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  1. Athens eyes ample cash buffer, prepares for bond swap
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    programme next summer. The creation of this reserve was one of the points agreed at the June 15 Eurogroup...,” was the concluding statement of the June 15 meeting of eurozone finance ministers. The creation of a pool of stand... buffer of between 12 and 15 billion euros. Nine billion of this would come from disbursements

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  2. Despite cuts, pension system still at risk due to old-age dependency
    Photo by Panayotis Tzamaros/Fosphotos

    Society

    of GDP spending on pensions is significantly higher at around 15 percent. Greece also has one... slightly higher than the OECD average. Regarding poverty and age, the report found that in 15 out of 25..., with mixed results. In Estonia, for example, over 15 percent of individuals combine work and retirement

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  3. Fitch upgrades Greek rating to 'BB-', three notches from investment grade
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    and the profile. Additionally, the final disbursement of 15 billion euros will lead to a cash buffer... percent of GDP in the 2019–2030 period, well under the 15 percent Eurogroup target. The debt stock... are not a factor of disruption as New Democracy that leads SYRIZA by 15 percentage points is committed

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  4. Newsletter 173 -07/09/2018

    Newsletters

    employees from 20 to 15 percent over the course of four years (a full term in office). He said... at 909,258 in June. Manufacturing PMI at 53.9 pts in August Figure remains over the 50-point mark for 15..., staying over the 50-mark threshold for 15 straight months as confidence in the sector remains solid

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  5. Newsletter 175 -21/09/2018

    Newsletters

    , the levy on dividends being slashed from 15 to 5 percent, a 30 percent cut in the ENFIA property tax over two years, reduction in contributions to main pensions from 20 to 15 percent, scrapping of trade tax... work made up 40.9 percent and 15 percent of hirings, respectively. In the aggregate period

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  6. Amid market turbulence, Greece searches for scheme to help banks reduce bad loans
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyBanking

    billion are due to be restructured, and the remaining 15 billion to be remedied through auctions... to 15 billion euros of NPEs could be shifted to the new entity. Although official details... the bailout. According to rough estimates, the target of shifting 15 billion euros from the Greek banks

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  7. Turnover in services sector improves slightly in Q1 2019
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    improvements were noted in eight out of 15 services, compared to increases in seven out of 15 services...). On a quarter-on-quarter basis, declines were seen in all 15 sectors. The three largest decreases were

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  8. Turnover in services shows improvement in Q2 2019
    Photo by MacroPolis

    EconomyMacroeconomy

    improvements were noted in nine out of 15 services, compared to increases in eight out of 15 services... 15 sectors. The three largest increases were seen in architectural and engineering activities

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  9. Turnover in services remains broadly positive in Q4 2019
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    improvements were noted in 12 out of 15 services, slightly down when compared to increases in 13 out of 15 services seen in Q3. The three largest year-on-year rises were noted in management consultancy...). On a quarter-on-quarter basis, improvements were seen in all 15 sectors. The three largest

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  10. Gloomy preliminary results for Aegean as state support talk gathers pace

    EconomyFeatures

    quarter down. In a preliminary results release, Aegean Airlines showed that revenues in Q1 dropped by 15 percent year-on-year (YoY) to 146.6 million euros. In January, revenues had risen by 15 percent YoY...-related border closures took hold. Passenger numbers dropped by 15 percent as well, led by a decline

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