Identifying strategic defaulters is a challenge for banks

By |2020-10-23T11:47:26+03:00February 13th, 2020|Greek Business File|

Greek Business File, January-February-March 2020, No 124 By Dimitris Kontogiannis   Local banks have started preparing their bad loan portfolios to be securitized under the newly legislated Hercules Asset Protection Scheme.   However, their biggest challenge will be to single out the strategic defaulters among their delinquent borrowers. A US academic paper estimates conservatively the strategic [...]

2020: A transition year

By |2020-10-23T16:36:50+03:00February 10th, 2020|Greek Business File|

Greek Business File, January-February-March 2020, No 124 Publisher’s note   2020: A transition year Dear Readers, The new year 2020 started packed with developments on all fronts. During January we have had a number of interesting institutional firsts. A new law established a system that will allow diaspora Greeks to vote in national elections – although [...]

East Med stabilizes the region of Eastern Mediterranean

By |2020-10-23T12:00:05+03:00February 7th, 2020|Greek Business File|

Greek Business File, January-February-March 2020, No 124 Interview by GBF   Dr. Theodoros Tsakiris, Associate Professor for Energy Policy & Geopolitics, University of Nicosia presents his views on the East Med pipeline prospects. Greece, Cyprus, Israel with their IGA (Intergovernmental Agreement) signed in Athens, in early January sealed their political agreement for the East Med [...]

Greece’s drive towards a more sustainable future: the new priorities of energy policy

By |2020-10-23T12:03:25+03:00January 27th, 2020|Greek Business File|

Greek Business File, November-December 2019, No 123 Βy Alexandra Sdoukou*   Greece’s drive towards a more sustainable future: the new priorities of energy policy. Alexandra Sdoukou, Secretary General of Energy and Mineral Resources at the Ministry of Environment and Energy, analyzes the ambitious roadmap for Greece’s transition to a greener energy mix and the planned [...]

The 2020 outlook for Greek bonds seems pretty good

By |2020-10-23T12:09:53+03:00January 23rd, 2020|Greek Business File|

Greek Business File, November-December 2019, No 123 Βy Dimitris Kontogiannis   The 2020 outlook for Greek bonds seems pretty good. Greece was able to sell its T-bills with negative rates for the first time ever in the fall of 2019; while bond yields continued to trend downwards, hitting historic lows even though the country does [...]

The lonely refugee path of Greece.

By |2020-10-23T12:13:31+03:00January 22nd, 2020|Greek Business File|

Greek Business File, November-December 2019, No 123 Βy Kyra Adam   The lonely refugee path of Greece When New Democracy Party took over government in July, no one thought that migration issues would become the biggest and the most enduring problem to solve. The number of refugees and migrants arriving on the Greek islands of [...]

Adieu lignite, hello to renewable energy sources

By |2020-10-23T12:28:57+03:00January 14th, 2020|Greek Business File|

Greek Business File, November-December 2019, No 123 Βy Kerin Hope   Adieu lignite, hello to renewable energy sources Greece has become the first country in the Balkans to announce a cut-off date for using locally mined, highly polluting brown coal (lignite) to generate electricity. At present coal-fired plants generate around 50 per cent of Greece’s [...]

Greeks know shipping better than the others…

By |2020-10-23T12:33:14+03:00January 13th, 2020|Greek Business File|

Greek Business File, November-December 2019, No 123 Interview by A.D. Papagiannidis   Greeks know shipping better than the others... Greek shipping has come through this crisis much better than the shipping of any other big nation insists Panos Laskaridis, the outgoing ECSA President. In this exclusive interview he gives the reasons for the unparalleled success [...]

A Herculean task for Greek banks

By |2020-10-23T12:40:11+03:00January 8th, 2020|Greek Business File|

Greek Business File, November-December 2019, No 123 By Dimitris Kontogiannis   Hercules asset protection scheme, a long-discussed project, has received clearance from the relevant European authorities to proceed, helping Greek banks to migrate non-performing exposures (NPEs) up to 30 billion euro off their balance sheets. The scheme, which was deemed free of state aid by [...]

Go to Top