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Gov't offers improved terms to farmers in bid to break deadlock
Economytheir current level of 7 percent to 20 percent by 2021. The initial government proposal provided... income, including subsidies. Until now, subsidies up to 12,000 were exempt from tax. 5) The definition
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NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions
EconomyBanking, Greek lending spread fell 7 basis points (bps) QoQ resulting in lower loan NII. For the whole year, NII fell 5 percent to 1.91 billion euros. It was mainly dragged downwards by the higher ELA cost
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Greece seeks to finalise 1 pct of GDP in new tax measures to close review
EconomyMacroeconomyon gasoline, with incremental revenues seen at 100 million. 5) Rise in the excise tax on tobacco products... to yield any meaningful result since the current taxes stand at 100 million on an annual basis. 7
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Pension and income tax reform bill sets out 4.4 bln in new measures
EconomyProgrammemillion. 5) No increase in pensions in 2018 – 187 million. 6) Lower pensions for surviving relatives – 122 million. 7) Lower expenditure for unpaid obligations related to lump-sums pensions – 118 million
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Corporate lending rates fell in March, time deposit rate slightly down to a new low of 0.88 pct
EconomyMacroeconomyaverage figures. In household loans, the interest rate on housing loans rose by 7 bps to 2.62 percent... at 14.66 percent. The interest rate for loans to sole proprietors slipped further by 5 bps to 7.39 percent
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Newsletter 73 - 13/05/2016
38 months. Housing and transport prices, which fell by almost 5 percent, fuelled April’s drop. Net... arrears, which have reached almost 7 billion. The benefits for the Greek economy of this money
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BoG proposes debt relief measures and lower primary surplus target from 2018
EconomyMacroeconomy5) Greek government bond (GGB) rates of 4.25 percent 6) IMF loan rates of 3.65 percent until 2020, 4.15 percent from 2012 until 2025 and 4.25 percent from 2026 onwards 7) Greece taps markets
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Commission sees lower Greek financing needs, provides timetable for course of programme
EconomyProgrammeof 31.5 billion, clear arrears up to 7 billion and building state deposits by 5 billion at the end
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Newsletter 79 - 24/06/2016
that of ECB funding. The switch to ECB funding as of June 29 would entail cheaper liquidity of 5–6 billion... not show any improvement on last year. In specific, travel receipts decreased 7 percent in April, pushing
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Bank of Greece report overviews lenders' profitability, urges drastic NPL management
EconomyBankingto PSI and loan quality deterioration, banks’ shareholders’ equity increased by around 5 billion..., while consumer NPEs increased at a slower pace of 7 percent. Overall, BoG figures showed that 54.7
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