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  1. Multi-bill tabled in Parliament, paves way for sale of NPLs

    EconomyProgramme

    from resolved banks have been undertaken by the Bank of Greece (BoG). Until February 15, a total... in position allowances. The total annual cost of these changes is estimated at around 300 million... for 2017 and 2018. The GAO report notes that the total amount of cost saving is projected at 137 million

    3%

  2. Unemployment rate fell further to 24 pct in Q3 on seasonally increased employment
    Photo by MacroPolis

    EconomyMacroeconomy

    . However, the percentage of long-term unemployed to total jobless increased to 73.7 percent, its highest level over the past four quarters. Part time employment eased to 9.1 percent of total employed..., this year’s figure indicates the third highest reading since 2001. From the total of 1.67 million

    3%

  3. Notable increase in grants to social security sector leads to budget primary deficit in Nov

    Economy

    to 1.23 billion in November, grants to hospitals jumped to 388 million in November from a total.... Despite the notable over-performance by 806 million in November, the December total revenue figure... to 5.58 billion, which is slightly below target of 5.65 billion. Overall, total expenditure fell

    3%

  4. Pension reform brings painful overhaul in social security contributions for self-employed

    Economy

    for supplementary, 6.95 percent for health and 4 percent for lump-sum. This brings the total SSC rate... the total tax and contributions burden well above 80 percent of their income. In an effort to appease... an upper limit on the sum of tax and contributions, thus alleviating the total burden on self-employed

    3%

  5. Where things stand on the Greek pension reform proposals
    Photo by MacroPolis

    EconomyProgramme

    for a 3-year period by a total of 1.5 percentage points (pp), 1 pp for employers and 0.5 pp for employees... earnings of each employee for the total number of working years after applying a progressive replacement... with a total social security and tax burden above 80 percent of their income. A committee with experts

    3%

  6. Newsletter 60 - 29/01/2016

    Newsletters

    rose at an accelerating pace by 1.65 billion in December to reach a total of 13.5 billion for the year... in Greece during the year. They had saved a total of 1,322 people in 39 incidents. During 2015... relocated against a promised total of 66,400 over two years. Greece also deported 16,015 people

    3%

  7. Labour Ministry 2015 data shows increase in employment, marginal drop in average wage

    Economy

    employing a total number of 1.67 million employees in 2015. Three quarters of firms were employing up... of the total employees are concentrated. The breakdown by business activity showed 18 percent of firms were... in the retail trade, 10.4 in catering and food services and 10.1 percent in wholesale trade. The total number

    3%

  8. HFSF Q3 report shows 23 bln valuation losses in Greek banks
    Photo by MacroPolis

    EconomyBanking

    of the share valuation losses and the warrant gains resulted in total valuation losses of 8.27 billion.... During the 9-month period of 2015, the fund received a total amount of 208.7 million from the 12... in the domestic banking index since the imposition of capital controls, the market value of HFSF’s total

    3%

  9. Gov't offers improved terms to farmers in bid to break deadlock

    Economy

    and medium agricultural producers so the total tax and social security contributions will be lower than... free threshold of 9,000 – 9,500 euros (from zero at the moment) will be applied to farmers’ total... from farming makes up at least 51 percent (from 35 percent currently) of total income will fall

    3%

  10. Unresolved pensions issues complicate the fiscal front

    EconomyProgramme

    Center for Social Security Services (IDIKA) for July showed a total number of 2.66 million pensioners received a total monthly amount of 2.38 billion. Those pensioners received 4.56 million pensions... to surcharges and penalties. KEAO figures also showed that 12.4 billion or around 81 percent of total SSC

    3%