The intentions of investment funds active in purchasing nonperforming loans portfolios in Greece, having placed some 1.3 billion euros in the market to date, will be tested in 2019, as Alpha Bank, National and Piraeus are planning fresh sales adding up to more than 6 billion euros.
The milk price war that started in 2009, the reduction in demand for milk and yogurt due to the economic crisis, and the extensive promotional activities by certain supermarket chains, with suppliers following suit, have dramatically changed the picture of the dairy industry in Greece since the milk cartel case back in 2006.
The Economy Ministry has reacted to reports about an upcoming 10-15 percent increase in the retail price of souvlaki, a popular Greek fast food item comprising grilled pork wrapped in pita bread, saying that the rise in the price of pork has not exceeded 1-2 percent at the moment, but it might rise further due to a meat shortage in China.
The Labor Ministry is seeking ways to accelerate the processing of pending retirement lump sum applications, as despite assurances that the number of outstanding cases is coming down, reality suggests that there may be more than 200,000 retirees still waiting.
The common front between the Regulatory Authority for Energy (RAE) and the Independent Power Transmission Operator (ADMIE) against the Cypriot EuroAsia consortium appears to be cracking due to the project for the power interconnection of Crete with Attica.
Property auctions by banks slowed down considerably in March, amid the government’s negotiations with the country’s creditors over the protection of borrowers’ primary residences, while the same trend appears to have continued into April, ahead of the activation of the new platform for that purpose.
The Athens housing market remains under the strong influence of short-term rentals, as 70 percent of buying interest in small residential units concerns properties destined to be upgraded and leased through websites such as Airbnb and HomeAway.
A team of experts hoists the petrified trunk of a 20-million-year-old tree on the eastern Aegean island of Lesvos, Friday. The tree is one of several recently discovered on the island’s western flank during digging for a major Public Power Corporation project, prompting the Natural History Museum of the Lesvos Petrified Forest to put together a team of experts to safely remove the fossil from the site and relocate it to its exhibition space. [Stratis Balaskas/ANA-MPA]