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Greek health care spending in the spotlight
EconomyFeaturesto be reduced to 9 percent of GDP by 2010, and for the public contribution to be limited to 6 percent of GDP... billion euros for 2013 and 2 billion for 2014, with pharmaceutical companies required to contribute
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IFRS 9 provisions required by banks in line with expectations
EconomyBankingin the region of 5.5 to 6 billion euros. Alpha Bank announced that its estimate for the IFRS adoption... to own funds until 2023, backloaded in the last 2 years of the horizon, and booking 30 percent
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Piraeus Bank posts net loss of 80 mln in Q1
EconomyBankingand commission income fell QoQ by 10 percent (79 million versus 87 million) but rose by 2 percent YoY. Operating expenses fell by 6 percent YoY, excluding the extraordinary cost associated with the 2018
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Report on PPC’s viability ruffles feathers and shakes share price
EconomyFeaturesbe considered viable at a debt to earnings ratio of between 4 to 6, meaning that profits must increase... day of trading for the month, May 2, when the share price stood at 2.7340. New Democracy’s head
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Newsletter 162 -18/05/2018
times. It concluded that PPC would be considered viable at a debt to earnings ratio of between 4 to 6... of the business plan by McKinsey which was still being put together. 2 Primary cash surplus at 7.45 bln
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Banks try to build on growing confidence
EconomyBankinggrowth of 2 percent this year and 2.2 percent in the next, with much of its outlook based on Athens... that banks will reduce or eliminate ELA funding. Private deposits rose by around 6 percent on an annualised
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General govt primary cash surplus at 1.45 bln in June as expenditure picks up
EconomyMacroeconomyeuros, or 2 percent, in the aggregate period up to June to come to 36.66 billion. This was driven...), local governments (-34 million) and extrabudgetary funds (-30 million). A minor decline of 6
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PDMA readies bond schedule for 2019, with eye on prepayment of IMF loans
Economythe outstanding amount to 3 billion euros, to match the quota and reduce the interest charges to 2... that often exceed 6 percent. Next year’s Eurosystem holdings amount to 5.8 billion euros and carry
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Industrial production grows by 1.4 pct in August and by 0.8 pct in aggregate period
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) rose by 1.4 percent in August from a revised increase of 2 percent in July, Hellenic Statistical Authority (ELSTAT) data revealed on Wednesday. The latest... industry confidence indicator for September fell by 6 points month-on-month to 0.3. Since the start
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The legal framework and latest developments in international investment arbitration
LegalA much-anticipated judgment by the Court of Justice of the European Union in the Slovak Republic versus Achmea B.V. (Case C-284/16), on March 6 this year, ruled that the arbitration clause contained... of its accession to the European Union, recourse to an arbitral tribunal provided for in Article 8 (2
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