Tag Archives: amount

The much anticipated online platform for submitting ‘Market Pass’ applications to receive a small financial aid for purchases will open on Tuesday, February 21, 2023, the government spokesman announced on Monday. “Beneficiaries are approximately 85% of Greek households,” he added. Beneficiaries with Tax number ending in 0 to 4 will …

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Greece on Tuesday successfully auctioned a new 10-year bond raising around 3.5 billion euros from the market with the interest rate of the issue set a 4.4%. The Public Debt Management Authority said in an announcement that investor interest in the auction was very strong with offers reaching 22 billion …

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Greece has raised 1.5 billion euros from the reopening of a 10-year bond issue, with the yield of the bond set at an historic low of 1.5 pct. Offers exceeded 7 billion euros. What is more important is the increased participation of institutional investors in the bookbuilding process that markedly …

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The International Monetary Fund is urging the European Union, it must give Greece “upfront and unconditional debt relief” or it will refuse to part-find the latest bailout program. Without immediate action the financial plight of the recession-ravaged country would deteriorate dramatically over the coming decades, the IMF warned in a …

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The response to Greece’s attempt to tap the markets on Tuesday confirmed that the country’s economy was on course for recovery and a final exit from bailout programmes, Greek government sources said on Tuesday. “Greece’s return to the markets was crowned with absolute success and confirms the good course of …

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The much anticipated return to the bond markets is on. Greece’s government is returning to the financial markets for the first time since 2014. The bond sale started at 1 p.m. Monday noon July 24th. 2017. The government aims to raise some 4.03 billion euros from the auction, while the …

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The European Union is getting ready to assist Greece in the Refugee Crisis. In the usual slow bureaucratic pace, but…. Tomorrow, Wednesday, Brussels is expected to approve an Aid package so that Greece can cope with the Humanitarian crisis. According to media, Greece asked for 450 million euro, the EU …

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Finally a bank deal to get rid of non-profit bringing subsidiaries. Qatar’s National Bank acquired the Finansbank stake of National Bank of Greece for €2.7 billion. The stake of National Bank in Turkey’s Finansbank was 99.81 percent. However, Greek media report that the acquisition price is much higher as the …

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The amount of capital requirement for the recapitalization of Greece’s four systemic banks may fall much lower than estimated a couple of months ago. “The amount could be 14 billion euro,” Greek media report noting that “this creates optimism in the government and the Greek bankers that the recapitalization will …

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One million people are going to see several hundred euro in their pockets as of May 9th 2014. Greek media report of an agreement between the Greek finance ministry and Samaras junior coalition partner PASOK on the categories and the social dividend amount that will be distributed from the primary …

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Greece’s Council of State dropped a small bombshell right in the middle of Troika-imposed radical income decreases. The Council of State has reportedly ruled that cuts made to the wages of members of the armed forces, police, coast guards and firemen in August 2012 were unconstitutional and that the government …

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for the first time since the country sought the ‘economic rescue’ by the IMF, Greek Labor Ministry published a full record of the number of pensioners and pensions distribution. The data has been collected for 93 social insurance funds. For the vast majority of Greece’s seniors the pension is very …

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