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Bad news for Greek Shipowners? Tonnage tax under European Commission scrutiny
Legalfinal of 18.12.2015, the Commission addressed a set of proposals to the Greek government, calling... constitute State aid within the meaning of Article 107(1) TFEU. The Commission also drew attention
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Deadlock at NBG over chairman appointment
EconomyBankingnot fulfil the criteria set by the European Central Bank’s Single Supervisory Mechanism (SSM) for holding... and constant review by the SSM. Piraeus Meanwhile, Piraeus Bank announced on November 1 that George
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Stocks rebound 1.5 pct during week, banks climb 4.6 pct
Economyauthorities are expected to set the tone in the domestic market. The Athens Stock Exchange general index... quarter (Q3) net profits to 78.3 million euros with turnover improving by 2.7 percent to almost 1
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IMF sets out its stall as review deliberations resume in Athens
EconomyProgrammeand for pension cuts. The pair also called for additional measures if the fiscal target is set at 3.5 percent..., the Fund notes that the recent pension reform reduces this cost by just 1 percent of GDP, which
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Newsletter 103 - 20/01/2017
that are set to kick in after the end of the programme in 2018. Athens needs this clarification in order...-case scenario. Specifically, starting from a fully-loaded common equity tier 1 (CET1) ratio of around
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Adverse weather pushes Jan manufacturing PMI to lowest level for 16 months
EconomyMacroeconomyGreece’s Manufacturing PMI fell by 2.7 points in January after improving by 1 point in the previous month, the Markit survey displayed on Wednesday. The PMI landed at 46.6, which is the lowest... firms look set to try to alleviate their cost burdens over the coming months,” Markit noted.
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Space and time the missing elements in Greek bailout talks
Agora. The IMF believes that the fiscal targets the Europeans have set Greece (3.5 percent for 5-10 years after... that the government collects, another 1 billion is added to the massive pile of unpaid debts (totalling 95.29
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European Commission positive on Greece's macro and fiscal prospects
EconomyMacroeconomyrespectively. Unemployment is set to drop steadily in the next two years on the back of labour market... inflation of 1.3 and 1 percent is expected for 2017 and 2018 respectively. The key downside risks
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Newsletter 107 - 17/02/2017
points of the review have been settled, the discussion could turn to the detailing of the next set... write-offs in the course of 2016, reaching a record high of 2.54 billion, up by more than 1 billion
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Greece forced to revisit prickly subject of pension spending to conclude review
EconomyProgrammepension, which is a fixed amount set at 384 euros for 20 years of contributions, and the contributory... involves applying the new rules to existing pensions, which could deliver savings of 1 percent of GDP
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