Alpha Bank’s weekly economic report shows a marginal increase in deposits held in Greek banks, by 0.4 percent, in June 2016. The tiny increase is, nevertheless, important, given that the…
Finance ministry data shows that 6.35 million taxpayers in Greece will receive a notice to pay their share of a still imposed property tax, known as ENFIA in the country.…
Greece’s balance of trade deficit dropped by 3.1 percent in June, according to figures released on Friday by the semi-autonomous statistical bureau (EL.STAT).
The trade deficit reached 1.463 billion euros…
Two wanted fugitives well-known for their involvement in so-called anti-state actions, including indictments for armed robbery, were arrested on Thursday afternoon in Sparta, in extreme southern Greece.
Kostas Sakkas disappeared…
Procedures for imposing a 48-hour suspension on businesses that don’t issue legal receipts or who engage in other types of tax evasion were detailed in a ministerial decision published in…
By A. Tsiblakis
Chinese multinational Cosco’s investment budget for the Piraeus Port Authority (OLP) totals approximately 600 million euros, a figure repeatedly cited by company executives in the lead-up to…
By A. Tsiblakis
The “Cosco era” begins at the port of Piraeus next week, as the Chinese multinational is ready to assume control of Greece’s largest and busiest port after…
A wide majority of Parliament MPs, 210 out of a total of 300, voted in favor of an amendment on Thursday that allows the construction of a state-supervised mosque in…
Arrears towards the tax bureau are just shy of 90 billion euros, with an increase of 1.2 billion euros tacked on in June2016 alone to a recently designated “new arrears”…
The leftist Greek government has abruptly tacked on a 3.6-percent stamp duty to the monthly bonuses paid out to thousands of families with three or more minors under the age…
A third municipality in Greece is headed for bankruptcy, and specifically the municipality of Acharnes, to the northwest of central Athens.
Despite cuts and efforts to raise revenues, the municipality…
By T. Tsiros
The level of July’s missed revenue target has reportedly shrunk the surplus from a better than expected six-month period in the first half of 2016.
Up until…
Greek FinMin Euclid Tsakalotos on Wednesday told members of a relevant Parliament committee that the government will not take additional austerity or tax measures, adding that figures for a new…
The head of the finance ministry’s relevant revenue department this week cited a plan to carry out 30,000 inspections of businesses during the ongoing summer holiday season, the peak tourism…
Warning bells sounded at Greece’s finance ministry this week with the announcement that net revenues for July 2016 missed the budget target by 500 million euros, an ominous sign given…
A new code of ethics for Greek banks is expected to boost efforts at reducing the “Olympus-sized” mountain of non-performing loans (NPLs) in the country, especially of mortgages and property-linked…
A handful of hedge funds are apparently returning to Greek state bonds exactly one year after a third memorandum bailout was signed, in search of higher yields amid a global…
By S. Papapetros
Greek lender Alpha Bank and officials from the bank’s employee association on Tuesday announced a new work contract between the two sides for the next three years.…
Bank of Greece (BoG) Yannis Stournaras this week appeared optimistic over the Greek economy’s prospects, saying developments were more positive in the country than previously.
Stournaras referred to figures now…
A report by Greek lender Eurobank warns that the country does not have a “road map” for exiting the still imposed regime of capital controls, a leftover from last year’s…
By G. Palaitsakis
The finance ministry this week warned that it will activate provisions in the tax code to temporarily close down businesses that do not issue legal receipts or…
By T. Tsiros
The gap in the 2016 state budget over the January-July period from privatizations will reach 80 to 90 million euros, with delays in finally transferring a majority…
By F. Zois
A sole binding bid was submitted on Monday in a tender for building a logistics-shipping center in the Thriasio industrial district, west of Piraeus. The bid was…
This August may not have the “high drama” that the corresponding month in 2015 witnessed, which saw the government sign and ratify a third bailout memorandum, yet several goals lie…
A sealed tomb dating to the Byzantine era was discovered by chance in the mountainous Zagori district of northwest Greece this week.
The tomb is located next to a basketball…
A draft bill liberalizing the framework for new forms of financing by Greece’s crisis-battered companies will soon be tabled in Parliament, satisfying a standing demand by the Athens Stock Exchange…
By S. Papapetros
A new round of decreases in supplementary pensions begins on Tuesday via the recalculation, downwards, of both primary and supplementary monthly social security benefits.
The decreases emanate…
Recent geopolitical developments in Greece’s “surrounding neighboring” are deemed to have negatively affected the tourism outlook for the current season, according to a report by the Association of Greek Tourism…
By F. Zois
An unsuccessful sixth consecutive tender for the creation of a logistics center in the Thriasio industrial district, west of the port of Piraeus, is expected to cause…
By A. Tsiblakis
A team of Cosco executives is currently evaluating all of the Piraeus Port Authority’s (OLP) operations, on a day-to-day basis, in order for the Chinese multinational to…
