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Newsletter 203 -15/04/2019
to lead to 1 percent of GDP in savings but were also designed to create greater fairness among pensioners, the reduction to the tax-free threshold is also aimed at generating an extra 1 percent of GDP... is designed to raise extra revenue equivalent to 1 percent of GDP (roughly 1.8 billion euros). Reports
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Tsipras tries to use Brussels warning to his political advantage
PoliticsGreek Politics,” he said. “Mr Mitsotakis insists on talking about the need to adopt a 1:5 hiring rule, while we have managed to secure a 1:1 ratio,” he said. Tsipras concluded with a warning that Greece has
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Mitsotakis vows to push on with tax cuts despite fiscal concerns
PoliticsGreek Politicsthe first hirings (1,500 people) would be made in the police force, adding that the 1:5 ratio may... that it would reach the 1:1 ratio the government has been implementing since the start of the year. Justice
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Unemployment rate up to 19.2 pct in Q1, long-term jobless still falling
EconomyMacroeconomythe 1 million mark for a fourth consecutive quarter. However, Q1’s unemployment figure was the highest... age group where unemployment fell by 2.8 pps to stand at 28.3. An increase of 1 pps was seen in those... unemployed (over 1 year) declined for a seventh consecutive quarter to 589,000. Out of the total, long
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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingproperties worth around 1 billion euros. It is expected that the deal will open the way for Piraeus... the transaction on October 1, 2019. The end result will be the largest NPL management company... 2019 CET 1 ratio). In its latest financial stability report, BoG noted that during 2018, NPEs
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Q2 rise of 7.7 pct in apartment prices marks 12-year high
EconomyMacroeconomythat house prices increased by 1.7 percent in 2018, compared to an average price contraction of 1... compared to a downward revised decrease of 1 percent in 2017. Properties up to five years old saw price... on average by 2.7 percent in Athens and by 1 percent in Thessaloniki. In other cities, prices rose
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Tax cuts spearhead Mitsotakis's message in Thessaloniki
PoliticsGreek PoliticsJuly 1 next year. Mitsotakis said the aim is to bring them down by 1 percentage point by the end... two years should be to enhance our bilateral trade from 650 million dollars in 2018-19 to 1 billion
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BoG runs numbers to show how tackling NPE stock will benefit banks' bottom line
EconomyBankinginternal capital. The capital adequacy of Greek banks stood at 15.6 percent in Common Equity Tier 1... of NPEs between 1 and 10 percent brings relief of 500 million to 5.2 billion euros to the balance sheet in the form of risk weighted assets (RWA). With the exercise taking place at net book value, CET 1
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Newsletter 232 -13/12/2019
pct+1 of the junior notes have been sold to private investors and a satisfactory level... than the Italian criterion of having sold 50 pct+1 of both mezzanine and junior notes, with the aim... increased by 1.8 percent in 2018, compared to an average price contraction of 1 percent in 2017
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Population drops slightly in 2018 despite positive net migration flow
Societyof Greece was noted at 10,724,599 on January 1, 2019, compared to 10,741,165 for the same date in 2018... included people living in the country as of January 1 due to the refugee crisis. According to the data... of the total population. As of January 1, the population in Greece is split between 51.4 percent for females
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