 5 pct in 2022. In autumn, growth for 2021 was forecast at 5 pct, already reduced by 1 percentage point. Economic activity
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Trade deficit falls by 33.2 pct in February
EconomyMacroeconomyby geography showed that imports from EU countries fell by 10 percent, while those from non-EU countries dropped by 5 percent. Meanwhile, exports to EU countries rose by 1.4 percent. Those to non-EU countries..., imports fell 5 percent, while exports rose by 3.7 percent. Excluding the value of oil products and ships
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Newsletter 310 - 01/10/2021
on the territorial integrity of either Greece or France even from other NATO member states as Article 5... in intermediate goods and capital goods were 5 pct higher. Energy has the biggest weighting in the index..., with the average annual expenditure in 2020 dropping by close to 10 pct year-on-year. The largest drops were
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Newsletter 316 - 12/11/2021
saw support for the two main parties drop by a combined 5 points, appears to be centre-left KINAL... recovery in the third quarter, with sales up by nearly 43 pct, just short of 5 billion euros.... Net revenues in the first 10 months of the year have been dominated by the overperformance of tax
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Newsletter 318 - 26/11/2021
than 1 in 5 respondents saw a significant benefit from the government’s energy support package... needs are contained, ranging from 10 pct of GDP to 15.1 pct over the forecast horizon..., the Finance Ministry sees debt settling at 350 billion euros by the end of this year and rising by 5
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How economic sanctions on Russia could affect Greek economy
Agoraforeign trade. As of 2020, Russia remains in the top 5 sources of imports to Greece, despite a significant... bracing itself for a 5 pct reduction in travel receipts compared to 2019, valued at around..., it estimated that a 10 pct drop in income from visitors translates into a 1 pct drop in GDP. Golden
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Handling of energy crisis under fire as gas interruption tests supply security
PoliticsGreek Politicsto approach 40 degrees Celsius in parts of the country over the next 10 days. RES bill The country’s long... aims to shorten the lead time for licensing of RES projects from 5 years to 14 months by reducing the number of steps from 7 to 5 and digitising the application procedure. It also introduces a much
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Public debt records first marginal drop, to 394 bln, in Q2 as IMF repaid and bond activity limited
EconomyMacroeconomyis the first decline after 10 consecutive rises starting back in 2018. The Q2 debt movements reflect... been falling since. The debt breakdown by residual maturity showed that long-term (over 5 years) debt made up 73.3 percent of the total, while short-term (up to 1 year) and medium-term (1 to 5 years
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