Market liquidity

In just seven hours, as many as 10,000 companies applied for low-interest loans that are guaranteed by the state through the Guarantee Fund, exhausting the amount available at this initial stage of the process, Development Minister Adonis Georgiadis announced on Thursday.

On Wednesday, June 3, Greece's Public Debt Management Agency will auction 26-week treasury bills in book entry form, which will mature on December 4, 2020.
The amount to be auctioned will be 1 billion euros and the settlement date will be June 5.

The signing of the sale contracts for 350 million euros of Forthnet's loans from the creditor banks to United Group appears to be just a matter of days, banking sources tell Kathimerini.
This is also confirmed by sources at British equity fund BC Partners, which is United's parent group.

Prime Minister Kyriakos Mitsotakis discussed how banks can infuse liquidity into the Greek economy following the coronavirus pandemic at a Tuesday video conference with key ministers, the governor of the Bank of Greece and bank executives.

Turkey is holding talks with central banks about swap agreements, the Turkish Central Bank (TCMB) Governor Murat Uysal said on April 19, as Ankara introduces measures to tackle the economic impact of the coronavirus pandemic.

The International Monetary Fund has approved the creation of a short-term liquidity facility to assist countries in combating the economic impact of the coronavirus pandemic, said IMF Managing Director Kristalina Georgieva.

The outlook for the banking systems of Greece and Cyprus has changed to stable from positive because of economic disruption caused by the coronavirus outbreak, Moody's Investors Service said in reports published on Wednesday.

Hellas Gold recorded its best quarterly production in a year-and-a-half at Halkidiki in central Macedonia in the January-March 2020 period, according to provisional figures released by parent company Eldorado Gold last week.
The Canadian group's subsidiary in Greece produced 15,181 ounces of gold at the Olympiada gold mines, up 53 percent from about 9,900 a year earlier.

Finance Minister Christos Staikouras stated on Tuesday that a market foray in the next couple of months is possible for the Greek state, so as to finance the country's cash needs.

The idea of a joint borrowing tool to help Europe get back on its feet and reboot the economies of its member-states after the devastating impact of the coronavirus pandemic is extremely important.