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Greek bank recapitalisation: The story so far and what lies ahead
Economywith the official estimates of the institutions overseeing Greece’s adjustment programme. In addition..., the European Commission estimates (under its optimistic scenario) that bank the privatisation would result... for the four core banks. Although the binding scenario was the baseline, the Greek banks proceeded
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Greece commits to ambitious privatisation targets as part of new bailout
EconomyProgrammeestimated revenues would reach 0.5 billion in the 12-month period ending in September 2016 and 2 billion... prior actions: 1) Announce binding bid dates for Piraeus (OLP) and Thessaloniki (OLTH) port... steps for the sale of regional airports on the current terms with the already selected winning bidder
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Airport privatisation set for take-off as more sales head for runway
EconomyFeatures(DEPA) is also pending. Deputy Energy Minister Gerasimos Thomas estimated this week that the tenders... would be considered before moving to the second stage, which involves the consideration of binding.... One strategy being considered is for the winning investor to negotiate directly with ELPE and buy
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Newsletter 57 - 08/01/2016
drop in objective property prices, according to estimates. Yet, for a number of deprived areas... by the government at the beginning of the week. Finding a formula to achieve pension cost savings... and, after winning the June 2012 elections and heading a new three-party government, performed a political
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Retail sales drop by 8.6% in 2020 as e-shops prosper but many sectors suffer
EconomyMacroeconomythe scale of deviation from the initial assumptions. Also, the estimates of 4.8 pct growth this year... own estimates closer to 2 pct and a stronger rebound in 2022. Given these challenges, it is little... finding itself at odds with the specialist committee that advises the government on Covid-19 issues
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Talks to begin on plan to rescue PPC from dire financial straits
Economywas estimated at 330 million in 2022, with net debt at 5.45 billion euros.... be “crazy enough” to buy it. The DG Comp team arrives as the deadline looms for binding offers... in February collapsed. During the initial process, PPC received one binding offer for the Melitis unit
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ECB stress tests and what they will mean for Greek banks
Economywhether the ECB and EBA will incorporate the full capital benefit (estimated to be close to 2 billion... of the untapped HFSF capital (estimated to be above 10 billion) to the ESM so that it can form the basis... and the dynamic model) will be the binding figure for Greek banks. Local media and market sources have
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Finance Ministry outlines plans for making savings, increasing revenues
EconomyProgrammein Parliament earlier this month, Mardas estimated that the streamlining of all public procurements... to tobacco smuggling are estimated at 800 million euros, while measures targeting their illegal trade could... for procurements of up to 60,000 euros. This procedure will be binding not only for state firms but also
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Privatisation plan inches along as groups express interest in DESFA
EconomyProgrammeThe revenues from privatisations in 2016 came to 500 million euros. For 2017, they are estimated... billion in 2017-2021. Revenues of 2.15 billion are estimated in 2017 and 2.07 billion in 2018, which... stages to go through before the investors can make a binding offer. Privatisations have been one
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Athens hopeful release of 970 mln will be approved at Friday's Eurogroup
EconomyProgramme, it is estimated that two to three weeks will be needed for some member states’ parliaments to approve... up, estimated at around 28 billion euros, to pay off at least some of its loans to the IMF early... a close eye on the progress being made with privatisations. Binding offers are due to be submitted
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