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Athens holds fire on debt schemes, prepares tax relief measures
EconomyProgrammecontributions will offer relief to more than 1 million debtors with a total of 35 billion euros... in 2017 included dropping the basic income tax rate from 22 to 20 percent and scrapping the so-called.... Reports suggest that the package being considered by the government could cost as much as 1 billion
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BoG report highlights economic challenges, proposes way forward
Economythat the European Commission estimated in its latest post-programme report in the volume of 1 percent... confirmed while capital adequacy remains satisfactory at 15.5 percent, with the Common Equity Tier 1... of 20 percent of NPL ratio by the end of 2021. The bank reiterates that this pace of reduction
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ND prepares first three bills for votes before Parliament's summer recess
PoliticsGreek Politicsto 70,000 euros, 25 percent for properties worth 70,000 to 80,000, 20 percent for properties ranging from 80,000 to 1 million, which relates to 1.5 million middle class taxpayers, and 10 percent for the 14,706 people who own property worth more than 1 million euros. Interior Minister Takis Theodorikakos
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General govt primary cash surplus at 1.78 bln in June, arrears drop by 3 mln
EconomyMacroeconomyalso rose by 195 million euros to 20.62 billion euros, a rise of 1 percent YoY. In the category... to stand at 1.91 billion euros, representing under 1 percent of the total. Guarantees The stock of gg... static and came to 350 million euros. Gg entities rose by 20 million month-on-month, while non-gg
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Despite differing views IMF and EC see no immediate debt sustainability concerns
EconomyProgrammepercent, from 1 percent in March 2019, with short term growth seen 2.1 percent on average in 2019-2020... balance is expected to be 1 percent of GDP lower in 2019-2025 in the IMF’s view, reflecting the Fund’s... needs stay comfortably below the long term GFN-to-GDP threshold, set by the Eurogroup at 20 percent
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Newsletter 229 -22/11/2019
years. The overall surplus will reach 1 percent of GDP in 2020, in keeping with the requirements... GFN-to-GDP threshold, set by the Eurogroup at 20 percent, in fact staying below 15 percent of GDP... the target by 811 million. Overall, the PIB balance landed on a deficit of 1 billion euros. Greece’s
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APS bill tabled, allowing use of 12 bln in state guarantees to reduce NPLs
EconomyBankingof the securitisation, once 50 pct+1 of the junior notes have been sold to private investors and a satisfactory... is slightly more relaxed than the Italian criterion of having sold 50 pct+1 of both mezzanine and junior... targets, which sees their fees payments held back if collections miss their target by 20 percent
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Deadline looms for troubled home protection scheme as insolvency law is lined up
Economypercent of bad mortgages and roughly 20 percent of consumer loans. Mortgages in mid-2019 stood... to an electronic platform launched on July 1 that allowed banking privacy to be lifted but had... drastically in the course of the year as protection is lifted from May 1. Aside from banks being able
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Newsletter 250 -11/05/2020
percent. Primary cash surplus at 774 mln in March Study suggests 1 in 3 employees could work remotely... from home. Among the category of professionals, 46 percent are teachers, 20 percent are business... make up just 1 percent. On the other hand, industrial plant, machinery and equipment operators have
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NBG results show net profits of 409 mln euros on strong trading income in Q1
EconomyBankingoperations, results came to a loss of 1 million euros versus a loss of 571 million euros in Q4... quarter-on-quarter (QoQ) to 137 million. Year-on-year (YoY) fell by 1 percent compared to Q1 2019..., the bank said. Covid 19 Regarding the impact of the coronavirus, the bank noted that less than 20
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