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Notable increase in grants to social security sector leads to budget primary deficit in Nov
Economyof 668 million in the preceding 10 months, while social protection expenses climbed to 291 million... to hospitals (at 79.7 percent of the annual target of 1.16 billion) 5) Allowances to families with many
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Gov't submits reform plan that raises contributions and cuts future pensions
EconomyProgrammewill be trimmed by 1/40 for each year. 5) The contributory pension will be based on the average monthly... of the bailout programme but this this extra amount will then be gradually phased out. 10) New pensions
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The pension and revenue interventions Greece has to make to meet its 2016 fiscal target
EconomyProgrammerate of 23 percent on private education. 5) Increase in the corporate tax rate from 26 to 29 percent... in the tax rates for insurance fees (54 million) 10) Overhaul of the income tax code (150 million
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Gov't proposes easing impact of pension reforms on self-employed for three years
Economy. The income ceiling was set at 55,000 euros, where the proposed discount stands at 5 percent. The Ministry... would see a double-digit increase in their disposable income. For those with income between 10
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Gov't offers improved terms to farmers in bid to break deadlock
Economyfor a gradual rise in contributions to 10 percent in 2016 and up to 20 percent in 2019. The pension reform... income, including subsidies. Until now, subsidies up to 12,000 were exempt from tax. 5) The definition
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Programme review talks continue, progress on tax, pensions and NPLs at a premium
EconomyProgrammepercent to 10 percent. In the 2016 budget, the government incorporated revenues of around 750 million... rates on farmers’ income (32 million) 4) Income tax code reform (150 million) 5) Other
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NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions
EconomyBanking, NII fell 5 percent to 1.91 billion euros. It was mainly dragged downwards by the higher ELA cost... in Q4 and further to 23.4 billion on March 10. The current figure incorporates ECB funding of 12.5
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Greek stocks advance 2.6 pct for second straight week on improved investor sentiment
EconomyEnergy (+10 percent). On the flipside, top underperformers included: Titan (-3.4 percent), Ellaktor... last year. Turnover rose by 5 percent to 972 million, while adjusted EBITDA soared 49 percent to 155
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Greek corporate lending rates up to 250 bps higher than eurozone average
EconomyMacroeconomyGreek households’ new time deposit rate fell by 10 basis points (bps) to 0.91 percent in February after remaining broadly stable in the preceding two months, Bank of Greece (BoG) figures showed.... In addition, the rate on consumer credit without a fixed maturity (mostly credit cards) edged up by 5 bps
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Greece seeks to finalise 1 pct of GDP in new tax measures to close review
EconomyMacroeconomyon gasoline, with incremental revenues seen at 100 million. 5) Rise in the excise tax on tobacco products... 10) Imposition of levy on cars with foreign number plates, with estimated revenues of 15 million
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