Commission NPL progress report: NPLs in Greece fell 0.6 pct from June 2016 to June 2017

The reduction of non-performing loans (NPLs) in Greece was just 0.6 pct between 2016 and 2017 but expected to accelerate going forward, according to the European Commission’s First Progress Report on the Reduction of Non-Performing Loans [...]

Greece received increased EBRD funding in 2017

The European Bank for Reconstruction and Development (EBRD) increased its funding to Greece in 2017, according to the Financial Times on Wednesday. Specifically, Greece received 614 million euros, up from 485 million euros in 2016. Turkey was [...]

PPC signs memorandum of cooperation with GE Europe

Public Power Corporation’s (PPC) signature of a Memoradum of Understanding with General Electric Power in Zurich was “a historic moment,” PPC chairman and CEO Manolis Panagiotakis said on Tuesday, in a TV interview with the [...]

Papadimitriou: Greece has to modernize its economy, gear it towards industry and exports

Greece must modernize its economy by opening it towards productive industries and exports, Economy Minister Dimitri Papadimitriou said on Monday, during a New Year’s cake-cutting ceremony organized by the Piraeus Chamber of Commerce and [...]

Dragasakis: Dealing with bad debtors a government priority over the next period

Dealing with bad debtors must be a priority of national importance over the next period, government vice-president Yiannis Dragasakis said on Sunday in an article to the Athens-Macedonian News Agency (ANA). Although the phenomenon is global, [...]

Mario Centeno to be installed as new Eurogroup president at ceremony in Paris on Friday

New Eurogroup president Mario Centeno will assume his duties in Paris on Friday, replacing outgoing Jeroen Dijsselbloem, his press office said. Centeno is in Paris for an official visit, and Dijsselbloem will join him there for the handover [...]

Stathakis present major Greek natgas projects at Israel Business Conference 2018

Greece’s Environment and Energy Minister George Stathakis on Wednesday presented the major natural gas projects that Greece is participating in – such as the Trans-Adriatic Pipeline (TAP), the Greece-Bulgaria Interconnector (IGB), [...]

TANEO to set up Fund of Funds with 100 mln euros

The Greek New Economy Development Fund (TANEO) plans to set up a new Fund of Funds investment vehicle, with an initial capital of 100 million euros, in the framework of implementing an Investment and Development investment plan of Economy and [...]

Foreclosure auctions will take place exclusively online as of Feb. 21, according to draft law provisions

Auctions of foreclosed properties will be carried out only electronically as of February 21, according to one of the provisions included in the omnibus bill expected to be tabled by Tuesday night in Parliament. Electronic auctions will only [...]

Foreign investors raised exposure in Greek market in December

Foreign investors raised their exposure in the Greek stock market in December to 63.5 pct of the market’s capitalization (including the participation of Hellenic Financial Stability Fund) from 62.3 pct in November, and to 66.4 pct (excluding [...]