Thirty three (33) listed companies participated, from the following thirty (30) groups:
|
|
- Augustus Blankenship
- 5 years ago
- Views:
Transcription
1 Press Release 21 September th Annual Greek Roadshow in London The 12 th Annual Greek Roadshow of Greek companies in London came to a close today. This year s Roadshow, in the tradition of the eleven (11) previous events, served as a platform for listed companies of the Greek Stock Exchange to present to investors of the international community their business developments and outlook. Thirty three (33) listed companies participated, from the following thirty (30) groups: 1. ADMIE HOLDING 16 KRI KRI 2. AEGEAN AIRLINES 17 LAMDA DEVELOPMENT 3. ALPHA BANK 18 MARFIN INVESTMENT GROUP 4. ATHENS EXCHANGE GROUP 19 MLS 5. ATTICA BANK 20 MOTOR OIL 6. AUTOHELLAS 21 MYTILINEOS GROUP 7. ELLAKTOR- EL. TECH. ANEMOS 22 NATIONAL BANK 8. EUROBANK 23 NBG PANGAEA 9. FOLLI FOLLIE GROUP 24 OPAP 10. FOURLIS 25 PIRAEUS BANK 11. GEK TERNA TERNA ENERGY 26 PUBLIC POWER CORPORATION (PPC) 12. GRIVALIA PROPERTIES 27 SARANTIS GROUP 13. HELLENIC PETROLEUM 28 THRACE PLASTICS 14. HELLENIC TELECOM (OTE) 29 TITAN 15. INTRALOT 30 VIOHALCO - CENERGY HOLDINGS A total of 650 one-on-one meetings were held between the listed companies and 90 investment funds and 125 analysts and portfolio managers. 1
2 Sokratis Lazaridis, CEO of the Athens Exchange Group, made the following comments during the event: The results of the macroeconomic convergence and structural changes to date, as evaluated during the recent return to the markets, shape a positive environment that allows the emergence of business proposals in a context of a potential for growth. This fact, from a stock exchange aspect, is reflected in the market s positive performance from the start of the year, from the drop in volatility under 15% and also from the increased participation of foreign investors at rates above 60%. The stock market capitalisation to GDP ratio increased in 2017 due to the improvement in the prices of listed companies. Nevertheless, it remains low compared to the European average, which continues to give room for expectations for the improvement of the valuations. During this year s 12th Roadshow, there was increased interest for meetings between investment firms and analysts and the managements of listed companies, allowing a broad representation of the stock exchange s sectors and for the first time after the recent crisis, the opportunity was given to 33 companies to present their outlook. Professor Haralambos Gotsis, Chairman of the Hellenic Capital Market Commission, underlined: "The conclusions from the events and meetings held between senior officers of important Greek companies and official bodies with representatives of London investment firms are fairly optimistic. Given the Greek economy s trajectory of recovery and the positive outcome expected, interest focused on specific placements, yields and the outlook of industries and businesses. Foreign investors are aware that by participating in a wellregulated market, they invest in a capital market which they can trust and which will allow them to realise their plans. A briefing session was held on the 20th of September, titled: Greece: Accelerating growth? Keynote speakers of the session were Minister of Economy and Development, Mr. Dimitris Papadimitriou, on the subject of Greece back on the growth path and Alternate Ministry of Finance, Mr. Giorgos Houliarakis, on the subject of Current state and outlook of the Greek economy. Dimitris Papadimitriou, Minister of Economy and Development, presented the Greek economy indexes, which reflect Greece s return on the path of growth, the subject of his speech. He specifically referred to the GDP growth in the first half of 2017 and the drop in unemployment, while outlining specific investment plans already announced for the current year, worth 2.5 bn euros. 2
3 As regards the advantages of the Greek economy for investments, among other things, he noted that it is a Eurozone country, with a stable currency, that it offers stability in a turbulent geographical area, and that it is an energy hub for Eurasia. Finally, he referred to the founding of the Greek Development Bank, which will contribute to the implementation of the new development plan for the country. The Alternate Minister, Mr. Houliarakis, further noted during his speech: The timely conclusion of the third program review is key. It will allow economic recovery to gain traction and will pave the way for Greece to regain full and sustainable access to capital markets. The macroeconomic record of Greece over the past two years has been significantly better than assumed by the last Asset Quality Review of the Greek banks. The economy is on track to recovery, banks are in the process of cleaning up their balance sheets with new credible tools and a clear set of targets. A new AQR will be an unnecessary distraction from the task at hand. A panel discussion was held on the subject of the Greek Economy and its outlook, with the participation of Mr. Daniele Antonucci, Senior European Economist, Managing Director of Morgan Stanley and Mr. Carsten Hesse, European Economist of Berenberg Bank. You can find these presentations attached. In his presentation, Mr. Antonucci, referred to the return of the Greek economy on a trajectory of growth. Mr. Hesse, noted: There are 5 reasons proving that the recovery of the Greek economy has begun: (1) Greece has implemented numerous reforms and is ranked by the OECD in the first places among EU countries adopting structural changes since (2) Greece managed to transform the twin deficit (current account deficit and budget deficit) into a corresponding surplus. (3) Greece improved its competitiveness and climbed from 110th place, to the 60th place of the ease of doing business index, while at the same time labour costs dropped by15% since 2008, versus an 18% increase in the EU. (4) Greece is improving its exports and tourism (tourist arrivals have increased by 60% since 2012). (5) Spain, Portugal, Ireland, Romania and Cyprus, countries which have also participated in a similar program, have already recovered and it is highly likely that Greece will follow on their path. A discussion followed, with the participation of Mr. André Küüsvek, Local Currency and Capital Markets Development Director of EBRD, Ms. Rania Aikaterinari, CEO, Hellenic Corporation of Assets and Participations S.A., Mr. Elias Athanasiou, CEO, Enterpirse Greece, Mr. Aposotolos Goutzinis, Partner, Shearman & Sterling LLP and Mr. Ioannis Kyriakopoulos, CFO, National Bank of Greece. The discussion was coordinated by Mr. Giorgos Koutsos, Partner, Deloitte Business Solution SA. 3
