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Tag Archives: loan

Finance Minister doesn’t rule out another extension suspending loan repayments beyond April

Finance Minister Christos Staikouras did not rule out another extension to the suspension of outstanding debt payments beyond April, if the economy has not recovered. Speaking to Thema FM about the active regulations and their deadline extensions to help support businesses and jobs during the pandemic crisis, Staikouras said “this …

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Greece announces new early repayment of IMF loans

Greek Finance ministry has launched procedures for the early repayment of a chunk worth 3.6 billion euros of a loan received by the International Monetary Fund. The specific repayment will cover loans ending in 2021 and 2022, Finance Minister Christos Staikouras said on Monday. It will be the second early …

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Greek banks extend suspension of loan payments for businesses & individuals

Greek banks, members of the Hellenic Bank Association, on Tuesday announced the extension of measures to support enterprises and individuals hit directly and indirectly by the pandemic crisis and of a moratorium on debt payments until December 31, 2020. In an announcement, the banks said they remained steadfast on the …

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European Investment Bank to provide €140mn loan to Piraeus Port

The European Investment Bank (EIB) formally agreed to provide 140 million euros to support expansion and upgrading of the Port of Piraeus, the country’s largest port. The loan is the largest ever for investment in the port and in the country by the EIB. The total investment plan amounts more …

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Hellinikon Investment: Mammoth loan from recapitalized Greek banks

A “mammoth” bank loan is still due before the Hellinikon investment project can proceed with works after it overcomes the last bureaucratic hurdles and all decisions by ministries and other public bodies give the green light. The Hellenic Development consortium consists of Lamda Development, China’s Fosun and Abu Dhabi’s Eagle …

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Greece to submit request for early IMF loan repayment on Sept 13

Greece’s finance minister will submit an official request to his eurozone peers this week for the early repayment of the International Monetary Fund (IMF). This was revealed by Prime Minister, Kyriakos Mitsotakis, during a press conference on Sunday. “The relevant request will be submitted by the finance minister to the …

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Greece completes transfer of 14 regional airports to Fraport

Greece has formally completed the transfer of 14 regional airports to a consortium led by Germany’s Fraport AG, in a privatization that is a key element of the country’s bailout program. The Greek state privatization agency says that under the deal signed Tuesday the consortium has paid a 1.23 billion-euro …

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Greece’s €3bn loan to boost employment has to wait, says World Bank

The efforts of the Greek government to boost employment through a loan from the World Bank must be put on hold. And there are two reasons for this, reasons that have directly to do with the World Bank. According to exclusive information of daily Naftemporiki,  a standing and inexorable condition before …

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Greece approached the World Bank for a loan of fresh cash

Greece’s government has asked financial assistance from the World Bank. The amount of the loan has not been revealed, neither when exactly the talks took place. However it sounds most possible that the government’s decision came amid negotiations with creditors on the second review of the third bailout program. Greece’s heavily …

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Greece requests 3-Year Program/Loan – Copy of Letter to ESM

Greece sent Wednesday morning a letter to European Stability Mechanism requesting a 3-year loan in order to “meet its financial obligations” and “ensure stability of the financial system.” It is the 3. bailout Greece is going to receive since 2010 as austerity programs without provisions for growth have led to …

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