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Tag Archives: investors

Greek Hydrocarbon Company speeds up contacts with investors granted concessions

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 suspends new residence permits for Russian investors

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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Greek power grid operator HEDNO attracts 11 investors

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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“Greece on growth trajectory, great potential for global investors,” says PM

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 to extend Golden Visa program to lure more investors

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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“Golden Visa” programs under EU fire, as Greece plans to expand the program

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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Fifteen investors interested in acquiring PPC lignite-fired power plants

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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When will Greece return to markets? ESM, Commission send conflicting messages

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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1000+1 reasons why investors do not invest in Greece

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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Why do major investors avoid Greece?

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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ESM Regling prepares ground for new loan: “Sooner or later Greek govt will be out of liquidity”

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 sells €1.138 billion in 6-month T-bills

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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Is Portugal the Next Greece? And How About Ireland?

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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