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NSRF 2021-2027: 26.2 billion for the coming years

NSRF 2021-2027: 26.2 billion for the coming years The new NSRF (National Strategic Reference Framework) will allocate a total of € 26.2 billion (of which € 20.9 billion is Community assistance and € 5.3 billion is national contribution) to the five European Policy Objectives: Innovative and smart economic transformation , energy transition and green and […]

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Bitcoin Drops Below $30K Wiping Off $100 Billion from Cryptocurrencies

Bitcoin Drops Below $30K Wiping Off $100 Billion from Cryptocurrencies Credit: Onov3056 , CC BY-SA 4.0/Wikimedia Commons Bitcoin fell below $30,000 on Monday for the first time since June 22, wiping off nearly $100 billion from the entire cryptocurrency market in 24 hours. Bitcoin was down more than 6% while ether fell nearly 9% and […]

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Bitcoin Drops Below $30K Wiping Off Nearly $100 billion

Bitcoin Drops Below $30K Wiping Off Nearly $100 billion Credit: Onov3056 , CC BY-SA 4.0/Wikimedia Commons Bitcoin fell below $30,000 on Monday for the first time since June 22, wiping off nearly $100 billion from the entire cryptocurrency market in 24 hours. Bitcoin was down more than 6% while ether fell nearly 9% and XRP […]

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Avalanche of dues to come from January

Avalanche of dues to come from January Debts of 35-40 billion euros to banks, the tax authorities and the social security funds that were frozen during the lockdowns will gradually come due for payment next year; that will be one of the biggest challenges of the post-pandemic period – i.e. the payment of those huge […]

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Investments with a footprint of over 2 billion are transforming Greece into a Data Center hub

Investments with a footprint of over 2 billion are transforming Greece into a Data Center hub With the leaps that the pandemic brought to the digital transformation, the needs for data storage in Greece, but also in the wider region of Southeastern Europe, are constantly increasing. Data centers are evolving into one of the most […]

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Unpaid tax dues are swelling

Unpaid tax dues are swelling Households and corporations had unpaid tax dues of 2.64 billion euros at the end of the year’s first five months, according to data from the Independent Authority for Public Revenue (IAPR), creating a hole in the year’s state budget. Tax debts are up 12% compared to January-May 2020, which is […]

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Greek shipowners invest $ 3.76 billion in ship purchases in the 2021 first half

Greek shipowners invest $ 3.76 billion in ship purchases in the 2021 first half A trading explosion occurred in the secondhand ship market during the first half of 2021 according to Allied Shipborking. In the first half of 2021, 1,060 ships worth $ 15.3 billion changed hands, about the same as in the whole of […]

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Mitsotakis: The first 4 billion from the Recovery Fund by the beginning of September

Mitsotakis: The first 4 billion from the Recovery Fund by the beginning of September Kyriakos Mitsotakis expressed his assessment that the first disbursements from the money of the European Recovery Fund for Greece will become at the end of the summer. Huge development benefit Referring to the discussion at the Summit on the state of […]

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What happened to the opposition?

What happened to the opposition? In the next few years, our country will be required to manage 100 billion euros’ worth of funds (Next Generation EU, EaSI, private funds). These funds, used properly, can transform Greek society. They have the power to change Greece’s productivity model, to push high-technology and sustainable energy sectors, to create […]

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EU mulling €3.5 bln migrant support package for Turkey

EU mulling €3.5 bln migrant support package for Turkey The European Union is considering 3.5 billion euros for Turkey to continue hosting Syrian refugees until 2024, two diplomats said on Wednesday, part of a bigger regional refugee support plan to stop migrants reaching the bloc. The total €5.77 billion package for Turkey, Jordan, Lebanon and […]

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Joe Biden Cancels $3 Billion Worth of Student Debt

Joe Biden Cancels $3 Billion Worth of Student Debt Joe Biden Speaking at the 2020 Iowa State Education Association Legislative Conference. Photo: Gage Skidmore, CC BY-SA 2.0/Wikimedia Commons Joe Biden has cancelled almost $3 billion worth of student loans since his inauguration in January of 2021. Biden has moved forward with his campaign promise to […]

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Greece’s Piraeus Bank Sells €7.2 Billion in Non-Performing Exposures

Greece’s Piraeus Bank Sells €7.2 Billion in Non-Performing Exposures Piraeus Bank sells billions worth of bad loans. Credit: Piraeus Bank Piraeus Bank, one of Greece’s four big lenders, announced earlier in the week that it has reached agreement with two international credit management companies to sell €7.2 billion ($8.61 billion) in of non-performing exposures (NPE). […]

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Commission endorses Greece’s €30.5 billion recovery plan

Commission endorses Greece’s €30.5 billion recovery plan The European Commission on Thursday endorsed Greece’s recovery and resilience plan, totalling 30.5 billion euros. “This is an important step towards the disbursement of 17.8 billion euros in grants and 12.7 billion euros in loans under the 2021-2026 Recovery and Resilience Facility (RRF),” the Commission said, adding that […]

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Loans serviced by firms up by 2.9 billion euros in Q1

Loans serviced by firms up by 2.9 billion euros in Q1 Τhe nominal value of loans to domestic residents serviced by local credit servicing firms (CSFs) that have been transferred to non-resident specialized financial institutions increased by 2.907 million euros in the first quarter of 2021, the Bank of Greece said in a report released […]

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REACT-EU: More than €2 billion in additional cohesion funds for Greece, Germany, Belgium, Slovakia and France

REACT-EU: More than €2 billion in additional cohesion funds for Greece, Germany, Belgium, Slovakia and France These OP amendments will help the Member States and regions concerned to deal with the economic and social impact of the pandemic and boost a fair green and digital recovery. In Greece, the changes to OP ‘Competitiveness, Entrepreneurship and […]

