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The key points from lenders' proposals to Greece
EconomyProgrammeby the Tagesspiegel newspaper in Germany, which we presented earlier today, tovima.gr published the two documents (5... pensioners by December 2016. 5) Provision to people retiring after June 30 the basic guaranteed... policy actions will be taken that would undermine the banks’ solvency. 5) The authorities
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This is what's in the legislation Greece has to approve by Wednesday night
EconomyProgrammeon recreational vessels whose length exceeds 5 metres, while the previously imposed tax rate of 10... percent (from 2.1 percent) 5) Between 100,000 and 500,000 euros, the rate increases to 6 percent (from...) 75.6 million will arise from the increased tax rates on insurance fees 5) 48.5 billion from
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Early rounds of talks with lenders focus on possible prior actions
EconomyProgrammeregarding 2012 pension reform. According to the CoS, cuts of 5 to 15 percent in pensions above 1,000 euros...) Reduction by 50 percent in the subsidy expenditure for heating oil. 5) Increase the rate of the tonnage... statement of July 12. This amount would be disbursed in a segregated account at the ESM 5) Payment of state
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Draft bill sees millions in savings and revenues from variety of bailout interventions
EconomyProgramme, the increase in the age for early retirement is expected to save funds 5 million euros in 2015, 29 million... basis from the abolition of certain taxes and contributions. 5) The abolition of the 2 percent... of unpaid obligations to social security funds from 3 to 5 percent, tax increases in the shipping
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Lafazanis out of blocks early, announces anti-bailout party ahead of bailout vote
PoliticsGreek Politicsvoted “No” in the July 5 referendum. Lafazanis sees this vote as legitimising his move to split from... represent only around 5 percent of voters. It now remains to be seen if other, weightier figures, from... abstained and 1 was absent in the first vote on prior actions, while there were 31 Nos and 5
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Lenders set out 49 milestones for Greece to meet before next bailout tranche
EconomyProgrammeof the government council of public debt 5) The Bank of Greece issuing provisions to implement... of notaries fees 5) Launch impact assessment of selected reforms on competition, investment licences...) and the market operator. 5) Revision of PPC tariffs based on costs, including replacement of the 20
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Gov't hits back as pension reform row heats up
EconomyProgrammelandscape is completely different with that of 5 years ago since GDP has shrunk by almost 22 percent... of the pension system and also provides the prospect of pensions growing in the future. 5) The pensions... and up to 20 insured years, which indicate that new pensions will be higher by up to 5 percent vis-à
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Piraeus posts 1.24 bln loss in Q4 on jump in loan provisions
EconomyBankinghigh administrative expenses. For the whole year, recurring costs fell by 5 percent to 1.25 billion..., the full year figure fell 5 percent to 3.49 billion. Overall, cumulative loan loss reserves reached... at 68.07 billion, while deposits increased by 5 percent QoQ to almost 39 billion, with loan to deposit
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Multi-bill details how Greece aims to raise 1.6 bln from indirect taxes
EconomyMacroeconomymillion. A new levy is introduced on fixed line or internet and cable TV subscribers with a rate of 5... with 5 stars. The estimated annual revenues amount to 74 million. Following the reduction... sector attrition rule from the current 1 hiring for 5 departures to 1:4 in 2017 and further to 1:3
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Apartment prices drop by 2.7 pct in Q2, slowest rate since Q1 2010
EconomyMacroeconomya marginal drop by 0.1 percent in Q1. The breakdown shows that the prices of new apartments (up to 5 years... transactions. In 2015, apartment prices contracted by 5 percent, at a decelerating pace from the 7.5 percent... prices are projected to further drop by 5 percent in 2016 and by another 1 percent in 2017, according
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