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Greek banks conclude series of corporate actions as part of restructuring
EconomyBankingHoldings, a company owned by Tourism Enterprises of Messinia (controlled by the Konstantakopoulos family) and D-Marine Investment Holding. The latter is based in Amsterdam and operates as a subsidiary... Bank Cyprus (PBC), to Holding M. Sehnaoui for a consideration of 3.2 million. The transaction
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Newsletter 395 - 29/09/2023
participation to almost full ownership at 98.6 pct holding. As HFSF opted to sit out the subsequent capital increases, its share was substantially diluted, essentially losing its entire holding... in the share capital of Eurobank, setting in motion its plan to dispose of its holdings in the four
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State braces for losses as bank divestment plan is put into action
EconomyBankingof state capital, which pushed up state participation to almost full ownership at 98.6 pct holding. As HFSF... losing its entire holding in Eurobank, and its stake fell from 95.23 pct in the end of 2013... of its holdings in the four systemic banks, bringing to a close a long period of state involvement
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Newsletter 42 - 11/09/2015
and 1.3 percent in 2016, turning to a strong growth rate of 2.7 percent in 2017. These are in line... seasonally adjusted unemployment rate edged up to 25.2 percent in June from 25 percent in May... jobless rate is attributed to the number of employed falling. The June headline figure is the second
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Greek Pharmaceuticals: The little pill with big potential
EconomyFeatures, since 2011 to 2014 the Greek rate of death in absolute terms has consistently overtaken the birth rate. In 2012, the birth rate fell below 100,000 a year for the first time since ELSTAT’s records began...-cutting exercise. According to IMS Health Holdings Inc, who track drug consumption, generic drugs have
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PDMA sets 2020 goals to build on improving conditions for debt
Economy, substantially limiting interest rate risks in the debt markets. With the average maturity of Greece’s debt at 21... percent from 2024 onwards, inflation at 2 percent, an average effective rate on the debt at 3.4... regular market operations, 2) Lower funding costs further, 3) Contain interest rate, FX and refinancing
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Cost of Greek corporate loans rises in April, remains well above euro average
EconomyMacroeconomyAfter remaining stable for the past five months, the interest rate on households’ new time deposits... and remained well above the euro area average, according to the Bank of Greece (BoG). This rate had... the sharp drop in 2013, the interest rate in Greek new time deposits remains persistently above
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This is what's in the legislation Greece has to approve by Wednesday night
EconomyProgramme. VAT On VAT, the draft bill sets the new basic rate at 23 percent. For pharmaceuticals, books and theatre a super-reduced rate of 6 percent (from 6.5 percent) is applied, while basic food, energy, hotels and water (excluding sewage) there will be a reduced rate of 13 percent. Products and services
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New overdue taxes rise by 377 mln in July, total stock above 102 bln for second month
EconomyMacroeconomyof 392 million noted in June. The VAT collectability rate declined slightly to 85.6 percent from 89.2 percent in June, which had been the highest rate in the year to date. The amount of VAT due..., the VAT collectability rate came to 84 percent for the first seven months of the year, with 5.73 billion
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Greek loan rates remained well above euro area average in October
EconomyMacroeconomyThe interest rate on households’ new time deposits was further reduced by 14 basis points (bps...-to-date (YtD) time deposit rate contraction to 88 bps, largely reflecting changes in the last seven..., while T-Bill yields remained broadly stable. During the recent crisis years, time deposit rate peaked
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