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BoG report highlights economic challenges, proposes way forward
Economythat the European Commission estimated in its latest post-programme report in the volume of 1 percent... confirmed while capital adequacy remains satisfactory at 15.5 percent, with the Common Equity Tier 1
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Industrial production falls by 1.2 pct in May
EconomyMacroeconomy(+1.6 percent) and capital goods (+1 percent). A drop of 10 percent was noted in energy production..., industry confidence has improved by 1 point. Additionally, Markit’s manufacturing PMI came to 52.4
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New Democracy tax pledges put spotlight on available fiscal space
EconomyProgrammebring in just over 1 billion euros in revenues each year. Mitsotakis also declared his government’s... to allow any firms that owe up to 1 million euros to the state to join the scheme. Regling
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ND prepares first three bills for votes before Parliament's summer recess
PoliticsGreek Politics80,000 to 1 million, which relates to 1.5 million middle class taxpayers, and 10 percent for the 14,706 people who own property worth more than 1 million euros. Interior Minister Takis Theodorikakos
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ND sees first tax cuts as fair, hopes to build case for lower fiscal targets
PoliticsGreek Politics, pointing to the 10 percent reduction in ENFIA for properties worth more than 1 million euros. SYRIZA... of taxpayers own properties worth more than 1 million euros. Vesyropoulos gave examples of how much
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ND moves on to next bill after first round of tax cuts approved
PoliticsGreek Politicsmore than 1 million euros are less than 15,000 of 7.3 million taxpayers in total and that their tax... will be reduced from 5 percent to 3 percent. Furthermore, business that owe up to 1 million euros
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Falling T-bill yields underline market confidence in Greek debt, promise lower servicing costs
Economy, Greece could issue 26-week T-bills just short of 1 percent with the eight issues of this duration... for the 52-week T-bills, which closed 2018 with a yield of more than 1 percent, to drop under 0.5 percent
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Central government debt down to 356.55 bln in Q2, average maturity tops 20 yrs
EconomyMacroeconomyshowed that long-term (over 5 years) debt made up 76.6 percent of the total, while short-term (up to 1 year) and medium-term (1 to 5 years) debt accounted for 13.4 and 10 percent of the total figure
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Capital controls to be abolished ahead of schedule
EconomyBankingChristos Staikouras said that all restrictions currently in place would be lifted on Sunday, September 1... per customer every two months, effective from July 1, 2018. Most significantly, businesses were
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Alpha Bank posts net profits of 59.4 mln in Q2, NPE sales worth 3.7 bln planned for remainder of year
EconomyBankingfor Eurosystem funding is made up fully of European Central Bank funding. As of Q2, ECB funding rose by 1... percent compared to 104 percent in Q1 2019. Capital The Common Equity Tier 1 (CET1) ratio stood
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