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Opposition frets over foreclosure decision as ND casts net for new faces
PoliticsGreek Politicsborrowers be protected from foreclosures. The issue of primary residence protection is politically... it has proved the “most successful tool of the last 12 years for settling private debt.” ND casts net... stepped in with its own legislation to protect primary residences. She claimed that funds will now
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Athens set to press ahead with primary residence law despite differences with lenders
EconomyProgrammehas seen the new primary residence framework, which is due to succeed the Katseli law that expired... framework governing the protection of primary residences from foreclosure without necessarily first... residences. The institutions also raised concerns about the inclusion of the second group of NPLs
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Government hopes new affordable homes bill can help alleviate housing pressure
PoliticsGreek PoliticsGreece’s housing crisis has emerged as one of the key issues that the government has to address... concessions on selected public buildings or land to private developers. In return for covering all design... 2026. After the announcement of a one-month rent subsidy for tenants earlier this year, the government
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Post-Covid era dawns on new landscape for bad debt in Greece
EconomyFeaturesof auctions is only just being lifted, while mortgage subsidies have acted as a safety net for precarious... as purchasers of NPL portfolios. One of the largest players in the Greek servicer market, Intrum Hellas... of the total volume of NPLs. One aspect of the problem has been institutional. Seizing
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Ankara tension tops govt agenda, overshadowing social dividend and primary residences
PoliticsGreek Politicsand an annual income of less than 20,000 euros, families with one long-term unemployed member (more than... with disabled children under the age of 24. The total outlay is estimated at 175 mln euros “The one-off... other one-off payments. The government also submitted to Parliament on Friday a draft law aimed
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Newsletter 190 -18/01/2018
billion euros and was below target by 611 million. Monthly net revenues totalled 5.34 billion euros... MPs (Danellis being one of them) would support the deal but Theodorakis and his colleagues were... but also leads the tiny Democratic Left (DIMAR), is one of the centre-left lawmakers that favours
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Deliberations over primary residence bill set to delay green light from Eurogroup
EconomyProgrammeof the mortgages that qualify for this form of restructuring. One of the main benefits of the new... In the meantime, Greek authorities have moved ahead with one of the key privatisations on their to-do list... on the details of the legislation for primary residences by Friday. Speaking to journalists in Brussels
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Newsletter 230 -29/11/2019
. The maximum tax discount was set at 19,200 euros in the first version of the bill, but in the one... elections. New Democracy’s proposal that up to five votes should be held in Parliament, with the last one... popular amendment (274 votes) was the one involving Article 86 regarding the so-called “ministerial
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Alpha Bank reports H1 profits of 267.4 mln on one-off item
EconomyBankingone-off items. Excluding DTA, the bank posted net loss of 146.6 million in H1, which was 8.4 percent better than the consensus. The financial performance this year showed net loss was trimmed to 57.4...Alpha Bank reported first half (H1) net profit of 267.4 million euros from 3.41 billion last year
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General govt primary cash surplus falls to 2.6 bln in 2-month, arrears up for second month
EconomyMacroeconomypercent of total with tax refunds following at 1.26 billion (one quarter of total). In addition... exclusively for net arrears clearance. Debt The central government gross debt declined by 1.07 billion euros.... In contrast, the respective figure for the state budget dropped by 611 million to 1.63 billion
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