ENGLISH EDITION

In Greece, the planned shutdown of lignite plants in coming years will play a key role in improving air quality, however, new policies are needed to address the environmental problem arising from road transport.

The lack of a regulatory framework in Greece is holding back investments in floating PV plants. Germany’s BayWa, which has installed some of the largest floating PV plants in Europe, is one of the companies that are looking at the Greek market with interest. In comments to Business Daily, Philipp Kunze, responsible for the development of projects in Greece of BayWa, emphasizes that the company is examining very closely the opportunities in the Greek market.

Banks and loan servicers have been pushing to reopen courts, arguing that keeping them closed raises the risk of a new generation of strategic defaulters emerging.

The plan, foresees the government providing 120 million euros in aid to the company to cover losses arising from the pandemic, on the condition that shareholders also contribute 60 million euros in fresh capital.

The side of the current administration, under Anastasios Kallitsantsi, continues to adopt a more public profile, giving interviews and making public statements.

Bond exchange transactions that have taken place since 2020 between the state and systemic banks were designed and executed by the Public Debt Management Agency (PDMA) in the context of the country's improving debt profile.

According to the data from the Hellenic Statistical Authority, the turnover of accommodation companies in the third quarter of 2020 amounted to 1.5 billion euros, showing a decrease of 61.4% compared to the third quarter of 2019.

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.