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Greece submits proposals to lenders in hope of paving way for agreement
EconomyProgrammewill legislate to eliminate opportunities for income tax avoidance, require 100 percent advance payments... expenditure by 100 million in 2015 and 200 million in 2016 compared to 400 million in the institutions... revenues estimated at 200 million 2) Increase the corporate tax rate by an additional one percentage point
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Crumbling Greek pension system threatens big fiscal gap, budget derailment
Economyin the relevant pension cost reportedly stands at around 2 billion on an annual basis. Contribution arrears SSFs... arrears in 100 instalments that was launched in May. So far, a total of 6.1 billion euros... (mainly hospitals), 2.47 billion to private sector suppliers and more than 100 million to insured
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Eurobank presents 2.12 bln equity raising plan to cover capital needs
EconomyBankingsecurities exchanged at 100 percent of nominal value, 267 million to Tier 2 securities (at 80 percent... (1:100) will take place concurrently with the capital increase. This is inevitable since the current
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Newsletter 57 - 08/01/2016
the advance corporate income tax has risen to 100 percent, from 75 percent. For the self-employed, there is a similar increase in their advance income tax, from 55 to 75 percent, and further to 100 percent... to growth and reflected higher production. 2 Elusive search for a saviour Despite disappointments
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Gov't lowers tax-free threshold, prepares for third pillar of measures worth 1 pct of GDP
EconomyProgrammetax-free threshold entails an extra annual tax burden of 100 euros for families with two children... included revenues of 100 million euros from a 30 percent tax on OPAP Video Lottery Terminals (VLTs... Introduction of a hotel overnight stay tax ranging between 2 euros for hotels with two stars up to 5 euros
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Deal for Hellenikon sealed; gov't sees improved terms, economic boost ahead
Economyfor the acquisition of 100 percent of Hellenikon SA as well as for the acquisition of 30 percent of the land and the right for development and management of 100 percent of the land for 99 years. The MoU... euros, 2 billion higher than the 6 billion envisaged in the initial agreement. In addition, 80 percent
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Greek stocks fall 1.5 pct, banks underperform for third straight week
Economyannounced on Monday it completed the sale of 100 percent stake in ATE Insurance to ERGO International... it acquired a stake in Brazil’s Cimento Apodi for a cash consideration of around 100 million dollars... net profits by 33.6 percent to 19.4 million with revenues up by 2 percent to 262.6 million, while
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Signs of optimism in Greek banks' Q2 results but NPL challenge lies ahead
Agoraformation of just 2 million euros in Q2. Overall, the four banks recorded a negative NPL formation... also fell by 100 million in the course of Q2. On the flipside the NPE stock of Alpha and Eurobank rose by less than 100 and 300 million euros respectively in Q2. Overall, the NPE ratio remained stable
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The key elements of the draft agreement between Greece and lenders
EconomyProgramme) Rationalisation of welfare benefits based on the recommendation of the social welfare review 2) Abolition... a period of 30 days is set to at least 10 in companies employing more than 20 and less than 100 workers, at least 10 percent of the workforce for firms employing between 100 and 300 employees and at least
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Newsletter 130 - 04/08/2017
recorded a deficit of 100 million compared to a surplus of 55 million last year The primary surplus... for the payment of overdue SSCs in up to 100 installments. The collection of contributions remained above... billion to 38.9 billion until September 7. 2 Retail sales grow by 0.4 pct in May Seasonally adjusted
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