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The conundrum of Greek olive oil exports
EconomyFeaturesin Spain. But Greece’s olive oil export model is stuck in a rut. That’s because the vast majority... the mould of the current export model. The figures tell the story of how beneficial a change in strategy... model would increase efficiency, strengthen marketing and in turn help the branding of Greek olive oil
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National Bank reveals capital plan, which includes sale of whole Finansbank stake
EconomyBankingNational Bank (NBG) revealed on Tuesday its capital plan to address the shortfall that emerged from... scenario of the stress test. The bank's capital plan has three key pillars aiming to cover total... previous restructuring plan in July 2014 to sell a minority stake of 40 percent, while recent media reports
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Gov't submits reform plan that raises contributions and cuts future pensions
EconomyProgramme. The measures included in the plan would have an impact on all employees and pensioners through a series... rates. We present below the key interventions of the government’s 170-page final plan: 1... about the pension reform plan on Monday by the Labour Minister George Katrougalos but none said
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Gov't mounts defence of pension plan but lenders' approval may take time
PoliticsGreek Politicsof the pension system, the government has decided to actively defend its plan both at home and abroad... to woo lenders and ensure that the government’s plan is accepted without the need for immediate cuts... the current plan. Dijsselbloem, however, appeared cautious about the prospects of a swift agreement
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Amid protests, coalition ponders tweaks to pension plan
EconomyProgrammestatement on tax evasion triggered a new round of tension with farmers who plan to escalate... was not reached, Tsipras pledges could ease some of their objections to the initial plan. In particular... below 30,000 euros for a 3-year transition period. The pension reform plan tabled in early January
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HFSF presents action plan on large corporate loan restructuring, says NPEs reached 103 bln in 2015
EconomyBankingplan to enhance coordination among banks for common borrowers and accelerate the restructuring... of the four core banks (Eurobank, NBG and Piraeus) and came up with an action plan on the restructuring of large corporate NPEs. The action plan is comprised of five key pillars: 1) The analysis
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HRADF's updated asset development plan sets out next batch of privatisations
EconomyProgrammefor investment purposes. Asset Development Plan Moreover, the updated Asset Development Plan (ADP... for the sale of 100 percent of Hellinikon SA include the submission of the integrated development plan
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Athens presents growth plan outline as lenders continue to differ on debt relief
EconomyProgrammerelief. Although the final version of the growth plan will not be submitted to eurozone finance ministers... by the government’s growth strategy. He suggested that if his party comes to power, the plan would... of the ANFA and SMP profits. Two European officials told Kathimerini that the draft plan for the French
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Talks to begin on plan to rescue PPC from dire financial straits
Economymeters. PPC’s net debt in the first quarter stood at 3.63 billion euros. Rescue plan... are anticipated to also involve PPC’s rescue plan, formulated with McKinsey and leaked to the press last year. The supposed five-year plan raised concerns about the long-term viability of PPC
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Athens submits APS plan aiming to remove up to 30 bln of NPLs from bank balance sheets
EconomyBankingMinister Giorgos Zavvos handed the plan, dubbed the Hercules Project, over to officials in Brussels... APS does not breach the EU’s state aid rules. According to Bloomberg, the plan foresees between 9... in February, HFSF CEO Martin Czurda, said that once European authorities approve the plan, 6-9 months
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