4 Mr. Koutsos, in his introductory address noted that: «"Deloitte has been closely involved in most recent transactions involving Foreign Direct Investment in key sectors of the economy such as Banking and Insurance, Travel and Tourism, Healthcare, Infrastructure and Real Estate etc. We are pleased to notice that Greece is increasingly getting back into the radar screen of the international investment community. In our discussions with investors, two key themes keep emerging as prerequisites for FDI: A stable and investor-friendly legal and regulatory framework and strong and flexible financial sector, able to support investors and corporates in financing viable, ambitions plans". Mr. Küüsvek stressed with regard to the EBRD s actions and the financing needs of businesses: - Greece is making good progress under the programme with Eurogroup, though significant challenges remain. The EBRD continues to cement the increasing confidence in the Greek economy through focussing on supporting and investing in the private sector. Since the start of operations in Greece, the EBRD has already invested over 1 billion. ATHEX Group has an important role to play in mobilising financing and becoming an efficient company financing hub for equity and debt, large and small enterprises. Ms. Aikaterinari noted: The Hellenic Corporation of Assets and Participations is preparing a long-term strategic plan that is based on the adoption of modern and best administration, management and development practices, to increase the value of public assets and revenues, while also improving effectiveness and services to citizens. One of the company's most important goals is to promote reforms for the transformation of public enterprises, in line with modern standards and practices. To this end, it is very important to establish an environment of trust, substantiated strategic and business planning, effectiveness, better use of the resources, strong groups and a uniform framework of corporate governance rules, that will support responsible management, transparency and communication. This transformation is never easy when it entails large-scale changes, but it is the only way towards securing economic stability, attracting investments and ultimately achieving sustainable development. Mr. Athanasiou stated with regard to the role and work of Enterprise Greece: Aiming at contributing to the growth of the Greek economy, Enterprise Greece, the national Investment and Trade Promotion Agency, is implementing a targeted business plan by utilizing best practices widely used by similar agencies around the world. In this context, our Organization participated at the 12th Annual Greek Roadshow organized by the Athens Stock Exchange at London in order to promote sectors and industries with high added value for our economy. Mr. Goutzinis made the following comment on the importance of the market in the economy's recovery and growth: Capital markets and other sources of finance are absolutely vital for Greece. They always have been. But the present financial conditions in the country are so desperate for external financing and investment, at all levels, that the attraction of such financing must be the top priority. Not one of many priorities. The top priority. Financial growth and development require political stability, sound public finances, certainty of 4
5 currency and a stable and advanced legal framework. Our country has achieved much in the way of structural reform since 2010 and we must now build on that and accelerate. It will be a pity to lose out on the present global liquidity glut. Mr. Kyriakopoulos gave a substantiated picture of the outlook for the banking sector in Greece, noting that: The banking system is gradually restoring its liquidity and has the means to finance businesses and households to kickstart the economy. Also following the enactment of the relevant legislation it has the tools needed for the restructuring and resolution of the non-performing loans in a more efficient way. The Roadshow was supported by seven (7) of the largest Greek investment companies Alpha Finance, ΒΕΤΑ Securities, Eurobank Equities, Investment Bank of Greece, NBG Securities, PANTELAKIS Securities, Piraeus Securities, by international investment bank Morgan Stanley, consulting company Deloitte and legal advice company Shearman & Sterling. This year s event was supported by the Enterprise Greece Invest & Trade organization. Attachments: Photographs from the Roadshow. The following presentation is available on the Athens Exchange website ( o Mr. Carsten Hesse, European Economist, Berenberg Bank titled: Greece: Economic recovery is overdue. With regards to the 12th Annual Greek Roadshow in London The Athens Stock Exchange is organizing for the 12th consecutive year, the Annual Greek Roadshow on September 2017, in London. In previous years the conference has been a great success as, on average, more than 150 representatives of foreign institutional investors participated. The purpose of the Roadshow is to enable listed companies in the Athens Stock Exchange to meet with foreign institutional investors and present their growth prospects in the form of individual meetings (one-on-one meetings). The invitation 5
