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  1. Banks focus on defining challenge of reducing NPEs
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyBanking

    of loans at 11.6 billion euros, with liquidations generating an NPE reduction of 10.6 billion. Having put... by Alpha Bank announcing in March that it signed a binding agreement with B2Holding group for the disposal... of NPLs by the bank to around 4 billion across 2018. Today, Piraeus expects to receive the binding offers

    4%

  2. Privatisation revenues edge upward as end-of-year deadline looms
    Photo by Giannis Papanikos/Fosphotos

    EconomyFeatures

    of the persisting impression among Greeks that the country has put on a fire sale of its best assets in order... charges were not financially viable. Binding bids for the concession are due to be submitted by the end... to receive binding offers for HELPE before the end of the year. In July, the deal to transfer 49 percent

    4%

  3. Coronavirus to delay much of privatisation plan
    Photo by MacroPolis

    EconomyFeatures

    International Airport to 2021 given the severe disruptions to travel due to the restrictions put in place... binding offers. That phase would have taken place within the next few months under normal... Gas Corporation (DEPA) due to the disruption caused by the coronavirus. Nine non-binding offers were

    4%

  4. Banks remain largely profitable in Q2, with focus on NPL reductions
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyBanking

    of existing loans. According to eauctions.gr, around 320 properties were put up for auction last Wednesday...’s various portfolios, management noted that a binding offer had been received for the sale... that it had entered into a binding agreement with Intrum for the purchase of 30 percent

    4%

  5. Politicians have commissioned, and largely ignored, multiple reports on wildfires

    Society

    alert system put in place subsequently, no doubt combined with the freshness of the memory... into the devastating wildfires of 2007. Mitsotakis noted that “several of the findings unfortunately still apply... to prevention. The report challenged the automatic assumption that an increase in funding would improve

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  6. Mitsotakis apology for wildfires gets sceptical reception

    PoliticsGreek Politics

    in the aftermath of the 2018 Mati fire. The opposition leader put forward a seven-point recovery plan, which... with emergency funding of half a billion euros from the budget, will be directed by the Prime... areas for funding earmarked in the national recovery plan for reforestation. The PM said the areas

    4%

  7. ECB refuses Greek government bonds as collateral: What does it mean?
    Photo by Kiefer via Flickr https://flic.kr/p/q2j8Dt

    Economy

    . It appears that the ECB's move is designed to put pressure on the new Greek government to reach a quick... the waiver on Greek banks using junk-rated government bonds as collateral for funding. According... Assistance (ELA) mechanism. According to the latest official BoG data, Greek banks' ECB funding

    4%

  8. Newsletter 203 -15/04/2019

    Newsletters

    will be put to Prime Minister Alexis Tsipras for final approval. The government’s aim is to announce..., lower social security contributions for the self-employed and the funding for the rent subsidy.... Eurosystem funding falls by 625 mln in Mar Banknotes in circulation rise by 12 mln The composition

    4%

  9. ND tries to swerve fresh graft claims as EP scandals, phonetapping hang over budget debate
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    , and that she would no longer be put forward as a candidate for a seat in the upcoming national... Francesco Giorgi, sought to take responsibility for the findings of the investigation by Belgian... the findings from recent soundings which show that voters are unhappy with ND’s performance in improving

    4%

  10. New Democracy moves to corral far-right vote, as PM braces for more surveillance evidence
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    Parliament. The most recent poll by Interview put the party at 1.5 pct, alongside Ethniki Dimourgia... to write to Parliament with the findings of recent investigations. News website News247.gr reports... to the European Commission and the European Council based on the findings of its inquiry in Greece. PEGA

    4%