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Greece commits to ambitious privatisation targets as part of new bailout
EconomyProgramme. Excluding bank shares, the implementation of this programme aims to raise a total of 6.4 billion... estimated revenues would reach 0.5 billion in the 12-month period ending in September 2016 and 2 billion... activities) without any material changes in the current terms of the tenders. 2) Take irreversible
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Greek stocks up by 1.3 pct this week on banks’ 12.4 pct rebound
Economyby 4 and 2 percent quarter on quarter (QoQ) respectively, while operating expenses increased by 1... announced on Thursday a bond swap offer for a total consideration of 593-million-euor senior unsecured... a yield of 2 percent. Hellenic Petroleum announced a 5-year business plan targeting EBITDA of 650 million
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Greece fell two places to 60th in Doing Business ranking, World Bank says
EconomyGreece’s position in ‘Ease of doing business’ ranking deteriorated by 2 spots, World Bank 2016... in Paying Taxes (66th) and by 2 spots in Resolving Insolvency (54th). In the ten topics measured... that firms make eight tax payments a year, spend 193 hours to file, prepare and pay taxes. Also, the total
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Marginal changes in loan and deposit rates in Sept
EconomyMacroeconomyof capital controls, it was the highest in the eurozone. Overall, the weighted average rate on total new deposits fell by 2 bps to 0.69 percent in September indicating the lowest reading in the post-euro era... lower loan and deposit rates led the average spread of Greek banks down by a modest 2 bps to 4.10
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Greece gets tranche and looks ahead to next tasks, including pensions and NPLs
EconomyProgramme-tranche of 2 billion euros to Greece after the completion of the first set of milestones as well... of competition and prospects for investment. 2) Design of the New Organisation of Markets in Electricity (NOME... or indirectly, more than 50 percent of total electricity produced and imported in Greece is also among the MoU
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Management of NPLs to test gov't in negotiations with lenders
Economy) Initiation of the preparatory work to update and amend the out-of-court resolution law. 2) Proposal... of bank loan quality since the beginning of the year, the ratio over total loans edged up to 42.1... of September, meaning a rise by 2 percentage points in the third quarter close similar to the asset quality
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Greece concludes regional airports deal, more privatisations lie ahead
Economy. As a result, the total guaranteed cash consideration is seen at 2.15 billion euros. In addition... budget, the Finance Ministry indicated privatisation revenues of 2 billion euros for 2016, lower... summer, the IMF estimated Greece could collect privatisation proceeds of 2 billion.
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Gov't postpones discussion on parallel programme ahead of tranche approval
Economyprocess, while it added that the total cost is “extremely low at around 100 million”. The only... interventions such as: 1) Establishment of poor citizens’ bureaus. 2) Health support for uninsured... of supplementary staff of Social Welfare Centers (2 million). For most of the other measures, GAO report
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Newsletter 58 - 15/01/2016
for main pensions, which would increase to 3.7 billion, or 2 percent of GDP, if the court’s decision also involves the Christmas, Easter and holiday allowances of 800 euros in total for each pensioner... lower than in 2014. 2 Syriza's slow march The lack of strategic planning and clear thinking could bite
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Time deposit rate almost stable in December, average loan rate rises 17 bps
EconomyMacroeconomy, the weighted average rate on total new deposits eased further by 2 bps to a new low of 0.56 percent in December mainly driven by a 2 bps drop in corporate overnight rate. Loans The most notable rate changes
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