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Tsipras reaches settlement with church, aiming to subdue critics
PoliticsGreek Politicsspends on priests’ wages (roughly 200 million euros a year), which will not increase if there is a rise... on wages. The price that the government has agreed to pay for this is to transfer the roughly 200 million.... In effect, the church has agreed to receive 200 million euros a year in compensation in return
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Pandemic takes heavy toll on Greek workers, study finds
EconomyFeaturesan increase in the number of persons receiving less than 200 euros per month. In Q2 2019, only 1 percent of employees had a net monthly income of 200 euros. This rose to 12 percent in Q2 2020. During the same period, those earning between 200 to 1,200 euros decreased by 11.3 percentage points
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Arrears clearance meets September target, unlocks latest tranche
EconomyProgrammereached 1.44 billion (80 percent of disbursement), while an additional amount of 431 was cleared..., which corresponds to 84% of the 1.8 billion disbursement, hence exceeding the 80% target... of the 1.8-billion relevant disbursement meaning that the 80 percent target of net arrears clearance
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IMF examines how Greece accumulated large pile of unpaid taxes and contributions
EconomyProgramme. Specifically, tax debt represents more than 80 percent of total liabilities to the state. The stock reached... of the total figure. In contrast, 1 percent of debtors owe more than 1 million euros each, accounting for 80... as more than 80 percent is older than three years with a collection rate of almost 2 percent. More
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Newsletter 172 -27/07/2018
questioned The deadly wildfire in Mati, northeast of Athens, which claimed more than 80 lives has... over 80 lives. responsibility for the death and destruction inflicted by the Mati fire. The fact... lending segment came to 27.1 million in June, which took the balance to just under 80 billion euros
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Authorities turn focus back to Covid-19 compliance as latest numbers trigger concern
PoliticsGreek Politicsthat will average 80 per day, this will lead to 11,500 total cases at the end of September, from the current 4,662..., ferries can operate at 80 pct capacity, rather than the previous 60 pct that was in place to minimise..., the subsidy starts at 80 pct and ends up to 60 pct. All previous primary residence protection regimes
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Bridge scheme activated as banks look to avoid second-wave NPL increase
EconomyBankingof the monthly installment for the first quarter, falling to 80 percent in the second quarter and 70 percent... and a contract signed by the end of the year. The monthly installment subsidy starts at 80 percent... settled loans, 7,000 were settled with debt relief solutions. The vast majority of these loans (80 percent
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Government hopes new affordable homes bill can help alleviate housing pressure
PoliticsGreek PoliticsIn Thessaloniki, nominal rents for apartments up to 80 sqm reached 10.55 euros per Sqm, surging 17.6... on accommodation. Eurostat reports that 80 pct of Greek renters allocate more than 40 pct... is about a third of Greece’s national total of 207,000 registered units. Over 80 pct of short-term
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Piraeus Bank reports net profit of 164.3 mln in Q2
EconomyBankingof additional deferred tax asset (DTA) of 200 million euros. The second involves an extraordinary... the conference call, the management indicated that additional DTA of 200 million would be recognized
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Greece's imminent funding problems: All the numbers you need
EconomyProgramme, of which 800 million relate to interest payments, 200 million to other obligations and 79 million... ministerial decision was signed last Friday allowing the government to use a reported 200 million
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