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EU's temporary framework for state aid in response to Covid-19 outbreak
Legalpremiums or lower interest rates. Direct aid to banks to compensate losses resulting directly from..., the European Commission has presented a Temporary Framework concerning state aid measures to support the economy. As State aid measure is defined an advantage in any form conferred to undertakings
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NBG results show net profits of 409 mln euros on strong trading income in Q1
EconomyBankingNational Bank of Greece (NBG) reported a net profit of 409 million euros from continued operations... of corporate and retail loans worth 300 million euros had also been finalised. P&L Net interest income (ΝΙΙ) fell by 4 percent QoQ to 277 million. This reflects mainly the rapid NPE reduction of 4.7
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NBG profits at 661 mln in H1, net interest income at 1.1 bln
EconomyBankingprofit was 567 million euros, from 611 million euros in H1 last year. P&L Net interest income (ΝΙΙ) increased 1.5 percent YoY to 1.1 billion. Net fee income increased by 10 percent to 243 million
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General govt primary cash surplus falls to 2.6 bln in 2-month, arrears up for second month
EconomyMacroeconomy, arrears have grown by 504 million mainly reflecting an increase in SSFs and hospitals’ arrears by 337... exclusively for net arrears clearance. Debt The central government gross debt declined by 1.07 billion euros.... In contrast, the respective figure for the state budget dropped by 611 million to 1.63 billion
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New regime on electricity producers from RES/CHP stations foresees further investments in Greek energy market
Legalof differential increments and tendering (feed-in-premium). The new regime is based on the development of a new support mechanism for the operation of RES (operating aid), which provides a premium in addition... targets, the new scheme adopts the requirements of section 3.3 of the EU “Guidelines for State aid
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Greek banks' capital actions underway, state aid seen as low as 4.7 bln
Economystate aid. The Extraordinary General Meeting (EGM) held on November 14 also approved a reverse split... as the bail-in of securities, meaning that the bank would seek state aid of 2 billion to cover its total capital needs of 4.6 billion. The state aid from the Hellenic Financial Stability Fund (HFSF
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NBG boosts capital base by selling total stake in Finansbank
EconomyBankingat a premium to the current market valuation of 0.8x for Finansbank’s Turkish peers. The transaction... domestic peers. Including the state aid of 2.03 billion euros in the form of Contingent Convertible...-provision income (PPI). In addition, the group’s net loans are set to decrease by 17.5 billion euros
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Are hirings in the public sector out of control?
EconomyFeatures2017 smaller by about 200,000 jobs compared to the end of 2009. This represents a net reduction... (“ordinary staff”), every category of the core and wider public sector has grown in the last three years... for the fact that the headcount has been falling on a net basis every year between 2010 and 2016. Overall
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Newsletter 59 - 22/01/2016
their total tax and SSC burden to more than 80 percent of their net income. A joint committee...). The new offer stands at 368.5 million euros, implying a premium of 70 percent on the company’s...” was the slogan chosen by SYRIZA to instil a sense of optimism in an electorate that had grown weary from
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Income inequality in Greece has grown during crisis, OECD report shows
Societythe average household lost over 8 percent of its real net income annually, well above Spain, Ireland... hold. Reflecting this fall income and the lack of a social net, the crisis period also saw a marked... similar to that for jobless households (based on their net income). It says a possible reason
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