ENGLISH EDITION

ENGLISH EDITION

FinMin Staikouras announces new effort to slash NPLs in 2020

The finance minister said that the current first residence protection scheme will end in April and a new programme for debt settlement will be implemented. In addition, he announced that a second systemic intervention for the reduction of bad loans (NPLs) will be launched next year.

24 Δεκ 2019 15:02

ENGLISH EDITION

DEPA approves participation in Alexandroupolis FSRU natural gas project 

The natural gas project in Alexandroupolis - including a terminal station for liquid natural gas (LNG) - will open up the market of natural gas to more competition, and is both an EU Project of Common Interest (PCI) for a connected European energy grid and one strongly supported by the United States.

24 Δεκ 2019 10:17

ENGLISH EDITION

Eurobank in landmark deal: What the doValue agreement means for Greek lender

The deal with doValue, the largest loan servicing company in southern Europe, gives Eurobank first place among the large securitizations to be completed by Greek banks by taking advantage of state guarantees offered by the government's Hercules Asset Protection Scheme.

23 Δεκ 2019 07:30

ENGLISH EDITION

BoG chief Stournaras expects growth acceleration

On the "challenges" included in the report, the governor of the Bank of Greece pointed out that the fiscal discipline should continue and the target for primary surplus reduced, "always in consultation with our partners".

21 Δεκ 2019 08:45

ENGLISH EDITION

Lights quiver on Greece's Fourth Industrial Revolution

Every time there is heavy rain in Mandra, west of Athens, factories close down their machinery, to avoid causing damages to their equipment worth millions of euros, due to the Hellenic Electricity Distribution Network Operator's (HEDNO) dated power network.

20 Δεκ 2019 15:10

ENGLISH EDITION

Privatizations fund aims for record year in 2020

Greece's privatizations fund HRADF is aiming for revenues of 2.4 billion euros in 2020 by selling 20 percent of the Athens International Airport (AIA), a stake in Hellenic Petroleum (ELPE) and 100 percent of gas company DEPA's commercial and infrastructure operations.

19 Δεκ 2019 14:21

ENGLISH EDITION

Greek stocks end in 58-month record high

Among market sectors, Real Estate (5.74 pct) and Telecoms (3.16 pct) scored big gains, while Travel (0.62 pct) and Trade (0.36 pct) suffered losses.

19 Δεκ 2019 07:32

ENGLISH EDITION

Banks given more room to make money on bonds

The country's lenders are currently limited to eight billion euros of investments in Greek government bonds. The cap was introduced after the huge losses incurred by banks from a debt write off deal imposed on private sector bondholders in 2012 by the Greek government. 

18 Δεκ 2019 13:15

ENGLISH EDITION

Lamda Development: Full coverage of the share capital increase in cash

Specifically, the SCI was subscribed by approximately 1.1 times as investor demand amounted to 105,737,572 shares. 99.14 pct was covered by subscriptions by investors exercising the pre-emption right with the payment of a total amount of 644,415,560.90 euros corresponding to 96,181,427 new common registered voting shares.

18 Δεκ 2019 07:32

ENGLISH EDITION

Greece clears British, French energy investments

Two large projects totaling 386 million euros in renewable energy have been cleared by Greece's strategic investments committee, freeing up deals that had been delayed for years. The decision paves the way for entry into the Greek market one of the UK's largest players in renewable power, SolarCentury and to companies belonging to France's Total Eren SA

17 Δεκ 2019 14:10

ENGLISH EDITION

Primary surplus at 6.945 bln euros in 11-month period

According to finance ministry data, the primary surplus in the January-November 2019 period amounted to 6.945 billion euros against a target of 4.715 billion euros. Net budget revenues amounted to 48.429 billion euros, up by 380 million euros or 0.8 pct compared with the revised target for 2019.

17 Δεκ 2019 07:41

ENGLISH EDITION

Interministerial Committee on Strategic Investments approves six strategic projects of 1.05 bln euros

Deputy Foreign Minister Kostas Fragogiannis spoke of "new strategic investments by the foreign ministry and Enterprise Greece in full coordination with the ministry of development and investments, the ministry of [environment and energy] and the ministry of tourism".

17 Δεκ 2019 06:45