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Spotlight from Greece
 
23-05-2013
Greece’s C/A Gap Shrinks 43% Y/Y in March
Greece's current account deficit narrowed 43% year-on-year in March due to falling imports, Reuters reported, quoting central bank data.
 
22-05-2013
Gazprom Presses for Concessions in DEPA Sale
Gazprom is pushing for more favourable terms in the sale of Greece's retail gas distributor DEPA, Reuters reported, quoting a Greek official.
 
21-05-2013
Fitch Upgrades Greek Covered Bonds
Fitch Ratings has upgraded the National Bank of Greece's (NBG, 'B-'/Stable/'B'), Piraeus Bank's (Piraeus, 'B-'/Stable/'B'), Alpha Bank's (Alpha, 'B-'/Stable/'B') and Eurobank Ergasias' (Eurobank, 'B-'/Stable/'B') Greek mortgage covered bonds and assigned a Negative Outlook, it said.
 
20-05-2013
Greek PM hails "Greekovery" replacing "Grexit"
Greek prime minister Antonis Samaras has hailed revived interest in the country's bonds and stocks as a "Greekovery" to replace last year's "Grexit" catchphrase, Reuters reported.
 
18-05-2013
EU/IMF Lenders Keep 2013 Privatisation Target
Greece's foreign lenders kept the country's privatisation revenue target of 2.6 billion euro for the year, and left the country's overall debt outlook unchanged from a previous assessment, Reuters reported.
 
17-05-2013
Fitch Upgrades Greek Banks After Recapitalisation, Sovereign Upgrade
Fitch Ratings said it upgraded four Greek banks' Long-Term Issuer Default Ratings (IDRs) to 'B-' from 'CCC', Short-term IDRs to 'B' from 'C' and Viability Ratings (VR) to 'b-' from 'f'.
 
16-05-2013
Greece To Sell 30% of Power Utility PPC
Greece will sell about a third of the production capacity of power utility PPC to a private competitor in two years, Reuters reported.
 
15-05-2013
Fitch Upgrades Greece
Fitch upgraded Greece's ratings by one level to reflect the country's progress in rebalancing the economy and bringing its deficits under control.
 
14-05-2013
PM Samaras Says Greece Plans to Return to Bond Market in H1’ 2014
Greece’s prime minister Antonis Samaras said his country plans to return to the bond market in the first half of next year, Reuters reported.
 
13-05-2013
Greece Splits Up FBBank
Greece's FBBank was split into "good" and "bad" parts, as local lender NBG absorbed the bank's healthy operations, the country's central bank said on Saturday, as quoted by Reuters.
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