December 29th, 2015 Greek Deputy Finance Minister Charitsis: EU funds of € 8 bln to be channeled into the Greek market in 2016 More than 8 billion euros will be channeled into the Greek market in 2016 through the Public Investments Program (PIP) and international organizations such as the European Investment Bank, the European Bank for Reconstruction…
November 17th, 2015 Greek banks AQR results came out better than “feared” by EU officials The four systemic Greek banks’ AQR and stress tests were recently released by ECB. Total assets of close to €300bn were placed under ECB’s stress tests. The resulting total capital shortfall reached €14.4bn under the adverse scenario. This amount is…
September 1st, 2015 Tourism developments drive real estate investments in Greece despite recent capital controls crisis The Greek Real Estate Market is showing signs of activity mainly driven by tourism investment. While privatizations of Astir Vouliagmeni and the Ellinikon real estate project have been delayed for many months, private investors progress opportunities in high end…
May 26th, 2015 Greek Banks’ balance sheet clean-up starts with hotel assets Greek Banks are continuing with sales of problematic and repossesed hotel properties. Piraeus Bank is in the process of selling a portfolio of hotel property NPLs valued at approx. EUR 250 million. In addition, two iconic Athens hotels (Athens Ledra Marriott and Pentelikon) are…
March 26th, 2015 Greek listed companies divest subsidiaries and assets to improve liquidity and reduce debt Greek listed companies mostly active in problematic sectors (coastal shipping, fish-farms, capital goods), which face structural problems as well as high debt, have discretely proceeded to sell international subs and real estate assets during 2014.
