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What is in SYRIZA's 3-pillar programme to overcome the crisis?
Economyimpact of the recession and austerity measures. Its cost is estimated at 1.86 billion euros. The key interventions involve: 1) Subsidized meals for 300,000 poor families (estimated cost at 756 million). 2... security contributions with an estimated cost of 6.5 billion euros, which is the highest of the three
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A closer look at Greece's revised proposals to lenders
EconomyProgrammeand 1.3 percent of GDP respectively. These measures mainly aim to cover the higher fiscal gap estimated... percent, with estimated revenues of 450 million in 2016. 2) Taxation of 30 percent on gross gaming revenues of VLTs with estimated revenues of 35 million in 2015 and 225 million in 2016. This relates
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Greek economy surprises in Q3, eases by a marginal 0.5 pct
EconomyMacroeconomyStatistical Authority (ELSTAT) flash estimates displayed on Friday. The headline figure for Q3 indicates... flash estimates will be revised upon the release of provisional estimates on November 27, also taking... as well as the turnover indices for the service sectors. The flash estimates also showed GDP slipped
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Greek tourism's long-term growth prospects are good, report shows
EconomyMacroeconomyto grow by 2.2 percent in 2016, with estimated international tourist arrivals at around 25 million. WTTC estimates arrivals will reach almost 38 million in 2026, generating expenditure of 23.3 billion...) in 2015 and is estimated to fall by 0.5 percent to 13.2 billion in 2016, according to the annual
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Q4 GDP contracts 0.4 pct QoQ, growth of 0.3 pct in 2016
EconomyMacroeconomy, the Hellenic Statistical Authority (ELSTAT) flash estimates revealed on Tuesday. The headline figure for Q4... it started to rebound in the next two quarters. ELSTAT said flash estimates are expected to be revised upon the release of provisional estimates scheduled on March 6 including updated figures for December
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EC expects Greek GDP to drop by 9.7 pct for biggest fall in EU, before strong rebound in 2021
Economyspending, thanks to various support initiatives that the Commission estimates at 6.9 pct of GDP... months and the exposure to travel restrictions makes its estimates subject to downside risks as even a small extension of those restriction will have a disproportionately large effect on the estimates
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How Greek banks moved into a new era
Agora, with banks’ current estimates pointing to a peak of the NPL ratio close to the end of the year easing... this year. Current consensus estimates point to a loss-making year for all banks except National, while... was estimated at 5.8 billion under the binding baseline scenario and at 8.8 billion under
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Piraeus Bank brings Q1 2015 losses down to 69 mln
EconomyBanking. The bank estimates synergies of 10 million and positive liquidity of 0.3 billion due to the acquisition... Ahli Bank of Kuwait for a consideration of 150 million dollars. The bank estimates... cash buffer is estimated at 12 billion based on the current collateral valuation and haircut regime
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Greek 2016 draft budget contains 6.4 bln in new fiscal measures, sees recession ahead
EconomyMacroeconomy. The key macro assumptions and fiscal estimates in line with those agreed with the institutions in mid.... For 2016, GDP is expected to slip to 173.37 billion. Fiscal estimates The primary balance based on the Economic Adjustment Programme (EAP) methodology is estimated to show a deficit of 418 million
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Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
EconomyBankingestimates CoR to land at 140 bps for the whole year. Cumulative provisions marginally fell to 17.31.... Based on current collateral valuation and haircuts, Piraeus estimates its ELA collateral buffer... in the departure of around 1,000 full-time employees with the annual benefit estimated at 40 million
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