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Piraeus Bank issues Tier II bond to strong demand
EconomyBankingof increasing Piraeus Bank’s total capital ratio by around 90 bps. The issue has been rated Caa3... by Goldman Sachs International and UBS Investment Bank. The coupon of the issue has been set at 9.75
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ND defends plans for three-pillar pension system as SYRIZA looks for weak spot
PoliticsGreek Politicsthe pension system. SYRIZA sees this as a potential weak link in the centre-right party’s programme and has... that once the reform has been carried out, only newcomers to the labour market would be included
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Annual report shows majority of debt in official hands on favourable terms
EconomyThe Ministry of Finance (MoF) annual debt bulletin for 2018 has outlined the government's strategy for the management of its debt across 2018. The report outlined that Greece's exit from its economic... debt showed that the total figure has risen by 30.24 billion euros year-on-year and stood at 358.95
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Eurobank’s NPL sales take major step with two transactions
EconomyBankingresidential mortgage loans. The portfolio carries a gross book value of 2 billion euros and has been code.... The total portfolio carries a gross book value of 7.4 billion euros and has been code named Project
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Retail turnover falls by 2 pct in Apr, volume declines by 2.7 pct
EconomyMacroeconomyfrom a revised increase of 5 percent in March. As with the retail index, the volume index has... the reading came to -28.3 points. Compared to June 2018, consumer confidence has shown a strong
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EFKA fund data shows 30 pct in part-time jobs earning less than 400 euros on average
EconomyMacroeconomyThe Unified Social Security Fund’s (EFKA) latest employment data as of December 2018 has shown that around one in three employees earn a gross monthly wage of around 390 euros. The summary statistics... insured with Greece's largest social security fund, which has close to 2 million members. The average
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Mitsotakis mixes old hands and technocrats to stamp reformist bent on cabinet
PoliticsGreek PoliticsPierrakakis, who has some experience working in government under a previous PASOK-led administration. Pierrakakis was the research director at the Dianeosis think-tank more recently. He has been charged
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New overdue taxes rise by 235 mln in May, total debt at 104.5 bln
EconomyMacroeconomyThe month-on-month rise in Greece's new tax debt came to 235 million euros in May, data from the Independent Authority of Public Revenues (IAPR) has shown. The aggregate figure for the first five... of 105 million euros month-on-month. In the year to date, the total for overdue debt has increased
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Fiscal targets and tax cuts on agenda as Staikouras meets Regling
PoliticsGreek Politicsto sway the creditors remains to be seen. So far, there has been no indication from the European lenders that they are prepared to discuss a lowering of the fiscal target. The government, though, has
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Eurosystem funding rises by 539 mln in June, banknotes in circulation also up
EconomyMacroeconomymillion. In the year so far, Eurosystem funding has declined by 2.46 billion euros, reflecting a fall... funding to Greek banks has steadily dropped. The total fall by June 2019 came to 148.49 billion euros
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