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Recent study issues warning over ageing population, future pension burden
Societytoday to 1.4 million under an optimistic scenario and 1 million in an adverse scenario, by 2050... to retirees is 1.3 workers to 1 pensioner, with 3.6 million workers paying contributions to the pensions... of individuals older than 65 years for every 100 persons of working age (20 to 64 years). The ratio rose
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Tax cuts set to lead package of post-MoU pledges by Tsipras
PoliticsGreek Politicsthe programme on August 20, which was not celebrated due to its proximity to the deadly wildfire... out of the excess surplus for 2019, which is expected to surpass 1 billion euros. The 2018 excess..., the measures are costed at between 750 million and 1 billion euros, with around 2/3 of the sum
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NBG remains profitable in Q2 with net results of 21 mln
EconomyBankingin the second quarter (Q2), very slightly improving on net profits of 20 million in Q1. Factoring... of small enterprises, totalling roughly 1 billion euros, which are collateralised. P&L Net interest income... covered bonds. Capital The Common Equity Tier 1 (CET1) ratio stood at 16.2 percent in Q2 from 16.5
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GDP growth slows to 0.2 pct QoQ in Q2 due to lower investment, higher imports
EconomyMacroeconomyperiod last year, private consumption increased by 1 percent in Q2, from stable in the previous quarter... by 1 percent this year. Investments Gross capital formation declined by 2.2 percent QoQ following... percent, led by equipment investment where growth will exceed 20 percent. Exports Exports of goods
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Unemployment rate falls to 19 pct in Q2
EconomyMacroeconomythat the rate of unemployment has fallen under 20 percent. Compared to the same period last year...-on-quarter, taking the figure to under 1 million for the first time since Q3 2017. This was combined... declines. The number of long-term unemployed (over 1 year) declined for a sixth continuous quarter
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Coalition optimistic about pension cuts deal as it readies reduction to contributions
PoliticsGreek Politicssuggests that the figure may even reach more than 1 billion euros, without giving further details... and 33.35 percent. According to the draft law, contributions to the main pension will be reduced from 20... party’s spokesman said on Tuesday that the conservatives would stick to the 5:1 departures
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Newsletter 183 -16/11/2018
of GDP primary surplus target in 2019 even if does not go ahead with the 1 percent of GDP reduction..., contributions to the main pension will be reduced from 20 percent to 13.33 percent for the self-employed..., apartment prices rose by 1 percent, gaining slightly on the previous quarter-on-quarter rise of 0.8
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Unemployment rate declines to 18.3 pct in Q3
EconomyMacroeconomyof unemployment has fallen under 20 percent. Compared to the same period last year, the jobless rate...-on-quarter, keeping the figure under 1 million for a second consecutive month, and coming to around...) rose slightly to 20.6 percent in Q3 from 20.3 percent in Q2. The number of long-term unemployed (over 1
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Unemployment rate inches up to 18.7 pct in Q4
EconomyMacroeconomy2011 that the rate of unemployment has been below 20 percent. Compared to the same period last year... 9,300 quarter-on-quarter. The number of unemployed came to around 881,100 in Q4, staying below the 1... percent in Q4, unchanged from Q3. The number of long-term unemployed (over 1 year) declined
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NBG reports full year net profits of 50 million euros from continued operations
EconomyBankingNational Bank of Greece (NBG) reported a net profit of 1 million euros from continued operations... QoQ at 269 million. In the full year, NII fell by 20 percent to 1.09 billion from 1.37 billion... The Common Equity Tier 1 (CET1) ratio stood at 16.1 percent in Q4 from 16.4 percent in Q3, which
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