Search
-
Labour reforms, fiscal measures loom largest as Athens resumes talks with lenders
PoliticsGreek Politicsto be implemented from January 1, 2019. Athens is hoping that the volume of measures will be reduced slightly... since) by 1 percent of GDP in one go from 2020. This seems to be the proposal from the lenders... straightforward regarding the other 1 percent of GDP in measures, which will come in the form of a reduction
3% -
Compromise proposal on table ahead of Friday's Eurogroup
EconomyProgramme. The draft proposal foresees pension cuts with estimated savings of 1 percent of GDP being implemented in 2019 and a reduction in the tax-free threshold yielding another 1 percent of GDP in 2020. This appears... percent of GDP, then counter-measures of 1 percent of GDP would be implemented in 2019 along
3% -
Review set to resume in Athens as debt talks drag on
PoliticsGreek Politicsthe 1 percent of GDP in pension cuts that will have to be implemented in 2019, the 1 percent of GDP..., the fiscal gap for 2018 and a range of other minor issues. The aim is to conclude the SLA by May 1
3% -
Deposit interest rates broadly stable in March, average loan rate down slightly
EconomyMacroeconomyGreek households’ new time deposit rate edged down 1 basis point (bp) to 0.66 percent in March, Bank of Greece (BoG) figures showed on Monday. The headline figure is a new record low since Greece’s... for amounts above 1 million euros rose by 15 bps to 4.04 percent, while for amounts between 250,000 and 1
3% -
Govt tables 2018-21 MTFS containing 4.5 bln in measures, sees growth rising from 1.8 pct this year
EconomyProgrammein employment by 1–1.8 percent each year in 2017-2021 will drive the unemployment rate lower from 23.5... savings of 1 percent of GDP each in 2019 and 2020 respectively and the implementation of counter... years, primary expenditure is seen rising by 1 percent in 2019 and then slowing to 0.5 percent
3% -
Energy efficiency: Legal parameters of a very substantial economic and strategic issue for Greek companies
Legal, the energy efficiency target shall be at least equivalent to achieving new savings each year (from 1...-year period prior to 1 January 2013. Thus, a vast number of companies have been affected... of the energy sold for final consumption and a market share of 1 percent of the energy sold. The energy
3% -
NBG sale of its 75 pct stake in Ethniki Insurance improves capital ratio by more than 100 bps
EconomyBanking) on NBG’s Common Equity Tier 1 (CET1) ratio. The latter stood at 16 percent in the first quarter... with 1,200 employees, 2,128 insurance advisors and 1 million customers, while its pre-tax profits stood... companies will generate approximately 1 billion in premia annually from the Greek insurance market
3% -
Parliament debate yields little, wait for bailout tranche goes on
PoliticsGreek PoliticsPanos Kammenos’s actions in connection with the Noor 1 drug smuggling case were subjects that took... in the probing of the Noor 1 case. Mitsotakis and Tsipras were also involved in a lengthy and heated... by the International Monetary Fund to complete. The Fund wants official confirmation that the 1 percent
3% -
Bond issue decision expected as clock ticks down
PoliticsGreek PoliticsPanos Kammenos’s intervention in the Noor 1 drug smuggling investigation. New Democracy still feels... Giannousakis, the owner of the Noor 1 cargo ship which was seized with almost 2 tons of heroin on board... did so because the convict said that he had information about the Noor 1 case he wanted to share
3% -
IMF still sees fiscal gap in 2018 - no action needed, for now
EconomyProgrammedecade, when the Greek growth estimate eases to 1 percent in 2022. This year’s GDP will be boosted... include the legislated post-programme measures of pension and tax reforms equal to 1 percent of GDP each... claims) will increase at around 1 percent per year. The Greek Finance Ministry expects lower inflows
3%