Search
-
Greek government commits to new fiscal measures for third bailout
EconomyMacroeconomy(GGR) to 30 percent 7) Increase in the tax rate on rental income from 11 to 15 percent for income... targets. In addition, the government intends to transfer 30 percent of the difference between a potential higher fiscal outcome versus the target to a segregated account to reduce debt and another 30
15% -
Stock market slips 1.4 pct dragged by huge bank losses
Economytrading on December 2. For the same reason, NBG stock will cease trading from December 30 until... to 300 million euros from November 30 until December 2 with the offer price set at 0.02 euros... results on November 30.
15% -
A closer look at 2015 revenues reveals size of hit they took
EconomyMacroeconomytaxes reflects higher transaction and consumption taxes by 30 and 58 million YoY respectively... and the 30 percent discount on VAT rates in six islands was abolished in October. However, it should... revenues from tobacco rose by 30 million to 662 million. On the consumption taxes front, the excise tax
15% -
Ministry's actuarial study shows the devastating impact of the crisis on the pension system
Economyin 2013, while rose to 30 billion in 2015. However, due to the sharper GDP contraction, pension... noting that the number of pensioners more than doubled in the last 30 years from 1.1 million in 1980... ranges between 65 percent (for salary of 1,500 euros for 30 working years) up to 102 percent
15% -
Tsipras sails through multi-bill vote, looks to disbursement and debt relief
PoliticsGreek Politicsof chance, swapping a progressive tax of between 30 and 35 percent for the single rate of 35 percent... significant alteration for last. Towards the end of his speech, he announced plans to use 30 percent of the primary surplus overperformance in 2015 (500 million euros) for debt reduction, 30 percent
15% -
Greek stocks slip 0.4 pct during week
Economy-week rally with cumulative gains of almost 30 percent. Overall, bank shares are down by 6.8 percent... releases Q1 results on May 30 and Alpha on May 31. Terna Energy trades ex-dividend of 0.09 euros per shares on May 30 and Hellenic Exchanges also trades ex-dividend of 0.10 euros per shares on May 31
15% -
BoG report reveals impact on banks’ capital from NPE reduction and loan sales
EconomyBankingfor SME loans and less than 30 percent for large corporate loans. Taking also into consideration... 35 percent for loans past due over 90 days and at 30 percent for denounced loans. This means that the total of denounced loans with a nominal value of 48 billion euros could be sold at 14 billion (30
15% -
IMF far more pessimistic than eurozone on Greek debt, urges significant relief
EconomyProgrammeto maturity extensions until 2070, which corresponds to maturity extensions of 30 years for GLF... programme and locking in the interest rates on EFSF and ESM loans below the 1.5-percent mark for 30..., the interest rates on both EFSF and ESM loans would have to be reduced to 0.25 percent for 30 years
15% -
High participation rate helps bond swap tick box
Economythat will mature on January 30, 2023 and in 5-year intervals. The coupon starts at 3.5 percent... eligible for the swap were close to 30 billion euros. To make the offer attractive by compensating... will be announced on November 30, around 4pm CET and the settlement on December 5. The Finance Ministry can
15% -
Newsletter 145
to confirm the completion of the review. In the meantime, more than 30 amendments were tagged onto two... that it will not be raising the VAT rate on five of the 32 Aegean islands that currently enjoy a 30 percent... and the Dodecanese from January 1. Until now, these islands have had a 30 percent discount on VAT. C/A deficit
15%