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Greece's fiscal, debt and funding goals as set out at Eurogroup
EconomyProgrammeproceed on its own with a plan for taxpayers to settle their debts in up to 100 instalments, which... an interest of around 2.5 percent, have a maturity of 39 years and amortize from 2023 until 2054. 2... execution showed a revenue shortfall of 2 billion euros as of January and Varoufakis suggested
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The key points from lenders' proposals to Greece
EconomyProgrammeprimary surplus targets of 1 percent of GDP for 2015, 2 percent for 2016, 3 percent for 2017 and 3.5... for corporate income tax from 55 to 100 percent, abolition of subsidies for heating oil and for excise... for everybody retiring after June 30 2) Consolidation of all supplementary pension funds
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Greek stocks rise by 16 pct during week on hopes of deal in Brussels
Economythen the market slightly corrected on Wednesday and rebounded by more than 2 percent on Friday ahead... of these days. In the following two days it stayed close to 100 million, while fell to 65 million.... The dividend is due to be paid on July 2. Next week Public Power Corporation (PPC), Piraeus Bank
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Greek deposit rate almost stable, loan rate slightly up in May
EconomyMacroeconomyin the time deposit rate led the weighted average rate on new deposits down by 2 bps to 1.10 percent... over 1 million to 4.68 percent, which is the lowest reading since October 2010. 2) A rise by 47 bps... and almost 100 bps above the eurozone average rate. The interest rates in consumer loans showed mixed
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This is what's in the legislation Greece has to approve by Wednesday night
EconomyProgramme. At the same time, the advance payments for corporate income tax increases from 80 to 100 percent... the solidarity levy rate remains unchanged at 0.7 percent applied to the whole amount 2) Between 20,000... to 2 percent (from 1.4 percent before) 4) Between 50,000 and 100,000 euros, the rate rises to 4
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NBG reports net losses of 401 mln in Q3, NPL formation accelerates in Greece
EconomyBankinginterest income (NII) fell 2 percent quarter on quarter (QoQ) to 738 million mostly due to negative FX... of the Eurosystem funding by 2 billion euros QoQ fully attributed to lower Emergency Liquidity Assistance... of around 1 billion and sale of 100 percent of Finansbank. However, since the completion
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Newsletter 51 - 12/11/2015
already clarified it would also seek state aid of 2 billion to cover its total capital shortfall... for the 2 billion, plus 10 billion for the banks, to be released. Those pending matters consist... to the scheme allowing tax debtors to pay in up to 100 instalments, equivalent fiscal measures
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Newsletter 55 - 12/12/2015
. Another important project in its final stage relates the 100 percent sale of Hellinikon (the old Athens... 2016, which he set at around 3 billion, a higher figure than the 2016 budget target of 2 billion. In their last debt sustainability analysis last summer, the IMF foresaw privatization revenues of 2
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S&P upgrades Greece’s rating by one notch, sees compromise on pension reform by March
Economypercent of total loans 2) Government has committed to increase public savings meaning... imposed in 2012. Primary surplus is expected to improve close to 2 percent by 2019, yet it would remain..., assuming optimistic nominal GDP growth of 5 percent, primary surplus of 2 percent and current borrowing
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NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions
EconomyBankingmillion and goodwill write-off of 432 million) 2) One-offs of 138 million, with the bulk stemming from... rose 2 percent QoQ, while eased 0.3 percent to 1.3 billion for the whole year. In Greece, costs fell... bps in 2016 and around 100 bps over the medium term. On the asset quality front, non-performing loan
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