The Greek Deal.com
ECONOMY
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.
RECOVERY FUND - GREECE
Positive assessment on the 4th payment request
The European Commission announced today (Wednesday) its positive preliminary assessment of Greece's 4th payment request for the €1 billion Recovery Fund grant tranche.
Yannis Stournaras
The aim is to bring down inflation
In his speech to the 6th Endless Summer Conference on Financial Intermediation and Corporate Finance, Bank of Greece Governor Yannis Stournaras stated that  the challenge for the period ahead is to ensure that inflation continues to fall in the coming period and that it reaches our target in time.
Bank of Greece
The spread of interest rates on new deposits and new loans increased in July to 5.29%
Data from the Bank of Greece shows that in July 2024, the weighted average interest rate on new deposits stayed at 0.57%, while the interest rate on new loans increased to 5.86%.
Independent Power Transmission Operator
Greek - Cypriot agreement in principle for Great Sea Interconnector
An agreement in principle between the Greek and Cypriot sides for the promotion of the necessary steps that will unlock the implementation of the Great Sea Interconnector was reached in the negotiations of all stakeholders. recently.
S&P GLOBAL PMI
Greek manufacturing its recovery in August
The Greek manufacturing sector remained on an upward trend during August, according to the latest PMI survey data from S&P Global, although growth slowed again.