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National Bank starts 2014 posting net profit of 181 mln in Q1
EconomyBankingby a modest 3 percent year on year (YoY). The latter mainly reflects a boost in trading income to 44... income (NII), the group figure fell 3 percent YoY and QoQ to 751 million, dragged by Finansbank’s weaker...) improved by 6 bps to 2.66 percent. In contrast, Finansbank’s NIM headed south for the third
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Greece's extension proposals to the Eurogroup and what they mean
PoliticsGreek Politicseconomic situation.” Greece does not clearly commit to the 3 percent primary surplus target for this year.... In addition, the government agrees to ensuring that any new measures should be fiscally neutral. 3....” SYRIZA had noted in its pre-election programme that 3 billion euros of the HFSF capital buffer of 11.4
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Greece submits reform proposals but Eurogroup unlikely to be moved
EconomyProgrammeindependent and/or regulatory entity. 3. The third reform is linked to revenue administration.... Although Valavani had indicated the government would target revenues of 3 billion, the list does... market of online gambling in Greece exceeds 3 billion annually. According to the Greek authorities
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New fiscal measures aim to edge Greece closer to deal with lenders
EconomyMacroeconomy) and more than 5 billion (3 percent of GDP). According to local media, the measures... brackets respectively. 3) Extraordinary levy on the 500 most affluent Greek citizens. 4) Increase... that the implementation of both of these pledges will have to be delayed. 6) An accommodation tax
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Proposed VAT overhaul a stepping stone towards agreement with lenders?
EconomyProgrammehotels, a 3 percent tax on food services and 6 percent tax on specific purchases on islands... card, the new VAT rate of 18 percent will be reduced by 3 percentage points (pp) to 15 percent. A low... of 3 pp on VAT for almost all product and services when customers use their cards is mainly
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Draft bill sees millions in savings and revenues from variety of bailout interventions
EconomyProgrammeto the amounts paid out in pensions to early retirees before and after they reach 67. The savings are seen at 3... income) is anticipated to result in incremental revenues of 370 million for 2015. 3) The increase... discount for upfront payment of income tax would increase revenues of 28.6 million as of 2016. 6) The GAO
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Latest polls add to uncertainty ahead of Sunday's elections
PoliticsGreek PoliticsG Dawn 6.5 KKE 5.5 PASOK 5 Potami 5 Centrist Union 4 Popular Unity 3 Ind Grks 2.5 #Greece... KKE, PASOK & Potami 5 Centr Union & Popular Unity 3 Ind Grks 2.5 Und'd 15 #Greece — MacroPolis... 5.5 Potami 5 Popular Unity 3.5 Centrist Union 3.2 Ind Grks 3 #Greece — MacroPolis (@MacroPolis_gr
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Draft budget sees primary surplus at 1.8 pct of GDP in 2017, revenue interventions of 2.5 bln
EconomyMacroeconomy) Change in rates and extension of solidarity levy (678 million) 3) Increase in the excise tax...) Increase in the excise tax on tobacco products, including electronic cigarettes (142 million) 6) Income... pensions (265 million) 3) Granting social allowances for a total amount of 871 million in 2017, which
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Newsletter 220 -20/09/2019
almost 3 billion euros to the International Monetary Fund, a move the government hopes will leave... activity this week centred around plans to pre-pay almost 3 billion euros to the IMF ahead of schedule...’ approval put the process on hold. Greece’s quota with the Fund is just above 3 billion euros
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EU's temporary framework for state aid in response to Covid-19 outbreak
Legal(the “Temporary Framework”). The Framework is based on Article 107(3)(b) of the Treaty... justification and provided that proportionality of the aid remains assured. 3. Loans at Preferential... not receive unemployment benefit. 3. Measures concerning freelancers, self-employed and sole
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