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Piraeus Bank brings Q1 2015 losses down to 69 mln
EconomyBankingwith mortgages and consumer loans at 24 and 10 percent respectively. As expected, deposits fell... split between Greek sovereign (10 billion) and loans (8.1 billion). The bank revealed that the ELA.... The bank estimates synergies of 10 million and positive liquidity of 0.3 billion due to the acquisition
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Income inequality in Greece has grown during crisis, OECD report shows
Societywith comparable data. By contrast, the top 10 percent controlled half of all total household wealth... and Greece, where the average income of the bottom 10 percent fell 13 percent per year from 2007 to 2013. This group fared considerably worse than the median and the top 10 percent. The impact
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The key points from Greece's proposal to lenders
EconomyProgrammein each year in 2015-16. 6) Extension of the luxury tax to recreational vessels above 10 meters and increase of the currently applied rate from 10 to 13 percent with expected revenues at 30 million... are expected from the privatization of Piraeus and Thessaloniki Port Authorities and 10 large regional
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Coalition in rush to wrap up pending bailout issues
EconomyProgrammeis the conditions for the disbursement of the 10 billion euros for bank recapitalisation that is currently... to receive the 10 billion euros set aside for bank recapitalisation. Although not defined yet, the next... disbursement of both the sub-tranche of 1 billion plus the all-important 10 billion for bank
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Government in race against time to resolve bailout issues
EconomyProgrammeFollowing the Eurogroup decision on Monday to decouple the disbursement of the 10 billion for bank... examining the final technical and legal details for imposing a tax of 10 percent (0.05 euros per... of the installment payment deadline) to be reduced to 20 days in June 2016 and to 10 days as of the beginning
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Gov't submits multi-bill to pave way for next bailout tranches
EconomyProgrammewill be applied to all OPAP games, which corresponds to a tax rate of 10 percent on lottery games and 20... as the transfer to the HFSF of the 10 billion earmarked for bank recapitalisation that are currently... is reportedly expected to convene on Monday to formally approve the disbursement of the 2 plus 10
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Privatisation of power transmission firm ADMIE a key challenge among prior actions
EconomyProgramme. The relevant invitation was published by PPC on April 10, 2014. The first phase of the ADMIE tender... per Azioni. According to its 2014 financial results, ADMIE sales fell by 10 percent to 312 million... the country’s electricity imports via ADMIE, since only 25-30 percent of imports and 10 percent
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Newsletter 57 - 08/01/2016
that they should have been adjusted in May 2015. For most areas, the adjustment will result in a 10–20 percent... to taxpayers providing receipts for purchases and services for an amount equal to 10 percent... euros in 2016, they will have to collect 10 percent of their income (or more) in receipts through card
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Gov't unveils bill to overhaul pension system, increase income tax revenues
EconomyProgrammeof 2,000 euros for incomes up to 20,000 euros. The tax credit is phased out by 10 euros for each... from 2.2 percent for income between 12-20,000 euros up to 10 percent for incomes above 220,000 euros..., according to the Finance Ministry. The tax rate on dividend income increases from 10 to 15 percent
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Newsletter 81 - 08/07/2016
by 32.4 billion, 10 billion of which in the last month, which also reflects the reinstatement... administrations Parliament is due to vote in just over 10 days on the government’s proposal to switch Greece... loan rates displayed mixed trends. They increased by 10 bps to 5.97 percent for amounts below 250,000
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