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Parties' competing tax pledges come up against challenging reality
EconomyFeaturesrise in taxes due from the higher income brackets. However, the top 5 percent of households pay just... bracket (incomes over 220,000 euros) pay upwards of 17,000 euros annually in SSC (over 14,500 euros under... to rely on funding from elsewhere in the budget rather than redistributing the tax burden. SYRIZA
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ND prepares first three bills for votes before Parliament's summer recess
PoliticsGreek Politicsmuch ENFIA they will have to pay in the coming months. This year’s bill will be lighter by 10 to 30... residents would be excused from having to pay ENFIA property tax for the next five years. He also said... central government funding for municipalities with the revenues from the ENFIA property tax over the next
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EU's temporary framework for state aid in response to Covid-19 outbreak
LegalNumber (CAD). However, in the case any company wishes to pay the above amounts to the Tax... who proceed to pay current social security contributions for February and March 2020... such as economists and accountants, engineers, lawyers, doctors, educators and researchers, the funding
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Alpha Bank enters agreement with Davidson Kempner for 10.8 bln Galaxy securitisation
EconomyBankingwill pay about 20 million euros in cash for the securitization notes, with Alpha Bank keeping 5... shareholders. The statement is less clear on how much Davidson Kempner will pay Alpha for Cepal... long-term funding facility of up to 120 million euros, which Davidson Kempner can draw from at its
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Government moves to implement PM's pledges despite grumblings from interest groups
PoliticsGreek Politicsdoctors’ pay and improving the staffing and the national health system. On Wednesday, Health... in the performance of hospitals and in the pay and working conditions of hospital staff. Georgiadis said more... that the government planned to offer free afternoon surgeries to up to 30,000 patients using RRF funding
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Snap elections in Greece bring state's liquidity constraints into focus
Economy’s funding problem to the real economy. Similarly to Q1, IMF and interest payments stand at 3.3... these circumstances, the Finance Ministry (MoF) is reportedly considering alternative funding... and the extraordinary T-Bill issues needed to bridge the funding gap. According to the latest MoF
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Piraeus Bank posts net profit of 185 mln in 2018
EconomyBanking, interbank repo balances were reduced to 1.9 billion at the end of 2018 compared to 3.3 billion in June 2018... loan disbursements at spreads higher than the back book and reduced funding costs. Deposits also.... Furthermore, the gradual reduction of reliance on ELA funding also had a positive impact on quarterly
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Piraeus Bank posts net profit of 20 mln in Q2 from continued operations, NPE sales step up
EconomyBankinghas declined by 3.3 billion euros. Management noted that NPE stock fell by 1.2 billion in H1... that there had been an improvement from the liability side and funding costs. Some impact was noted from loan... from the elimination of ELA funding in July 2018 and covered bonds eligibility for ECB use
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Greek families shell out for education as state system falls short
Societybillion euros, with 5.5 billion (62.8 percent) concerning public education and 3.3 billion (37.2 percent... education sytem The findings will come as no surprise to families in Greece trying to ensure a standard... of education, including external and internal evaluation and performance-based funding for higher
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Piraeus Bank reports loss of 247 mln for Q1
EconomyBankingmillion, has incurred. Gross loans fell 3.3 percent QoQ to 73.6 billion. Adjusting for the seasonal... attributed to lower deposit and funding cost and - to a lesser extent - loan margin improvement... of the targeted fully-phased cost synergies of 345 million and 98 percent of the funding synergies of 160
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