ENGLISH EDITION

As the head of the ECB pointed out, discussions have progressed significantly in both the European Commission and the ECB on the establishment of Asset Management Companies (AMCs) at national level, but also on the strengthening of AMCs in countries where they already exist. Asked about the Bank of Greece’s, Lagarde referred the issue to BoG Governor, Yiannis Stournaras.

From the beginning, the president and major shareholder of Aegean, Eftychis Vasilakis, had ruled out, speaking to analysts, the scenario of the group’s partial nationalization. Developments seem to justify it, as Aegean has been saved thanks to state support, but this has been done thanks to general measures provided to all companies, without having to embark on the adventure of a rescue program specifically for the airline group.

As announced by the Prime Minister’s office, the fund has five cycles, namely Employment and Social Cohesion, Digital Governance, Infrastructure and Transport, Productive Transformation and Private Investments. In each "cycle", projects or other actions can be included up to a specific budget, without meaning that in the end there will be no changes depending on the proposals submitted by the ministries.

Pompeo's visit highlights, he said, the renewed strategic relationship and the special weight of Greece as a factor of stability and security in the wider region.

At the prime minister’s office they know that HAI is facing serious problems and is unable to comply with agreements made with the Greek Air Force on aircraft maintenance.

Vantage Towers Greece will become the largest infrastructure management company for mobile base stations in Greece, including in its portfolio more than 5,200 base stations.

According to sources, Athanasopoulos will take responsibility for critical sectors of the bank: its retail, digital transformation and in general the group’s operational transformation.

Sources told Business Daily, many objections and concerns are being expressed by investors about the business plan presented, both in terms of the amount of returns for investors, which the government estimates will be around 5 percent, and whether it will be able to operate with private financial criteria and proceed with evictions of vulnerable borrowers who do not pay their rent.

Τhe BoG's plan, which will be submitted to the government and the country’s creditors by the end of September, envisages the transfer to the bad bank of problem loans at their book value

The banks' views are expected to be supported by a special study, which will show the potential impact and the risk of creating new wave of bad debt from the new bankruptcy code.