We are excited to launch our new product – it will try to address in a non-periodical way…We may have kicked off on a rather negative note but stay tuned…to access this report contact@researchgreece.com

Following a year of intensive negotiations between the Greek-Cypriot leader, Mr. Anastasiades, and the Turkish Cypriot leader, Mr.  Akinci, there seems to be ‘euphoria’ on a solution/settlement of the Cyprus issue. We believe the momentum … For a solution which goes to referendum to become effective … This note touches base on the issues of … In the meantime UN Secretary General Ban Ki-moon is meeting Tsipras tomorrow to discuss on Cyprus; earlier this month the president of Cyprus and Mr. Akinci announced they …to access this report contact@researchgreece.com

Our conclusion is the strong dividend yield is not risk free. OPAP will continue to look like…

We revisit our model; we now assume any fuel related savings to be eaten away by a higher lease… Down goes our target price at E7.7 – due to limited upside potential we downgrade Aegean to DON’T OWN IT.  In 2016 we model ASK +10%, and we guess-estimate the load factor and yield at …to access this report contact@researchgreece.com

Real GDP was revised downwards at -1.4% yoy (from -1.3%) marking the third consecutive deteriorating quarter. It is hard to see GDP growing by more than 1.0%-1.5% yoy post 2017 and this after private consumption (70% of GDP) stabilizes from the -new- austerity overhang; news on dividends -some brought forward to avoid the tax increase next year- dominate the ones on growth; equities have limited structural upside, if any…