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The key elements of the draft agreement between Greece and lenders
EconomyProgrammeby June 2017, which is crucial for the calculation of the single property tax (ENFIA). As a prior action... a period of 30 days is set to at least 10 in companies employing more than 20 and less than 100 workers... single body for social security (EFKA). In addition, the elimination of the solidarity grant (EKAS
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Compromise proposal on table ahead of Friday's Eurogroup
EconomyProgrammeeuros for a single person to 5,900 euros, entailing a cut in the corresponding tax credit from 1,900... reduction in the single property tax (ENFIA) by 5-10 percent and a cut in the personal income tax rates... the 0.5 percent target but even the 3.5 percent goal set for 2018.
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Eurogroup stresses need for quick review, leaves some issues open
PoliticsGreek Politicsthe end of the ESM Program, to ensure that the resources set aside for bank rehabilitation.... Coeure, however, indicated that the stress tests organised by the Single Supervisory Mechanism (SSM... that can answer on the asset review, which is the single supervisory board of the ECB. They’ve made
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Mitsotakis pledges tax cuts and reforms, hopes for lower fiscal targets
PoliticsGreek Politicsat the Thessaloniki International Fair (TIF) last weekend and set out his proposals, which included lower taxes... not increase a single tax,” he said. “Instead, it reduced public spending even though it was in a difficult... an understanding with,” he said. He also gave a single-word respond to a question about allying with ANEL
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Banks enhance steps to deal with NPLs ahead of stress test
EconomyBanking(compared to 65 percent today), after any outstanding single property tax (ENFIA) payments have been... as an additional measure alongside the electronic auctions of repossessed properties, which are set to begin... as their obligations to the single social security fund (EFKA).
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Banks meet NPE reduction targets in Q3, adjust targets for next two years
EconomyMacroeconomyto the end of September. This quarter’s sales was largely composed of one particular sale by a single... their NPE targets submitted last September to the Single Supervisory Mechanism (SSM) of the ECB by 1.1... in the corporate and consumer portfolios. Write-offs are set to be accelerated primarily
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Coalition suffers space agency misfire
PoliticsGreek Politics. Pappas insisted that not a single euro of taxpayers’ money has been spent on the space agency yet... In the meantime, the process of moulding the merging of Greece’s centre-left into a single and unified... will be to set up KINAL’s local and regional structure as the party takes further steps towards being
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Questions persist about timing of general elections
PoliticsGreek Politicsto make it clear if the European Parliament elections will be held using a closed list or a single... a single transferrable vote scheme, which means that the candidates who garner most votes from each... elections, it will quash the impression that the conservatives are set to stroll to victory and prove
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Eurobank net profits from continued operations fall by 12.2 pct in 2018
EconomyBankingof 2019” and that the pile would be further reduced to single digits by 2021 with an NPE deconsolidation of approximately 7 billion in a single transaction to the SPV, which the bank will securitise... with Grivalia is set to leave Eurobank with the highest total capital ratio in Greece. P&L NII rose
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Piraeus confirms deal with Intrum for 27bln in NPLs as Eurobank launches SPV
EconomyBankingpurchase price for Ιntrum’s acquisition of the majority share of the platform has been set at 328... to single digits by 2021, with an NPE deconsolidation of approximately 7 billion in a single
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