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Gov't submits reform plan that raises contributions and cuts future pensions
EconomyProgrammereplacement rate. This rate stands at 12 percent for 15 working years, at 37.5 percent for 35 working years... would result in a replacement rate of around 57 percent. 7) According to estimates, the new pension.... 12) The zero-deficit clause on supplementary pensions is replaced by a viability rule, which
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Economic sentiment rebounds in March, consumer confidence nosedives
EconomyMacroeconomydeteriorated by more than 7 points since last August and currently stands around 12 points above... indicator rebounded by 5.8 points to -17.3 in March. However, it still stands 12 points below the recent
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Newsletter 68 - 01/04/2016
intends to pay state arrears of 7 billion euros to the private sector by the end of the year... on the first programme review to be reached by April 12 and decisions to be clinched at the Eurogroup... was in 1989, the year that the Berlin Wall fell. Since then, there have been 12 general elections
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Newsletter 81 - 08/07/2016
refinancing facilities, Greek banks could replace 7 percent of emergency liquidity assistance (ELA... has increased by 106,900 over the past 12 months, while the number of unemployed has shrunk... has dropped by 17 bps in the year to date and by around 100 bps over the past 12 months. Corporate
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Bank of Greece report overviews lenders' profitability, urges drastic NPL management
EconomyBanking, while consumer NPEs increased at a slower pace of 7 percent. Overall, BoG figures showed that 54.7... percent in the second half of 2015, while the value of card transactions increased at a slower pace of 12... with the value of card transactions reaching 53.2 billion euros, up 12 percent from last year. However
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Newsletter 99 - 09/12/2016
in the general elections and SYRIZA 20.5. Golden Dawn is in third on 7 percent, followed by PASOK..., while the number of unemployed fell by 9,900 to 1.11 million. Over the last 12 months, the number... in September after hiking to 23.3 percent in August. Over the last 12 months, the number of employed has
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In latest review of loan quality, BoG says capital ratios to remain high after targeted NPE reduction
EconomyBankingpercent over the last 12 months. These type of settlements in the housing lending sector soared 145... of the spectrum, the lowest ratios were recorded in energy (3.7 percent), public administration (7... scenarios. The first was based on banks’ restructuring plans projecting a rise in PPI by 12 percent
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Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBankingPiraeus Bank trimmed its net losses to 6 million euros in the first quarter (Q1) of 2017 from 12 million in the previous quarter. Pre-provision income (PPI) rebounded by 12 percent quarter-on-quarter... increased by 2 billion QoQ to 8 billion in March, at a cost of -7 bps. The bank said it participated
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Survey shows 42 pct of Greek expats unlikely to return
Societysalary of over 50,000 euros, 27 percent 20-29,000 euros, 22 percent 30-39,000 euros, 12 percent... percent are managers, 7 percent are senior executives and 4 percent are businessmen. The remaining 10... a year ago, while only 5 percent said that they had left within the last six to 12 months. The remaining
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General govt primary cash surplus at 1.98 in Jan, arrears fall by 167 mln
EconomyMacroeconomythe sales of nonfinancial assets declined by 12 million, standing at 2 million in January versus 14... million) and state budget arrears (-46 million). Arrears to extrabudgetary funds fell by 12 million... percent of total guarantees. Bank support remained unchanged, while gg entities fell by 7 million
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