6 for this year's event has been accepted by 28 listed companies that will represented by top management. Within the framework of the Roadshow, events are organized aiming to inform of related developments and prospects of the Greek Economy, structural changes that have taken place and specific business plans that may be of interest to the European investment community. Furthermore, each year efforts are made to promote the Greek Economy and business community to the international Media. About Athens Exchange Group The Athens Stock Exchange since its establishment in 1876, consistently participate in the financial and business developments in the country. Athens Exchange Group (ATHEX Group), provides support to the Greek Capital Market. ATHEX Group operates the organized Equities and Derivatves markets, the alternative market and performs clearing and settlement of trades. The Athens Stock Exchange, through its markets, offers solutions and financing tools to businesses, expands investor choice by providing a safe, stable and easy environment in full alignment with international practices and the European regulatory framework. It has held the ISO 22301:2012 international standard for Business Continuity, for all its companies, including all its operations as well as the products & services it provides. In a period that the role of stock markets in exploring alternative ways of financing business, at a European level, is significantly enhanced, the Athens Exchange Group has taken a series of initiatives to highlight the attractiveness of the Greek Capital Market and the Greek companies to the international investment community and expand the variety of investment opportunities. Its shares are traded on the Main Market of the Athens Stock Exchange (Symbol: EXAE). 6
7 110 Athinon Avenue, Athens, T , F , 7
GREECE MONTHLY OUTLOOK FINANCIAL ADVISORS INVESTMENT RESEARCH CORPORATE FINANCE 02 NOVEMBER 2016
GREECE MONTHLY OUTLOOK 02 NOVEMBER 2016 FINANCIAL ADVISORS INVESTMENT RESEARCH CORPORATE FINANCE ΜONTHLY OUTLOOK MACROECONOMIC LANDSCAPE Macro dynamics remain negative as leading indicators still point
More informationThe Case for Greece UCITS OFFER NO GUARANTEED RETURN AND PAST PERFORMANCE DOES NOT GUARANTEE THE FUTURE ONE 1 / 40
The Case for Greece UCITS OFFER NO GUARANTEED RETURN AND PAST PERFORMANCE DOES NOT GUARANTEE THE FUTURE ONE 1 / 40 Greek Third Program: The End 2 / 40 Greek Third Program After almost a decade and three
More informationmonthly statistics bulletin 2014 JANUARY
monthly statistics bulletin 2014 JANUARY 125 DISCLAIMER Athens Exchange (ATHEX) makes all efforts to keep all published information updated and accurate. The information is to be seen as general and it
More informationFrom the Irish Model to the Lisbon Strategy: The Greek Path to Competitiveness
From the Irish Model to the Lisbon Strategy: The Greek Path to Competitiveness Professor Helen Louri Athens University of Economics and Business Director, Prime Minister s Economic Office November 2005
More informationEconomic Developments in Greece
March 2018 Economic Developments in Greece January December 2017* The Greek economy is entering a new era Greece has returned to growth in the course of 2017 signaling a turning point for its economy.
More informationGeorge Linatsas Group Managing Director Axia Ventures Group
Investment Opportunities For Foreign Investors In The Greek Stock Market George Linatsas Group Managing Director Axia Ventures Group December 2, 2010 The Athens Exchange General Index has reached multi-year
More informationHow Europe is Overcoming the Euro Crisis?
How Europe is Overcoming the Euro Crisis? Klaus Regling, Managing Director, ESM University of Latvia, Riga 3 March 2014 Eight reasons for the sovereign debt crisis 1. Member States did not fully accept
More informationIt s my great pleasure to be here with you today, to address the annual. Athens Exchange Conference, before such a select and demanding
Good morning ladies and gentlemen, It s my great pleasure to be here with you today, to address the annual Athens Exchange Conference, before such a select and demanding audience, as well as distinguished
More informationTHE GREEK ECONOMY: RECENT ECONOMIC DEVELOPMENTS
HELLENIC REPUBLIC MINISTRY OF FINANCE GENERAL SECRETARIAT OF ECONOMIC POLICY GENERAL DIRECTORATE FOR ECONOMIC POLICY Athens, August 2017 Briefing Note THE GREEK ECONOMY: RECENT ECONOMIC DEVELOPMENTS OVERVIEW
More informationA Decade-Long Economic Crisis: Cyprus vs. Greece
A Decade-Long Economic Crisis: Cyprus vs. Greece Gikas Hardouvelis Professor of Finance & Economics University of Piraeus LSE SU Hellenic and Cypriot Societies Forum London, March 18, 17 TABLE OF CONTENTS
More informationOvercoming the crisis
Overcoming the crisis Klaus Regling, Managing Director, ESM The Economist Conference: The Big Rethink for Europe The Big Turning Point for Greece Athens, 9 July 2014 EFSF/ESM and Greece: partnership and
More informationECONOMIC DEVELOPMENT FOUNDATION IKV BRIEF 2010 THE DEBT CRISIS IN GREECE AND THE EURO ZONE
ECONOMIC DEVELOPMENT FOUNDATION IKV BRIEF 2010 April 2010 Prepared by: Sema Gençay ÇAPANOĞLU (scapanoglu@ikv.org.tr) THE DEBT CRISIS IN GREECE AND THE EURO ZONE Greece is struggling with the most serious
More informationInternational Monetary and Financial Committee
International Monetary and Financial Committee Thirty-Eighth Meeting October 12 13, 2018 Statement No. 38-4 Statement by Mr. Moscovici European Commission Statement of Vice President Valdis Dombrovskis
More informationEuro Summit. Brussels, 12 July 2015 SN 4070/15 EUROSUMMIT. Euro Summit Statement
Euro Summit Brussels, 12 July 2015 SN 4070/15 EUROSUMMIT Subject: Euro Summit Statement Brussels, 12 July 2015 The Euro Summit stresses the crucial need to rebuild trust with the Greek authorities as a
More informationHELLENIC EXCHANGES ATHENS STOCK EXCHANGE S.A. INTERIM NINE MONTH FINANCIAL STATEMENTS
HELLENIC EXCHANGES ATHENS STOCK EXCHANGE S.A. INTERIM NINE MONTH FINANCIAL STATEMENTS For the period 1 January 2017 30 September 2017 In accordance with the International Financial Reporting Standards
More informationTHE GREEK BANKING SYSTEM
THE GREEK BANKING SYSTEM During the past two decades, the Greek banking and financial system has undergone momentous transformations, amounting to what the Financial Times once characterized as no less
More informationFirst Half 2018 Profit After Tax at Euro 12.3 million
First Half 2018 Profit After Tax at Euro 12.3 million Main Highlights - Sector leading capital position with Common Equity Tier 1 ratio (CET 1) at 18.5%; Tangible Book Value at Euro 7.8 billion. - Continued
More informationInternational Monetary and Financial Committee
International Monetary and Financial Committee Thirty-Sixth Meeting October 14, 2017 IMFC Statement by Toomas Tõniste Chairman EU Council of Economic and Finance Ministers Statement by Minister of Finance,
More informationGREECE: CLEAN EXIT, FOR WHOM?
