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IMF argues case for further reform of pension system
EconomyProgrammepercent that outweighed offset a decline in the average pension by 8 percent between 2010 and 2015... below the eurozone average figure of 8 percent. This is an indication that the social security system... of 1.5 percent of GDP by 2018, it still leaves a significant pension deficit of 9 percent of GDP over
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New attempt to get Cyprus talks back on track
PoliticsForeign Policy, the cabinet approved the contracts for the third round of oil and gas tenders for blocks 6, 8 and 10... and Italy’s Eni and France’s Total for block 6. Eni also won block 8. Nicosia is worried about... drilling in block 9, Turkey reacted by sending its seismic vessel Barbaros to collect data in Cyprus’s EEZ
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Greeks underwhelmed by deal with lenders, stressing uphill task for Tsipras
PoliticsGreek Politics. The Communist Party follows with 13 percent, To Potami with 9, Golden Dawn on 8 and the Union of Centrists with 8 percent. The pro-drachma party of former parliamentary speaker Zoe Konstantopoulou, Sailing
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Alpha Bank profits at 41 mln in Q3, reach 53.3 mln in 9M
EconomyBanking. By 2021, the stock of NPEs is expected to stand at 8 billion euros. The stock of non-performing... asset impact (-4 bps) and other activities (-2 bps) along with period results (+8 bps). The bank... 9. Alpha Bank’s CEO Demetrios Mantzounis noted that the Q3 results showed a continued de-risking
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Deliberations over primary residence bill set to delay green light from Eurogroup
EconomyProgrammethe April 8 Eurogroup in Bucharest. The eurozone official confirmed that the biggest obstacle... be eligible for the proposed framework. Of these, 9 billion euros relates to mortgages, while another... or investors to be selected between May 5 and May 8. Also, Parliament approved on Thursday the splitting
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Newsletter 212 -28/06/2019
lead. Instead, the focus is on whether Mitsotakis will be able to form a government on July 8 and what..., drop the introductory income tax rate from 22 to 9 percent for those earning less than 10,000... percent, with the leftists on 29.5 percent. Movement for Change (KINAL) is in third on 8 percent
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PDMA sets 2020 goals to build on improving conditions for debt
Economyin 2019 for a total amount of 9 billion euros, in 5-, 7-, 10-year issues and a tap through.... In most years, it ranges between 6 and 8 billion euros, limiting refinancing risks across medium.... In scenario 2, which includes early official sector repayment, the new transactions will come to 8
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Athens expects emergency economic measures to contain 2020 contraction to 4.7 in baseline
Economypercentage points and a deep euro area contraction of 7.5 pct, downward revised by 9 percentage points... on Greece’s external sector then the output drop in 2020 will reach 8 pct. It is worth noting that had... pct of GDP The authorities note that the funding strategy this year, which was meant to raise up to 8
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Newsletter 259 -24/07/2020
Essential EU funds secured Greece to get around 70 bln, OECD sees 8 to 9.6 pct contraction... and employment. It repeated its previous estimates that GDP is set to shrink by between 8 to 9.8 percent... of hotels have reopened or will have reopened by August, 9 percent have not decided when
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Latest market foray for 15-yr bond attracts strong investor interest with record low yield
EconomyBankingand insurance and pension funds with 8 pct. Hedge funds had 9 pct of the allocation. The same issue... by fund managers at 59 pct and hedge funds at 8 pct. Greek participation came to 7 pct. Including
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