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BoG Governor: One in six Greek businesses in arrears

About one in six businesses in Greece has the characteristics of a late payer, Bank of Greece Governor Yannis Stournaras said on Thursday, addressing an audience at the Federation of Industries of Northern Greece (FING) in Thessaloniki. 

  • Published in Greece

Amendments pass under heavy climate

The amendments for "red loans" of businesses and professionals and for the exclusion of non-arrears through 100 installments was voted upon through a roll-call vote, in a very heavy atmosphere in Parliament.

  • Published in Greece

Red loan decisions in late October

Deputy Development Minister Gerasimos Giakoumatos told Parliament today that decisions regarding non-performing loans would be announced by the end of October and not in September, as initially expected.

  • Published in Greece
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