Policy Brief April 3, 2018 GREECE: CLEAN EXIT, FOR WHOM? Lorenzo Codogno There seems to be a strong convergence of interests between the Greek government, the European Commission and Eurozone Member States
More informationQuarterly Reports Attached a. A Percentage Of Mutual Fund Assets, and b. Table of mutual Fund Investment, at the end of the second quarter of 2018.
0180/00024366/en Half-Yearly Financial Report GMM Global Money Managers Ltd Hellas-Cyprus Recovery Fund Quarterly Reports Attached a. A Percentage Of Mutual Fund Assets, and b. Table of mutual Fund Investment,
More information3K MUTUAL FUNDS SEMI ANNUAL REPORT 2015 UCITS DO NOT HAVE GUARANTEED PERFORMANCE AND PAST RETURNS DO NOT ENSURE FUTURE ONES
3K MUTUAL FUNDS SEMI ANNUAL REPORT 2015 2 3 CONTENTS COMPANY DETAILS 3 3K DOMESTIC EQUITY FUND 7 3K GREEK VALUE DOMESTIC EQUITY FUND 13 3K BALANCED FUND 18 3K EUROPEAN SHORT-TERM MONEY MARKET FUND 24 4
More informationPreliminary Financial Results of Alpha Bank Cyprus Ltd for the year 2015 [ ]
Preliminary Financial Results of Alpha Bank Cyprus Ltd for the year 2015 [29.2.2016] Main Highlights - Strong Capital Base with Common Equity Tier 1 ratio at 17.5% on 31.12.2015 - After tax losses of Euro44.7
More informationInternational Monetary and Financial Committee
International Monetary and Financial Committee Twenty-Eighth Meeting October 12, 2013 Statement by Olli Rehn, Vice-President, European Commission On behalf of the European Commission Statement by Vice-President
More informationEdexcel (B) Economics A-level
Edexcel (B) Economics A-level Theme 3: The Global Economy 3.1 Globalisation 3.1.5 Exchange rate changes Notes Impact of changes in exchange rates and the possible effects on: A reduction in the exchange
More informationIs the Euro Crisis Over?
Is the Euro Crisis Over? Klaus Regling, Managing Director, ESM Institute of International and European Affairs, Dublin 17 January 2014 Europe reacts to the euro crisis at national and EU level A comprehensive
More informationGREEK ECONOMIC OUTLOOK
CENTRE OF PLANNING AND ECONOMIC RESEARCH Issue 27, June 2015 GREEK ECONOMIC OUTLOOK Macroeconomic analysis and projections Public finance Human resources and social policies Development policies and sectors
More informationReal 2017 Q Q Q1 Jan Sep QoQ YoY QoQ YoY QoQ YoY YoY GDP Cp
ISSN: 1791 35 35 December 8, 2017 Dr. Stylianos G. Gogos Economic Analyst sgogos@eurobank.gr Greek Real GDP +0.3 QoQ% / +1.3 YoY% in 2017Q3 Growth remains on a positive territory for a third quarter in
More informationBOARDS OF GOVERNORS 2003 ANNUAL MEETINGS DUBAI, UNITED ARAB EMIRATES
BOARDS OF GOVERNORS 2003 ANNUAL MEETINGS DUBAI, UNITED ARAB EMIRATES WORLD BANK GROUP INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL FINANCE CORPORATION INTERNATIONAL DEVELOPMENT ASSOCIATION
More informationANNUAL FINANCIAL REPORT
HELLENIC EXCHANGES-ATHENS STOCK EXCHANGE S.A. (ATHEX) ANNUAL FINANCIAL REPORT For the period 1 January 2015 31 December 2015 In accordance with the International Financial Reporting Standards ATHENS EXCHANGE
More informationYannis Stournaras: The future of the Greek economy
Yannis Stournaras: The future of the Greek economy Speech by Mr Yannis Stournaras, Governor of the Bank of Greece, at an event organized by the Hellenic Spanish Chamber of Commerce, Athens, 12 February
More informationA Closer Look to External Trade: Greece's Export Performance. Economic Research & Investment Strategy
A Closer Look to External Trade: Greece's Export Performance Ilias Lekkos Artemis Leventakis Lekkosi@piraeusbank.gr Leventakisar@piraeusbank.gr Economic Research & Investment Strategy December 2016 Greece's
More informationFirst Quarter 2018 Profit after Tax at Euro 65.2 million
First Quarter 2018 Profit after Tax at Euro 65.2 million Main Highlights - Strong capital position with Common Equity Tier 1 ratio (CET 1) at 18.3%; Tangible Book Value the highest among Greek banks at
More informationMarket Comment & Macro. Company News. Please read important information on the last two pages. Page 1 of 3 09/10/2008
Equity Research Greece 3,400 3,300 3,200 3,100 3,000 03/09 General Index - Trading Value 04/09 05/09 08/09 09/09 09/10/2008 300 200 100 Last Closing T-1 (ch%) YTD (ch%) Athens Stock Exchange - Main Market
More informationEUROGROUP MEETING FEBRUARY 11, 2015 BRUSSELS NON-PAPER FROM THE GREEK GOVERNMENT
EUROGROUP MEETING FEBRUARY 11, 2015 BRUSSELS NON-PAPER FROM THE GREEK GOVERNMENT On January 25th, Greek citizens sent an unequivocal signal of change and endorsement of the new social contract for political
More informationRegling: Greece has to repay that loan in full. That is our expectation, nothing has changed in that regard.
