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Greece passes latest omnibus bill, looks to next actions ahead
EconomyProgrammeactions for the disbursement for the second sub-tranche of 1 billion, euros has not been defined yet. However, it is widely rumored that it will involve: 1) A comprehensive solution on the management... targeting the pledged cost savings of 1 percent of GDP in 2016 including cuts in pension above a threshold
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Alpha, Eurobank raise 4.6 bln in private capital: Here's exactly what it means
Agorawill be announced at a later stage, the bank said. In addition, Alpha will also conduct a reverse split (1:15) since... timetable, new Eurobank shares will begin trading on December 1. In addition, a temporary suspension... split (1:100). The sharp drop in HFSF participation in both banks was expected since the amount
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Government tables 2016 budget, upgrades GDP forecasts but leaves fiscal estimates unchanged
EconomyMacroeconomysessions. The discussion in the plenary is scheduled to start on December 1 and the budget is due... in 2016. This signals a revenue growth of 1 percent in 2016. Direct taxes are seen down 7.3 percent.... In absolute terms, this corresponds to incremental revenues of 1 billion in 2015 and 3.2 billion
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Newsletter 54 - 04/12/2015
. At the same time, tax arrears have increased by around 1 billion per month, to reach a total of 10.38... by 1 percent on the 2015 figure of 48.62 billion. The Finance Ministry has incorporated revenue interventions of 1 billion for 2015 and 3.2 billion for the two-year period until 2016. The bulk
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Newsletter 58 - 15/01/2016
for a rise in the SSC for supplementary pensions by 1.5 percentage points (pp), of which 1 pp will come... euros required to achieve the agreed pension cost savings of 1 percent of GDP (1.8 billion) in 2016...–20,000 euros. On the fiscal front, there are estimates that the fiscal gap could reach 0.5–1 percent
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Wide range of exacting issues lie ahead for Greece in first bailout review
EconomyProgrammebailout programme calling for pension cost savings of 1 percent of GDP (1.8 billion euros) in 2016... to legislate credible measures yielding 1 percent of GDP in total for 2017-18 to support the 2018 fiscal target... sub-tranches of 2 and 1 billion were disbursed on November 23 and December 22 after
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Time deposit rate almost stable in December, average loan rate rises 17 bps
EconomyMacroeconomyGreek households’ new time deposit rate rose by 1 basis point to 1.02 percent in December, Bank... in corporate lending were recorded in loans for amounts above 1 million euros, where rate rose by 19 bps to 5.19 percent and in for amounts between 250,000 and 1 million euros, where rate fell 13 bps
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Time deposit rate almost flat in Jan, average loan rate falls 12 bps
EconomyMacroeconomyin January, when it eased marginally by 1 basis point (bp) to 1.01 percent in January, Bank of Greece... 1 bp to a new low of 0.55 percent in January. Loans The most marked change in corporate lending was posted in loans for amounts above 1 million euros, where the rate fell by 33 bps, after rising by 19
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Central gov’t debt rises to 321.3 bln in Q4, financial aid loans at new high of 220.4 bln
Economy: a) the disbursement of the two bailout sub-tranches of 2 billion euros on November 24 and 1 billion... short-term (up to 1 year) and medium-term (1 to 5 years) debt. Greece’s cash deposits advanced
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Some progress made as Greek programme review heads for break
EconomyProgrammescale are estimated at around 1 billion euros, while an increase in the solidarity levy rates is also considered, which could fetch another 1 billion in tax revenues. Another tax issue relates... also discussed measures yielding at least 1 percent of GDP for achieving the primary surplus target
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