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  1. Election Watch: 24 parties and coalitions apply to contest election

    Agora

    Greece’s Supreme Court has received a total of 24 applications from political entities – including... of the total. Taken together, that made them more successful than poll-topping New Democracy, which took 1.19... by these small parties totals 5 percent, for example, the winning party would need 38.4 percent

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  2. Newsletter 42 - 11/09/2015

    Newsletters

    injected into the systemic banks, the resolution cost of non-core banks reached a total of 15..., of the total financial envelope of 50 billion that was earmarked for Greek bank recapitalisation... proceeded with capital increases of 8.3 billion in total, with the cancellation of HFSF pre-emption

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  3. Piraeus Bank reveals mitigating actions aimed at reducing size of capital increase
    Photo by MacroPolis

    EconomyBanking

    Management Exercises (LMEs) targeting a total capital strengthening of 590 million euros, of which of 365... reserve in the third quarter (Q3). 5) Additional 55 million of Q3 net profits compared.... The total amount of mitigating actions stands at 1.51 billion euros but it is not clear what amount

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  4. Notable increase in grants to social security sector leads to budget primary deficit in Nov

    Economy

    to 1.23 billion in November, grants to hospitals jumped to 388 million in November from a total.... Despite the notable over-performance by 806 million in November, the December total revenue figure... to hospitals (at 79.7 percent of the annual target of 1.16 billion) 5) Allowances to families with many

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  5. Pension reform brings painful overhaul in social security contributions for self-employed

    Economy

    35 years old with less than 5 insured years. In OAEE there are 14 insurance grades with the annual... for supplementary, 6.95 percent for health and 4 percent for lump-sum. This brings the total SSC rate... the total tax and contributions burden well above 80 percent of their income. In an effort to appease

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  6. Where things stand on the Greek pension reform proposals
    Photo by MacroPolis

    EconomyProgramme

    for 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 rate. 5) Recalculation of the currently paid pensions based on the new rules, yet in case the new

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  7. Gov't offers improved terms to farmers in bid to break deadlock

    Economy

    and medium agricultural producers so the total tax and social security contributions will be lower than... free threshold of 9,000 – 9,500 euros (from zero at the moment) will be applied to farmers’ total income, including subsidies. Until now, subsidies up to 12,000 were exempt from tax. 5) The definition

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  8. A breakdown of the 5.4 bln in measures that form basis of agreement between Greece and creditors

    EconomyProgramme

    rates applied to the total income) will be replaced by a new progressive scale. Its rates will range... burden up to 5 percent of their income for those with incomes above 50,000 euros. In addition, 92..., and the contributory (variable) pension based on the contributions paid throughout the total number

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  9. Budget for 2017 sees primary surplus at 2 pct on 2.6 bln fiscal measures, strong growth
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    , of which 2.6 billion refer to 2017. The most significant revenue interventions in 2017 with a total... (218.4 million) 5) Increase in the excise tax on tobacco products, including electronic cigarettes (142... social allowances for a total amount of 871 million in 2017, which includes granting the social

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  10. Payment cards up by 3 pct but value of transactions drops by 7 pct in H1 2016

    EconomyBanking

    Following 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

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