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Stress mounts ahead of ECB's tests on Greek banks
Economybanks proceeded with capital increases after the BoG announcement, raising a total of 8.3 billion... at the baseline, which was the binding scenario for capital shortfalls, and 9.4 billion under the adverse... reservations regarding the BoG stress test outcome. The first relates to the binding scenario with IMF noting
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Piraeus port privatisation moves a step closer
EconomyBankingfor investments of 300-350 million in OLP over the next five years. OLP total market value in the Athens...The deadline for the submission of binding bids for the acquisition of a 67 percent stake..., press reports indicate that only COSCO submitted a binding offer on Monday. COSCO, one of the largest
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First phase of process to find strategic investor for ADMIE completed
Economyby 26.6 percent to 196.3 million. ADMIE also anticipates its total debt to drop by around 19 percent close... of the process, which includes a due diligence and the submission of binding offers by the end... will announce by October the date for submission of binding offers for the sale of all PPC shares in ADMIE
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Newsletter 113 - 31/03/2017
obligations. The minimum amount of total debt that could be included in the workout stands at 20,000... consenting to the proposed debt restructuring. Three binding offers were submitted for the acquisition... investment groups that have tabled binding bids. One the biggest stumbling blocks to have emerged
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Athens facing final steps in third review as next milestones identified
EconomyProgrammethat there are a total of seven prior actions that need to be completed by Monday, which included the payment..., the completion of the tender for gas grid operator DESFA (the deadline for binding offers is February... with binding targets for employment, growth and fiscal discipline. If eurozone finance ministers give the green
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NBG net profits decline to 8 mln in Q3, NPLs continue to fall
EconomyBankingis the outstanding principal. It encompasses 13,000 loans with collateral of 7,900 properties. The total...-binding bids must be received by December 10, and binding bids by the end of February. The bank hopes
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Greek primary cash surplus up to 3.1 bln in September but state arrears also rise
EconomyMacroeconomybillion) making up more than half of total, followed by extrabudgetary funds (1.15 billion). The state... million euros MoM to 2.33 billion making up almost half of total arrears. The next highest..., accounting for 19 percent of the total. Tax refunds fell MoM for the first time since February to 713
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Greek tax revenues at 33.5 pct of GDP in 2013, slightly below OECD average
EconomyMacroeconomyGreeceās total tax revenues as a percentage of GDP remained virtually unchanged at 33.5 percent.... In absolute terms, personal income taxes made up 20.6 percent of total taxation below the OECD average... percent in 2012 at almost one third of the OECD average of 2.9 percent. As a percentage of total
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Where did all the money go?
AgoraThe total amount of loans the eurozone and the International Monetary Fund supplied to Greece... total stands at 31.9 billions (18 percent of GDP). These are staggering figures: No other nation has..., provided a total of 24 billion euros of own financing. There seems to be a general misconception
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General government cash surplus widens to 3.68 bln in November, arrears down by 502 mln
EconomyMacroeconomybudget surplus at 1.83 billion, corresponding to almost half of total. Last year state budget had posted... in arrears to SSF and hospitals by 423 million in total. In particular, SSF arrears fell by 273 million MoM to 2.26 billion corresponding to almost half of total arrears. The second highest MoM
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