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Pension reform to be one of new government's toughest challenges in next weeks
EconomyProgrammein an annual increase in revenues by 854 million euros (0.5 percent of GDP). 2) Gradual elimination... the restoration of basic and supplementary pensions to their 2012 levels. 2) The gradual phase-out... official data provided by the Labour Ministry for May, the monthly cost for the total of 2.66
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Newsletter 131 - 8/9/2017
. A total of 95 prior actions have to be ticked off for the third review to be concluded. Further.... SSF arrears came to 2.30 billion euros at the end of July, constituting 42.4 percent of total arrears. Tax refunds were the next largest contributor, representing 28 percent of the total, followed
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China's footprint in Southeast Europe: Constructing the "Balkan Silk Road"
Agoradelegation proposed the establishment of the “China-CEE Investment Cooperation Fund”; [2] a year...). In November 2016, a second Sino-CEE Investment Cooperation Fund was launched with a total volume of USD 11... and Slovakia represented 95 per cent of total Chinese FDI within the 16+1 framework in 2016. Greece
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Newsletter 157 -30/03/2018
Greek soldiers being held by Turkey properly. 2 Economic sentiment at 99.8 pts in March Sentiment... declining by 2 points to -53 in February. Consumer confidence is one of the most improved sentiment... billion euros for the month, down from the total of 29.09 billion noted in January. Since the start
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The first cut is the deepest? Greek pension reforms in context
EconomyFeaturesto limit the rise of pension expenditure to 2 percent of GDP over the long term (2010-2060). It raised... in total (around 8 percent of all pensioners). However, in 2017 new measures were also pre-legislated... a million pensioners out of a total 2.5 million. These latest cuts will be felt immediately by a large
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EC sees relief measures securing debt sustainability despite poorer growth, market access prospects
EconomyProgrammetakes the total amount of ESM financing resources drawn by Greece to 61.9 billion euros, leaving 24.1... into a 3 percent long-term nominal growth rate, on the assumption that inflation will reach 2 percent... in the official SBA documentation why unfavourable demographics and Greece’s total factor productivity does
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Newsletter 170 -13/07/2018
,” the Commission said. 2 Unemployment rate edges up to 20.2 pct in April Number of those employed dips along... a decline of 1.1 percent. Total employment remained above 3.7 million. The overall labour force... revealed. June’s reduction brings the total for central bank funding to 16.31 billion euros
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Eurobank sees net profits of 1.1 mln in Q2, NPEs continue to fall
EconomyBankingmillion in Q2. As mentioned, the target for NPE stock across the rest of the year is for the total... are in Athens and Thessaloniki. The total portfolio is worth around 22.8 million. P&L NII was more or less... and commission income accounted for 52 basis points of total assets in Q2. Operating expenses fell by 0.8
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Eurobank net profits of at 45.1 mln in Q3, NPEs under 40 pct for first time
EconomyBankingquarters. As mentioned, the target for NPE stock across the rest of the year is for the total to stand... with a consortium for the sale of non-collateralised and unsecured consumer loans for a total outstanding... of Greece’s first loan portfolio securitised against mortgages, with a gross book value of about 2
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Newsletter 202 -12/04/2019
- or 7-year issue worth 2 or 2.5 billion euros are being examined, according to government-friendly Avgi newspaper. The PDMA has already around 70 percent of the total 7 billion euros that Greece... 6,043 owe above 1.5 million euros each. The total outstanding amounts owed by taxpayers according
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