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A breakdown of the 5.4 bln in measures that form basis of agreement between Greece and creditors
EconomyProgrammeand indirect tax measures, with estimated revenues or cost savings of 1 percent of GDP (1.8 billion... retirement pay amount exceeds 1,300 euros, rise in contributions for supplementary pensions by 1
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Outline of fiscal mechanism for automatic cuts emerges after Eurogroup
EconomyProgrammewill be effective from June 1. If there is a divergence from the target between 0.26 and 0.75 percent... will be 1 percent of GDP. For a shortfall of 1.26 to 1.75 percent, the measures will have to reach
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Drop in building activity slows to 12.2 pct in February
EconomyMacroeconomyalso fell by 16.6 percent, while the respective volume edged up by 1 percent in February. In absolute.... The institutions’ forecasts point to a further decline by 5 percent in 2016 and 1 percent in 2017
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With review completion in sight, which way next for Greece?
Agoralifting for the time being. The 1 percent of GDP in further fiscal measures (mostly rises... will have to be activated, and to achieve a much bigger corrective adjustment (say 0.5 to 1 percent
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Government faces tight schedule for amendments to bailout legislation
EconomyProgrammeactions by June 1, before the meeting of the ECB Governing Council on June 2, which is expected... sub-tranche. Houliarakis said that 1.8 billion euros (1 percent of GDP) of this amount will be used
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Access to finance remains far bigger problem for Greek SMEs compared to euro area peers
EconomyMacroeconomythe lowest and well below the euro area average of 17 percent. On a scale of 1 – 10, Greek SMEs... countries reported declines in their debt to assets ratio, SMEs in Greece signalled an increase of 1
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Government hopes offer of tax breaks and grants will spark growth boost
EconomyMacroeconomystudy revealed that an investment of 1 euro in one quarter results in a cumulative increase of GDP... 1 billion. The two scenarios assume state subsidies of 3.5 billion. Market sources note that around
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Corporate lending rates resume upward trend in April, time deposit rate stable
EconomyMacroeconomyGreek households’ new time deposit rate slipped by 1 basis point (bp) to 0.87 percent in April from 0.88 percent in March, Bank of Greece (BoG) data showed on Friday. The headline figure indicates... to 250,000 euros rose by 25 bps to 5.87 percent, for amounts between 250,000 and 1 million euros by 19
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Newsletter 77 - 10/06/2016
cumulatively 10 billion in the next 25 years, while is expected to result in an incremental rise of 1..., electricity production slipped 1 percent. Mining and quarrying plummeted 24.3 percent
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Stocks plunge 8.8 pct over week in aftermath of UK referendum outcome
Economysession and closed at 534.78, its lowest level since March 1 reversing a strong rebound in the preceding..., namely Grivalia Properties (+2.8 percent) and Jumbo (+1 percent). In contrast, the biggest weekly
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