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Grand projects and even loftier ambitions drive Greece's energy project bonanza
EconomyFeatures, with the potential to upgrade to 20 bcm/y by 2025. At this point, the pipeline will contribute a small but highly... gas company DEPA recently signed a cooperation agreement, giving it a 20 percent stake in the project.... If developed, it would offer storage capacity of up to 1 bcm. Energean estimates the cost
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ND ready to flesh out its policy agenda, with focus on tax plans
PoliticsGreek Politicsdismissals in the public sector but said that he would enforce a 1:5 ratio for hirings to departures... accepted a proposal for the minimum monthly payment to be reduced from 30 to 20 euros for individuals owing... finances. A 20 percent reduction next year, which was the original plan, would have led
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Newsletter 226 -01/11/2019
will probably be taken in April 2020 and that the fiscal targets may be reduced by 1 to 1.3 percentage... shifted the entire Greek yield curve over the last six months, with all issues up to 20 years now... than 20 percent of total debt, or less than 40 percent of GDP. The budget primary balance recorded
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Government opts for modest tax relief, but who will benefit?
EconomyFeaturesprofessionals also introduced in the 2011 tax package, brought in 386.3 million euros in 2017. Approximately 1... terms, the requirement represents an achievable ramp-up from the current requirement of 20 percent... relief package, at 541 million euros. The government has pledged a to lower corporation tax to 20
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PM trails switch in tax cuts, admits misstep in approach to migration
PoliticsGreek Politicsreduced corporation tax from 28 to 24 percent last year and had been due to cut it from 24 to 20 percent... to financial news website Euro2day, the government now intends to reduce corporation tax by 1 percentage point each year so that it reaches 20 percent by the end of New Democracy’s four-year term
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Greek banks eye positive market appetite for bad loan sales
EconomyBanking1 billion euros that will result from the securitisation will be covered by the issue of a bond... to date, code-named Galaxy. This securitisation is anticipated to halve NPEs to 20 percent this year from... systemic banks have agreed with the ECB/SSM to reduce their NPL ratios below 20 percent. However, even
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Uproar over minister's home protection comments underscore sensitive nature of challenge
PoliticsGreek Politics, however, has been disappointing. Between July 1 and December 20 2019, just over 57,000 applicants..., including generous haircuts, repayment extensions, and a government subsidy covering 20 to 50 percent
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Covid-19 presents new, significant challenge in banks' effort to reduce NPLs
EconomyBankingtargets submitted to the ECB’s supervisory authorities, the ratio is due to drop to 20 percent... if a fifth of loans in the system remains in the red, at 20 percent Greece will be an outlier from... of the year will exceed 1 billion euros. The BoG notes that despite the record tourism seasons
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EU funds seen as cushioning Covid-19 impact, giving govt fiscal space
PoliticsGreek Politicssecurity contributions this month, there could be a further 1 or 1.1 point cut in three months. Proto... to To Vima’s sources, the reduction of corporate tax from 24 to 20 pct is one of the Finance Ministry’s... activity caused by the pandemic. Over March and April, for instance, contributions were down by 20 pct
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Banks step up securitisation drive following pandemic interruption
EconomyBankingand junior notes. doValue purchased 20 pct of the mezzanine notes and the minimum requirement... on the securitisation of the Phoenix portfolio worth 2 billion euros, with the senior notes in the region of 1..., with an average value of 90,000 euros - 67 pct are denounced and they have an average duration of 20 years
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