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Greek banks' equity raising could keep official support to a minimum
Economyan annual coupon of 8 percent. In addition, they are mandatorily converted to common shares if a bank’s... including a reverse split (1:15). HFSF holds 57.24 percent of the bank’s share capital with no other.... Piraeus has called an EGM on November 15 to approve a capital raising of up to 4.93 billion including
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Greek teachers low paid, but work shorter hours in smaller classes
Societyof service. Even after 15 years’ experience, a Greek lower secondary school teacher with minimum..., with nine pupils per teacher, below the OECD average of 15 and much below Mexico, where there are 28... level, ranging from 30 students per full-time equivalent teacher in Mexico to 8 in Greece
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The agenda of the first programme review shapes up with thorny issues
EconomyProgrammeof the first review. Local media indicate that discussions will officially kick off on January 8, while... 15 allowed the sale of NPLs related to large corporate loans and non primary residence mortgages... with the institutions should be reached by February 15 in the context of the first programme review
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Newsletter 77 - 10/06/2016
by the investor are taken into account. Lamda Development accepted to undertake total investments of 8... percent of those investments will be implemented within 12 years, instead of 15 years foreseen... the release of the bailout instalment be approved and that a decision would be required by June 15, a day
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Some basic products in Greece among most expensive in EU
Society, increasing by over 8 percent. In Greece’s main olive-oil producing rivals, namely Italy (101 percent... in the old EU 15 group of countries. Only in Romania, Poland, Bulgaria, Czech Republic, Hungary... price in the old 15 “western” member states. Indeed, cigarettes and other tobacco items were cheaper
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H1 exports show notable fall in many sectors but agricultural products buck trend
Economydeclined by 15 percent. The most exported product remains by far mineral fuels, which reached 2.74... products’ imports rebounded 8 percent to 13.46 billion in Η1 and currently make up 64.3 percent... in beverages and tobacco (+15 percent), while animal and vegetable oil and fat fell by 4.9 percent
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Bill aims to encourage more electronic transactions in Greece
EconomyMacroeconomyfigure stands at 15 percent, which increases to 20 percent for incomes 30,000 euros... of March 2017 or 8 percent if it is submitted at a later stage. However, there is an additional... is to provide an incentive for Greeks to declare income that had been hidden for the last 15 years
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With tax-free threshold set for change, income declarations underline need for rethink
EconomyProgrammeincome lower than the 1,000-euro mark, more than 29 percent income between 1-5,000 euros and 8 percent... would mean that more than 15 percent of salary-earners and pensioners (around 707,000 taxpayers), 9.... The government has counter-proposed a reduction of 15 percent in the single property tax (ENFIA), a cut by 2 pp
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Newsletter 123 - 16/06/2017
maturities and a further deferral of EFSF interest and amortisation by between 0 and 15 years.” The 0 to 15 years had been on offer at last month’s Eurogroup but a new inclusion was the reference... before tax refunds) rebounded by 8 percent in May, after falling by 6.5 percent in the previous month
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Newsletter 134
. The second pillar of the post-programme strategy is the decision of the June 15 Eurogroup, which the Greek... debt servicing to 15 percent of GDP in the medium and 20 percent in the long-term as well as the fixing... million euros for the land and has pledged another 8 billion euros in investment. According to a study
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