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PDMA highlights improving debt profile, targets 8-12 bln in new issues for 2021
Economyof new debt through three new bond issues, a 7-, 10- and 15-year and two re-openings of the 10... at 20 years in 2020, compared to an average of 7.7 years for peers like Italy, Spain, Portugal... of the Eurogroup agreement of 15 pct in the medium-term and 20 pct in the long-term. In terms of next year’s
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Greece aims to replicate last year's successful debt strategy in 2024
Economy, Greece kept the average maturity on its debt at 20 years, compared to a high of 22 years in 2019. Greece’s average maturity of 20 years compares well to an average of 8.3 years for its eurozone peers, which range from 7 years in Italy to 11 years for Ireland. Greece also has a favourable maturity
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Record bonds, rising bills: Greece’s economic paradox
Agora%, and the US and Nordics at 7%. Yet while international markets show confidence, Greek society remains...%, and bread and cereals 13.6%. The survey also highlighted inequality: the poorest 20% of households spend 33.5% of their budget on food, compared with just 12.7% for the richest 20%. It is clear that the cost
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Greek primary budget surplus at 707 mln as revenues beat target in May
Economybillion). The upward revision mainly stemmed from higher revenue targets (by 1 billion) counterbalancing... exceeding 1 billion euros per month. Indirect taxes continued were in line with the target despite... period to 9.11 billion euros. VAT rebounded 1 percent in May, while the 5-month figure eased 1.3
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Greek 2016 draft budget contains 6.4 bln in new fiscal measures, sees recession ahead
EconomyMacroeconomyon investments, consumption and domestic tourism. Despite GDP growth of 1 percent in the first half of the year..., investments are anticipated to rebound by 4.5 percent, exports to decrease at a slower pace by 1 percent... relate to: Expenditure and cost savings (2.39 billion – 37.5 percent of total) 1) Increase in health care
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Greece gets tranche and looks ahead to next tasks, including pensions and NPLs
EconomyProgrammeof 1 billion. Eurogroup President Jeroen Dijsselbloem said that the pension reform has been moved... percent of GDP in 2015 and around 1 percent in 2016. Almost half of cost savings for 2016 have been...) for employers by up to 1 percentage point. At the same time an overhaul of the pension system has
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Pension and income tax reform bill sets out 4.4 bln in new measures
EconomyProgrammeof the proposed measures. The government aims to collect additional annual revenues of 1.7 billion euros (1... and around 640 million to incremental revenues. Cost savings 1) Elimination of the solidarity grant... – 122 million. 7) Lower expenditure for unpaid obligations related to lump-sums pensions – 118 million
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Newsletter 73 - 13/05/2016
package of parametric fiscal measures amounting to 1 percent of GDP, including an increase in the basic... to be voted in the days ahead (another 1 percent of GDP in fiscal measures, the framework for the sale of non... arrears, which have reached almost 7 billion. The benefits for the Greek economy of this money
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Newsletter 99 - 09/12/2016
of the last bailout tranche of 2.8 billion, mitigated by a decline in repos by 1 billion. The 2016... roughly 1 million Greeks in what was labelled a “social dividend”. Tsipras’s surprise pledge... in the general elections and SYRIZA 20.5. Golden Dawn is in third on 7 percent, followed by PASOK
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Newsletter 218 -06/09/2019
and operate a casino on the site. He also pledged to invest more than 1 billion euros. On the back... prices increased by 1.7 percent in 2018, compared to an average price contraction of 1 percent... to a downward revised decrease of 1 percent in 2017. Properties up to five years old saw price increases
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