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Athens Macedonian News Agency: News in English, 13-03-01

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Greece top foreign investor in FYROM
  • [02] Greek banks, troika discuss recap plan

  • [01] Greece top foreign investor in FYROM

    AMNA -- Greece is among the most significant trade partners of FYROM, along with Germany, Serbia, Bulgaria and Italy, with bilateral trade transactions totaling 991.7 million US dollars in 2012, according to official statistics provided by the country, Greece's Economic and Trade Affairs Bureau in Skopje said in a report.

    The report noted that the country's exports to Greece totaled around 188 million US dollars, while imports totaled 804 million dollars. According to Hellenic Statistical Authority, Greek exports to FYROM -excluding oil- totaled 255.7 million euros in the January-November 2012 period, up 1.14 pct from 2011, while imports totaled 156.4 million euros, up 1.88 pct over the same period, respectively. The value of bilateral trade transactions in the 11-month period totaled 412 million euros, up 1.42 pct from 2011.

    Foreign Direct Investments to FYROM totaled 44.21 million euros in the first nine months of 2012, after reaching 336 million euros in 2011 and 160 million euros in 2010. Greek enterprises disinvested 12.3 million euros during the same period, while Kri-Kri, a Greek dairy company, sold its business unit in FYROM last year. Greece invested a total of 390.48 million euros to FYROM in the 1997-2011 period (10.7 pct of total investments in the country worth 3.65 billion euros), ranking fourth after Holland (744.99 million euros), Austria (416.76 million) and Slovenia (405.66 million euros). However, according to figures from Greek enterprises with established activities in FYROM, the 40 largest enterprises have invested more than 550 million euros in the country, excluding re-investments of earnings.

    [02] Greek banks, troika discuss recap plan

    AMNA -- A troika group of experts are currently meeting with high-ranking officials of the large Greek systemic banks (National Bank, Eurobank, Alpha Bank and Piraeus Bank) seeking an agreement on a bank recapitalisation plan.

    Greek banks are seeking a small time extension for their recapitalisation awaiting a further improvement in market conditions and in order to be better prepared. Banks are focusing their attention on covering a 10 pct participation by private shareholders in their forthcoming share capital increase schemes and on their ability to repaying capital received by the Greek state.


    Athens News Agency: News in English Directory - Previous Article - Next Article
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