Search
-
A breakdown of the funding needs involved in Greece's third bailout
EconomyProgrammeof this amount includes: 1. Amortisation of SMP and ANFA bonds held by the Eurosystem (12.7 billion) 2.... Unwinding of repo operations (3.5 billion) 5. Amortisation of 1.9 billion in Greek government bonds... financing since August 2014, state deposits fell below the 1 billion mark by the end of May
9% -
Fiscal target revision shows 3.07 bln 9-month primary surplus was 1.8 bln above target
Economyincorporated in the 2016 draft budget tabled on October 5. In particular, the 2015 primary surplus target... below targets. These mainly involve: 1) Grants to Manpower Employment Agency (at 37.3 percent...) Allowances to families with many children (at 35.5 percent of the annual target of 650 million) 5) Grant
9% -
Second review to resume in Athens under severe time pressure
EconomyProgrammewill be equally quick and pave the way for eurozone finance ministers to confirm at the December 5 Eurogroup... the International Monetary Fund is demanding an increase in the current cap of 5 percent, while... in the 10-month period, the institutions have identified a fiscal gap of 1 billion, according to reports. Part
9% -
Parties' competing tax pledges come up against challenging reality
EconomyFeaturescommercial activities 5 percent, interest, dividends and capital gains 3 percent, and farming 3 percent... rise in taxes due from the higher income brackets. However, the top 5 percent of households pay just... to the total tax take of the top 5 percent earners was roughly the same, however at the time their income
9% -
Newsletter 268 -09/10/2020
a criminal organisation face jail terms of 5 to 15 years, while those convicted of membership can be jailed for between 5 and 10 years, which can be reduced to between 1 and 5 years or even suspended... will be just above 1 pct of GDP at 2.08 billion, recovering impressively from the 9.72 billion euros
9% -
Newsletter 316 - 12/11/2021
few months. Trust in the government’s approach stands at 2.6 on a scale of 1 to 5, which... by the end of 2019. Next year’s debt is seen rising by 5 billion euros to 355 billion, according... pct increase in electricity supply, followed by an 8.3 pct rise in manufacturing and 5 pct in mining
9% -
With troika OK pending, 2014 budget sees primary surplus at 1.6 pct of GDP
EconomyMacroeconomy. On the debt front, gg debt is set to slightly ease to 320.0 billion (174.8 percent of GDP) in 2014 from... and stem from: 1) 5.23 billion issued in 2009 for bank recap, under the Liquidity Support Program.... The key drivers for the anticipated improvement in 2014 are: 1) a turnaround of investments, targeted
9% -
Sudden jump in unpaid taxes last month takes total to almost 70 bln
EconomyMacroeconomythat the first-half target of legacy debt collections of 1 billion set by the Ministry of Finance (MoF... from around 1 billion in the preceding two months, according to data provided by the General... to collect an additional 1 billion in the second half of 2014, which corresponds to 167 million per
9% -
Alpha, Eurobank raise 4.6 bln in private capital: Here's exactly what it means
Agoraannounced the offer price for both transactions, which was set by its BoD at 0.04 euros per share... billion euros. This was set as the bank’s total capital needs excluding the 83 million euros... will be announced at a later stage, the bank said. In addition, Alpha will also conduct a reverse split (1:15) since
9% -
Newsletter 149 -2/02/2018
and that Greece is set to make too many concessions without securing assurances from the Former Yugoslav Republic... security contributions rise An imminent bond issue by the Greek government is set to attract... by 0.5 percent and grow by 1 percent in 2020. Commercial real estate will grow by 0.3 percent each
9%