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Greece sends reform list to creditors, here's an outline of what it's likely to contain
PoliticsGreek Politicsthe humanitarian crisis. The cost of those measures was initially estimated by SYRIZA at 1.86 billion and relate to the following initiatives: · Subsidized meals for 300,000 poor families (estimated cost... 30,000 apartments with a rent subsidy of 3 euros per square meter (54 million). 2) A large part
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Multi-bill tabled in Parliament, paves way for sale of NPLs
EconomyProgramme, the relevant cost ceiling is set at 570 million euros for 2016 and will be lowered by 20 million per annum for 2017 and 2018. The GAO report notes that the total amount of cost saving is projected at 137 million... in position allowances. The total annual cost of these changes is estimated at around 300 million
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Pension and income tax reform bill sets out 4.4 bln in new measures
EconomyProgrammeof just 56 million euros. At the same time, the abolition of the levy of 0.05 euros per column on OPAP... report also details the impact on revenues and cost savings from the interventions in the pension... (1.56 percent of GDP) by 2018. More than three-quarters (2.11 billion) of this relates to cost savings
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Encouraging signs for Greek banks in Q1 results but NPL management looms large
Agoraby 2.7 billion euros QoQ coupled with lower time deposit cost, which more than offset the reduced loan... improve NII to a total (waiver and haircut) benefit of around 100 million euros per annum. Our... capacity on 32.5 billion euros in the TLTRO-II operation, they would have access to liquidity at a cost
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Alpha Bank reports net profits of 20 mln in Q4, leading full-year earnings to 42 mln
EconomyBanking1.8 percent QoQ to 490.1 million in Q4 as the lower wholesale funding cost more than offset weaker... with the bank’s target of 1.12 billion. The key driver for the cost containment was the further decline... to 1.17 billion from the exceptionally high figure of around 3 billion in 2015. As a result, cost
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NBG reports net loss of 163 mln in 2017, bad loans continue to fall
EconomyBankingon an annual basis largely reflects personnel cost containment of -10.9 percent during the year. Impairment losses rose by 29 percent QoQ to 200 million euros, corresponding to a cost of risk (provisions over net loans) of 241 bps versus 238 bps in Q3. Management noted that the cost of risk
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Newsletter 219 -13/09/2019
to the corporate tax rate will cost 600 million euros. Bringing dividends tax down from 10 to 5 percent... is due to be introduced next year, will cost 180 million euros. The reduction of social security contributions, which is set to begin next summer, has an estimated cost of 200 million euros. The total
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Newsletter 279 - 05/03/2021
euros per week. This is a double whammy for the government because retailers are becoming... of 5.5 percent. 2 PMI dips to 49.4 points in February Cost burdens pile up Greece’s manufacturing PMI.... Substantial supply chain disruption resulted in soaring cost burdens in February, with cost inflation
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Mitsotakis pledges more help to tackle inflation, calls for EU price cap on natural gas
PoliticsGreek Politicsan additional support package to counter the cost-of-living crisis, which remains a key threat... risen above 2 euros per litre and household electricity bills were up by an average of 27 pct...-off handout to vulnerable households to help mitigate the rising cost of living. Developments over
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Newsletter 332 - 18/03/2022
this week in its bid to beat the cost-of-living crisis as officials announced a new, 1.1-billion-euro... attacks from the opposition, which has already been critical of New Democracy’s approach to the cost... as the price per ton has jumped to 450 euros, from 300 euros before the Russian invasion. Officials are also
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