BUSINESS Banking national_bank_summer_web

NPL sales seek to sustain high prices

EVGENIA TZORTZI

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.

BUSINESS Economy yogurt_web

Dairy industry oligopoly is a thing of the past

DIMITRA MANIFAVA

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.

BUSINESS Economy cardoner_web

State admits souvlaki price is set to rise

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.

BUSINESS Economy stock_market_flag_web--2

Agenda

MONDAY

The Athens Exchange will be closed due to the Western Easter Monday holiday, which is observed by most eurozone stock markets. It will reopen on Tuesday.

BUSINESS Finance cash_blocks_web

A lump sum, but not paid in a lump sum

ROULA SALOUROU

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.

BUSINESS Banking houses_glyfada_web

Online property auctions slowed down last month

EVGENIA TZORTZI

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.

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IN IMAGES

Petrified trees uncovered during power project

petrified-tree

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]