The Greek Deal.com
ECONOMY
ELSTAT
Consumption increased, deposits decreased in the 1st quarter of 2024
The disposable income of households and non-profit institutions serving households increased by 1.1% in the first quarter of this year, rising to €35.13 billion euros from €34.74 billion euros in the first quarter of 2023.
European Investment Bank
Collaborates with Greek Banks to boost mid-caps’ access to finance
The European Investment Bank (EIB) and Greece’s four systemic banks have agreed to a new collaboration in the form of a €700 million guarantee programme to support mid-caps in Greece.
Yannis Stournaras
The merger of Attica Bank with Pancreta is the optimal solution for the Greek State
The proposed solution for the Attica Bank and the Pancreta is the optimal solution both for financial stability and for the Greek taxpayer, assured the Governor of the Bank of Greece, Yannis Stournaras, speaking recently at the Standing Committee on Economic Affairs of the Parliament.
RECOVERY FUND
Fourth tranche of €2.3 billion disbursed to Greece
Greece received the fourth installment of €2.3 billion (net of pre-financing) from the European Commission yesterday for loans made possible by the Recovery and Resilience Fund (RRF).
Public Debt Management Agency
At 3.3% the yield for the 6-month Treasury bills
The yield in the auction of 26-week €500 million of 26-week Treasury bills conducted today by the Greek State was 3.30%.
GOVERNMENT
Bill for the restructuring of GrowthFund submitted to the Parliament
The bill of the Ministry of National Economy and Finance on the restructuring of the Growtfund was submitted to Parliament, while it is foreseen that 50% of the revenue from the ports will be directed to new investments in the future.
Independent Authority for Public Revenues
27 businesses caught with false invoices of more than €218 million
27 businesses that are engaged in schemes and cases of sending and receiving fake invoices have been apprehended by the Independent Authority for Public Revenue.
Independent Power Transmission Operator
Ariadne Interconnection tender continues with one bidder
Ariadne Interconnection SA is a special purpose company that is implementing the Crete-Attica interconnection in a joint venture with Phaethon Monopersonal Holding Company. According to reports, Meridiam Europe IV A SAS, which had replaced Macquarie Super Core Infrastructure Fund a few months ago, is out of tender for 20% of the company.
Tourism
Almost 7 million tourists in Greece in 5 months of the year
In comparison to the same period last year, the number of tourists who came to our country during the five months of January through May increased by 20.6% to 7 million. Travel receipts in the same period increased by 16.2% to 3.8 billion euros.
Kostis Hatzidakis
Lack of agreement for Attica Bank will lead to a €1.6 billion haircut on deposits
Minister of Finance Kostis Hatzidakis referred to a loss of savings of over €1.6 billion if the uncovered deposits (909 million for Attica Bank and 726 million for Pancreta) would be lost.
ELSTAT
Turnover in Retail up 3.1% in May - Down 3.3% compared to April
ELSTAT data for retail trade enterprises shows that in May 2024, turnover was €3.72 billion, up 3.1% from May 2023 when it had stood at €3.61 billion and down 3.3% from April 2024 when it had stood at €3.84 billion.