Tag Archives: investors

The administration of the Hellenic Hydrocarbon Resources Management (HHRM S.A) is expected to begin contacting Greek and foreign investors who have been granted concessions for hydrocarbon exploration in the Ionian Sea, as well as areas west-southwest of Crete. Citing HHRM’s sources, state-run news agency amna reports that the decision to …

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Greece has suspended issuance and renewal of residence permits to wealthy Russian citizens investing in Greece “until further notice,” the Migration & Asylum Ministry said on Monday. The suspension applies to both permit requests under consideration and new requests. “New requests will not be accepted and no applications for the …

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Eleven investors have expressed interest in an auction for a minority stake in Greece’s sole power network operator, HEDNO, power utility Public Power Corp (PPC) said on Friday. Strategic investors, grid operators and investment funds submitted expressions of interest for a 49% stake in HEDNO by Friday’s deadline, PPC, which …

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Chinese nationals who invested at least 250,000 euros in real estate in order to obtain a Golden Visa are angry. 35 of them threaten to sue the Greek state for 10 million euros for delays in issuing the long-awaited precious and highly expensive  paper for them and their families. The …

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Greek Prime Minister Kyriakos Mitsotakis has hailed the historicrecord-breaking yield for the 10-year bond, yield that fell below 1 percent on Wednesday. In a tweet on the his prime minister’s account, Mitsotakis said that “Greece is now on a growth trajectory,” making the country a “great opportunity for global investors.” …

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Greece will extend the Golden Visa program to investors other that those purchasing real estate worth at least 250,000 euros. The new scheme will include those who make a bank deposit or an investment in Greek bonds or shares of  at least 400,000 euros. In return, recipients will get five-year …

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Eurogroup president, Mario Centeno, said that the Greek government bonds are safer after the decision on June 21. In an exclusive interview with CNBC on Wednesday, Centeno sought to reassure investors. Centeno said that an agreement to soften future debt repayments, reached two weeks ago, has reduced investors’ concerns over …

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Chinese investors reportedly want to create a big amusement theme park on the island of Crete, similar to Disneyland. According to local media, the investors have already contacted the Greek government on this issue and had a meeting with minister of state,  Alekos Flabouraris, on May 16. In a statement, …

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The European Union has become vulnerable to corruption and money laundering through the “Golden Visa – Golden Residence Permit” programs where non-EU nationals can acquire a visa if they invest in properties, investigation has found. The scheme not only attracts legitimate investors but also fraudsters. Brussels will try to find ways …

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The market test for the sale of the Public Power Corporation’s (PPC) lignite fired power plants has been completed “with absolute success,” the environment and energy ministry announced on Sunday. Fifteen investors expressed interest in acquiring at least one of the plants up for sale (in Florina and Megalopolis), the …

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The main aim especially of the first Greek bailout was to rescue investors outside Greece, outgoing Eurogroup chief Jeroen Dijsselbloem admitted  in the European Parliament on Thursday. Odd. Less than a month ago, Dijsselbloem said that the bailout was used to save the banks. “There were mistakes in the first …

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Greek government borrowing costs hit their lowest level in more than five years this week, investors speculate that Athens may soon end the exile from bond markets.  The Greek government signals return to the markets can happen already in summer 2017, short after creditors disburse the 7-billion euro bailout tranche …

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The deep rift between Greece’s European lenders and the International Monetary Fund leads to nothing else than to a delay in the conclusion of the second review. For one more time, the rift has triggered fears that another Greece debt crisis is looming and that even a default was at …

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China’s State Grid International Development offered the highest bid amounting to 320 million euros ($352 million) for the acquisition of 24 percent stake in Greece’s power grid operator ADMIE, Greece’s public power corporation (PPC) announced on Wednesday. The Chinese company and a consortium led by Italy’s TERNA had submitted binding …

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It isn’t about competitiveness and even lower minimum wages. It isn’t about the constantly changing taxation system and the over taxation. It isn’t about lack of growth-friendly policies, like lower tax rates and fast implementation of structural  -see: labor – reforms. It is about Mario Draghi, the European Central Bank …

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Greece is eager to attract major investors willing to put their money in Greece and create jobs. But investors are reluctant to do so. The question remains, however: Is the high level of Greece’s sovereign debt an obstacle to attracting investment? Indices measuring a country’s competitiveness – often a “gold …

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Odd. It’s normally German Finance Minister Wolfgang Schaeuble who ‘announces’ plans for new Greek programs and additional loans. Apparently, this time, the Germans made an arrangement among themselves: That ESM chief, German Klaus Regling will bring the bad news. It’s logical, as Schaeuble tries to topple Chancellor Merkel and cannot …

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Greece sold its targeted amount at a Treasury bill auction Wednesday, although the allotment yield increased from last month. The Greek Public Debt Management Agency sold EUR1.138 billion in 26-week T-bills, with the allotment including a 30% non-competitive tranche above the EUR875 million offer size, in line with Greek auction …

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The number of investors expected a euro zone break-up in 12 months has risen, according to a survey among mostly German-based companies. Why should the euro zone break-up? Because of Greece and because of “Grexit”… “Investor expectations of the euro zone breaking apart have risen to their highest level in …

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While Greece struggles in Brussels to convince its European partners of its good intentions, Portugal seems to follow the path of Greece. The IMF prescription programme didn’t help the Portuguese economy either. On Monday borrowing costs for Portugal rose to euro-era highs. The same happened with CDS that hit a record of …

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