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  1. Budget primary deficit at 1.47 bln euros in Jan, revenue shortfall hits 812 mln
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    billion euros. Net revenues came to 3.85 billion euros, below target by 812 million euros... a deficit of 782 million euros for the month.

    100%

  2. HFSF study identifies constraints on developing dynamic NPL market

    EconomyBanking

    -regulatory constraints and developments for the development of a non-performing loan (NPL) market... for the development of a dynamic NPL market which – to some extent – would relieve the banks’ debt... legislated or initiated in 2015 and 2016, the Greek institutional NPL framework still faces a number

    65%

  3. Athens ups diplomatic effort as Turkey plans hydrocarbon research in Greek continental shelf
    www.mfa.gr

    PoliticsForeign Policy

    colleagues, the foreign ministers of Greece and also Cyprus, in order to follow the situation... General Council, a position for which the only candidate is Turkish diplomat, Volkan Bozkir... to Greece, Burak Ozugergin, was summoned to the Greek Foreign Ministry in Athens, where he was handed

    60%

  4. A market for NPL resolution

    Agora

    -performing loan (NPL) formation. Greece is not alone in having to urgently confront a looming policy... asset class. The emphasis of many international investors looking at NPL management... and legal environment envisaged for medium-term NPL resolution, the single largest obstacle

    58%

  5. Compromise emerges on liberalisation of NPL market
    Photo by Harry van Versendaal

    EconomyProgramme

    in order to reach an agreement on the NPL issue as a whole. The institutions clearly favoured a full...-December. Other measures that are associated to the NPL issue include the monitoring of key performance indicators (KPIs) related to banks’ NPL resolution activities, tax issues related to write-offs

    47%

  6. Banks submit new NPL targets to SSM, with sales leading way in reduction drive
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyBanking

    would be obliged to have their banking information made known to the banks in order to identify...) of the year, Greece’s four systemic banks had met their NPL reduction targets. Excluding off-balance... that sales had overtaken write-offs as the main method of NPL reduction. Other factors It has been noted

    42%

  7. Mortgage loans a key piece of NPL reduction puzzle

    EconomyBanking

    that in the second quarter (Q2) of the year, Greece’s four systemic banks had met their NPL reduction... information made known to the banks in order to identify strategic defaulters. The number of such defaulters... to be formally submitted for NPL reduction targets between 2019-2021, a separate category has been

    39%

  8. Rise in overdue contributions slows to 310 mln in Q3, total at 16.9 bln

    EconomyMacroeconomy

    The rise in unpaid social security contributions (SSCs) slowed quarter on quarter (QoQ) to 310 million euros in Q3 of 2016, from 831 million in Q2. The outstanding amount reaching 16.92 billion, the quarterly bulletin of the single SSC collection centre (KEAO) displayed on Monday. The increase

    39%

  9. Budget primary confirmed at deficit of 1.47 bln in Jan as taxes dwindle
    Finance Ministry

    EconomyMacroeconomy

    . Net revenues came to 3.85 billion euros, below target by 812 million euros. The monthly primary... a deficit of 782 million euros for the month.

    37%

  10. BoG awaits go-ahead from DG Comp over NPL scheme
    Photo by MacroPolis

    EconomyBanking

    from the European Commission’s DG Comp in order to start operating. HFSF scheme Another scheme... the transaction on October 1, 2019. The end result will be the largest NPL management company... Europe, Eurobank’s licensed NPL servicer, Financial Planning Services S.A (FPS). The bank currently owns

    36%