Economy
After paying IMF, Greece looks to cover remaining funding needs for March and April
Τhe government has covered a large part of its funding needs for March, which mainly comprised of 1.5 billion euros in payments to the International Monetary Fund and the rollover of 4.6 billion euros worth of T-Bills.
Piraeus Bank net losses at 332 mln in Q4 2014, NPLs drop under 39 pct
Piraeus Bank reported net losses of 332 million euros the fourth quarter (Q4) of 2014 from 1.56 billion in Q3, which were exceptionally high due to a sharp rise in impairment losses to 2.24 billion.
Alpha Bank net losses rise to 440mln in Q4 2014, NPL ratio at 33 pct
Alpha Bank posted an increase in net losses to 440.2 million euros in the fourth quarter (Q4) of 2014 from 156.9 million in Q3.
Gov't adopts patchwork of measures to overcome liquidity problems
Overcoming a lack of liquidity and covering its funding needs until June are fast dominating the governments economic policy agenda.
Greek gov't tables draft law on installments for unpaid taxes: Here's what's in it
The Finance Ministry (MoF) tabled in Parliament on Wednesday evening the draft bill for the “rebooting of the economy”, which mainly includes the government’s intervention for the settlement of tax and social security contribution (SSC) arrears.
Growing uncertainty weighs on Greek shares and bonds
The Greek stock market plunged 4.13 percent on Wednesday amid growing distance between Greece and its lenders and worsening climate emerging from the recent comments of leading European officials.
In potential clash with lenders, SYRIZA wants to use privatistion receipts to fund social policies
Speaking ιn Parliament yesterday the Alternate Finance Minister Nadia Valavani announced the creation of a new Public Wealth Fund, which will incorporate the Hellenic Republic Asset Development Fund (HRADF) and various public asset management agencies such as the Public Properties Company (ETAD).
Greece sees lower primary surplus at 0.3 pct for 2014, fiscal challenges remain
The Finance Ministry (MoF) said in a press release on Monday evening that the primary surplus for 2014 reached 0.3 percent of GDP, according to Greece’s Economic Adjustment Program (EAP) methodology.
Greek gov't targets unpaid social security contributions: The numbers involved
The government recently tabled for public consultation a draft bill on the settlement of unpaid tax and social security contributions (SSC). Both interventions are among the government’s key priorities to boost revenues and reverse the negative trend in both areas.
Greek central gov’t cash surplus shrinks 70 pct to 503 mln by February
Greece’s central government primary cash balance showed a surplus of 503 million in the first two months of 2015 down by 70 percent on last year’s figure of 1.68 billion, according to the Bank of Greece (BoG).