Search
-
Marked improvement for budget execution in Oct, primary surplus outperformance extended
EconomyMacroeconomyis up by almost 1 billion euros, also including the quarterly VAT payment. Total ENFIA revenues... of taxpayers pay their respective tax via credit cards in 6-12 monthly installments. However, the state.... Overall, total expenditure declined by 4.8 percent in 10-month period to 37.73 billion, significantly
5% -
Where things stand on the Greek pension reform proposals
EconomyProgrammefor a 3-year period by a total of 1.5 percentage points (pp), 1 pp for employers and 0.5 pp for employees... earnings of each employee for the total number of working years after applying a progressive replacement... with a total social security and tax burden above 80 percent of their income. A committee with experts
5% -
Encouraging signs for Greek banks in Q1 results but NPL management looms large
Agoraimprove NII to a total (waiver and haircut) benefit of around 100 million euros per annum. Our analysis shows that under a best-case scenario, assuming that Greek banks participate at their total... in the course of Q1 to 10 billion, which also entails lower fee expense since banks pay a fee of 115 basis
5% -
Bank of Greece sees potential for recovery, urges calm in negotiations
EconomyMacroeconomythat are “unlikely to pay” account for 27.5 percent of total, while denounced loans (legal process underway) make up... stabilized at 45.2 percent of total exposures at the end of September. As we noted, BoG published..., which currently make up 44 percent of total restructurings. BoG also said that the NPE coverage ratio
5% -
Payment cards up by 3 pct but value of transactions drops by 7 pct in H1 2016
EconomyBankingFollowing the notable rise of 11.3 percent in the second half of 2015, the total number of payment... effectively, the BoG said. At the end of June 2016, debit cards made up 81 percent of total payment.... More importantly, the total value of card transactions fell by 6.7 percent to 26.21 billion
5% -
Greek population among highest for poverty risk, Eurostat survey shows
Societyof the total population at risk of poverty or social exclusion in Greece stood at 35.6 percent... to afford to pay bills, adequately warm a home, or take a one week holiday away from home, doubled... of their total work potential during the past year, increased from 7.5 percent in 2008 to 17.2
5% -
Newsletter 140 -17/11/2017
. Tsipras revealed in a televised address on Monday that of the 1.4-billion-euro total, 720 million... euros will be handed back to pensioners who were found to have had part of their retirement pay... a gap in PPC’s budget for the subsidised services it offers. Tsipras pointed out that the total
5% -
Coalition's moves on public sector hirings under scrutiny
PoliticsGreek Politicsto official government data, there was a slight rise in the total number of civil servants last year... and workers on fixed-term contracts. The total stood at 71,042 at the end of 2016, rising to 78,297... at 11.9 billion euros last year. This is seen rising by 371 million euros to a total of 12.2 billion euros
5% -
Eurogroup agrees on significant debt relief measures for Greece
EconomyProgrammeof the EFSF loans, which total 131 billion euros. He had said the government would be pleased... privatisation proceeds from this year and 2019 are added, the total amount could surpass 20-21... Mechanism instalment could be used to pay off the IMF early and reduce Greece’s funding needs
5% -
PDMA sets out plans to build on recent market forays with bond issues in 2019
Economy. This is the lowest Greece ever had to pay for a bond of that duration although it missed the chance of significantly... is predominantly structured by official loans that total 272.2 billion euros. Significantly, the result of various swap exercises and debt management measures by the ESM is that 85 percent of total
5%