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  1. Ministry's actuarial study shows the devastating impact of the crisis on the pension system

    Economy

    was estimated to rise to 32.06 billion in 2019 corresponding to 16.3 percent of GDP. It is worth... billion in 2009 to 16.32 billion in 2015 and was estimated to rise further to 17.76 billion in 2019

    3%
  2. Multi-bill tabled as Greece aims to take last step to completion of review

    EconomyProgramme

    of indirect taxes are either increased or introduced with estimated revenues of 1.6 billion euros. The most... as of June 1 with estimated annual revenues of 437 million and a rise in the excise tax on cigarettes

    3%
  3. Lenders' report reveals long-term savings from pension reform, which also offset court ruling
    Photo by MacroPolis

    EconomyProgramme

    year’s measures, including the curtailment of early retirement rights, are estimated to have..., those measures are estimated to yield savings of 1.4 percent of GDP in 2019, 1.6 percent in 2020 up

    3%
  4. Alpha Bank reports net losses of 16.8 mln in Q2
    Photo by MacroPolis

    EconomyBanking

    to be launched in the second half (H2) of the year. The annual befit is estimated at 35 million euros. During.... The annual benefit from the repayment of pillar II bonds is estimated at 48 million. The ongoing

    3%
  5. MPs approve redevelopment of ex-Athens airport, which study sees having key economic impact
    Photo via Flickr https://flic.kr/p/r7FCCf

    Economy

    generation from the project operation and additional foreign tourism revenues, which are estimated... of the redevelopment project on the total employment in the Greek economy is estimated to exceed 90,000 jobs

    3%
  6. Some progress in first round of talks but most second review issues remain unresolved
    Photo by MacroPolis

    EconomyProgramme

    programme review, the GMI cost is estimated at 0.5 percent of GDP and will be covered through permanent... whether next year’s targets can be achieved. A fiscal gap of 0.2 percent of GDP is estimated for 2017

    3%
  7. Bank of Greece reveals lenders' NPE challenge and sets out path to recovery
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    ratio of 50.5 percent is due to drop to around 34 percent in 2019. In addition, NPLs are estimated.... Moreover, write-offs are estimated at 13.9 billion, corresponding to 13 percent of June NPEs

    3%
  8. Greece’s M&A market stagnates during recession

    EconomyFeatures

    deals cited by PWC, and that the estimated transaction value improving by 33 percent in dollar... stood at 10, half the number for the same time in 2015. The estimated transaction size

    3%
  9. Banks see efficiency gains after shedding 29 pct of staff, 42.6 pct of branches during crisis
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyBanking

    one third from 8.63 billion in 2009 to 5.82 billion in 2015, while a further cut is estimated... of POS sharply rose by around 100,000 in 2016, while is estimated to increase by another 90,000

    3%
  10. Tsakalotos and Stournaras raise objections to IMF assumptions
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    , with the primary surplus estimated at close to 2 percent of GDP, is not incorporated in the IMF’s... BoG has estimated that the achievement of non-performing loan (NPL) reduction targets will further

    3%