ENGLISH EDITION

The lack of a regulatory framework in Greece is holding back investments in floating PV plants. Germany’s BayWa, which has installed some of the largest floating PV plants in Europe, is one of the companies that are looking at the Greek market with interest. In comments to Business Daily, Philipp Kunze, responsible for the development of projects in Greece of BayWa, emphasizes that the company is examining very closely the opportunities in the Greek market.

Banks and loan servicers have been pushing to reopen courts, arguing that keeping them closed raises the risk of a new generation of strategic defaulters emerging.

The plan, foresees the government providing 120 million euros in aid to the company to cover losses arising from the pandemic, on the condition that shareholders also contribute 60 million euros in fresh capital.

The side of the current administration, under Anastasios Kallitsantsi, continues to adopt a more public profile, giving interviews and making public statements.

The pandemic and the restrictive measures imposed on trade twice in 2020 were more difficult conditions out of the control of Apostolos Vakakis, but it seems that they affected Jumbo more than expected

According to the data from the Hellenic Statistical Authority, the turnover of accommodation companies in the third quarter of 2020 amounted to 1.5 billion euros, showing a decrease of 61.4% compared to the third quarter of 2019.

According to Minister of Finance, Christos Staikouras, Greece achieved a reduction of general government debt by approximately 620 million euros.

Eurobank, Alpha Bank and National Bank, through the large transactions that have been implemented, or will be implemented in the near future, will reduce their NPL ratio between 15% and 24%.

According to the initial agreement announced yesterday, the Intralot group will become a partner with the bondholders in its US subsidiary, which already brings in almost half of groups revenues from games and has strong prospects for future growth.

The data published by the EBA is more in line with the pessimistic estimates by the BoG, confirming that in the danger zone there are loans of 10.98 billion euros out of a total of 22.2 billion euros of loans that have been suspended.