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  1. Gov't submits multi-bill to pave way for next bailout tranches

    EconomyProgramme

    is based on recycling wagers. This means that the new tax would result in lower columns played... impact on Kino revenues could reach 10-25 percent, resulting in lower than anticipated revenues... is lower than the price upon the purchase of the property. Other items The omnibus bill also sets

    6%

  2. Notable increase in grants to social security sector leads to budget primary deficit in Nov

    Economy

    , the 11-month budget primary surplus over-performed by 1.69 billion euros largely due to lower primary... billion lower than target. Expenditure As already evident in the preliminary figures, primary... lower military procurement of 162 million in the 11-month period, 400 million below target of 562

    6%

  3. Primary surplus beat target in 2015 on higher revenues and restrained spending
    Photo by MacroPolis

    Economy

    marked by lower than expected primary expenditure by 626 million as well as higher than targeted Public... billion, 448 million lower than target. As a result, net revenues remained almost unchanged (-0.1... lower operational and other expenditure (by 324 million), contingency reserve (126 million) and grants

    6%

  4. Newsletter 61 - 05/02/2016

    Newsletters

    years with income criteria. The lenders also favour lower pension replacement rates, meaning lower... growth in 2015 and recession of 0.7 percent in 2016. In addition, the much lower state aid of 5.4... this lower tax rate will tone down the strong objections of the self-employed to the higher

    6%

  5. Piraeus posts 1.24 bln loss in Q4 on jump in loan provisions
    Photo by MacroPolis

    EconomyBanking

    percent in Q4 from 40.5 percent in Q3 for the first time since 2007. It is worth noting that lower NPL ratios were reported across all lending segments. Higher loan provisions coupled with lower NPL... billion in Q4, lower reliance on Eurosystem funding also reflects replacement with interbank repos

    6%

  6. Budget primary surplus surges to 3.04 billion, extending outperformance
    Photo by MacroPolis

    EconomyMacroeconomy

    , the primary surplus extended the year to date outperformance to 1.98 billion attributed to lower... for heating needs. In addition, 2-month primary expenses were 913 million lower than target, almost equally... target. As a result, total expenditure increased by 2.5 percent to 7.94 billion, 961 million lower than

    6%

  7. Athens and creditors edge closer on tax and pensions but gap remains on NPLs

    EconomyProgramme

    . A potential agreement would also involve a proportionally lower amount being granted to those with 15-20 working years. 2) Institutions demand a lower pension replacement rate of 0.7 percent for the first 15... contributions for supplementary pensions, but at a lower rate of up to 1 percentage point (pp) vis

    6%

  8. Some progress made as Greek programme review heads for break
    Photo by MacroPolis

    EconomyProgramme

    after 20 working years. For 15-20 years, the national pension would be proportionally lower... years and lower for those with less than 25 years. In addition, the government proposal... lower increase would entail pension cuts up to 600 million euros. The government has indicated it does

    6%

  9. Budget primary surplus of 2.68 bln in first quarter, but March trims outperformance

    EconomyMacroeconomy

    in March from more than 3.9 billion in the preceding two months and much lower Public Investment Budget...) more than offsetting lower than expected PIB balance (by 366 million). The state budget balance showed... target, also reflecting lower military procurement of just 15 million, well below target of 193 million

    6%

  10. Eurobank turns profitable in Q1 for first time since Q3 2011, with net profit of 60 mln
    Photo by MacroPolis

    EconomyBanking

    to 382.8 million mainly driven by lower funding cost resulting from a reduction in Eurosystem funding... for the second successive quarter by 10 percent QoQ to 67.8 million fully attributed to lower government.... Operating expenses fell 4.2 percent QoQ to 253 million largely reflecting lower administrative

    6%