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EC sets out improvements Athens should make to primary residence proposal
EconomyProgrammeof 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
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Changes to primary residence protection proposed in bid to draw more applications
EconomyFeaturesarea 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
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Programme review talks continue, progress on tax, pensions and NPLs at a premium
EconomyProgrammethat 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.
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Disbursement delayed until April as lenders wait for primary residence law to be settled
EconomyProgrammethe 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
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Athens set to press ahead with primary residence law despite differences with lenders
EconomyProgrammehas 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
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OECD sees potential for recovery in Greek economy, stresses benefits from reforms
EconomyMacroeconomya 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
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Primary residence talks continue amid uncertainty about draft legislation
EconomyProgrammeThe 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
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HRADF declares international consortium highest bidder for 67 pct stake in Thessaloniki Port
Economycorresponds 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
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General gov't cash surplus sees large contraction in Jan-Feb, arrears edge up
EconomyMacroeconomyentities. 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
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Newsletter 18 - 06/03/2015
weeks (on March 11 and 18, respectively) and relate to the roll-over of 3-month T-Bills worth 1.6... forthcoming transactions. The next key funding obligations this month relate to the payment of 1.5... this month, of which 800 million relate to interest payments and 200 million to other obligations
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