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General gov't cash surplus sees large contraction in Jan-Feb, arrears edge up
EconomyMacroeconomyentities. Similar to January, the state budget recorded the highest surplus at 852 million, yet... securities previously used for ECB funding. The remaining 20 percent is associated to state
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Greeks graduating after 2011 encountered limited opportunities, low pay
Societyfunding to universities and teaching staff had been slashed during the years of the crisis, falling 24 percent and 19.2 percent, respectively. Though the figure for funding cuts is lower than... spending (20 percent). Operational funding fell by around 66 percent. Most of the graduates surveyed from
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Alpha Bank turns profitable in Q1 as last year's clean-up efforts pay off
EconomyBankinglast year. At the end of Q1 2022, Eurosystem funding remained stable at 13 billion euros
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Review delay brings Greek liquidity needs back into focus
EconomyProgrammeGreece has to pay 6.46 billion euros for GGB redemptions (4.03 billion to the ECB and 2.43 billion... in GGBs held by the ECB are due. Greece also has to pay 620 million in March, mostly to private investors... Greece is obliged to pay back to the European Stability Mechanism (ESM) 1.6 billion euros
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Newsletter 367 - 27/01/2023
, Mitsotakis attempted to set the agenda by holding a press conference to highlight the government’s... months to help households pay their shopping bills. Mitsotakis went on to say that he expects.... The early start to the campaign season comes as polls continue to show ND holding a significant
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Court ruling on pension cuts could create new problem in talks, fiscal plans
EconomyProgrammereductions as well as to pay only half of the retroactive amounts for the 2-year period, citing... pensions of a total amount of 2.07 billion and the remaining 277 million relates to supplementary
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Wage ruling gives gov't immediate fiscal headache, political one may come later
PoliticsGreek Politicsretroactively from August 2012. This would force the coalition to pay back the money those affected... on wage maturities If this proves to be correct, the government faces a challenge in finding... on Wednesday but will not be able to use any of this money to pay back military personnel and policemen
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Greek banks conclude series of corporate actions as part of restructuring
EconomyBankingcommercial banks in Bulgaria, with total assets of 3.35 billion in 2015. According to NBG, UBB will pay... family) and D-Marine Investment Holding. The latter is based in Amsterdam and operates as a subsidiary... Bank Cyprus (PBC), to Holding M. Sehnaoui for a consideration of 3.2 million. The transaction
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Newsletter 55 - 12/12/2015
Partners, Duferco Participation Holding (Luxemburg), Mitsui (Japan), P&O Steam Navigation (UK), Russian Railways (JSC/RZD) in cooperation with GEK TERNA and Yilport Holding (Turkey), which have... and not through cuts to retirement pay. However, the IMF is also Greece’s greatest ally in the argument
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Newsletter 79 - 24/06/2016
the UK was holding its Leave/Remain referendum on the same day. “For now,” I replied. We laughed.... The Union is synonymous with the challenges of immigration, with job difficulties, low pay and declining... populists and nationalists to step in, holding the EU up as a convenient target for this festering anger
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