Displaying items by tag: unicredit

The good news from ELSTAT and Eurostat concerning the rise in available household income and Greece's top EU position as regards increasing employment were highlighted in the weekly review published by Prime Minister Kyriakos Mitsotakis on Facebook each Sunday, while he especially emphasised the deal between Unicredit and Alpha Bank.

Alpha Bank and UniCredit entered into a multi-layered surprise deal, marking the first major investment by a foreign bank in Greece in many years. The agreement is based on two parts, the merger of their subsidiaries in Romania and the achievement of strategic cooperation in Greece, focusing on the acquisition of the 9% held by the HFSF in Alpha Bank from the Italian bank.

The great debt reduction achieved by Greece is highlighted by Unicredit in its analysis. As the investment house's analysts explain, this reduction in debt was a result of both higher GDP and inflation and a smaller primary surplus.