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  1. EC sets out improvements Athens should make to primary residence proposal

    EconomyProgramme

    of the property value, lower interest rates with a 2 percentage points (pps) premium over Euribor... loans secured by primary residence collateral. Additionally, the new scheme creates an additional... a number of issues regarding the proposed scheme that relate to banks’ balance sheets and the overall

    100%

  2. Changes to primary residence protection proposed in bid to draw more applications
    Photo by MacroPolis

    EconomyFeatures

    area to their main residence to apply for protection. This concession covers mainly those who live... application process for the protection of a primary residence. The data showed that 44,446 users... for homeowners to settle their debts and protect their residence from repossession. Benefits Around 100,000

    53%

  3. Programme review talks continue, progress on tax, pensions and NPLs at a premium
    Photo by MacroPolis

    EconomyProgramme

    that primary-residence backed mortgages can be exempted from NPL sales for three years. Stathakis...-residence housing NPLs was recently extended until April 15 through a legislative amendment.

    48%

  4. Disbursement delayed until April as lenders wait for primary residence law to be settled
    Photo by EU Council via Flickr https://flic.kr/p/gDK7GV

    EconomyProgramme

    the government and the institutions over the new primary residence framework are holding up the green light... president Valdis Dombrovskis also said there had been significant progress on the primary residence.... In the meantime, work will have to continue on the details of the primary residence framework, which is due

    44%

  5. Athens set to press ahead with primary residence law despite differences with lenders
    Photo by MacroPolis

    EconomyProgramme

    has seen the new primary residence framework, which is due to succeed the Katseli law that expired... framework governing the protection of primary residences from foreclosure without necessarily first... residences. The institutions also raised concerns about the inclusion of the second group of NPLs

    38%

  6. OECD sees potential for recovery in Greek economy, stresses benefits from reforms
    Photo by MacroPolis

    EconomyMacroeconomy

    a revision of the seniority premium. The OECD estimates that product and labour markets reforms... behind this performance relate to administrative capacity constraints, little programme ownership... (from 197.4 percent) in 2017. Upside risks to OECD outlook relate to swift and full implementation

    34%

  7. Primary residence talks continue amid uncertainty about draft legislation
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    The Greek government remained in discussions with the institutions on Thursday over the details of the primary residence framework amid concerns that Athens is set to act unilaterally and table... against primary residences that the government would like to be included in the new framework. According

    30%

  8. HRADF declares international consortium highest bidder for 67 pct stake in Thessaloniki Port
    Photo by Giannis Papanikos/Fosphotos

    Economy

    corresponds to a premium of 67.4 percent on OLTH’s current market capitalisation of 206.74 million. The premium is similar to that paid by COSCO’s in January 2016 for the acquisition of a 67 percent stake in OLP. Specifically, COSCO’s offer stood at 368.5 million, which corresponded to a premium

    27%

  9. Google mobility report illustrates stark drop in activity due to Covid-19
    Photo by MacroPolis

    Society

    for places of residence showed that there was a 20 percent increase in Greeks staying home... vulnerable people, religious events such as funerals, weddings and baptisms, personal or pet exercise

    27%

  10. General gov't cash surplus sees large contraction in Jan-Feb, arrears edge up

    EconomyMacroeconomy

    entities. Similar to January, the state budget recorded the highest surplus at 852 million, yet... million euros, of which 181 million relate to hospitals and 119 million to social security funds. State

    25%