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With troika OK pending, 2014 budget sees primary surplus at 1.6 pct of GDP
EconomyMacroeconomyto remain broadly stable at 2.2 percent of GDP in 2013 and at 2.3 percent in 2014 (3.96 and 4.27... expected to be collected by March 2014. These revenues mainly relate to Bank of Greece estimated dividend... estate property tax, which will replace the current property levy from next year, are estimated
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Snap elections in Greece bring state's liquidity constraints into focus
Economy. These mainly comprise of interest payments (2.2 billion) and IMF repayments estimated at 1.6 billion. On top... billion has already been used. b) Cash reserves of the central government, which are estimated at 1
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European Commission evaluates impact of bailout programme
EconomyProgrammeannual impact is planned for 2016 at 2.2 percent of GDP. Note that the adjustment for 2015 is seen... period is estimated to stem from pension reforms (1.9 percent of GDP) followed by VAT (1.1 percent... is estimated to increase revenues by around 1 percent of GDP with current VAT revenues accounting
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Lenders' report reveals long-term savings from pension reform, which also offset court ruling
EconomyProgrammeand in May is seen at 1 percent of GDP in 2016, rising to 1.7 percent in 2018 and further to 2.2 percent... year’s measures, including the curtailment of early retirement rights, are estimated to have..., those measures are estimated to yield savings of 1.4 percent of GDP in 2019, 1.6 percent in 2020 up
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Alpha Bank reports net losses of 16.8 mln in Q2
EconomyBankingAlpha reported net losses of 16.8 million euros in the second quarter (Q2) of 2016 from 2.2 million... to be launched in the second half (H2) of the year. The annual befit is estimated at 35 million euros. During.... The annual benefit from the repayment of pillar II bonds is estimated at 48 million. The ongoing
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Details of technical agreement between Greece and lenders set out in draft sMoU
EconomyProgrammeto the state. Privatisation proceeds for 2018 and 2018 are estimated at 2.2 and 2.3 billion respectively...). The streamlining of welfare benefits with estimated savings of 70 million involves a reduction of the heating
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Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBanking. The cost of risk stood at 2.2 percent in Q1 and management expects a lower figure between 150-200 bps... is estimated to be achieved mostly via write-offs (6.5 billion) as well as restructuring, collections... from Piraeus’ core assets versus the current 65 percent. PLU loans are estimated to decline from 37
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European Commission's DSA reveals serious concerns over debt sustainability, need for relief
EconomyProgrammepoints (pp) after 2022 and leveling off at 2.2 percent as of 2025. In its most recent DSA, the IMF... billion. Furthermore, market rates are estimated at 5.1 percent in 2019, increasing to 5.5 percent... between 2019 and 2060, while primary surplus is estimated at 2.3 percent in 2023 – 2060
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Retail sales drop by 1.7 pct in November, corresponding volume falls 2.9 pct
EconomyMacroeconomyof 2.2 points. For November, the indicators showed that consumer confidence improved by 0.2 points... percent compared to last year. December 2017 sales are estimated to reach 4.09 billion euros, from 4.03 billion in 2016. Overall in 2017, total retail turnover is estimated at 42 billion, from 41.4 billion
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VAT gap remains high as non-compliance overtakes revenue rise
EconomyFeatures, including revised figures for the years leading up to 2017. In Greece, VAT revenues rose by 2.2 percent... and the estimated VAT amount that is theoretically collectable based on legislation. The latter is called... across the EU in 2017 is estimated at 137.5 billion, equal to a loss of 11.2 percent of the total
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