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  1. Referendum call stretches state liquidity, pensioners first to bear the brunt
    Photo by Damian Mac Con Uladh

    EconomyProgramme

    will open for three days starting from Wednesday to pay pensioners without cash cards. However.... The second largest pension fund - self employed (OAEE) - said it was not able to pay in full pensions... amount is due to paid at the end of this month. On top of pensions, the government has to pay the first

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  2. Cabinet act firms up details of CoCos issuance by Greek banks
    Bank of Greece

    Economy

    not pay the annual coupon in two anniversaries, not necessarily consecutive. CoCos holders do not have... is at the discretion of the bank’s BoD, which may also decide to pay the coupon in the form of common shares... bank share price. If a bank decides not to pay the annual coupon on CoCos, then it is obliged

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  3. SYRIZA fails to make any friends with new public sector wage grid
    Photo by MacroPolis

    PoliticsGreek Politics

    of a total of 567,000 civil servants receiving pay rises of between 15 and 80 euros, spread out over... that this was not the major intervention in public sector pay that SYRIZA had hoped to make “but it stops... pay increases. The government has failed to convince the public sector workers’ union ADEDY that its

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  4. A breakdown of the 5.4 bln in measures that form basis of agreement between Greece and creditors

    EconomyProgramme

    levies on pay TV and on bank cheques or bank transactions. Personal income tax A new unified tax... percent of self-employed with income below 32,000 euros would pay lower income tax with the new tax... retirement pay amount exceeds 1,300 euros, rise in contributions for supplementary pensions by 1

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  5. Review delay brings Greek liquidity needs back into focus
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    Greece has to pay 6.46 billion euros for GGB redemptions (4.03 billion to the ECB and 2.43 billion... in GGBs held by the ECB are due. Greece also has to pay 620 million in March, mostly to private investors... Greece is obliged to pay back to the European Stability Mechanism (ESM) 1.6 billion euros

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  6. ECB survey shows enduring preference for cash payments in Greece
    Photo by Pavlos Svoronos/Fosphotos

    EconomyFeatures

    other country surveyed to pay electricity bills in cash (56 percent). Around 85 percent of Greeks... choose to pay with, given the choice. When asked to pick between the various payment methods offered in a shop, 43 percent said that they would choose cash, 39 percent said they would pay by card

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  7. Self-employed paying less for social security contributions, Labour ministry reports
    Photo by MacroPolis

    EconomyFeatures

    Data from the Labour Ministry has shown that a higher percentage of non-salaried workers will pay... percent of farmers will pay the minimum contribution of 95 euros (89 percent in 2017), due to the fact.... The number of self-employed persons obliged to pay social security contributions rose by 23,588

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  8. Newsletter 205 -10/05/2019

    Newsletters

    to pay their dues in up to 120 instalments after being granted a reduction of the original amount... of their monthly retirement pay. For those earning 501 to 600 euros, the amount paid out will be 70 percent.... Of this available funds, 3.6 billion euros will be used in the coming weeks to pay off part of Greece’s loan from

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  9. Government braces for reaction to pension bill
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    to the pension system since the crisis began more than a decade ago that would lead to retirement pay rising... & Merchants (GSEVEE) complained recently that 55 percent of the self-employed would have to pay more under the new scheme, while 45 percent would pay less. The group added that the self-employed on low income

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  10. Newsletter 389 - 14/07/2023

    Newsletters

    an omnibus bill that ranges from the new pay scale in the public sector to the extension of some... the end of its new term, but it was quick to shut these claims down with a new pay scale that has a fiscal cost of some 500 million euros annually and intends to reward low pay civil servants and those

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