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EastMed pipeline close to high-level agreement, but still a long way from becoming reality
EconomyFeaturesbetween Israel, Cyprus and Greece in Jerusalem on March 20. However, the 6.2-billion-euro energy mega... and the Peloponnese, to Otranto on Italy’s eastern coast, delivering up to 20 billion cubic metres... will be attending the March 20 trilateral summit for the EastMed, while the Beer-Sheva summit
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Newsletter 198 -15/03/2019
in Q4 Rate rises slightly compared to previous quarter but stays below 20 percent The Greek non... of unemployment has been below 20 percent. Compared to the same period last year, the jobless rate has... time since Q3 2011 that the rate of unemployment has been below 20 percent. Wages index up by 4.9 pct
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Parties' competing tax pledges come up against challenging reality
EconomyFeaturesfrom 22 to 20 percent and reducing the solidarity contribution, in addition to lowering property... tax rate from 22% to 20% in an attempt to appeal to middle class voters who deserted the party... euros see tax cuts of starting at about 20 euros a year in the lower end of the scale, rising
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NPEs down by 13 pct to 81.8 bln in 2018, but BoG highlights continuing credit risk
EconomyBankingto 20 percent by 2021. The reduction in 2018 was achieved by write-offs in the volume of 5.9 billion... legal protection status, which is 31 percent of mortgage NPEs and more than 20 percent of consumer... representing one fifth of loans, followed by manufacturing with more than 20 billion and construction close
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Card usage gains traction with debit cards leading the way, BoG finds
EconomyBankingthe category of credit cards, virtual payment cards recorded a YoY rise of 20 percent. The BoG noted... versus 60 billion euros in 2017. The average number of transactions per card increased by 20... to 3,666 euros. For debit cards, the average transaction per card rose by 20 percent to 4,073 euros
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Mitsotakis promises 'new normality,' lines up tax cuts straight away
PoliticsGreek Politicsthe minimum monthly payment would be reduced from 30 to 20 euros and the interest rate would... percent (and from 24 to 20 percent next year). The tax on dividends will be reduced from 10 to 5.... Furthermore, main pension contributions will be gradually reduced from 20 to 15 percent, while VAT
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New Democracy tax pledges put spotlight on available fiscal space
EconomyProgrammereduction from 24 to 20 percent the following year. The cost of the second reduction is estimated at 600..., main pension contributions for employers and employees would be reduced from 20 to 15 percent... that for individuals, the monthly payment would be reduced to 20 euros from 30, while the interest rate would drop
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Vote on tax bill due this week as ND pushes for adoption of first three draft laws
PoliticsGreek Politicsinterest cut from 5 to 3 percent, and the minimum monthly instalment lowered from 30 euros to 20 euros... 20 million euros annually, 500 million euros of savings from maintaining the 5-to-1 public sector... as a percentage of income, ranging from 10 percent for incomes up to 10,000 euros up to 20 percent
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S&P keeps Greece at 'BB-' but revises outlook to stable on Covid-19 concerns
Economyprofiles in its sovereign ratings universe, with the debt held by the private sector accounting for just 20... in collections and 20 pct of the current account receipts. This will be somewhat cushioned by the range... 157 pct in 2019. S&P estimates the total liquidity reserve at roughly 20 pct of GDP, a factor
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Lockdown reduced spread of Covid-19 by 80 pct, research indicates
Societysuch as a reduction of 50 percent in school contacts (eg. smaller classrooms as opposed to full closures), 20 percent in work contacts (via remote working) and 20 percent in leisure activities could reduce... by 55 percent and up by 20 percent for residencies. At the end of May, residential visits were higher
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