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Piraeus bank to securitize about 7 bln euros in NPEs this year

Greek lender Piraeus Bank, the country's largest lender by assets, said on Monday it plans to securitize roughly 7 billion euros of non-performing exposures (NPEs) in 2020.

Greek banks have been working to reduce a pile of sour credit of more than 70 billion euros ($77.32 billion), the legacy of a financial crisis that shrank the country's economy by a quarter.

November retail sales up 3.1 pct, led by pharmaceuticals

Greek retail sales by volume rose 3.1 percent in November compared to the same month last year after an upwardly revised 7.2 percent rise in October, statistics service ELSTAT said on Friday.
Retail sales were led higher by pharmaceuticals and cosmetics as well as books and footwear, the data showed.

Greece to auction 375 mln euros of 3-month T-bills on Feb. 5

Greece will sell 375 million euros of three-month treasury bills on February 5 to refinance maturing debt, its debt agency PDMA said on Friday.

The agency rolled over three-month T-bills in January with the paper priced at a negative yield of -0.08 percent, an all-time low.

The settlement date of the new T-bills will be February 7.

Erdogan says Turkey may launch offensive in Syria’s Idlib if attacks don't stop

Turkey may launch a military operation into Syria's northwestern province of Idlib if the situation in the region is not resolved immediately, President Recep Tayyip Erdogan said on Friday, as attacks by Russia-backed Syrian government forces raised concern of a new refugee wave to Turkey.

Huawei says it welcomes EU guidelines on 5G security

Chinese telecoms equipment maker Huawei on Wednesday welcomed the European Union's 5G guidelines that are likely to limit its business in Europe, but which fall short of a US call for a total ban.

"This non-biased and fact-based approach towards 5G security allows Europe to have a more secure and faster 5G network," Huawei said in a statement.

[Reuters]

Folli secures Links of London brand in deal with administrator

Folli Follie has acquired the brand of its UK-based unit Links of London after an agreement with its administrator, the Greek jewellery maker said on Wednesday.

Folli last November reached a preliminary rescue deal with some of its creditors, four months after an audit revealed a one billion euro hole in its 2017 reported revenue.

Erdogan says Russia not abiding by Syria agreements

Turkish President Recep Tayyip Erdogan said that Russia was not abiding by the Sochi or Astana agreements regarding Syria's northwestern Idlib province, broadcaster NTV reported on Wednesday.

Renewed bombardments by Russia-backed Syrian government forces on Idlib have raised concern of a new refugee wave from the area, where some 3 million people live.

Libyan state oil firm was not consulted on maritime deal with Turkey

Libya's state oil firm NOC has not been consulted on a controversial maritime accord Libya's internationally recognised government signed with Turkey, NOC chairman Mustafa Sanalla said on Monday.

The deal, signed last month, seeks to create an exclusive economic zone from Turkey's southern Mediterranean shore to Libya's northeast coast. 

[Reuters]

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