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BoG outlines steps to economic recovery, updates on banks' asset quality
EconomyMacroeconomy) Privatisations and utilisation of public real estate, which hold a huge potential and could yield far more...In its annual report released on Thursday, the Bank of Greece (BoG) estimated that the recession will bottom out and expects a slight recovery during the second half of the year subject to political
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Tight schedule to approve multi-bill, tick off remaining milestones
EconomyProgramme. The second issue relates to privatisations and the government’s pledge to transfer a second group of state... notional insurance year. It is estimated by the General Accounting Office (GAO) that higher
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Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
EconomyBankingprivatisations and reforms on track. “Within an environment of positive growth, Eurobank is well.... The impact on the bank’s tangible book value is estimated at around 800 million, after tax, while
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Lenders set out post-MoU framework with aim of securing reforms
EconomyProgramme. The completion of a number of other privatisations, including Athens International Airport, gas grid operator... measure is estimated to be worth just over 200 million euros a year, while around 4 billion euros
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BoG report highlights economic challenges, proposes way forward
Economycurtailed in recent years, and the acceleration of privatisations to mobilise additional private investment.... that the European Commission estimated in its latest post-programme report in the volume of 1 percent
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Athens steps up drive for fiscal space as fifth post-MoU review continues
EconomyProgrammeas privatisations and the labour market. On Friday, discussions were held regarding the insolvency code... 300-400 million euros. It is estimated that implementing the whole tax relief programme would require
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Territorial waters, hydrocarbon research cause friction between Athens and Ankara
PoliticsForeign Policyto try to convince them that Greece is set to snatch 40,000 square kilometres from Libya's continental shelf. Akar also claimed that Turkey and Libya almost have neighbouring sea borders (EEZ or continental shelf). The signs are that Turkey is seeking a more active role in Libya. Akar's statements
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Turkey's move in Mediterranean puts Mitsotakis under pressure domestically
PoliticsGreek Politicswith Libya last week to delineate maritime borders in the Mediterranean. Athens has labelled the deal “illegal,” arguing that Libya’s prime minister does not have the legal authority to sign such agreements... and creation of EEZs. Greece has also threatened to expel Libya’s ambassador in Athens. Mitsotakis has had
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Athens ups diplomatic effort as Turkey plans hydrocarbon research in Greek continental shelf
PoliticsForeign Policyon the memorandum signed with the UN-recognised government in Libya’s Tripoli (GNA). Athens has also asked from... that Ankara has demarcated from its shores to the point where its sea borders meet Libya, based... Ankara for the sake of either the EU-Turkey deal on migration, or developments related to Libya
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Athens poised to take next steps on maritime borders
PoliticsForeign Policydeposits by US ExxonMobil southwest of Crete provoked the reaction of Libya’s GNA government... and the Exclusive Economic Zone when there is a relevant agreement with Libya. The same diplomatic.... The same sources believe that this move could lead Greece and Libya to refer their dispute to the ICJ
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