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