GREEK NEWS

GREEK NEWS

National Bank sells secured NPLs worth 900 million euros

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National Bank of Greece on Monday announced that it has entered into a definite agreement with a consortium of funds advised by affiliates of Centerbridge Partners, LLP and funds advised by Elliott Advisors (UK) Limited for the disposal of a portfolio of 12,800 secured non-performing small Business Lending and Small & Medium Enterprises loans .(8,300…
GREEK NEWS

Energy Min. Chatzidakis: Partial privatization of distributor DEDDIE the way to save PPC

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Environment and Energy minister Kostis Chatzidakis presented measures to rescue the Public Power Corporation (PPC) in Parliament, during a three-day debate on the new government’s policy statements on Monday, that include the partial privatization of the distribution network operator. The measures for the troubled public utility, he said, include abolishing the lignite and hydroelectric production…
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GREEK NEWS

Monetary developments in the euro area: June 2019

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Annual growth rate of broad monetary aggregate M3 decreased to 4.5% in June 2019 from 4.8% in May Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, stood at 7.2% in June, unchanged from previous month Annual growth rate of adjusted loans to households stood at 3.3% in June,…
GREEK NEWS

Investment Min.: Hellinikon casino tender to be extended; PPPs for investment proposals

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The government will outsource to the private sector the licensing of new investments, Developments and Investments Adonis Georgiadis said in parliament on Monday, during the three-day debate on the government’s policy platform. Georgiadis said a relevant draft bill will be tabled in parliament that will include other provisions for speedier processing of investment applications. “We…
GREEK NEWS

Over 10,000 individuals have registered for residence-saving debt repayment plan July 1-19

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Over 10,000 users have initiated the process of applying for debt management to save their primary residence from loan defaulting during the e-platform’s three weeks in operation, officials said. According to the process, the Special Secretariat of Private Debt Management will post online the percentage and suggested contribution of the state within 15 days of…