Handelsblatt, 6 March 2015 Greece needs to repay its loan in full Handelsblatt: Mr. Regling, the euro rescue fund EFSF has lent around 142 billion to Greece and is thus by far Greece s largest creditor.
More informationANNOUNCEMENT INVITATION TO INVESTORS
ANNOUNCEMENT INVITATION TO INVESTORS REGARDING THE PUBLIC OFFER IN GREECE BY WAY OF PAYMENT IN CASH AND THE ADMISSION FOR TRADING IN THE CATEGORY OF FIXED INCOME SECURITIES OF THE REGULATED MARKET OF THE
More informationSvante Öberg: The economic situation
Svante Öberg: The economic situation Speech by Mr Svante Öberg, First Deputy Governor of the Sveriges Riksbank, to the Västerbotten Chamber of Commerce, Umeå, 5 August. * * * My message today can be summarised
More informationPrevious measures adopted by the Hellenic Capital Market Commission (HCMC)
Date: 07 December 2015 ESMA/2015/1854 OPINION Emergency measure by the Greek HCMC under Section 1 of Chapter V of Regulation (EU) No 236/2012 on short selling and certain aspects of credit default swaps
More informationIrish Economy and Growth Legal Framework for Growth and Jobs High Level Workshop, Sofia
Irish Economy and Growth Legal Framework for Growth and Jobs High Level Workshop, Sofia Diarmaid Smyth, Central Bank of Ireland 18 June 2015 Agenda 1 Background to Irish economic performance 2 Economic
More informationGreece: macroeconomic trends and business environment
ΙΔΡΥΜΑ ΟΙΚΟΝΟΜΙΚΩΝ & ΒΙΟΜΗΧΑΝΙΚΩΝ ΕΡΕΥΝΩΝ FOUNDATION FOR ECONOMIC & INDUSTRIAL RESEARCH 1 Τσάμη Καρατάσου 11, 117 42 Αθήνα, Tηλ.: 21 92 11 2-1, Fax: 21 92 33 977, www.iobe.gr 11 Tsami Karatassou, 117 42
More informationFourth Quarter 2014 Financial Results
Fourth Quarter 2014 Financial Results Core pre-provision income up by 9.8% in the fourth quarter and 48.8% in 2014. 90dpd loans coverage ratio expanded by 270 basis points to 56.3%. 90dpd formation maintained
More informationThe effects of economic crisis on Greek entrepreneurship
Εθνική Τράπεζα The effects of economic crisis on Greek entrepreneurship February 2018 Jessie Voumvaki Senior Economist, Head of the Entrepreneurship and Business Analysis Division 0 Entrepreneurs that
More informationEXECUTIVE BOARD MEETING ON GREECE FIRST AND SECOND REVIEWS UNDER THE EFF JANUARY 16, 2013 STATEMENT BY MR. THANOS CATSAMBAS
EXECUTIVE BOARD MEETING ON GREECE FIRST AND SECOND REVIEWS UNDER THE EFF JANUARY 16, 2013 STATEMENT BY MR. THANOS CATSAMBAS Following a prolonged pre-election period and two general election rounds, a
More informationThe Deloitte CFO Survey Political risk and corporate expansion
The Deloitte CFO Survey Political risk and corporate expansion Political risk has eclipsed worries about the economy as a concern for the Chief Financial Officers of the UK s largest companies. CFOs rank
More informationOTE PLC (incorporated with limited liability in England and Wales) HELLENIC TELECOMMUNICATIONS ORGANIZATION S.A.
Base Prospectus Supplement to the Base Prospectus dated 28 April 2015 OTE PLC (incorporated with limited liability in England and Wales) GUARANTEED BY HELLENIC TELECOMMUNICATIONS ORGANIZATION S.A. (incorporated
More informationThe Greek economy comes out of recession much more gradually than anticipated, while structural weaknesses inhibit growth.
