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Omnibus bill goes to Parliament as Greece seeks to unlock 2 bln sub-tranche
EconomyProgramme, retrospectively as of January 1, 2015. 8) Tightening of the legal framework for tax evasion, particularly for unpaid VAT above 100,000 euros and 150,000 euros for other taxes 9) Change in the legal
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The key points in Greece's new bank recap bill
Economy(previously until the end of 2014), 8) HFSF capital is set at 50 billion euros and its tenure is until the end of June 2017. The Finance Minister may extend it by up to two years. 9) The compensation
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National Bank reveals capital plan, which includes sale of whole Finansbank stake
EconomyBankingcapital support instrument bearing an annual coupon of 8 percent, which in NBG case means an interest... billion, CET1 capital 9 billion and CET1 ratio 14.5 percent. Note, though, that the bank holds a total
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Greece receives list of milestones for next bailout sub-tranche
EconomyProgrammeproducts. 8) Issue of a ministerial decree for the reestablishment of the inter-ministerial committee for restricted professions. 9) Interventions in the projects that are co-financed by EU structural
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Notable increase in grants to social security sector leads to budget primary deficit in Nov
Economy(at 41.5 percent of the full year target of 130 million) 8) Consumption and non-allocated expenditure (at 55.4 percent of the annual target of 1.57 billion) 9) Agricultural subsidies (at 69.3 percent
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Gov't submits reform plan that raises contributions and cuts future pensions
EconomyProgrammecompared to the current pension system. 8) The upper pension limit is set at 2,300 euros and at 3,070 for multiple pensions. 9) The currently paid pensions will be recalculated but if the new pension
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The pension and revenue interventions Greece has to make to meet its 2016 fiscal target
EconomyProgrammepercent on OPAP Video Lottery Terminals (VLTs) with estimated revenues of 100 million. 8) A series... rates (32 million) and abolition of subsidies for excise tax on diesel oil (13 million). 9) Increase
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Greek pensions: The unsolvable equation
Agora. Even after 9 billion euros of transfers from the state, just months before Greece lost market access... transfers for social security, excluding state pensions, to 13.9 billion euros, or around 8 percent... took a major hit not only as a result of people dropping out the labour force en masse but also due
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Newsletter 63 - 19/02/2016
, Eurobank is due to publish results on March 2, followed by Alpha and Piraeus on March 3 and 9..., with private investors injecting 8 billion in banks’ share capital and state aid reaching 5.4 billion
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Greece seeks to finalise 1 pct of GDP in new tax measures to close review
EconomyMacroeconomy) Rise in the levy on mobile telephony, with targeted revenues at 50 million. 8) Imposition of new... also be introduced. 9) Increase in the excise tax on natural gas, with estimated revenues of 25 million
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