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Greece receives list of milestones for next bailout sub-tranche
EconomyProgrammeof milestones Greece has to implement in the next three weeks for the disbursement of the next sub-tranche of 1... to: 1) Preparation of a plan for the establishment of a new independent secretariat of public revenues so the relevant legislation can be adopted during the first programme review. 2) Measures
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Pension reform wrangle prompts Greece to consider going own way on contributions rise
EconomyProgrammein contributions could reach 2 percentage points (pp), of which 1.5 pp will burden employers (1 pp for main...) called for pension reform savings of 0.25 percent of GDP in 2015 and another 1 percent in 2016
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Deflation slows to 0.7 pct in Nov
EconomyMacroeconomyrepresents the lowest negative reading since August 2014 and the second successive reading below -1... posted by food and non-alcoholic beverages (+3.2 percent), hotels, cafes and restaurants (+2... with CPI seen rising by around 0.5 to 1 percent in 2016, according to the latest European Commission, OECD
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Strong rebound of 7.7 pct in week for Greek stocks with jump in trading activity
Economyof 1 billion following the approval by the Parliament of the last multi-bill on prior actions... percent, while Grivalia (-2.6 percent), METKA (-2 percent), Public Power Corporation – PPC (-1.3 percent) and Motor Oil (-1 percent) also underperformed. The trading activity materially improved throughout
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Greece and lenders hold inconclusive talks on tax and pensions
EconomyProgrammeanything yet.” This confirms the significant gaps that still exist between the two sides and relate to: 1... (15/20) for those with 15 working years. 2) On pension replacement rates, the mission chiefs... savings of 1 percent of GDP (1.8 billion) this year. Since the institutions rejected the government
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Newsletter 68 - 01/04/2016
and indirect taxes, each yielding 1 percent of GDP. On the pension front, on top of measures already... percent. What remains under discussion are the other tax revenue measures yielding 1 percent of GDP... and cosmetics (+0.5 percent). January’s slip in retail sales was fuelled by a drop in petrol prices. 2
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With review completion in sight, which way next for Greece?
Agoraparliamentary debate on the pension and income tax reforms – worth 2 percent of GDP – but all voted... lifting for the time being. The 1 percent of GDP in further fiscal measures (mostly rises... will have to be activated, and to achieve a much bigger corrective adjustment (say 0.5 to 1 percent
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Alpha Bank reports net losses of 16.8 mln in Q2
EconomyBankingmillion in Q1, while stood close to 1 billion a year ago. Last quarter’s NPL formation mostly stems from... the conference call, the management noted it expects deposit inflows of 2 – 2.5 billion for the Greek..., this figure could be impeded by taxpayers’ obligations in H2. The bank’s Common Equity Tier 1 (CET1
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IMF sees primary surplus of 0.7 pct of GDP in 2017, debt ratio peaking at 184.7 pct
Economyof 0.7 percent of GDP, still remaining more than 1 percentage point lower than the programme target... again to 2 percent in 2020 and to 2.6 percent in 2021. It is worth noting that general government revenues (as a percent of GDP) are expected to drop by around 1 percentage point per annum
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Newsletter 98 - 02/12/2016
at the end of September, 1 percent above the target of 106.9 billion, while the respective ratio stood... index edged up 1 percent month-on-month to 71.9 in September and stands close to its mid-2002 level... notable rise. 2 The season for election speculation Tsipras pins hopes on completing review
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