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Newsletter 19 - 13/03/2015
replace only a part of their ELA with ECB funding. This relates to pillar III bonds (4–6 billion), T-Bills (3.5 billion) and Greek government bonds (5–6 billion), totalling around 15 billion out... 63 percent of the total, compared to just 6 percent in January and zero in May 2014. The absolute
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The targets and deadlines in Greece's privatisation programme
EconomyProgramme) Hellenikon (former Athens airport) concerning a 6 million sq.m. seafront real estate. Lamda Development... of the transaction until December 21. 6) OLP, the largest Greek Port Authority. The tender includes... (OTE). Hellenic Republic holds 6 percent of shares and 10 percent of voting rights (current market
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Piraeus Bank posts net profit of 94 mln in Q3 and 40 mln in 9M
EconomyBankinga net loss of 15 million noted during the same period last year. Pre-provision income (PPI..., a strong increase of 74 percent QoQ. Operating expenses fell by 6 percent in Q3 to 249 million euros... amounted to 244 million versus 259 million for the previous quarter, down by 6 percent. In 9M, recurring
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Newsletter 266 -18/09/2020
estimates for 9 pct recession this year and 6 pct growth in 2021, which suggests that Greece... deficit of 6 pct of GDP, as spending has increased, and tax revenues are suffering from due to the crisis... are kept below 15 pct of GDP. The central banker also highlighted the significance of EU funding over
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Newsletter 269 -16/10/2020
to extend its territorial waters from 6 to 12 nautical miles or lose all credibility in Progress... currently extend 6 nautical miles, adding that the option of extending to 12 miles will be exercised..., towards a more stable path in the 2022 to 2025 with a deficit of 1 to 15 pct of GDP. The primary
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Newsletter 404 - 01/12/2023
by former finance minister Euclid Tsakalotos and the more moderate “6+6” faction for which former labour... in a recent newsletter. The Greek Finance Ministry sees rapid investment growth that will exceed 15 pct... by 3.6 pct annually. Compared to September 2022, automotive fuel was down by 6 pct, non-food was down
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Greece lays out plans for debt relief from eurozone
EconomyProgrammeby 15 years c) Deferral of interest payments on EFSF loans by 10 years As a result, the cost of GLF... onwards. In addition, 15 billion euros of Greece’s debt is in the form of short-term notes (Treasury... 15 years and a reassessment of GLF interest rates thereafter. The Greek government is expected
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Newsletter 48 - 23/10/2015
capital needs of 15–17 billion, of which private investors would have to cover a high, single-digit figure... are pointing to a total figure of between 15 and 17 billion, of which private investors would have to cover a high, single-digit figure. On October 15, Piraeus was the first Greek bank to announce a bond
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Gov't submits reform plan that raises contributions and cuts future pensions
EconomyProgrammewill be granted at the age of 67 years to those living in Greece for at least 15 years. The full amount... replacement rate. This rate stands at 12 percent for 15 working years, at 37.5 percent for 35 working years and at 46.7 percent for 40 working years. 6) The overall main pension replacement rate also takes
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Newsletter 69 - 08/04/2016
slashed to 15 billion. He added that a feasible privatization revenue target would hover around 6–7... year for those with at least 15 working years. At the institutions’ request, the Labour Ministry has reportedly slightly lowered the pension replacement rates for the first 15 working A Finance Ministry
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