Lazard appointed as new financial advisor to Greek public debt management authority

Lazard will be the new financial advisor to the Greek Public Debt Management Authority with the task to support the authority in the management of the country’s public debt and mostly the return of Greek state bonds to investment grade within [...]

ECB official: Greek banks met NPL reduction targets this year

Greek banks have met their targets on reducing non-performing loans (NPLs), European Central Bank’s (ECB) Andrea Enria said in an interview to Eesti Ekspress, an Estonian newspaper. Speaking on NPLs in southern European banks overall, [...]

Greek chambers present national plan for business parks

The Union of Hellenic Chambers on Tuesday sent to government ministers a survey on a “National Action Plan for the Development of Business Parks 2018-2040”. The survey was drafted by ReDePlan SA Consultants and lists the number, [...]

Greece to launch seven-year bond

Greece will launch a seven-year bond, the Public Debt Management Organisation said in an announcement to the Athens Stock Exchange on Monday. For this reason, the finance ministry has appointed BofA Merrill Lynch, Deutsche Bank, Morgan Stanley, [...]

Greece’s third enhanced surveillance report to be discussed in the Eurogroup

Greece’s third enhanced surveillance report is the first topic of the Eurogroup on Monday, according to the agenda of the meeting. Eurozone finance ministers are expected to discuss the results of the report released last month, although [...]

BoG: State budget’s primary surplus will reach 2.9 pct of GDP this year

Greek economic growth will accelerate in the coming years, the Bank of Greece said in its interim report on Monetary Policy which was released on Monday. The central bank estimates that the country’s GDP will grow by 1.9 pct this year, [...]

Non-bank NPLS to total over 50 bln euros in 2-3 years, Eurobank official says

Companies handling loans will be called to manage a market of over 50 billion euros in non-performing loans (NPLs) not related to banks in the next 2 to 3 years, Tassos Panoussis, General Manager, Retail NPL Management and CEO of Eurobank FPS [...]

The process of submitting applications for the 1st Thales of Miletus Business Awards is ongoing

Thales of Miletus Business Awards are organized by the Cpan in collaboration with GK MEDIA PUBLISHING and the PALLADIAN CONFERENCES, under the auspices of the President of the Hellenic Republic, Mr. Prokopios Pavlopoulos and with the support [...]

Primary residence report positive, Fitch says

Reforms to the system whereby financially weak Greek households can try to restructure their debts are positive for banks and Greek structured finance (SF) and covered bond (CVB) transactions, Fitch Ratings said. The credit rating agency said [...]

EU Commission spring forecast: Greece’s growth rate to remain resilient at 2.2 pct of GDP

Greece’s growth rate is expected to remain resilient despite an external slowdown, with real GDP growth rising to 2.2 pct in 2019, according to the European Commission’s spring forecast released on Tuesday. “In 2019, real GDP [...]