ENGLISH EDITION

ENGLISH EDITION

Binding offers for National Insurance expected in May

National Bank disbursed new loans worth 3.0 billion euros in 2019 and expects loan disbursement to move around these levels in 2020 as well, financing enterprises and households. Mylonas said a negative climate has been reversed and that demand for new loans has begun.

24 Ιαν 2020 09:52

ENGLISH EDITION

Talks between Greece, creditors hit snag on state-backed loans

The loans, reaching 3.4 billion euros, were issued prior to the crisis to vulnerable social groups, such as fire and earthquake victims, residents on remote islands, Roma, farmers, and small business owners. Out of the total amount, 2.1 billion euros have gone to individuals and 1.3 billion euros went to small businesses.

23 Ιαν 2020 14:42

ENGLISH EDITION

Vinci expands into energy efficiency in Greece, bids for Epirus deal

Vinci does business in energy efficiency, constructions, and other infrastructure projects via its subsidiary Vinci Energies, which reported revenues of 12.6 billion euros in 2018. Almost 30 percent of revenues came from industrial installations, such as building production lines, while another 30 percent came from energy projects.

22 Ιαν 2020 15:06

ENGLISH EDITION

National Bank of Greece sees 500 million euro boost

This transaction, from which NBG will record a book gain of 500 million euros, could only be executed with the approval of the Greek state. The extraordinary gains are a bonus for the bank which would not have been otherwise able to move ahead with large securitizations of non-performing loans (NPLs) under the state guarantee Hercules plan. The gains will help also help cover losses connected with the sale of National Insurance.

21 Ιαν 2020 15:13

ENGLISH EDITION

National Bank extends staff exit plan; warns about future offers

In a letter sent to employees and seen by Business Daily, chief executive Paul Mylonas informed staff that the program will be pushed back to February 10, from the end of December. This will allow for a higher participation rate in the program as many employees had questions about it and how they would be affected by upcoming changes to the social security system.

20 Ιαν 2020 14:45

ENGLISH EDITION

Plans for transition to post-lignite era ready by end-June, Dev't Min. Hatzidakis says

The EU is working with the government and local government to ensure that funding reduces the repercussions to residents of these areas and creates viable alternatives, the Commissioner said. Countries like Greece that are speeding up the post-lignite programs will have a competitive edge and receive funding earlier. The EU has assessed the amount provided to coal-mining areas of Europe undergoing a transition to nearly 100 billion euros.

18 Ιαν 2020 23:43

Staikouras_eurogroup

ENGLISH EDITION

EU budget inspectors arrive in Athens next week in tough review

Indicative of the mood, was a harsh line adopted by the commission against Portugal on Wednesday, because of insufficient progress in reducing its structural deficit. The opinion is a blow to Portuguese Finance Minister Mario Centeno, who chairs the Eurogroup of finance ministers, who had been credited with overseeing a sharp improvement in the country's finances.

17 Ιαν 2020 11:48

ENGLISH EDITION

Eurobank opens the path to asset protection scheme

Eurobank officials have met with Greece's Public Debt Management Agency, on the technical details so that the bank can apply for the asset protection program straight after receiving the credit rating. The application will relate to the securitizations of loans worth 2.4 billion euros, the senior notes belonging to the tranche, that will be rated by the credit agency.

16 Ιαν 2020 12:54

ENGLISH EDITION

ECB's crucial decision on Hercules plan expected

European banking authorities have yet to rule on whether the bonds to be issued as part of the Hercules Asset Protection Scheme will have a zero-risk weighting in a crucial detail for the proposal aimed at helping Greek lenders manage bad loans.

15 Ιαν 2020 13:58

ENGLISH EDITION

Ιn message to staff, CEO Tsamaz says that OTE working on 10-year development plan

The development plan for the Hellenic Telecommunications Organization (OTE) in the decade ahead is still being worked on, Group Chairman and CEO Michael Tsamaz said in a personal message to staff, adding that they had nothing to fear about the future of their jobs.

15 Ιαν 2020 08:56

invest_greece

ENGLISH EDITION

Applications for strategic investments rise sharply to 2.6 bln euros

These applications, relating to 13 projects that are mostly in the field of tourism, have been submitted to Enterprise Greece, the country's investments and trade promotion agency, for approval. If they are given the green light, the projects will then head to a joint ministerial investment committee that is likely to put them on a fast track process, helping speed up its implementation time by reducing red tape involved.

14 Ιαν 2020 15:50

ENGLISH EDITION

Million euro property investments prompt Patision St makeover

A major makeover is taking place at Patision street, one of the busiest streets in central Athens. Four new property investments (and possibly a fifth) are set to take place on the street with most located on the stretch between Omonia square and the Athens University of Economics and Business (AUEB).

13 Ιαν 2020 16:01