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Fire at archaeological site puts govt's crisis handling under scrutiny
PoliticsGreek Politicssettings, such as care homes. The death toll in a single nursing home on the outskirts... in Attica. The government is set to announce the opening date for schools on Tuesday
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Tsipras picks holes in ND approach, unveils own spending proposals
PoliticsGreek PoliticsOpposition leader Alexis Tsipras took to the podium in Thessaloniki last weekend, a week after Prime Minister Kyriakos Mitsotakis, to set out his thoughts on Greece’s present and future..., adding that “if we did not borrow a single euro, if we let the recession run to 15 pct
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All eyes on Piraeus as share price tumbles amid coupon payment concerns
EconomyBanking. The authorities have decided to hold on until the ECB’s Single Supervisory Mechanism will decide this month on the ability or not of Piraeus Bank to pay the CoCos coupon. The bank has set aside 165 million
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Bridge scheme activated as banks look to avoid second-wave NPL increase
EconomyBankingto pay 10 percent of their regular payment with the programme’s duration set at nine months... compared to a milder single-wave economic scenario. During the first wave, it was anticipated that new red
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Labour market developments in Greece during Covid-19
Agoraunemployment. However, at 16.2 percent (November 2020) there is a considerable distance to go until single... declined. The sobering observation includes the acknowledgement that this development had already set
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Piraeus announces transformation plan amid 2020 loss of 662 mln
EconomyBankingsecuritisations, which it says will decrease its ratio of non-performing exposures (NPEs) to single... milestones that set the foundations of the next day for Piraeus Bank.” “We are taking another major step
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Piraeus Bank raises 1.38 bln in share capital increase
EconomyBankingPiraeus Bank completed its 1.38 billion euros share capital increase, pricing its new shares at the top of its initial price offer range. Following a three-day book-building process, Piraeus set... of loan securitisations to reduce the its ratio of non-performing exposures to single digits
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FinMin sees favourable macro environment from next year, boosted by RRF
EconomyMacroeconomy. The government has set out five main objectives over the next couple of years with the primary goal being... bad loans in the banking system to single digits next year is the other objective, which is in line
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Newsletter 300 - 11/06/2021
gain traction on the basis of its stance, it could set the template for future confrontations... euros, bringing the total size of the issue to 6 billion euros, the largest single security of the Greek
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Alpha Bank buoyed by 800-mln-euro share capital raise
EconomyBankingAlpha Bank announced on Friday the successful completion of its 800-million-euro share capital raise, following a three-day book building process, with the price set at 1 euro per share... the extension of the Hercules APS that intends to bring NPEs down to single digits by the end of 2022
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