Category: FINANCE

Greece at 60th position on World Bank’s list
FINANCE
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FINANCE
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Greece at 60th position on World Bank’s list

ilias1 - Oct 29, 2015

Greece fell two places to 60th, from 58th last year, in World Bank's list of 189 countries based on setting…

Criminal proceedings brought against Savvaidou
FINANCE
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FINANCE
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Criminal proceedings brought against Savvaidou

ilias1 - Oct 29, 2015

The recently-dismissed General Secretary of Public Revenue Katerina Savvaidou will face criminal charges in relation to her alleged involvement in…

More than 24,000 euro the cost of interview with G. Varoufakis
FINANCE
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FINANCE
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More than 24,000 euro the cost of interview with G. Varoufakis

Panos - Oct 29, 2015

Italian politicians have expressed outrage after it emerged that public broadcaster RAI paid Greece’s flamboyant former finance minister Yanis Varoufakis…

Moscovici to visit Athens next week
FINANCE
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FINANCE
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Moscovici to visit Athens next week

Panos - Oct 29, 2015

EU Commissioner for Economic and Financial Affairs Pierre Moscovici will visit Athens on Tuesday, according to the European Commission spokeswoman…

Government seeks € 300 million worth of alternative measures
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FINANCE
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Government seeks € 300 million worth of alternative measures

ilias1 - Oct 29, 2015

The coalition government is seeking out alternative measures worth 300 million euros in order to avoid imposing a 23% VAT…

Greece should stick to reforms
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FINANCE
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Greece should stick to reforms

Panos - Oct 29, 2015

Greece should stick to reforms it has agreed with its lenders as part of a third bailout, German Foreign Minister…

EWG decides on whether 2-bln will be disbursed to Greece
FINANCE
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FINANCE
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EWG decides on whether 2-bln will be disbursed to Greece

Panos - Oct 29, 2015

The government maintains that it has already covered 90% of the prior actions that European officials demanded, however EU creditors…

Alpha Bank launches exchange offer on outstanding debt
FINANCE
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FINANCE
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Alpha Bank launches exchange offer on outstanding debt

ilias1 - Oct 29, 2015

Alpha Bank became the second Greek bank to launch an exchange offer on its outstanding subordinated and senior bonds in…

European Commission to provide technical assistance to Greece
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FINANCE
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European Commission to provide technical assistance to Greece

ilias1 - Oct 28, 2015

The European Commission and Greece published on Monday a partnership agreement to provide technical cooperation to Greece to support the…

Budget: Primary surplus despite a decline in tax revenue
FINANCE
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FINANCE
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Budget: Primary surplus despite a decline in tax revenue

ilias1 - Oct 28, 2015

A three-billion euro primary surplus was documented at the end of September, despite tax revenue having dropped by about two…

EU to throw out mobile roaming charges for citizens
FINANCE
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FINANCE
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EU to throw out mobile roaming charges for citizens

ilias1 - Oct 28, 2015

The EU has thrown out roaming charges on mobile phone usage within the union, the parliament’s voting showed on Tuesday.…

Cyprus bank deposits increase in September
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FINANCE
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Cyprus bank deposits increase in September

ilias1 - Oct 28, 2015

Bank deposits in September have increased overall by 225.6 million euros, the Central Bank of Cyprus has said in a…

State revenues miss target by 2 billion euros
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FINANCE
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State revenues miss target by 2 billion euros

ilias1 - Oct 28, 2015

Budget data paint a dramatic picture, especially in the revenues department, owing to the inability of citizens to pay their…

WSJ: Europe needs Greece to control the influx of refugees
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FINANCE
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WSJ: Europe needs Greece to control the influx of refugees

ilias1 - Oct 28, 2015

The Wall Street Journal published an article on the refugee issue commenting on the decisions taken at EU Summit on…

Government considers increasing employer pension contributions
FINANCE
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FINANCE
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Government considers increasing employer pension contributions

ilias1 - Oct 28, 2015

The government is considering the possibility of increasing employer pension contributions, in an effort to avoid carrying out any cuts…

Greece’s austere surrealism: to tax schools or cars?
FINANCE
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FINANCE
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Greece’s austere surrealism: to tax schools or cars?

ilias1 - Oct 28, 2015

Following punitive VAT hikes on 40,000 food items on July 20th, the Greek government must find new taxation targets. Tax…

Greece aims for growth return by 2016
FINANCE
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FINANCE
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Greece aims for growth return by 2016

ilias1 - Oct 28, 2015

Greece aims to restore the economic development pace quickly and return to growth by 2016, Economy Minister George Stathakis said…

Spyros Louis honoured with Euro coin
FINANCE
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FINANCE
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Spyros Louis honoured with Euro coin

ilias1 - Oct 28, 2015

Olympic marathon runner Spiridon 'Spyros' Louis will soon be featured on the Greek €2 coin. The decision to honour the…

Govt seeks to pass through draft bills using fast-track procedures
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Govt seeks to pass through draft bills using fast-track procedures

Panos - Oct 28, 2015

European Commission Vice President Valdis Dombrovskis left Greece with an ultimatum during his two-day visit to Greece on Thursday and…

SEB: Greece has huge opportunities for investments
FINANCE
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FINANCE
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SEB: Greece has huge opportunities for investments

ilias1 - Oct 27, 2015

Greece has huge advantages and many opportunities for investments, according to the Federation of Hellenic Enterprises (SEB). However, Greece lacks…