Alpha Bank has signed a memorandum of understanding with Aktua Soluciones Financieras, a leading Spanish special servicer, to create and launch an innovative special servicing joint venture, Aktua Hellas.
Alpha Bank recently completed a shipping loan securitization transaction with Citi which involves 5 years term non-recourse funding in excess of USD 500 mil.
EIB loans to Greece are expected to exceed € 1.5 billion in 2014, as EIB Chairman Werner Hoyer stressed the remarkable progress in Greek fiscal data over the past two years , which also resulted to the country's successful bond issue last summer. It is also worth mentioning that EIB's view on Greek project risk has changed vs. 2012.
The Ministry of Environment, Energy and Climate change approved the environmental terms of the waste treatment PPP project in the Peloponnese Prefecture.
June 12th 2014
Five out of initially six local consortia that had expressed interest, where pre-selected by the Municipality of Corfu. Those five consortia will continue in the process of the competitive dialogue.
Fitch Ratings has upgraded Greece's Long-term foreign and local currency Issuer Default Ratings to 'B' from 'B-' with stable outlook.
The agreement was signed on Friday 9th May 2014.
The contracting authority of the project is KTYP of the public sector and the contractor is J&P AVAX.
The project refers to the construction of waste treatment facility in Thiva to treat 35.000 ton/y of municipal solid waste generated in the region (2nd Viotia prefectural unit). The total budget of the project is €20 mil., co-financed by the Cohesion Fund of the European Union (ESPA).
The contractor will be selected through public international competition with competitive dialogue procedure and will undertake the design, financing, construction, maintenance and operation for the waste treatment unit in Corfu.
The European Commission has confirmed that Greece has achieved a primary budget surplus of 1.5 billion Euro, or 0.8% of GDP, in 2013 being well ahead of the 2013 target.
