Credit
Turkey’s short-term foreign debt stock at $121.7 bln in June
Turkey's short-term external debt stock totaled at $121.7 billion as of end-June, the country's Central Bank revealed on Aug. 19.
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The amount of debt that must be paid over the next 12 months increased 6.5% compared to the end of last year, the bank said in a statement.
PPC: Opens the book for the bond of 300 million euros
PPC is entering the markets again today, for the second time in four months, seeking to take advantage of the positive investment momentum.
With a bond that also includes a sustainability clause (SLB), the management of the public enterprise aims to raise 300 million euros for the refinancing on more favorable terms of its existing borrowing.
Banks asked to prepare long-term NPL strategy
Banks operating in Turkey have been obliged to submit a new long-term credit strategy plan and establish a separate unit to oversee it, according to a revised banking regulation published in the Official Gazette yesterday.
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BoG Gov: Coronavirus mutations – danger for the economy
According to the Governor of the Bank of Greece, Giannis Stournara, the forecasts for a rapid recovery of the Greek economy from now on are subject to significant risks related to the evolution of the pandemic nationally and globally.
The port of Bar, a part of the territory, maybe even the railway, up for grabs
Montenegrin Minister of Finance Milojko Spaji, in a letter sent to the Chinese Exim Bank, which Pobjeda had an insight into, requested an extension of the availability of credit fund period, a grace period, and a three-year repayment period.
EUR 103 million available for SME liquidity guarantees
Ljubljana – The Slovenian Enterprise Fund has issued a call for bank loan guarantees worth EUR 103 million for micro, small and medium-sized companies. It plans to support around 650 projects.
Under the facility, companies can secure bank loans under favourable conditions and with a subsidised interest rate, the fund said on Friday.
Companies in better shape than expected, some soft spots
Ljubljana – Slovenia has spent billions to help companies weather the coronavirus crisis and keep unemployment low. Business associations say companies are currently in good shape overall, but they highlight pockets of problems, especially among SMEs and in industries that were shut down for a long time.
Interest-free property funding legislation enters into force
Turkey's new regulation governing the interest-free funding market for housing and car sales took effect as it was published in the Official Gazette on March 7.
The Turkish Parliament approved the legislation last week, clearing the way for a possible boom in a system that has already drawn around 300,000 customers keen to avoid sky-high interest rates.
Fitch: Budget balance to convince market
The European Central Bank may be one of the strongest allies of Greece in this crisis, but the anticipated conclusion of the PEPP program is not expected to put Greek bonds at risk, as until then the sustainability of the country's public finances will have improved further, Fitch Ratings analysts told Kathimerini.
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Liquidity in the market is drying up
The number of consumers seeking arrangements for various debts has soared during the pandemic, according to a survey by Wemetrix. Debtors are seeking to settle arrears for the payment of services such as utility bills, as well as to secure favorable payment plans for the acquisition mostly of homeware and domestic appliances.
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