Govt orders state entities to transfer cash reserves to central bank by March 1

29 January 2019
615 Views

With the Greek state’s latest foray into money markets for its post-bailout borrowing needs, a decision by the finance ministry was published on Monday ordering all state entities to transfer their reserves to a special account at the Bank of Greece (BoG).

The move essentially aims to boost a more than 25-billion-euro “cash cushion” accumulated by the Greek state – from unused bailout loans extended by institutional creditors from the third memorandum – to more than 40 billion euros.

General government entities – organizations, agencies, utilities etc – are given 30 days to transfer their reserves, based on a decision published in the government gazette, signed by Alternate Finance Minister Giorgos Chouliarakis.

You may be interested

Two Greek islands in best-hidden of the Mediterranean: Telegraph
GREECE
shares40 views
GREECE
shares40 views

Two Greek islands in best-hidden of the Mediterranean: Telegraph

Panos - Jun 18, 2021

British media outlet Telegraph included the Greek islands of Karpathos and Alonissos in its top 20 holiday destinations in the…

Coronavirus Greece: 519 new cases, 321 intubated, 16 deaths
GREECE
shares44 views
GREECE
shares44 views

Coronavirus Greece: 519 new cases, 321 intubated, 16 deaths

Panos - Jun 18, 2021

Greece announced that the new laboratory-confirmed cases of coronavirus recorded in the last 24 hours are 519, of which 2…

Greece: Caroline was murdered by her husband!
GREECE
shares29 views
GREECE
shares29 views

Greece: Caroline was murdered by her husband!

Panos - Jun 18, 2021

Charalambos Anagnostopoulos, the husband of 20-year-old Caroline Krauts, is according to the information available to the police her killer. The…

Leave a Comment

Your email address will not be published.