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Greece, eurozone edge closer on pensions and fiscal gap but IMF keeps bar high
EconomyProgramme), with targeted revenues at 100 million. But the VLT launch has been delayed and it is not yet known when this tax will be implemented. 3) Increase in the income tax rates for farmers (estimated revenues
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NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions
EconomyBankingprovisions related to a new voluntary retirement scheme to be implemented within 2016 3) Other... bps in 2016 and around 100 bps over the medium term. On the asset quality front, non-performing loan
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Revenues of 1 pct of GDP targeted from changes to income tax and solidarity levy
EconomyThe government and the institutions have broadly agreed that circa 1 percentage of the anticipated fiscal gap of around 3 percent of GDP by 2018 would be covered by the overhaul of the tax system... and pensioners to 9,100 euros from 9,550 euros resulting in higher tax burden of 100 euros for those with annual
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Greek stocks advance 2.6 pct for second straight week on improved investor sentiment
Economyon a fiscal gap of 3 percent of GDP by 2018. Upcoming discussions will focus on agreeing... percent to almost 100 million. OPAP net profit declined 32.1 percent to 52 million in Q4 from 76 million
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Government faces tight schedule for amendments to bailout legislation
EconomyProgrammethe preferred bidder in November 2014 for the sale of 100 percent of its shares and the right... corporations have another 3 billion euros of state guarantees and private corporations 1.6 billion
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S&P affirms Greece’s rating with stable outlook
Economyfalls below 100 percent. S&P views the last Eurogroup proposal on gross financing needs (GFN) relief... growth of 2 percent in 2017, 2.5 percent in 2018 and 3 percent in 2019. On the banking sector, the rating
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Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
EconomyBankingby a rise in core expenses by 3 percent. Net interest income (NII) edged up by 1 percent QoQ to 484 million.... Gross loans slipped by more than 100 million euros QoQ to 66.19 billion, while deposits increased
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Piraeus Bank posts net profits of 31 mln in Q3, records improved asset quality trends
EconomyBankingand 172 bps in Q1 on improved asset quality. The bank expects cost of risk of around 100 bps in 2017..., from 4.7 billion in June, at a cost of -3 bps. Loans and deposits Ongoing deleveraging led gross
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IMF far more pessimistic than eurozone on Greek debt, urges significant relief
EconomyProgramme, additional bank recapitalisation needs of 10 billion, privatisation proceeds of 3 billion by 2018... the debt-to-GDP ratio to fall below 120 percent by 2030 and slightly over 100 percent by 2040, while
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Stocks rebound by 0.7 pct for third straight week amid light trading activity
Economypercent), Alpha (+3 percent), National Bank – NBG (+2.9 percent) and OPAP (+2.9 percent). In contrast.... The Public Power Corporation (PPC) said it repaid bonds worth 100 million euros. The company also
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