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Piraeus Bank raises 1.38 bln in share capital increase
EconomyBankingcombined, the bank said last month that the total capital benefit would be as much as 2.6 billion euros... that will hold more than 20 percent of the share capital. Meanwhile, according to Kathimerini, Abu
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Athens calibrates domestic and diplomatic response to Iran war as tension with Turkey resurfaces
PoliticsGreek Politicsdifficult repatriation operation in decades”, complicated by the near‑total closure of regional airspace... from Israel, the UAE, Oman and the West Bank. A C‑130 brought 91 people from Abu Dhabi; 93 were
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Primary cash surplus at 20.34 bln in November as revenues grow
EconomyMacroeconomybillion euros against last year’s total of 43.17 billion. Year-on-year, expenditure for the month fell... million euros to stand at 253 million. On an aggregate basis, interest payments showed a decline of 277
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Newsletter 234 -10/01/2020
with Ankara, which escalated following Turkey’s decision to sign a maritime agreement with Libya... actions in Libya, as well as the two memoranda signed between Ankara and Tripoli. However, Turkey’s... fall of 829 million euros, bringing the total figure to 1.10 billion euros. The equivalent figure
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No let-up in tension with Turkey as MPs prepare to approve maritime boundary deals
PoliticsGreek Politicsas Turkish provocations in the East Med, including its own maritime agreement with Libya... no real interest in holding talks with the Greek side with the aim of defusing the current crisis... the effort being made by Germany to defuse the situation during its term holding the EU presidency
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Report reveals just 0.4 pct of taxpayers owe 85 pct of total tax debt
EconomyMacroeconomy. The breakdown showed 2 percent of the total tax debt (1.82 billion) is owed by 83.8 percent... million taxpayers (55.4 percent of total) owe less than 500 euros each. In contrast, just 16,290 taxpayers (0.4 percent of total) owe more than 300,000 euros each for a total amount of 78.79 billion
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Greek-Albanian relations take a hit over arrest of ethnic minority politician
PoliticsForeign PolicyThe detention of a mayoral candidate from the Greek ethnic minority in Albania has raised tension... of a mayoral candidate two days before the elections is not within the rule of law. The decision to detain the mayoral candidate in custody induces a full reversal of the rules of equality
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PPC general meeting approves unbundling of ADMIE
EconomyMacroeconomyagenda was the establishment of a holding company, the transfer of a 51 percent stake in ADMIE... with collateral of a total amount of 300 million euros.” The collateral will include, among others, provision of guarantees from the holding company (Energiaki Holding SA) and assignment of existing
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Increase in overdue contributions accelerates to 831 mln in Q2 as total reaches 16.6 bln
Economyby general government entities as well as defaulted debtors. From the total outstanding overdue amount... of total). Moreover, around 24 percent of debtors owe between 15 and 30,000 euros each for an aggregate amount of 1.49 billion (9 percent of total). On the other side of the spectrum, 1,087 debtors (just
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Rise in overdue contributions slows to 310 mln in Q3, total at 16.9 bln
EconomyMacroeconomyof the total overdue stock of 16.92 billion euros, 12.23 billion (more than 72 percent) relate to main... 15,000 euros each for an aggregate amount of 1.11 billion (6.6 percent of total). This bracket... euros (9.1 percent of the total). The number of this bracket’s debtors stands at 73,437, recording
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