Category: FINANCE

PwC: Value of approved, but unfinished infrastructure projects in Greece valued at 25 bln€
FINANCE
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FINANCE
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PwC: Value of approved, but unfinished infrastructure projects in Greece valued at 25 bln€

Panos - May 23, 2019

Uncompleted infrastructure projects in Greece are valued at 25 billion euros, according to the annual PwC study on the specific…

Thousands of applications filed in first 2 days of e-platforms to settle tax, social security arrears
FINANCE
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FINANCE
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Thousands of applications filed in first 2 days of e-platforms to settle tax, social security arrears

Panos - May 23, 2019

More than 13,000 applications - by individual taxpayers and businesses - had been received by Wednesday on a new electronic…

IMF’s shocking admission: We delayed restructuring of Greek debt to save Euro Banks
FINANCE
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FINANCE
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IMF’s shocking admission: We delayed restructuring of Greek debt to save Euro Banks

Panos - May 22, 2019

The International Monetary Fund’s Executive Board acknowledged serious failures and omissions on its part in the implementation of several programs,…

ΟΕCD: Pre-election measures by Tsipras govt may undermine Greece’s fiscal credibility
FINANCE
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FINANCE
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ΟΕCD: Pre-election measures by Tsipras govt may undermine Greece’s fiscal credibility

Panos - May 22, 2019

The OECD issued its own “warning bell” on Tuesday, a day after Fitch ratings expressed its concern, over the possibility…

Greek FinMin confirms: Strict reax by ESM’s Regling over recent govt measures
FINANCE
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FINANCE
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Greek FinMin confirms: Strict reax by ESM’s Regling over recent govt measures

Panos - May 21, 2019

Greek Finance Minister Euclid Tsakalotos on Monday admitted that Athens' delegation at a Eurogroup meeting last Thursday was the recipient…

European Commission ‘creepy’ Orwellian-type tweet causes backlash
FINANCE
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FINANCE
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European Commission ‘creepy’ Orwellian-type tweet causes backlash

Panos - May 21, 2019

The European Commission, the executive arm of the EU, faced backlash online over the weekend after it tweeted out a…

Fitch ‘warning bell’ over recent loosening of Greek fiscal ‘strings’
FINANCE
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FINANCE
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Fitch ‘warning bell’ over recent loosening of Greek fiscal ‘strings’

Panos - May 21, 2019

The abruptly announced loosening of fiscal discipline by the Greek government last week - modest tax breaks, a lowering of…

461-million-euro contract for replacement of urban buses in Athens, Thessaloniki
FINANCE
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FINANCE
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461-million-euro contract for replacement of urban buses in Athens, Thessaloniki

Panos - May 20, 2019

Several major bus makers are reportedly ready to vie for a 461-million-euro contract that envisions the replacement of 32 percent…

Finance ministry: First VAT cuts to take effect on Mon.
FINANCE
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FINANCE
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Finance ministry: First VAT cuts to take effect on Mon.

Panos - May 17, 2019

The finance ministry on Thursday afternoon announced that reductions in certain categories of VAT rates will come into effect on…

Turkish Stream to start its operation in December
FINANCE
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FINANCE
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Turkish Stream to start its operation in December

Panos - May 16, 2019

Gazprom has confirmed the fact that the first quantities of gas – estimated at 31.5 billion cubic meters – will…

BoG Gov.: No fiscal space left in 2019 for more benefits
FINANCE
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FINANCE
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BoG Gov.: No fiscal space left in 2019 for more benefits

Panos - May 16, 2019

Bank of Greece (Gov) Yannis Stournaras sounded warning bells over the current Tsipras government pre-election measures, saying there is no…

High single-digit difference between ND, SYRIZA in new poll on Thurs
FINANCE
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FINANCE
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High single-digit difference between ND, SYRIZA in new poll on Thurs

Panos - May 16, 2019

A 7.6-percentage point difference between main opposition New Democracy (ND) party and ruling SYRIZA is the result of a latest…

World Bank gives credit to Belt And Road construction
FINANCE
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FINANCE
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World Bank gives credit to Belt And Road construction

Panos - May 15, 2019

The organization believes that the Belt and Road Initiative (BRI) is an ambitious effort to improve regional cooperation and connectivity…

FinMin promises lower VAT rate for Greeks’ beloved coffee – but only on shelves
FINANCE
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FINANCE
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FinMin promises lower VAT rate for Greeks’ beloved coffee – but only on shelves

Panos - May 15, 2019

Greece’s finance minister on Tuesday promised a reduced VAT rate for coffee and other beverages on super market shelves, but…

Athens 16th in Europe as destination for conventions, conferences
FINANCE
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FINANCE
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Athens 16th in Europe as destination for conventions, conferences

Panos - May 14, 2019

Athens reached 16th place, from 18th, on the relevant European ranking for conferences and conventions in 2018, according to results…

100 scientists call on Greek government to stop oil drilling in Ionian Sea
FINANCE
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FINANCE
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100 scientists call on Greek government to stop oil drilling in Ionian Sea

Panos - May 14, 2019

One hundred scientists and internationally recognised bodies have issued an appeal to Greek PM Alexis Tsipras to suspend oil drilling…

ESM announces extension of maturity of 96.3 bln€ worth of EFSF loans granted to Greece, by 10 years
FINANCE
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FINANCE
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ESM announces extension of maturity of 96.3 bln€ worth of EFSF loans granted to Greece, by 10 years

Panos - May 14, 2019

The maturity for European Financial Stability Facility (EFSF) loans extended to Greece over the 2012-2014 bailout period, reaching the stratospheric…

Creditors: Tuesday’s pre-election tax, pension package by Tsipras will be assessed
FINANCE
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FINANCE
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Creditors: Tuesday’s pre-election tax, pension package by Tsipras will be assessed

Panos - May 09, 2019

Greece's institutional creditors, mostly European and Eurozone partners, on Wednesday replied that abruptly announced tax breaks, VAT reductions, a partial…

Commission forecasts for Greek GDP growth slightly down from Feb. projections
FINANCE
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FINANCE
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Commission forecasts for Greek GDP growth slightly down from Feb. projections

Panos - May 09, 2019

The Commission's spring forecast for the course of the Greek economy are moving slightly lower than the immediately previous forecast,…

Bloomberg: Athens wants to lower fiscal target for 2020-22
FINANCE
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FINANCE
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Bloomberg: Athens wants to lower fiscal target for 2020-22

Panos - May 09, 2019

Bloomberg on Wednesday pointed to a Greek government initiative to persuade institutional creditors to allow a lowering of the target…