ENGLISH EDITION

According to Minister of Finance, Christos Staikouras, Greece achieved a reduction of general government debt by approximately 620 million euros.

Eurobank, Alpha Bank and National Bank, through the large transactions that have been implemented, or will be implemented in the near future, will reduce their NPL ratio between 15% and 24%.

According to the initial agreement announced yesterday, the Intralot group will become a partner with the bondholders in its US subsidiary, which already brings in almost half of groups revenues from games and has strong prospects for future growth.

The data published by the EBA is more in line with the pessimistic estimates by the BoG, confirming that in the danger zone there are loans of 10.98 billion euros out of a total of 22.2 billion euros of loans that have been suspended.

The basic plan of the government foresees that a program similar to the "Bridge" program will be created for small businesses and professionals.

Ellaktor’s general assembly has been postponed after a request by submitted shareholders that included shipowners G. Kaimenakis and Dim. Bakou, as well as CEO Anastasios Kallitsantsis. In an expected move, the general assembly will now be held January 27.

At the end of November, total private sector deposits amounted to 158.69 billion euros compared to 160.285 billion euros in December 2014, while in September 2014 deposits had risen to 164.75 billion euros .

IPTO's medium-term plans target new international electrical interconnections, new upgrade projects of the National Transmission System at High (150 kV) and Ultra High Voltage (400 kV) and improving the reliability of the network to boost credibility under the weight of growing RES penetration. The investment blueprint includes proposals for pilot projects for electricity storage on the islands and the mainland.

With the New Year offering a chance for new beginnings, BusinessDaily.gr presents shares on the Athens bourse that constitute its "Top Six" from top experts in the business. The ATHEX General Index raced ahead 30% in the last quarter of 2020 but for the year declined by 11.7%, versus gains of 3.5% for the year for Germany’s DAX and a dip in France’s CAC of 8.15%.

The process of government bond swaps between banks and the Public Debt Management Organization (PDMA) started in January by National Bank (NBG), while Alpha Bank and Eurobank followed with similar deals in December.