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Parties' competing tax pledges come up against challenging reality
EconomyFeaturesand their practical feasibility. Tax base A total 8,907,722 individuals declared income in the tax year 2017... an increase of 7 percent in the number of declarations over 2012. However, total taxable income fell... on an individual basis fell from 11,500 euros in 2012 to 9,015 in 2017, a drop of 22 percent. Total income tax
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Newsletter 239 -14/02/2020
year except for 2014. Total hirings came to 177,632 versus 194,950 departures. Around 59 percent... bln to Dec Figure for new debt drops by 26.7 percent compared to 2018 The total for new and legacy... categories showed a rise of 1.03 billion month-on-month in December, bringing the total to 7.50
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Post-Covid era dawns on new landscape for bad debt in Greece
EconomyFeatures(the ratio of bad debt to the total stock of debt) reached its lowest point on record at 5.2 pct... of the total at the end of 2018. Cleaning up the banks’ balance sheets became a policy priority... their balance sheets of 9.3 billion euros of non-performing consumer loans (61 pct of the total
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Greek banks' equity raising could keep official support to a minimum
Economytheir capital base by around 9.7 billion in total from private investors, of which 3.5 billion relates.... The remaining 2 billion to cover the total capital needs of 4.6 billion will be covered by the HFSF... million. NBG has called an EGM on November 17 to approve a total capital strengthening by 4.6 billion
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Eurobank gears up for crucial but contentious capital increase
EconomyBanking. The total amount of the two transactions completed in late March and the two upcoming equity offerings... a share capital increase that will ensure its capital adequacy but which has many opponents due...) at Eurobank approved on April 12 a capital increase of 2.86 billion to address its 2.95 billion capital
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Bank of Greece decision bolsters Greek lenders’ capital ratios
EconomyMacroeconomyrecognition. The total DTA consideration is worth 9.3 billion euros and the remaining DTA to be recognised... on their capital ratios effective in the fourth quarter of 2013. The banks’ index jumped 2.4 percent... exercise (disclosed on December 16), which provided updated capital data according to uniform
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What the ECB's latest decision on ELA and collateral haircuts means for Greek banks
Economyof total ELA-eligible collaterals, at 45 and 30 percent of total respectively. Taking into account the breakdown of total collateral by type, the collateral poll is almost equally split between state..., the total figure stands at 115 billion. Assuming an average haircut of 40 percent, the nominal
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Business landscape dominated by SMEs, six in 10 workers earn below 1,200 euros
EconomyMacroeconomyof companies employing between 1-10 employees, with 267,245 companies out of a total of 304,568 registered companies in 2025. The total number of companies increased in 2025 by 3,454. Another 10.4 pct... 15 pct of the total. Another 11 pct of total employees is employed by firms with 5-9 workers. Some
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Where Greek banks stand ahead of capital needs disclosure
Economyof the Blackrock loan diagnostic and their individual capital needs. Reports indicate that the total... the rounds in the last few months. Same reports point to higher capital shortfalls for Eurobank and National... in their business plans until 2017. The capital needs will reportedly be based on the baseline (rather than
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OECD advocates closer look at health and capital quality of Greek banks
EconomyBankingwill bring in reducing NPEs by 30 billion euros, 40 pct of the total, by using 12 billion euros... come about in the Greek financial sector. Deposits have increased by 21 pct since 2017, capital... provisions for the stock of bad loans, the return on assets is improving. Capital ratios are also above
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