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  1. Marked improvement for budget execution in Oct, primary surplus outperformance extended

    EconomyMacroeconomy

    is up by almost 1 billion euros, also including the quarterly VAT payment. Total ENFIA revenues... million with the 10-month figure down almost 20 percent to 2.28 billion, 343 million short of target... million below target. For the 10-month period, primary expenditure dropped 7 percent to 31.45 billion

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  2. Meimarakis and Mitsotakis make it into run-off vote for New Democracy leadership

    PoliticsGreek Politics

    ton Syntakton daily on Friday, for instance, showed SYRIZA’s support plummeting to 20 percent... expected numbers meant that polling centers were kept open beyond the 7 p.m. deadline, helping the cash-strapped party gather more than 1 million euros in funds. However, the failure to publish

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  3. Newsletter 61 - 05/02/2016

    Newsletters

    of understanding target for pension cost savings of 1 percent of GDP (1.8 billion) in 2016... any income criteria, while institutions insist on their initial stance this to be granted after 20... it reached 7 billion US dollars for the global refugee crisis. Further consider Turkey, where approximately

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  4. Range of issues unresolved as programme talks resume in Athens

    EconomyProgramme

    yielding 1 percent of GDP (1.8 billion euros) each. Pensions We understand there is a broad convergence on the national pension that would amount to 384 euros for 20 minimum working years... on April 7 and the Eurogroup on April 22. The government aims to secure an initial agreement

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  5. How the pension fund that invested heavily in Attica Bank lost half its reserves

    Agora

    was established in 1934 and retained a very healthy ratio of pensioners versus insured of 1:7 until... by the Bank of Greece (BoG). Following an Extraordinary General Meeting on September 20

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  6. Deadlock at NBG over chairman appointment
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyBanking

    . It is for this reason that NBG had launched a process of reconstituting its BoD on September 7, seeking... and constant review by the SSM. Piraeus Meanwhile, Piraeus Bank announced on November 1 that George... new chairman. He replaces Giorgos Sallas who resigned on July 20. However, Piraeus has not yet

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  7. Newsletter 100 - 16/12/2016

    Newsletters

    , albeit at a much slower pace of 1 percent in September, down from 16.6 percent in August. The absolute... to a drop of 7 percent. Moreover, the corresponding surface and volume figures recorded a bigger... dropped by around 20 billion on the back of a reinstatement of the waiver on Greek government securities

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  8. Newsletter 102 - 13/01/2017

    Newsletters

    the Greek government suggest that the target for completion is the February 20 Eurogroup, rather than... of Greece (BoG) figures showed non-performing exposures (NPEs) edged down by almost 1 percent to 106... by 2.3 percent in November, following a higher rise of 7 percent in the previous month, according

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  9. No return of institutions to Athens yet as differences persist
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    be reached by April 7 or shortly afterward. There was also no suggestion from EU sources quoted... savings of 1 percent of GDP to apply as of 2019, while the government aims for this to be delayed by one... to 20 percent, a relatively small reduction in the single property tax (ENFIA) by 200 million euros

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  10. Newsletter 113 - 31/03/2017

    Newsletters

    reached in time for the next Eurogroup on April 7. Even Greek government sources speaking to the local... from 2020 but the IMF appears to want the measure, worth 1 percent of GDP, to be implemented in one..., PPC’s retail and wholesale market share should be reduced by 20 percentage points by 2017

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