The Greek Deal.com
ECONOMY
out-of-court mechanism
50% increase in arrangements in August
The out-of-court mechanism moved at a significantly higher pace in August this year compared to the same period in 2023.
Independent Power Transmission Operator
Crucial decisions for Greece-Cyprus postponed for next week
Despite last Monday's agreement in principle for the completion of regulatory issues on the Cypriot side that would unlock the next steps for the electrical interconnection of the two countries, the crucial decisions are finally postponed until next week, continuing the thriller of the Great Sea Interconnector.
GOLDMAN SACHS - MORGAN STANLEY
Why they proceeded το new upgrade of the target of greek banks
Upgrades for Greek banks continue, as after Fitch it is the turn of Goldman Sachs and Morgan Stanley.
Ministry of Finance
IRIS is now part of the daily lives of 3 million citizens
The use of IRIS has soared in 2024 as 1 in 2 citizens—more than 3 million—with web banking enabled have now linked their accounts to this instant payment system.
ELSTAT
At 9.8% in the second quarter
Unemployment in Greece fell to 9.8% in the second quarter of the year from 12.1% in the first quarter, according to data published by the Hellenic Statistical Authority (ELSTAT) on Thursday.
Servicers
€3 billion of settlements in the first half of the year
In the first half of the year, loan management companies made loan settlements totaling €3 billion, of which over €2 billion came from non-bank portfolios.
Kostis Hatzidakis
We ask the Commission for a further increase in spending
Kostis Hatzidakis, the Minister of Economy and Finance, referred to the Prime Minister's announcements at the TIF and the state of the Greek economy.
Hellenic Electricity Distribution Network Operator
Smart meters and undergrounding of networks in forest areas
Hellenic Electricity Distribution Network Operator (DEDDIE)) has submitted a plan for the installation of "smart" meters for electricity consumption for public review.
Fitch Ratings
Upgraded four Greek systemic banks, giving all of them a positive outlook
Fitch upgraded four Greek systemic banks, giving all of them a positive outlook.  In particular, the agency upgraded the long-term ratings of National Bank and Eurobank to 'BB+', from 'BB' previously, with positive outlooks for both banks.
Ministry of Finance
The extension of the Ionian Road in the NSRF
The inclusion in the NSRF of the extension of the Ionian Road, and in particular in the section Ioannina-Kakavia, was announced by the Deputy Minister of National Economy and Finance, Nikos Papathanasis.
National Bank of Greece
By early October the sale of 10% - 13% by the HFSF
Greece plans to complete by early October the reprivatization of the country's banks by selling its last stake in National Bank, Reuters quoted two sources with knowledge of the matter as saying.