The Greek Deal.com
ECONOMY
LOANS
Greece has the highest rate of NPL's
According to the results of a recent Octane study on the Greek NPLs market, Greece still has the highest NPL rate in the European Union, at 3.3% compared to an average of 1.9% by Q2 2023.
GASTRADE
Five-year agreement with Venture Global for US LNG in Alexandroupolis
US liquefied natural gas (LNG) producer Venture Global has signed a five-year agreement with Gastrade to commit up to 1 million metric tonnes of LNG regasification capacity at the new Alexandroupolis terminal.
Hellenic Republic Asset Development Fund
67% of the port of Heraklion transferred to Grimaldi - Minoan Lines
The transfer of a majority stake of 67% of the share capital of Heraklion Port Authority S.A. (OLI S.A.) to the consortium consisting of Grimaldi Euromed and Minoan Lines, for a price of €80 million, has been completed.
Bank of Greece
€69.77 billion of loans managed by servicers
The nominal value of domestic private sector loans managed by servicers and transferred to specialized financial institutions abroad decreased by €277 million in the second quarter of 2024.
Bank of Greece
Surplus of €4.954 billion in the primary budget outturn in 8 months
The primary balance of the state budget in the 8 months of January-August 2024 was a surplus of €4.954 billion, compared to €5.576 billion euros in the corresponding period of 2023, according to data announced today by the Bank of Greece.
EUROSTAT
Annual inflation in Greece at 3.2% in August
Inflation in the euro area continued to slow down in August, confirming analysts' estimates and giving the European Central Bank further scope to ease policy if this trend continues.
IPTO
Green light from Cyprus for the electricity interconnection with Greece
Yesterday, the Cypriot cabinet gave the go-ahead for the €1.9 billion project for the energy interconnection between Greece and Cyprus to move forward with the agreement with the Greek government and IPTO.
ERGOSE
Three new €1 billion railway projects in Northern Greece
Three new railway projects worth a total of €1 billion in Northern Greece are being "run" by ERGOSE, aiming to make our country a hub in the wider region.
Ministry of Finance
A Fair Development Transition Portfolio Fund is established
The Deputy Minister of Economy and Finance, Nikos Papathanasis, signed the financing agreement for the establishment of a Fair Development Transition Portfolio Fund by the Hellenic Development Bank.
Greek Banks
What Hercules III brings for the banking system
Kostis Hatzidakis, the Minister of National Economy and Finance, made the announcement regarding the extension of the Hercules program by an additional €1 billion during an inter-ministerial discussion on the details of the TIF measures.
Independent Power Transmission Operator
Everything points out to a deal with Cyprus for the electrical interconnection
Last minute consultations of the Greek and Cypriot sides on the major issue of the electrical interconnection between the two countries, a project for the implementation of which Tel-Aviv has clearly positioned itself in favour of, as it includes the prospect of (co)connecting Israel to the Great Sea Interconnector.