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European Commission evaluates impact of bailout programme
EconomyProgrammeannual impact is planned for 2016 at 2.2 percent of GDP. Note that the adjustment for 2015 is seen... period is estimated to stem from pension reforms (1.9 percent of GDP) followed by VAT (1.1 percent... is estimated to increase revenues by around 1 percent of GDP with current VAT revenues accounting
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Lenders' report reveals long-term savings from pension reform, which also offset court ruling
EconomyProgrammeand in May is seen at 1 percent of GDP in 2016, rising to 1.7 percent in 2018 and further to 2.2 percent... year’s measures, including the curtailment of early retirement rights, are estimated to have..., those measures are estimated to yield savings of 1.4 percent of GDP in 2019, 1.6 percent in 2020 up
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Alpha Bank reports net losses of 16.8 mln in Q2
EconomyBankingAlpha reported net losses of 16.8 million euros in the second quarter (Q2) of 2016 from 2.2 million... to be launched in the second half (H2) of the year. The annual befit is estimated at 35 million euros. During.... The annual benefit from the repayment of pillar II bonds is estimated at 48 million. The ongoing
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Details of technical agreement between Greece and lenders set out in draft sMoU
EconomyProgrammeto the state. Privatisation proceeds for 2018 and 2018 are estimated at 2.2 and 2.3 billion respectively...). The streamlining of welfare benefits with estimated savings of 70 million involves a reduction of the heating
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Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBanking. The cost of risk stood at 2.2 percent in Q1 and management expects a lower figure between 150-200 bps... is estimated to be achieved mostly via write-offs (6.5 billion) as well as restructuring, collections... from Piraeus’ core assets versus the current 65 percent. PLU loans are estimated to decline from 37
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European Commission's DSA reveals serious concerns over debt sustainability, need for relief
EconomyProgrammepoints (pp) after 2022 and leveling off at 2.2 percent as of 2025. In its most recent DSA, the IMF... billion. Furthermore, market rates are estimated at 5.1 percent in 2019, increasing to 5.5 percent... between 2019 and 2060, while primary surplus is estimated at 2.3 percent in 2023 – 2060
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Retail sales drop by 1.7 pct in November, corresponding volume falls 2.9 pct
EconomyMacroeconomyof 2.2 points. For November, the indicators showed that consumer confidence improved by 0.2 points... percent compared to last year. December 2017 sales are estimated to reach 4.09 billion euros, from 4.03 billion in 2016. Overall in 2017, total retail turnover is estimated at 42 billion, from 41.4 billion
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VAT gap remains high as non-compliance overtakes revenue rise
EconomyFeatures, including revised figures for the years leading up to 2017. In Greece, VAT revenues rose by 2.2 percent... and the estimated VAT amount that is theoretically collectable based on legislation. The latter is called... across the EU in 2017 is estimated at 137.5 billion, equal to a loss of 11.2 percent of the total
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PM convenes emergency meeting to work out tariff response strategy
PoliticsGreek Politicscontinued to decline last year, falling by 2.2 pct after a decline of 8.5 pct in 2023. This further fall... of Greece estimated that a 10 pct tariffs on EU goods, rather than the 20 pct imposed by Trump, would... estimated that a blanket US tariff of 25 pct on European imports would lower euro zone growth by 0.3
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Newsletter 35 - 17/07/2015
, higher than the IMF’s estimate of 1.5 billion. Moreover, assuming the implementation of the fiscal... be lowered by SMP and ANFA income of 7.7 billion to 74 billion, which is its official estimate for the net...Funding needs seen over 80bln Slight differences with IMF funding estimates In a 12-page assessment
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