ISSUE 23 15 May 2017 INDEX Main indicators 3 Economic climate 4 Employment, prices, wages 5 Industry, trade, services 6 Exports, tourism 7 European Commission s spring forecasts for Greece (European Commission,
More informationANNUAL FINANCIAL REPORT
ANNUAL FINANCIAL REPORT For the fiscal year from January 1 st 2013 to December 31 st 2013 In accordance with the International Financial Reporting Standards and article 4 of Law 3556/2007 Hellenic Exchanges
More informationEurope s Response to the Sovereign Debt Crisis. Klaus Regling, CEO of EFSF 40 th Economics Conference OeNB Vienna, 10 May 2012
Europe s Response to the Sovereign Debt Crisis Klaus Regling, CEO of EFSF 40 th Economics Conference OeNB Vienna, 10 May 2012 Eight reasons for sovereign debt crisis Member States did not fully accept
More informationGreece Macroeconomic outlook & prospects
Greece Macroeconomic outlook & prospects Dr. Platon Monokroussos Group Chief Economist of Eurobank & Chairman of the Scientific Council of the Hellenic Bank Association 2013 Q1 2013 Q2 2013 Q3 2013 Q4
More informationGroup Financial Results for the year ended 31 December 2012
Announcement Group Financial Results for the year ended 31 December 2012 Income statement highlights o Loss after tax 2.214 mn ( 1.359 mn for the year 2011) o Profit before impairments and restructuring
More informationEurozone. EY Eurozone Forecast June 2014
Eurozone EY Eurozone Forecast June 2014 Austria Belgium Cyprus Estonia Finland France Germany Greece Ireland Italy Latvia Luxembourg Malta Netherlands Portugal Slovakia Slovenia Spain Outlook for Malta
More informationThe Spanish economy: situation and outlook XIV Día de los Economistas 2015/Colegio de Economistas de las Islas Baleares
30.11.2015 The Spanish economy: situation and outlook XIV Día de los Economistas 2015/Colegio de Economistas de las Islas Baleares Luis M. Linde Governor of the Banco de España Let me first thank Mr Onofre
More informationInvestment Development Authority of Lebanon Arab Spanish Investment Forum 2011
Investment Development Authority of Lebanon Arab Spanish Investment Forum 2011 Wednesday October 26 th Headlines 1. ABOUT LEBANON 2. CURRENT TRENDS IN SPANISH LEBANESE TRADE 3. SPANISH COMPANIES AND LEBANON
More informationGreece s external sector adjustment gains momentum; fullyear current account deficit seen at 4.5%-of-GDP or lower
Greece s external sector adjustment gains momentum; fullyear current account deficit seen at 4.5%-of-GDP or lower Platon Monokroussos Assistant General Manager Head of Financial Markets Research pmonokrousos@eurobank.gr
More informationFirst Quarter 2017 Financial Results
First Quarter 2017 Financial Results Net profit at 37m in 1Q2017, of which 29m from international operations Core pre-provision income up 9.6% y-o-y Second quarter of negative NPE formation (- 72m) NPEs
More informationThe Greek Economy: Implementing a new Model of Growth
The Greek Economy: Implementing a new Model of Growth Professor Plutarchos Sakellaris Chairman, Council of Economic Advisers Hellenic Republic November 2006 1 Presentation Overview HELLENIC REPUBLIC Greece
More informationANNOUNCEMENT INVITATION TO INVESTORS
ANNOUNCEMENT INVITATION TO INVESTORS REGARDING THE PUBLIC OFFER IN GREECE BY WAY OF PAYMENT IN CASH AND THE ADMISSION FOR TRADING IN THE CATEGORY OF FIXED INCOME SECURITIES OF THE REGULATED MARKET OF THE
More informationDanske Markets Nordic Bank and Insurance Seminar. Peter Straarup
Danske Markets Nordic Bank and Insurance Seminar Growth opportunities and challenges under a new regulatory regime Peter Straarup CEO and Chairman of the Executive Board, Danske Bank June 3, 2010 SPEECH
More informationPOLICY JUNE 2014 MONETARY POLICY ISSN: BANK OF GREECE EUROSYSTEM CYAN MAGENTA YELLOW BLACK
JUNE 2014 M O N E TA R Y POLICY ISSN: 1108-2690 CYAN MAGENTA YELLOW BLACK BANK OF GREECE EUROSYSTEM MONETARY POLICY 2013-2014 2013-2014 JUNE 2014 BANK OF GREECE 21, E. Venizelos Avenue GR-102 50 Athens
More informationMANAGING GREEK INDEBTEDNESS: How Greece can regain fiscal credibility and avoid the recessionary debt-trap
MANAGING GREEK INDEBTEDNESS: How Greece can regain fiscal credibility and avoid the recessionary debt-trap Nicos Christodoulakis Athens University of Economics and Business Public Financial Management
More informationEurozone. EY Eurozone Forecast March 2015
Eurozone EY Eurozone Forecast March 2015 Austria Belgium Cyprus Estonia Finland France Germany Greece Ireland Italy Latvia Lithuania Luxembourg Malta Netherlands Portugal Slovakia Slovenia Spain Outlook
More informationGreek Parliamentary Budget Office Public Financial Management financial transparency and accountability
Greek Parliamentary Budget Office Public Financial Management financial transparency and accountability Athens, 9 July 2018 European Public Sector Accounting Standards Alexandre Makaronidis Head of Unit
More informationSUMMARY OF MACROECONOMIC DEVELOPMENTS
