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Privatisation chief hopeful of reaching 2016, 2018 targets as several sales near conclusion
EconomyGreece’s privatisation chief believes that 2 billion euros can be raised this year from asset sales. Speaking at a meeting of the Athens Chamber of Commerce and Industry (EBEA) on Monday afternoon... expressed interest in buying a 100 percent in TRAINOSE (operation and management of railway activities
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Government faces tight schedule for amendments to bailout legislation
EconomyProgrammethe preferred bidder in November 2014 for the sale of 100 percent of its shares and the right... actions by June 1, before the meeting of the ECB Governing Council on June 2, which is expected
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Greek banks on cusp of improved liquidity conditions
Agoraon June 2, the ECB postponed that decision until all prior actions are implemented and the ESM... 100 million. As an indicative reference, for each 10 percentage point cut in the collateral haircut
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Encouraging signs for Greek banks in Q1 results but NPL management looms large
Agora, while Alpha and Piraeus recorded relatively modest net losses of 2 and 37 million respectively... improve NII to a total (waiver and haircut) benefit of around 100 million euros per annum. Our
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Tsipras gauges EU mood on Brexit as gov't strives for support on change to electoral system
PoliticsForeign Policynot back the government’s plan. These three parties account for 100 MPs, meaning that Tsipras would need... the show, the conservative chief also suggested that 2 percent of GDP primary surplus targets from
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Study weighs up extent of Greek emigration during crisis
Societyto 1917 and 1960 to 1972. She estimates that 1,764,000 Greeks have left Greece in the past 100 years..., the outflow represented more than 2 percent of the total workforce. However, over half of all
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Minor uptick in time deposit and average loan interest rate in June
EconomyMacroeconomybeen trimmed by around 100 bps, broadly due to the lack of competition, although the downward trend has... percent. On the flipside, interest rates for corporate loans above 1 million euros edged up by 2 bps
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Who pays property tax and how much revealed by Greek authorities
EconomyMacroeconomyof the total or 2 million individuals declare one property right, 1.39 million two rights... to pay zero ENFIA, while for 23.8 percent the ENFIA amount is up to 100 euros. Overall, more than 80
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Piraeus Bank posts net profits of 31 mln in Q3, records improved asset quality trends
EconomyBanking(+19 percent). Operating expenses fell by 2 percent QoQ to 322 million, mainly reflecting reduced... and 172 bps in Q1 on improved asset quality. The bank expects cost of risk of around 100 bps in 2017
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Greek stocks start 2017 with gains of 2.6 pct, banks continue outperforming
Economyto a 4.5-year low of just 10.4 million on January 2 but moved back above the 40-million-euro mark... (CET1) ratio by 100 basis points, the bank noted. In addition, S&P said NBG’s ratings remain
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