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EU raises €20 billion in 10-year bond to fund virus recovery

EU raises €20 billion in 10-year bond to fund virus recovery The European Commission said on Tuesday it has raised €20 billion ($24.2 billion) through a 10-year bond as part of its plans to finance the 27-nation bloc’s recovery from the coronavirus crisis. EU Commission president Ursula von der Leyen said the inaugural transaction of […]

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Turkey expected to sell $2.5bn in 5-year sukuk

Turkey expected to sell $2.5bn in 5-year sukuk Turkey is expected to raise $2.5 billion on Tuesday from a sale of five-year sukuk, or Islamic bonds, that drew more than $9.75 billion in orders, a document detailing the transaction showed. It set the yield for the Turkish sukuk at 5.125%, tightened from an initial price […]

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Investment “big bang” of 25 billion euros for energy transition

Investment “big bang” of 25 billion euros for energy transition The wave of investments caused in the economy by large Greek groups for the country’s energy transition to climate neutrality is unprecedented. Investments in RES projects either on land or at sea, gas-fired power plants to replace lignite power plants, energy storage systems and infrastructure […]

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G-7 Nations Plan to Donate 1 Billion Vaccine Doses to the World

G-7 Nations Plan to Donate 1 Billion Vaccine Doses to the World Army Spc. Angel Laureano holds a vial of the COVID-19 vaccine, Walter Reed National Military Medical Center, Bethesda, Md., Dec. 14, 2020. (DoD photo by Lisa Ferdinando) The G-7 Nations plan to donate 1 billion COVID-19 vaccines to the rest of the world, […]

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AI investment shortfall holding back the EU

AI investment shortfall holding back the EU An investment gap of 10 billion euros in artificial intelligence and blockchain technologies is holding back the European Union, argued a European Investment Bank survey released on Tuesday. It added that the bloc only accounts for 7% of annual equity investments in both technologies, while the US and […]

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The Greek Behind the $2 Billion Chipita Cash Out

The Greek Behind the $2 Billion Chipita Cash Out Spyros Theodoropoulos, Chipita CEO at the 2020 Delphi Economic Forum Credit: YouTube Screenshot Spyros Theodoropoulos, an Athens-born and bred entrepreneur, has closed on a $2 billion deal to sell the packaged food company Chipita to the Chicago based behemoth Mondelez (formerly the Kraft company). “Opportunities are […]

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Mondelez acquires Chipita in $2 billion deal

Mondelez acquires Chipita in $2 billion deal Mondelez International announced on Wednesday an agreement for the acquisition of Chipita, a leader in sweet and savory snacks in Central and Eastern Europe, for around $2 billion. Chipita reported revenue of $580 million in 2020 and its product portfolio includes brand names such as 7Days, Chipicao and […]

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US Giant Mondelez Acquires Greek-Founded Chipita for $2 Billion

US Giant Mondelez Acquires Greek-Founded Chipita for $2 Billion Credit: AMNA Mondelez International on Wednesday announced an agreement for the acquisition of Chipita, a leader in the bakery product and snack sector in central and eastern Europe, for around $2 billion. Chipita was founded in Greece 40 years ago. It reported revenue of $580 million in […]

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Greek budget recorded primary deficit of 6.201 billion euros in Jan-April

Greek budget recorded primary deficit of 6.201 billion euros in Jan-April Greek state budget recorded a deficit of 8.797 billion euros in the January-April period, up from a budget target for a deficit of 7.768 billion and a shortfall of 4.072 billion euros in the corresponding period in 2020. The Finance ministry, in a report, […]

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Retail market loses over half a billion euros in Q1

Retail market loses over half a billion euros in Q1 The latest lockdown cost retail commerce more than half a billion euros, with turnover sliding €559.44 million year-on-year in the first quarter, during most of which stores remained shut. Most stores opened only for the second half of January, plus a few days with the click-and-collect […]

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EU Supports Africa With €1 Billion to Tackle COVID-19 Pandemic

EU Supports Africa With €1 Billion to Tackle COVID-19 Pandemic Students in the African country of Uganda celebrate Greece’s struggle for Freedom Independence. Credit: Greek Reporter Africa’s Covid-19 struggle will be supported with over €1 Billion and expertise from Europe, the European Commission announced.  European Commission President Ursula von der Leyen announced on Friday at […]

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EU signs Pfizer vaccine contract for 1.8 billion doses

EU signs Pfizer vaccine contract for 1.8 billion doses The European Union’s executive arm has signed a third vaccine contract with Pfizer and BioNTech through 2023 for an additional 1.8 billion doses of their Covid-19 shots. The European commission says the deal will allow the buying of 900 million doses of the current shots and […]

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Delphi Forum: 32 billion euros from the Economic Recovery Fund by 2026

Delphi Forum: 32 billion euros from the Economic Recovery Fund by 2026 “The 32 billion euros of the Recovery Fund that will leverage another 30 billion from the private sector will have entered the economy by 2026 and you understand the mobility and dynamics that will be created”, stressed the Deputy Minister of Development and […]

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Εthnika

Οι φόβοι και οι υπολογισμοί του Ερντογάν

του Didier Billion (*) Απειλές κατά του φιλοκουρδικού κόμματος HDP, αεροπορικές επιδρομές εναντίον των Κούρδων στη Συρία, αποχώρηση από την ευρωπαϊκή συνθήκη για την αποτροπή της βίας κατά των γυναικών, εκδίωξη του διοικητή της Κεντρικής Τράπεζας: οι τελευταίες κινήσεις του Ρετζέπ Ταγίπ Ερντογάν εντάσσονται στον συνήθη τρόπο λειτουργίας του με στόχο τη δημιουργία κρίσεων και […]

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