Search
-
Time deposit rate almost stable in December, average loan rate rises 17 bps
EconomyMacroeconomy, the weighted average rate on total new deposits eased further by 2 bps to a new low of 0.56 percent in December mainly driven by a 2 bps drop in corporate overnight rate. Loans The most notable rate changes... proprietors slightly rose by 3 bps to 7.48 percent. Overall, after a reduction by 16 bps in November
24% -
Greek stocks up for second straight week, rising by 5.5 pct
Economyresults on March 2 and 3 respectively.... 50 percent with revenues rising by 2 percent to 1.04 billion and EBITDA falling by 4.2 percent
24% -
Greece, eurozone edge closer on pensions and fiscal gap but IMF keeps bar high
EconomyProgrammesometime in the next few months. 2) Tax rate of 30 percent on OPAP Video Lottery Terminals (VLTs... this tax will be implemented. 3) Increase in the income tax rates for farmers (estimated revenues... the pension cuts imposed in 2012. This is estimated up to 2 percent of GDP or 3.7 billion euros
24% -
Athens and creditors edge closer on tax and pensions but gap remains on NPLs
EconomyProgrammeworking years. 2) Institutions demand a lower pension replacement rate of 0.7 percent for the first 15... percent. The government’s initial proposal pointed to rates of 0.8 and 2 percent respectively... as an incentive for a longer working period. 3) Lenders seem to accept an increase in the social security
24% -
EU and IMF bailout drafts confirm conditionality as well as differences on primary surplus
EconomyProgrammeunconstitutional the pension cuts implemented in 2012 (estimated cost of 2 percent of GDP) 2) Personal income... and pensioners will pay tax. 3) A series of parametric measures generating savings of 1.2 percent of GDP
24% -
Newsletter 70 - 15/04/2016
25 or 26. The Finance Minister confirmed that the anticipated fiscal gap of 3 percent of GDP by 2018.... Almost 46 percent of March hirings relate to full-time employment. 2 Club Med goes to Washington.... If the Cortes fails to elect a new prime minister by May 2, then the king will have to use his
24% -
Eurogroup decision on contingent measures, debt leave Tsipras with tough task at home
PoliticsGreek Politicswill have to agree a package of contingent measures worth 2 percent of GDP (3.6 billion euros... on the extra 2 percent of GDP in cuts and savings. Following talks on Thursday, the indications were that the differences remaining over the other 3 percent of GDP in measures for this year had largely
24% -
Greek stocks climb 3.8 pct during week amid increasing optimism on swift agreement
Economyand institutions have reached an agreement on the 99 percent of measures worth 3 percent of GDP... the contingent measures of 2 percent of GDP, which are expected to be discussed along with debt... losses namely Coca Cola Hellenic – CCH (-2 percent) and Jumbo (-0.2 percent). The trading activity
24% -
In updated DSA, EC sees Greek debt as unsustainable if no relief measures implemented
EconomyProgrammeto 1.5 percent after 2021 and decline to 1.25 percent after 2030. 2) Total privatisation proceeds of 18... aid in 2015 bank recapitalisation can be recovered. 3) Primary surplus is expected at 0.5 percent... decreasing 5 years after the end of the programme leading to an overall average primary surplus of 2
24% -
Greece, lenders fail to make headway on fiscal and labour issues
EconomyProgrammeon the technical details of the fiscal issues such as the necessity for adopting measures worth 2... the Greek side. The Fund’s stance that additional savings of 2 percent of GDP, or 3.6 billion euros... if the notable revenue outperformance in 2016 that led the primary surplus to possibly top 3 percent of GDP
24%