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  1. With troika OK pending, 2014 budget sees primary surplus at 1.6 pct of GDP
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    primary surplus for both years was reaffirmed, at 812 million in 2013 and at 2.95 billion in 2014.... Excluding the aforementioned items under EAP rules, gg primary surplus is seen at 812 million (0.4

    11%
  2. Budget execution shows surplus of 811 mln at start of 2014

    EconomyMacroeconomy

    1 billion euros compared to the initial estimate of 812 million incorporated in the 2014 budget... the ESA-95 methodology. Thus, the equivalent MoF projection of 812 million under EAP stands at 3.9

    11%
  3. Gov't adopts patchwork of measures to overcome liquidity problems

    EconomyProgramme

    : 310 million on March 6, 348 million on March 13 and 581 million on March 16. The last tranche... remaining 310 million relate to 90 percent of HFSF current cash reserves that until the end of 2015

    10%
  4. How Greece's political system failed to safeguard the largest investment in the country's history

    Agora

    : Alpha Bank, Eurobank, National Bank of Greece (NBG) and Piraeus Bank. First round of recapitalisation... the minimum private investor participation, while Eurobank was fully recapitalised by the HFSF... in Eurobank and 3.96 billion in Alpha. As a result, the HFSF became the dominant shareholder in the banks

    10%
  5. EU main destination for exports in 2019, fuel and pharmaceuticals lead way
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyFeatures

    increase of 38.9 percent to 1.57 billion euros. Aluminium products were the third biggest export..., were exports of fresh vegetables and aluminum respectively, while exports of cheese except feta stood

    9%
  6. Newsletter 395 - 29/09/2023

    Newsletters

    in the share capital of Eurobank, setting in motion its plan to dispose of its holdings in the four.... The management of Eurobank got the approval of the AGM earlier in the summer for the buyback of the shares... million shares that represent 1.4 pct of the share capital. Eurobank’s AGM had set an upper limit

    9%
  7. State braces for losses as bank divestment plan is put into action
    Photo via https://flic.kr/p/GG7K6F

    EconomyBanking

    its small participation in the share capital of Eurobank. This set in motion HFSF's plan to dispose... largest ever investment. The management of Eurobank got the approval of the AGM earlier... for the acquisition of roughly 52.1 million shares that represent 1.4 pct of the share capital. Eurobank’s

    9%
  8. EU prosecutor challenges government’s narrative on corruption
    Image: https://www.eppo.europa.eu/

    PoliticsGreek Politics

    that more resources would be provided. Her remarks also touched on deeper structural issues. She... criticism and snide remarks from some government MPs and ministers. It was a pointed institutional... of his new party. His remarks, combined with the organisational activity around him, offered

    9%
  9. Greek bank capital increases: A breakdown of what has been achieved
    Photo by MacroPolis

    Economy

    with cancellation of pre-emptive rights. A few weeks earlier, Eurobank had raised a higher amount..., 84 percent in NBG and Alpha and 95.2 percent in Eurobank by injecting an aggregate capital of 25.5... in Eurobank as it had fully covered its capital shortfall. Since the HFSF did not participate in recent

    9%
  10. The government decisions that could shape the future of Greek banks
    Photo by MacroPolis

    Economy

    . HFSF currently holds: 1) a minority stake in Eurobank (35.41 percent) and 2) a majority stake... place in Eurobank on February 1, when Nick Karamouzis was named new non-executive chairman... was perceived as market-friendly by the investment community since Karamouzis has served as Eurobank

    9%