Financial capital
Listings and bond issues are soaring
Greece's investment grade recovery, expected to reduce borrowing costs for businesses while opening the door to a larger investor audience, combined with the start of the ECB's rate-cutting cycle, is accelerating activity for listed companies, supporting new issues of corporate bonds and fresh listings on the Athens Stock Exchange.
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World Bank loan to help boost Serbian capital markets
WASHINGTON - The World Bank Board of Executive Directors approved on Friday a 27.7 mln euro loan to support Serbia in its effort to deepen and further develop its capital markets with a Catalysing Long Term Finance Through Capital Markets Project.
Enticing investors to enter capital market in focus of conference
Bled – The VZMD Slovenian association of small shareholders and Better Finance will organise an investment conference on Monday to discuss ways of encouraging small shareholders to invest more in the capital market. Around 100 representatives of decision-makers, regulators and shareholders are expected to attend.
Laconic Food is absorbed by Creta Farm Foods – The whole merger plan
In order to develop into a strong company with an expanded product portfolio, Creta Farm Foods has absorbed Laconic Foods.
According to the draft absorption merger agreement, published yesterday, the valuation of the contributed net position of Laconic Foods, as estimated by the certified public accountants IG AUDIT amounts to 4.42 million euros.
Senate repeals ban on alienation of state-owned shares in national companies and societies
The Senate adopted, on Monday, the draft law initiated by the Government to amend Law no.
Optimism for power grid privatization
The government and Public Power Corporation have high hopes for the revenues from the sale of a 49% stake in the Hellenic Electricity Distribution Network Operator (DEDDIE), launched by PPC in a tender last Tuesday.
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PM Orban says Gov't is drafting state aid scheme aimed at guaranteeing factoring, leasing to purchase equipment
Prime Minister Ludovic Orban said that the Government is currently drafting several state aid schemes aimed at guaranteeing factoring, leasing for the purchase of equipment and guaranteeing the discount of payment instruments. "We are in the process of drafting several state aid schemes.
Banks want deferred tax asset leeway
Banks are asking for the law concerning deferred tax assets to be extended for two years in a bid to earn time to manage the consequences of the economic crisis stemming from the coronavirus pandemic.
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ADMIE wants power rate hike
In the next few days the Independent Power Transmission Operator (ADMIE) is expected to submit a demand to the Energy Ministry and the Regulatory Authority for Energy (RAE) for the extraordinary revision of the weighted average cost of capital (WACC) - which will mean power rate hikes for consumers - after realizing that the reduction of corporate tax from 29 to 24 percent will have an impact o
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Wind Hellas bonds could be used for dividend payments
A growing number of private equity firms are taking advantage of Europe's buoyant bond market to extract money from companies they hold by loading them with debt, prompting some investors to warn the fixed income rally is nearing its peak.