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The key points from lenders' proposals to Greece
EconomyProgrammeby the Tagesspiegel newspaper in Germany, which we presented earlier today, tovima.gr published the two documents (5... pensioners by December 2016. 5) Provision to people retiring after June 30 the basic guaranteed..., the government will transfer the state’s stake (10 percent) in OTE to the HRADF and take irreversible steps
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Fiscal target revision shows 3.07 bln 9-month primary surplus was 1.8 bln above target
Economyincorporated in the 2016 draft budget tabled on October 5. In particular, the 2015 primary surplus target... 2.02 billion, almost 10 percent short of target. As a result, net revenues fell at slightly rate...) Allowances to families with many children (at 35.5 percent of the annual target of 650 million) 5) Grant
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Piraeus posts 1.24 bln loss in Q4 on jump in loan provisions
EconomyBankinghigh administrative expenses. For the whole year, recurring costs fell by 5 percent to 1.25 billion... in fee income by 10 percent QoQ to 79 million. However, due a drop in other income, operating..., the full year figure fell 5 percent to 3.49 billion. Overall, cumulative loan loss reserves reached
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Gov't lowers tax-free threshold, prepares for third pillar of measures worth 1 pct of GDP
EconomyProgrammein the excise tax on beer, cigarettes and tobacco. As of July 1 Introduction of a new tax rate of 5 percent on internet connections and 10 percent on Pay TV. Increase in the tax rate for investment... Introduction of a hotel overnight stay tax ranging between 2 euros for hotels with two stars up to 5 euros
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Multi-bill details how Greece aims to raise 1.6 bln from indirect taxes
EconomyMacroeconomymillion. A new levy is introduced on fixed line or internet and cable TV subscribers with a rate of 5 and 10 percent respectively aiming to collect annual revenues of 90 million. The former is due... with 5 stars. The estimated annual revenues amount to 74 million. Following the reduction
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Second review to resume in Athens under severe time pressure
EconomyProgrammewill be equally quick and pave the way for eurozone finance ministers to confirm at the December 5 Eurogroup... the International Monetary Fund is demanding an increase in the current cap of 5 percent, while... by the state, an increase in the cap on mass layoffs to 10 percent. In addition, they favour a labour market
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Multi-bill on way as Athens aims to complete third review by Jan 22
EconomyProgramme, the government would like the draft legislation to be tabled by Wednesday, January 10, at the latest..., which is likely to be more than 5 billion euros, and to officially bring the third review to a close... of developments, starting with another bond issue by the government. It is expected that Athens will issue a 5
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Greek banks eye positive market appetite for bad loan sales
EconomyBankingstrategies, resulting in an NPL and NPE ratio of less than 5 percent and 10 percent respectively in the bank... with a goal for it to be concluded by July 2020. The bank will retain 100 percent of the senior notes and 5... a securitisation of 5 billion euros in gross loans and consists of commercial and residential NPEs
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Golden Dawn sentencing excites political controversy
PoliticsGreek Politicsorganisation face jail terms of 5 to 15 years, while those convicted of membership can be jailed for between 5 and 10 years, which can be reduced to between 1 and 5 years or even suspended if the court
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Greek banks look to post-pandemic landscape with ongoing bad loan reductions, moratoria easing
EconomyBankingthat bad loans would reach 10 billion due to the pandemic were revised down to 5 billion... estimate that the pandemic will leave a legacy of around 5 billion euros in new bad loans. This is after... euros of junior notes. Eurobank kept all the senior notes and 5 pct of the mezzanine and junior
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