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Government tables 2016 budget, upgrades GDP forecasts but leaves fiscal estimates unchanged
EconomyMacroeconomyinterventions for a total of 5.73 billion euros for 2015 and 2016, of which 1.54 billion relate to this year... revenues, which make up two-thirds of total interventions in 2015 and 56 percent in the 2-year period...), rise in the corporate tax rate (150 million). Cost savings of 2.53 billion euros in total
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Ministry's actuarial study shows the devastating impact of the crisis on the pension system
Economythereafter. At the same time, part time employment rose to 9.5 percent of total employed in 2015 from 5.5... of their total wealth. Following a series of pension cuts imposed in 2011 and 2012, the total pension
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Bank of Greece reveals lenders' NPE challenge and sets out path to recovery
EconomyMacroeconomyentered the crisis, NPEs in the domestic market stood at 14.5 billion euros, corresponding to 5.5 percent of total exposures and have climbed to 108.4 billion or 45.1 percent at the end of June. Excluding... percent of total NPE reduction, corporate 16 percent, small businesses and professional 15 percent
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Greek household expenditure falls by another 2.5 pct in 2016
SocietyTotal monthly household expenditure fell by 2.5 percent in Greece last year, according.... Around 20.7 percent of total household expenditure was spent on food, unchanged from last year...) of the richest 20 percent of the population is 5.5 times higher than that for the poorest 20 percent
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Eurobank net profits at 34.5 mln in Q1
EconomyBankinga year-on-year (YoY) decline of 5.5 percent versus net profits of 36.5 million euros in Q1 2017...). The target for NPE stock across the rest of the year is for the total to stand at 15.6 billion... not been serviced for around 5 years, coming to a total of 1 billion which the bank aims to sell
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ESM releases final tranche of third bailout, boosting cash buffer ahead of exit
EconomyProgrammethe cash buffer, while 5.5 billion will go towards servicing the country’s debt. The addition of the 9.5... be on “progress, justice and growth,” the statement added. The ESM has lent a total of 61.9 billion euros out of a total third programme envelope of 86 billion euros. Most of the shortfall is due to the fact
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Piraeus Bank posts net profit of 185 mln in 2018
EconomyBankingreported that across the last 12 months, NPE reduction has come to 5.5 billion euros, and the bank... and had a total gross book value of 1.8 billion. Two further bad loan portfolio sales are also on schedule with a total gross book value of 1.7 billion euros. These are code named Project Nemo, (secured
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Newsletter 201 -21/04/2019
2019 and 2023, and a final payment of 500 million euros is due in 2024. The amount above 5.5 billion..., NPEs stood at a total of 81.8 billion euros, which was 12.7 billion lower compared to the end of 2017... stepped up to recover amounts, the data also revealed that a total of 42,877 debtors (1.1 percent
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Debt relief measures move ahead as Athens prepares to use fiscal space
EconomyProgrammein total, the European Stability Mechanism (ESM) will transfer 644.42 million euros, which relates to the income earned on SMP/ANFA bond holdings. The total financial benefit of the measures agreed... to repay in the coming weeks around 40 percent of the total it owes to the IMF. This concerns
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Athens plans to use cash buffer to create fiscal leeway for expansionary measures
EconomyProgrammemillion euros, while the impact of the measures in 2021 is estimated at a total of 1.22 billion euros, followed by 2.33 billion in 2022. This comes to a total of 5.5 billion euros over the next four... 1.9 billion euros, is added to this the total amount comes to almost 7.5 billion euros. According
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