Search
-
ND promotes positive narrative abroad, away from inquiry clash at home
PoliticsGreek Politicsto 30 billion euros of NPLs from banks’ balance sheets as soon as possible. The plan has been submitted...) is also being lined up. It appears that the Latsis Group has decided to hold on to the 45.5 percent... months. The government has reduced ENFIA by an average 22 percent this year, leading to the total
2% -
Vital economic legislation lined up as ND seeks compromise over diaspora vote
PoliticsGreek Politicsprepare to share out the additional surplus from this year’s budget, which has been estimated at 380 million euros. Of this, 138 million euros has been earmarked for reducing the amount of tax companies... investment strategy. The system, which represents a major departure from what has gone before, will apply
2% -
Banks enter final quarter with high hopes for bad loan reduction while challenges remain
EconomyBanking, Piraeus Bank has the highest NPE stock on its balance sheets with the total currently standing at 26.1... billion. NBG currently has the smallest amount of bad loans on its books, with the bank reporting... value of 1.8 billion euros. Finally, Piraeus Bank has 1.6 billion euros worth of NPE sales
2% -
Piraeus sets ambitious NPL targets with Intrum deal as banks prepare securitisations
EconomyBanking-performing credit will stay on the Bank’s balance sheet. The managing entity, Intrum Hellas, has already... noted the extremely slow judiciary process in Greece as a problem. Piraeus Bank has the highest NPE... not carry an investment grade credit rating. The final version of the Hercules scheme has not yet been
2% -
Amid hiring controversy, ND focusses on new round of tax cuts in latest bill
PoliticsGreek PoliticsThe government has submitted its second tax bill to Parliament, paving the way for income... to the International Monetary Fund’s proposals. Over the last few years, the IMF has persistently called... of the tax bill and the extensive coverage the issue has received in the Greek media over the past
2% -
ND and SYRIZA set aside social dividend talk to focus on internal issues
PoliticsGreek Politicswithin the government about how to use this extra cash. Finance Minister Christos Staikouras has... earners and the unemployed), while government spokesman Stelios Petsas has suggested that those burdened... the refugee issue, which has become a dominant theme in the public discussion over the last few months
2% -
Police actions draw attention to ND's law and order agenda
PoliticsGreek Politicsallegations of unprovoked violence. The issue has come to the fore after disturbances on Friday night.... It said it has asked the Citizens’ Ombudsman to investigate these cases. While in opposition, New... and order has been high on the government agenda and the interventions at the Athens University of Business
2% -
ND on spot over police raid but opinion poll ratings provide comfort
PoliticsGreek Politicsand has demanded further information from Citizens’ Protection Minister Michalis Chrysochoidis. “Mr... emerge, pressure is growing on the government for a clear response. So far, there has been no direct... to hold the police, which has a chequered history in terms of excessive use of force and abuse of power
2% -
Economic sentiment rises to 109.5 in Dec, hitting 12-year high
EconomyMacroeconomy2007, when the index came to 110.3 points. Compared to December 2018, the ESI has increased by 8.6...-on-month and came to -6.2 in December. Compared to December 2018, consumer confidence has shown..., industry confidence has risen by 7 points. The services index rose by 11.3 points month-on-month
2% -
PM takes to stage in Davos as migration worries persist at home
PoliticsGreek Politicsby the migration flows. His ministry has just been reconstituted as the government found... that ND underestimated the magnitude of the problem and has no been forced to backtrack. Either way... of days, heaping more pressure on the government, which has so far not been able to make
2%