SUMMARY OF MACROECONOMIC DEVELOPMENTS FEBRUARY 2018 2 Summary of macroeconomic developments, February 2018 Forecasts for global economic developments over the medium term are optimistic. In its January
More informationGreece and the euro area adjustment programmes Speech Hellenic Bank Association Klaus Regling, Managing Director ESM Athens, 12 June 2018
Greece and the euro area adjustment programmes Speech Hellenic Bank Association Klaus Regling, Managing Director ESM Athens, 12 June 2018 (Please check against delivery) Ladies and gentlemen, Let me join
More informationDiscussion of Marcel Fratzscher s book Die Deutschland-Illusion
Discussion of Marcel Fratzscher s book Die Deutschland-Illusion Klaus Regling, ESM Managing Director Brussels, 30 September 2014 (Please check this statement against delivery) The euro area suffers from
More informationCOUNTRY REPORT GREECE 2008
COUNTRY REPORT GREECE 2008 1. Economic and Financial Background Population (million) GDP (EUR billion) Real GDP growth (%) Inflation rate (%) Unemployment rate (%) Stock market capitalisation (EUR billion)
More informationQuarterly Report for the Greek Economy
Quarterly Report for the Greek Economy 3-2016 October 11 th, 2016 This presentation is supported by Various developments in the current period Positive developments: international tourism, low energy prices,
More informationPricing for Protection Can Margin Expansion Offset Credit Risk
Pricing for Protection Can Margin Expansion Offset Credit Risk Mr. Marinos Yannopoulos, General Manager and Board Member GOLDMAN SACHS EUROPEAN FINANCIALS CONFERENCE FRANKFURT 4 June 2009 A strong franchise
More informationŠárka Prudká. The University of Economics, Prague, Faculty of Economics and Public Administration, Department of Regional Studies, Czech Republic
ACTIVE EMPLOYMENT POLICY IN THE CZECH REPUBLIC, WITH PARTICULAR ATTENTION TO ESTABLISHING OF THE SO-CALLED EMPLOYMENT PACT IN THE STRUCTURALLY AFFECTED MORAVIAN-SILESIAN REGION Šárka Prudká The University
More informationChanging behaviors to secure sustainable development
TOURISM Changing behaviors to secure sustainable development Med Academy 'Project Appraisal: How to promote sustainable investments in the Mediterranean 31 May 1 June 2011, Casablanca/Morocco 0 Agenda
More information34 th Associates Meeting - Andorra, 25 May Item 5: Evolution of economic governance in the EU
34 th Associates Meeting - Andorra, 25 May 2012 - Item 5: Evolution of economic governance in the EU Plan of the Presentation 1. Fiscal and economic coordination: how did it start? 2. Did it work? 3. Five
More informationEuro, sovereign debt, liquidity and other issues: questions and answers from BNP Paribas
Euro, sovereign debt, liquidity and other issues: questions and answers from BNP Paribas After being asked a number of questions about the bank and the Eurozone, we have decided to publish the answers
More informationOPINION. I. Legal basis. Background
Date: 09 November 2015 ESMA/2015/1638 OPINION Emergency measure by the Greek HCMC under Section 1 of Chapter V of Regulation (EU) No 236/2012 on short selling and certain aspects of credit default swaps
More informationSpain s economic recovery gains speed, but the external balance worsens
Spain s economic recovery gains speed, but the external balance worsens Ángel Laborda and María Jesús Fernández 1 Correction of imbalances, together with structural reform and exogenous factors, supports
More informationSpring Forecast: slowly recovering from a protracted recession
EUROPEAN COMMISSION Olli REHN Vice-President of the European Commission and member of the Commission responsible for Economic and Monetary Affairs and the Euro Spring Forecast: slowly recovering from a
More informationThe Economic Situation of the European Union and the Outlook for
The Economic Situation of the European Union and the Outlook for 2001-2002 A Report by the EUROFRAME group of Research Institutes for the European Parliament The Institutes involved are Wifo in Austria,
More informationInternational Monetary and Financial Committee
International Monetary and Financial Committee Thirty-Seventh Meeting April 20 21, 2018 Statement No. 37-33 Statement by Mr. Goranov EU Council of Economic and Finance Ministers Brussels, 12 April 2018
More informationConclusion of EFSF financial assistance programme for Portugal: an overview. 18 May 2014
Conclusion of EFSF financial assistance programme for Portugal: an overview 18 May 2014 Portugal s clean exit results from adequate crisis response Three years of sound policies and international support
More informationTHE SPANISH ECONOMY: FACTS THAT CANNOT BE OVERLOOKED
THE SPANISH ECONOMY: FACTS THAT CANNOT BE OVERLOOKED Luis de Guindos Minister of Economy and Competitiveness 6 September 2012 Accumulated Imbalances of the Spanish Economy 1. Private sector indebtedness
More informationIS A DEBT TARGET FOR THE EMU FEASIBLE?
