Search
-
Newsletter 350 - 09/09/2022
of the measures. The government is still aiming to trim the primary budget deficit to 2 pct of GDP this year and turn that into a 1 pct of GDP primary surplus next year. This will require a fiscal... put the total amount earmarked for this year at 10 billion euros, with other sources placing
25% -
This is what the ECB’s comprehensive assessment tells us about Greek banks
Agorawere reviewed, while 11,826 collateral items with a total value of 21.44 billion were investigated. Capital needs From a starting point of Common Equity Tier 1 (CET1) capital of 25.8 billion in June... 1 billion in the baseline and 16 billion in the adverse stress test. This resulted in a capital
25% -
Newsletter 94 - 04/11/2016
the tax credit to 1,600 euros (from its current 1,900 euros) with estimated savings of 1 billion euros... of around 1.8 billion in the last three months, the backlog has decreased by 1 billion, indicating.... In the corporate sector the interest rate for loans for amounts over 1 million euros decreased by 76 bps
25% -
NBG net profits decline to 8 mln in Q3, NPLs continue to fall
EconomyBankingby 5.6 billion with negative formations of 2.1 billion and write-offs 3.5 billion, around 2 billion... is the outstanding principal. It encompasses 13,000 loans with collateral of 7,900 properties. The total... coming to 10.6 billion. P&L Net interest income (ΝΙΙ) fell by 1 percent QoQ to 274 million. In 9M, NII
25% -
The Court of Audit's opinion on new pension cuts and its implications
Legalthe compatibility of the cut in question with the articles 2 (1), 5 (1) and 25 (1) of the Greek Constitution which... articles 2(1), 5(1) and 25(1) of the Greek Constitution and article 1 of the First Additional Protocol...According to article 73(2) of the Greek Constitution: “Bills referring to the definite attribution
24% -
Greece lays out plans for debt relief from eurozone
EconomyProgramme50 bps to 1 percent constant for the next 50 years could result in total savings of 25 billion..., corresponding to 23.7 percent of total debt. Of this amount, 27.7 billion relate to Eurosystem holdings... Bills) and is mainly held domestically by banks. In total, the official sector corresponds to close
24% -
Newsletter 10 - 09/01/2015
an overall majority. on the total support for the parties that fail to pass the 3 percent threshold... percent to take 151 seats. If the total support for parties not entering Parliament reaches 10... tax obligations for the month, including an estimated 1 billion for road tax, and instalments
24% -
The targets and deadlines in Greece's privatisation programme
EconomyProgrammeon August 19 envisages an ambitious privatiaation programme with total proceeds estimated at 6.4... for 2015, 3.7 billion for 2016 and 1.3 billion for 2017. A similar total figure of 6.2 billion by 2018... involve: 1) Regional airports divided into two clusters of 7 airports each. The tender was awarded
24% -
Marked improvement for budget execution in Oct, primary surplus outperformance extended
EconomyMacroeconomyis up by almost 1 billion euros, also including the quarterly VAT payment. Total ENFIA revenues... is that due to the delay in the payment of the next sub-tranche of 2 billion, the state resumed deferring non.... Overall, total expenditure declined by 4.8 percent in 10-month period to 37.73 billion, significantly
24% -
Gov't offers improved terms to farmers in bid to break deadlock
Economywere: 1) The farmers’ pension fund (OGA) will remain independent for a 5-year transition period... pension funds (including OGA) into one. 2) Gradual phase-in of social security contributions from... and medium agricultural producers so the total tax and social security contributions will be lower than
24%