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Greece prepares set of proposals for bridging deal with eurozone
PoliticsGreek Politicsby Tsipras during his speech in the parliament on Sunday. The cost of those interventions... (estimated cost at 756 million). 2) Restoration of the 13th pension (Christmas bonus) - equal to one... Organisation to grant 30,000 apartments with a rent subsidy of 3 euros per square meter (54 million). Funding
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Finance Ministry outlines plans for making savings, increasing revenues
EconomyProgrammeto around 1 billion euros a year and he anticipates this cost could be imminently trimmed by 20 percent... will result in cost savings of up to 25 percent. The second area of intervention involves fuel... increase public revenues by 2 billion per year. The third intervention is more qualitative
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Newsletter 19 - 13/03/2015
to 50.9 billion in January and mainly relate to pillar II bonds. The interest cost of ELA funding... billion on an annual basis, or 140 million per month for Greece’s four systemic banks. However, even... and, second, the reduction of pillar II bonds, which bear a total (including interests and fees) cost
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Referendum call stretches state liquidity, pensioners first to bear the brunt
EconomyProgrammecontrols’ legislative decree, the daily withdrawal limit from the ATMs was set at 60 euros per card... cost stands close to 275 million. This means that OAEE should seek to find 135 million in the next few... to the latest official data for May, the total monthly pension cost stands at 2.35 billion and concerns 2.66
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Government tables 2016 budget, upgrades GDP forecasts but leaves fiscal estimates unchanged
EconomyMacroeconomyLottery Terminal (VLTs) and the new tax of 0.05 euros per column on OPAP games. In contrast to revenues...), rise in the corporate tax rate (150 million). Cost savings of 2.53 billion euros in total... billion euros in 2015 from 317.12 billion in 2014 as the bank recap cost of 10 billion is more than
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The pension and revenue interventions Greece has to make to meet its 2016 fiscal target
EconomyProgrammeunclear whether the institutions agree on the proposed measures to cover the targeted pension cost savings of 1 percent of GDP for 2016. In the 2016 budget, the Finance Ministry (MoF) adopted those cost... percent and is due to further increase to 100 percent for 2015 income. 4) Tax of 0.05 euros per
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Multi-bill details how Greece aims to raise 1.6 bln from indirect taxes
EconomyMacroeconomy2018. It will range from 0.50 euros per day for hotels with 1-2 stars up to 4 euros for hotels... ENFIA revenues in 2016. On the cost savings’ front, the bill includes a gradual easing of the public... in 2018. It is worth noting that the GAO report does not incorporate the estimated cost savings
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Legislative developments on restructuring and liberalisation of Greek electricity market
LegalEuropean Partners). The said auctions will provide third parties with access to PPC’s low-cost..., and reducing the cost and improving the quality of electricity supply to end consumers. It should be noted.... Beneficiaries will receive the amount of EUR 45/kW as remuneration, with the maximum amount of aid per
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Athens details fiscal counter-measures, a vital selling point for Tsipras
EconomyProgrammecost depending on the disease. Overall, 1.9 million pensioners, out of the total figure of 2.3 million, would see lower contributions to their medicine cost. In an effort to contain the brain drain... in the private sector by 50 percent and up to 500 euros per month. Companies would be obliged to retain
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Athens goes over energy plans, eyes enhanced role
PoliticsForeign Policythe offshore gas fields of Israel and Cyprus with Greece and possibly Italy at a cost of around 7... will be around 1,518 km. The project is due to start in June 2017. It will cost an estimated 29 million euros... to 20 billion cubic metres per year in order to allow the transportation of multiple sources of gas
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