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Finance Ministry seeks solutions to address growing housing problem
Economyprogrammes, such as “My Home 1”, “My Home 2”, “Renovate - Rent”, the return of one month's rent every
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A closer look at Greece's revised proposals to lenders
EconomyProgrammerebates with estimated revenues of 140 million per annum in 2015-16. 5) Administrative dispute settlement... and 1.3 percent of GDP respectively. These measures mainly aim to cover the higher fiscal gap estimated... percent, with estimated revenues of 450 million in 2016. 2) Taxation of 30 percent on gross gaming
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Updated Stability Programme reflects impact of crisis as growth revised to 3.1 pct, rising in 2023
EconomyMacroeconomygrowth estimate in the final budget for 2022. Harmonized inflation is also significantly revised... and then close to the agreed levels with the lenders of a surplus in the region of 2.2 pct, rising... inflation is 2 percentage points above the latest estimates, and a benign one where inflation
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Banks meet NPE reduction targets in Q3, adjust targets for next two years
EconomyMacroeconomy) reaching 64.6 billion in 2019. This is around 2.2 billion euros more ambitious than the previous... conservative estimate of a 1.2 billion increase between Q2 2017 and the end of 2019. Curing is seen as falling by 2.5 billion due to higher sales and loan write-offs. These estimates are driven by BoG
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Newsletter 435 - 04/10/2024
once again to revise down its growth estimate for this year to 2.2 pct, when in the final 2024 budget... growing by 6.7 pct this year. Real GDP growth estimates also moderate further from 2027, when... years is due to receive some sizable military orders estimated at 4 billion euros for warships
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Mitsotakis makes new bid to break deadlock with farmers as govt ponders relief measures
PoliticsGreek Politicsas the government grapples with farmer protests and broader cost‑of‑living pressures. In the vote estimate... parties register modest support: MeRA25 (2.7 pct), Movement for Democracy (2.2), Voice of Reason (2.1..., the Finance Ministry is taking a conservative stance and estimates that there is fiscal space of 800 million
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Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
EconomyBankingestimates CoR to land at 140 bps for the whole year. Cumulative provisions marginally fell to 17.31.... Based on current collateral valuation and haircuts, Piraeus estimates its ELA collateral buffer... in the departure of around 1,000 full-time employees with the annual benefit estimated at 40 million
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Greece reignites energy alliance talks with Israel and Cyprus amid US interest
PoliticsForeign Policyof President Trump, diplomatic sources acknowledge. Libya One country that is at the centre of interest for both Athens and Washington is Libya. The US is already including the North African country in a 4+1..., Turkey and Libya, aiming at resolving maritime disputes and, more specifically, the delimitation
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Greek housing market at new juncture as Covid-19 shakes foundations
EconomyFeaturesfalling by 2.2 percent in 2017 and 3.2 percent in 2018, remaining stable in the first 7 months... availability of long-term rentals. According to one estimate published by rental platform.... It is estimated that the golden visa programme attracted upwards of 2 billion euros of foreign investment
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The measures Greece is proposing to secure troika's return
EconomyProgrammeat 2015 levels. Cost savings are estimated at 50 million euros for 2016 and 140 million for 2017. MoF... with estimated revenues at 350 million. The Finance Ministry (MoF) acknowledges that this measure would seriously.... Crosschecking of family allowances granted to pensioners, with estimated cost savings of 23 to 37
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