IS A DEBT TARGET FOR THE EMU FEASIBLE? Paolo Canofari, Piero Esposito SEP Policy Brief No. 12 26 February 2014 Introduction The newly elected government led by Alexis Tsipras is challenging the European
More informationFINANCIAL STABILITY SOVEREIGN DEBT ECONOMIC GROWTH
The European sovereign debt crisis and the future of the euro Peter Bekx European Commission i Tokyo, 30 November 2012 1 A Vicious circle FINANCIAL STABILITY SOVEREIGN DEBT ECONOMIC GROWTH 2 Breaking the
More informationSoutheast Europe is growing economically and the gas market is expected to grow by bcm by 2025 (60%-80% increase)
PUBLIC GAS CORPORATION (DEPA) S.A. Business Opportunities with DEPA December er 2010 Harry Sachinis, Chairman & CEO, DEPA S.A. Business Opportunities with DEPA Southeast Europe is growing economically
More informationOverview. Origins. EU Austerity Economic Causes Economic Consequences 04/03/ Single European Act Neo-liberal Assumptions National Objectives
EU Austerity Economic Causes Economic Consequences IER Conference 9 March 2016 Overview CAUSES the neo-liberal assumptions of the 1986 Single Europe Act and subsequent treaties the contradictions between
More informationEurozone job crisis:
UNDER EMBARGO UNTIL 22:01 GMT TUESDAY 10 JULY 2012 Eurozone job crisis: Trends and policy responses Executive Summary INTERNATIONAL LABOUR ORGANIZATION INTERNATIONAL INSTITUTE FOR LABOUR STUDIES Executive
More informationGreece Through The Crisis: Taking Stock and Looking Ahead. The Economist 16th Roundtable with the Government of Greece Athens, July 3, 2012
Greece Through The Crisis: Taking Stock and Looking Ahead The Economist 16th Roundtable with the Government of Greece Athens, July 3, 2012 Key points Greece has come a long way in the past two years mainly
More information1. Sustainable public finances and structural reforms for growth
Over the last three years, we have taken unprecedented steps to combat the effects of the world-wide financial crisis, both in the European Union as such and within the euro area. The strategy we have
More informationATHENS EXCHANGE SA ANNUAL FINANCIAL STATEMENTS 2009
ATHENS EXCHANGE SA ANNUAL FINANCIAL STATEMENTS 2009 The 2009 Annual Financial Statements have been prepared per article 4 of Law3556/2007, and have been approved by the BoD of Athens Stock Exchange SA
More informationFull Year 2017 Profit after Tax 1 at Euro 89.5 million
Full Year 2017 Profit after Tax 1 at Euro 89.5 million Main Highlights - Strong capital position with Common Equity Tier 1 ratio (CET 1) at 18.3%; Tangible Book Value at Euro 9.2 billion, the highest among
More informationGREEK ECONOMIC OUTLOOK
CENTRE OF PLANNING AND ECONOMIC RESEARCH Issue 26, February 215 GREEK ECONOMIC OUTLOOK Macroeconomic analysis and projections Public finance Human resources and social policies Development policies and
More informationECONOMIC OUTLOOK UNIVERSITY OF CYPRUS ECONOMICS RESEARCH CENTRE. October Issue 15/4
SUMMARY UNIVERSITY OF CYPRUS ISSN 1986-1001 The recovery of economic activity in Cyprus is forecasted to continue in the following quarters. Real GDP growth for 2015 is projected at 1.3%. Real output is
More informationEuropean Semester Country Report for Greece
European Semester Country Report for Greece European commission IOBE conference: Integrating Greece into the European Semester Policy Framework: Priorities for sustainable growth and competitiveness Wednesday,
More informationINTERIM 9M FINANCIAL STATEMENTS
HELLENIC EXCHANGES-ATHENS STOCK EXCHANGE S.A. (ATHEX) INTERIM 9M FINANCIAL STATEMENTS For the period 1 January 2016 30 September 2016 In accordance with the International Financial Reporting Standards
More informationWHAT INVESTMENT RETURNS CAN WE EXPECT THE ECONOMY TO SUPPORT IN THE LONG-TERM?
WHAT INVESTMENT RETURNS CAN WE EXPECT THE ECONOMY TO SUPPORT IN THE LONG-TERM? Jean-Pierre Aubry, Associate Fellow, CIRANO Annual conference of the Canadian Economic Association HEC, Montréal, May 30th
More informationSuccessful Delivery in a De-levering Environment
Successful Delivery in a De-levering Environment Marinos S. Yannopoulos Board member, CFO CHEUVREUX European Spring Large Cap Conference, Paris May 2008 1 Table of Contents Contents Pages I II III IV Alpha
More information17 FAQs regarding Cyprus' bail-out/bail-in
17 FAQs regarding Cyprus' bail-out/bail-in 1. How big is Cyprus? Cyprus is an island in the Mediterranean see, located north of Israel and south of Turkey. Its size is around 9,250 square kilometres. It
More informationImpact of the Great Recession and the Role of Assistance Programmes in EMU Countries
UNIVERSIDADE DE TRÁS-OS-MONTES E ALTO DOURO Impact of the Great Recession and the Role of Assistance Programmes in EMU Countries Leonida Correia and Patrícia Martins Centre for Transdisciplinary Development
More informationORDINARY GENERAL MEETING OF THE SHAREHOLDERS OF ALPHA BANK OF JUNE 30, 2016
ORDINARY GENERAL MEETING OF THE SHAREHOLDERS OF ALPHA BANK OF JUNE 30, 2016 At the Ordinary General Meeting of the Shareholders of Alpha Bank, which took place on Thursday, June 30, 2016, the Chairman
More informationATHEX A Crucial Player in the Development of the Greek Economy
ATHEX A Crucial Player in the Development of the Greek Economy December 2011 Socrates G. Lazaridis CONTENTS THE GREEK CAPITAL MARKETS ATHEX INITIATIVES GREECE A COUNTRY OF OPPORTUNITIES ATHEX A PLATFORM
More informationNovember 12, Paraskevi Petropoulou G10 Markets Analyst
November 9 th Eurogroup gives Greece a week to accomplish pending prior actions; dissociates bank recapitalization from completion of 1 st programme review This note analyses briefly the outcome of the
More informationEuro Summit Statement (26 October 2011)
Euro Summit Statement (26 October 2011) Caption: At their meeting on 26 October 2011 in Brussels, the Heads of State or Government of the Member States of the euro zone manage, after tough negotiations,
More information