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Greek banks complete first round of covered bond issues
EconomyBankingon the international market since 2014, and the first for NBG since 2009. NBG’s bond issue attracted over 2 billion... of Piraeus Bank’s 10 billion euro covered bond programme. The yield was set at the 3-month Euribor plus 250
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Alpha Bank posts net profits of 65.2 mln in Q1, NPEs fall for fifth quarter
EconomyBankingsegment increased by 16 million euros, and declined by 2 million euros in the wholesale segment. Within... this year, plus spread reduction, also contributed negatively by 28 million euros. On a positive note
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Piraeus confirms deal with Intrum for 27bln in NPLs as Eurobank launches SPV
EconomyBankinginflows, plus third party REOs. The agreement values the platform at 410 million euros. The total... billion transferred to the SPV and 2 billion from the securitisation of housing loans under the code
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Parties' competing tax pledges come up against challenging reality
EconomyFeaturesthe top tax rate “considerably” from its current effective rate of 55 percent (45 percent tax plus 10... growth with business-friendly policies, but also plans to raise 2 billion euros from cost-cutting
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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingestate owned assets (REO) portfolio along with any new inflows, plus third party REOs. The agreement...-performing residential mortgage loans. The portfolio carries a gross book value of 2 billion euros and has
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Govt looks for ways to manage promised tax cuts as Mitsotakis continues European charm offensive
PoliticsGreek Politicspercent for incomes up to 10,000 euros, at an additional cost of 500 million euros in 2020 (plus an extra...-government spending review is also hoped to generate up to 2 billion euros of savings. Ministries
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ND unveils development bill it sees as catalyst for growth
PoliticsGreek Politicsto pay part-time workers their regular wage plus 12 percent if they stay longer than their normal... period longer than 2 months and face stiff fines if they are employing undeclared staff.
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Study suggests 1 in 3 employees could work remotely
EconomyFeaturesremote working arrangement in the EU at less than 2 percent of those employed saying that they usually... benefits to working from home as demonstrated by the current coronavirus pandemic, plus psychological
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Newsletter 346 - 15/07/2022
-crisis level of 751 euros, plus other tax cuts are also reported to be on the menu of policies being... in vehicle registrations slowed down in June to 2 pct year-on-year, from 21.3 pct in May. Car sales were
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Newsletter 448 - 24/01/2025
Democracy MPs, plus up to 3 additional votes from independents, including former PM Antonis Samaras... dividendsThe Greek government’s economic narrative, built around growth that exceeds 2 pct
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