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Tag Archives: reduction

Greece’s banks to reduce €50million of bad loans by 2021, says bank CEO

Greece’s four systemic banks plan to reduce the non-performing loans between now and 2021 by 50 billion euros ($ 56 billion), the CEO of Piraeus Bank, told CNBC on Tuesday. In the case of Piraeus, the aim is to reduce the NPLs by 15 billion euros until 2021, CEO Christos …

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DESFA to lower natural gas transmission fees for businesses and households

Households and businesses will see a small reduction in the prices of natural gas as the National Natural Gas Transmission System Operator SA (DESFA) announced it would lower its fees on the use of natural gas transmission infrastructure from May 1, 2018. The benefit is expected to be rolled over …

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Greece’s Lawmakers grant themselves a tax gift of up to €2,000

Greece’s ministers, lawmakers, mayors and other high-ranking public officials are able to enjoy generous tax reductions reaching up to 2,000 euros per year. A Greek daily revealed that the reductions affect the so-called Solidarity Levy. The parliament voted in favor of such decreases already May 2016. The provision was included …

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Troika rejects decrease in heating oil tax; Greeks to freeze another winter

Greece’s lenders, the Troika rejected two of Greek government plans: the tax reduction in heating oil and the broadening of income criteria for those entitled to heating oil allowance. The government had proposed to decrease at 15% the Special Consumption Tax for heating oil and avoid the freezing of Greek households and the incredible air pollution of …

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Greek PM to farmers: VAT reduction in agricultural supplies within …the 4 years of his governance

It touches the edge of pathetic when a prime minister of a country wants to please certain professional or society groups but his hands are tight by external forces, while other interests groups are just lurking to jump in and demand similar privileges. Speaking at the Greek Parliament on Tuesday, prime …

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