marina at Pylos in the southwestern Peloponnese has been postponed another four months. State sell-off fund TAIPED announced that the submission date for binding offers, which had been last Monday, has been changed to July 13, 2017. It is the second time TAIPED has extended this tender, and this is the fund’s second tender for this privatization, following an initial one in 2013, which was canceled. The second tender was launched last fall with a January 12 deadline, and now it appears the bids will not be submitted until six months after that date. There is strong interest in Pylos marina as Kalamata, the main city in the area, and the Peloponnese in general are drawing increasing numbers of visitors, and the owner of the Costa Navarino luxury resort is among the main suitors. Greece’s banking system contracted 1.4 percent year-on-year in January after shrinking by 1.0 percent in the previous month, Bank of Greece data showed yesterday. Credit extended to the government rose 0.1 percent after a 1.4 percent increase in December, the central bank said. Lending to businesses and households declined 1.6 percent after a 1.4 percent drop in December.
Greece sold 1.3 billion euros of three-month treasury bills to refinance a maturing issue, the country’s debt agency PDMA said yesterday. The threemonth paper was sold at a yield of 2.70 percent, unchanged from a previous sale earlier this month. The amount raised included 300 million euros in non-competitive bids. The sale’s bid-to-cover ratio was 1.30, unchanged from the previous auction on March 8. The settlement date of the new bills is tomorrow.