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BoG stresses more work needed on NPE reduction, pushes bad bank idea
EconomyBanking(36 pct, or 38.7 billion). The NPE movements during 2019 were driven by sales of 8.1 billion... from this transaction, the reduction was 1 billion euros, mostly led by 600 million euros in write
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General govt primary cash deficit of 7.46 bln in June, arrears drop by 10 mln
EconomyMacroeconomy), extrabudgetary funds (-36 million) and state budget (-11 million). At 30.7 percent of the total, hospital... euros and Bank of Greece funding rose by 1 million to 1.44 billion. Guarantees The stock of gg
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Overdue social security contributions rise to 37 bln in Q2
EconomyMacroeconomyeuros which is 11.4 percent of the total. This is followed by those owing over 1 million euros, which stand at 2,013 (+36 individuals QoQ) which represent just under 12 percent of the total unpaid SSC
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Insolvency bill debate brings implementation challenges to the fore
PoliticsGreek Politics, but they would not lose basic rights such as the license to practice a profession. After 36 months... to start, rather of January 1. The association argues that two months does not provide a realistic
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Cabinet reshuffle and Covid-19 strategy dominate agenda for start of 2021
PoliticsGreek Politicsthat the reductions in social security contributions for employers and employees kicked in on January 1... the weekend (36 on Sunday, with another 421 people in ICUs) and Petsas said that all schools will open
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BoG warns pandemic will leave trail of bad loans, hastening need for new tools
EconomyBankingof September 2020, they stood at 58.7 billion, or roughly 36 pct of the loan portfolios. BoG adds that despite... provisions, resulting from 1 billion due to downward revised macro assumptions, 1.5 billion euros linked
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Newsletter 279 - 05/03/2021
. On Thursday, vaccinations surpassed the landmark figure of 1 million doses nationally. Nevertheless... will be reduced to 36 percent from 47 percent, while the NPE coverage ratio will increase to 47 percent
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Under scrutiny, government defends vaccine strategy
PoliticsGreek Politicsthat just over 1% of the population is being vaccinated each day. Over the last couple of weeks, more than... of and that a second group of 36 islands will be completed by the end of May. He argued that a “wall
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Launch of new insolvency process may carry political significance
PoliticsGreek Politicsof their debts within 36 months. Any debtor who chooses not to take up either of these two options... time. The online platform for applications is due to open on June 1 and the government is presenting
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Newsletter 299 - 04/06/2021
to their assets being liquidated, setting them on a path to being free of their debts within 36 months... on June 1. The forming of the state body that will purchase and lease back the properties
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