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Greece prepares set of proposals for bridging deal with eurozone
PoliticsGreek Politicsforeseeing a deal that would last until September 1. This means the longer interim deal would include... last week that the government would commit to primary surpluses of 1 to 1.5 percent of GDP instead... is estimated by SYRIZA at 1.86 billion euros and relates to: 1) Subsidized meals for 300,000 poor families
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What is in SYRIZA's 3-pillar programme to overcome the crisis?
Economyinterventions involve: 1) Subsidized meals for 300,000 poor families (estimated cost at 756 million). 2... the poverty threshold (59.4 million) 6) Re-establishment of the Worker Housing Organisation to grant... pillars. The five interventions of this pillar include: 1) Abolition of the single property tax (ENFIA
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A breakdown of Tsipras's pledges on economic strategy in Thessaloniki
Economywill derive from the National Strategic Reference Framework (NSRF) for 2007-2013 (1 billion), the NSRF... have been identified through EU funds and revenues of 6 billion are projected from the settlement... of 4 euros per square meter (cost 54 million). The last measure of this pillar involves a low-cost
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Coalition seeks to quash concerns about complications with Hellenikon development
PoliticsGreek Politicsthan original 6 billion, 80 percent of those investments will be implemented within 12 years instead... in an incremental rise of 1 million tourists per annum. Clearly, in the current environment the government cannot... for the 6.2-million-square-meter site. The project has received some negative publicity from the media
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National Bank reports 1.15 bln H1 profit on back of 1 bln deferred tax
EconomyBankingof PPI performance are net interest income (NII) evolution and cost containment. NII fell 6 percent YoY in H1 but rose 1 percent QoQ with net interest margin (NIM) improving to 2.74 percent in Q2. The quarterly rebound in NII is attributed to Turkey (up 6 percent), while Greek NII eased 1 percent QoQ
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Growth in accommodation and food services turnover slows to 6 pct in Q1
EconomyMacroeconomy2015, albeit at a slower pace of 6 percent from 22.2 percent in Q4 2014, according to Hellenic... in February 24, SETE were saw international arrivals at 25 million, up by 1 million compared to 2014... this increase should be effective as of July 1. If confirmed, this would certainly negatively impact both
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Public debt jumps by more than 6 bln in Q1, nearing 395 bln in total
EconomyMacroeconomyGreece’s central government debt increased by more than 6 billion euros in the first quarter of 2022 to 394.55 billion euros, from 388.34 billion euros in the final quarter of last year, the Finance...-term (up to 1 year) and medium-term (1 to 5 years) debt accounted for 17 percent and 9.4 percent
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Alpha NII rises 6 pct YoY to 829 mln, commissions income up 14 pct
EconomyBankingin H1 and 73 percent from collateral. P&L NII was 829 million euros in H1, up by 6 percent year... in 2023. Recurring operating expenses were down by 1 percent to 414 million euros in H1, from 416... in recent quarters. Capital The fully loaded Common Equity Tier 1 (CET1) ratio in H1 stood at 14.8
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National Bank net profits at 384 mln in Q1, fees up 6 pct YoY to 106 mln
EconomyBankingto a profit of 358 million euros in Q1 2024, a rise of 1 percent year-on-year (YoY). Attributable... interest income (ΝΙΙ) decreased 9 percent YoY to 548 million. Net fee income increased by 6 percent... quality NPEs stayed below 1 billion euros in Q1, with the ratio at 2.6 percent and coverage at 97.5
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Greece seeks to finalise 1 pct of GDP in new tax measures to close review
EconomyMacroeconomymeasures related to pension reform and direct taxes - each yielding 1 percent of GDP (1.8 billion euros) - the government has to identify additional measures of 1 percent of GDP to cover the fiscal gap of 3... to cover this last 1 percent of GDP are primarily focused on raising (indirect) tax revenues and include
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