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Newsletter 132
be made for 10 years. He also pledged to reduce corporate tax from 29 percent to 20 percent, cut ENFIA property tax by 30 percent over two years, lower the tax on dividends to 5 percent, increase
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Eurobank sells NPL package in attempt to reduce bad debt pile
EconomyBankingtranslates into 10 million euros annually. Banking sources suggested that this inaugural transaction set... range internationally between 3 and 5 percent of principal. Greek systemic lenders have committed
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Newsletter 135 - 13/10/2017
on October 10 to bring down outstanding arrears ahead of review negotiations. Targets require... that in the year to date, industry confidence has improved by 5 points. The IPI has remained in persistently
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Greece and Albania hold private talks to tackle longstanding differences
PoliticsForeign Policythis goal, it would also have a symbolic value as it would be just 10 years after the NATO Summit...,” he added. A day later, Dimitrov told Kanal 5 in Skopje that his country will never accept
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Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
EconomyBankingimpairments in Q2. Operating expenses fell by 1 percent QoQ to 288 million, falling further by 5..., where the figure stood at 10 billion, driven largely by a 1.8 billion fall in Emergency Liquidity
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General govt primary cash surplus at 6.39 bln in October, arrears continue to decline
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus amounted to 6.39 billion in the first 10 months of 2017, up by 452 million compared to the same time last year according to the Finance Ministry... of the total), T-Bills rose to 14.94 billion (4.5 percent) and repos increased to 16.50 billion (5
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Clearer picture emerging ahead of stress tests, banks appear confident
EconomyBankingof the programme, is completed the total amount of capital needs will not exceed 10 billion euros... of loans as they have ability to phase out losses over a five-year horizon. This starts with 5
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Budget passed but coalition handouts draw attention
PoliticsGreek Politicsthat remain as part of the third review. The omnibus bill is expected to be voted by January 10... and the disbursement of more than 5 billion euros in funding. Handouts However, the coalition appears
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Countdown begins for multi-bill, coalition eyes minimum wage increase
EconomyProgrammeto pass the legislation by January 10 so that the Euro Working Group due to meet the following day could... to Parliament by January 5. Financial news website Euro2day reports that the plan is to table the multi
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A year of risk and reward for Greece
Agorafrom the programme, which would be supported by a cash buffer of more than 10 billion euros rather... of a trial in civil courts is estimated at 5–7 years, while in administrative courts it stands
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