Category: FINANCE

Korkidis: Unattainable tax goals are undermining stability
FINANCE
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FINANCE
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Korkidis: Unattainable tax goals are undermining stability

Panos - Feb 22, 2016

“The government and creditors must realize that so long as they continue to chase unattainable tax goals, all they will…

First television licenses to be auctioned off in March
FINANCE
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FINANCE
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First television licenses to be auctioned off in March

Panos - Feb 22, 2016

The Minister of Infrastructure, Transport and Networks Christos Spirtzis has announced that the tender for television licenses will being in…

Court of Auditors effectively cancels wage and pension cuts
FINANCE
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FINANCE
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Court of Auditors effectively cancels wage and pension cuts

Panos - Feb 22, 2016

The government will be faced with serious legal and financial problems since the Court of Auditors has ruled that the…

Athens Stock Exchange opens with significant gains on Monday
FINANCE
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FINANCE
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Athens Stock Exchange opens with significant gains on Monday

Panos - Feb 22, 2016

The Athens Stock Exchange has opened strong on Monday morning, with the general price index growing by 2.58% at 11:57…

New market storm could catch eurozone unprepared
FINANCE
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FINANCE
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New market storm could catch eurozone unprepared

Panos - Feb 22, 2016

Distracted by an unresolved migration crisis and negotiations on keeping Britain in the European Union, eurozone leaders could be caught…

Farmers’ meeting with gov’t risks failing
FINANCE
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FINANCE
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Farmers’ meeting with gov’t risks failing

Panos - Feb 22, 2016

Greek Prime Minister Alexis Tsirpas will meet on Monday noon with the representatives of the farmers in an effort to…

HSBC sees 1.2% fall in net profit for the year to December
FINANCE
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FINANCE
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HSBC sees 1.2% fall in net profit for the year to December

Panos - Feb 22, 2016

Europe's biggest bank has posted a 1.2% decline in net profit to $13.52 billion for the 12 months to December…

UN High Commissioner for Refugees Grandi to visit Greece
FINANCE
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FINANCE
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UN High Commissioner for Refugees Grandi to visit Greece

chris1 - Feb 21, 2016

Newly appointed UN High Commissioner for Refugees, Filippo Grandi, will visit Greece for the first time on Tuesday and Wednesday.…

Merkel proposed Grexit to Hollande before key Eurogroup in July 2015
FINANCE
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FINANCE
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Merkel proposed Grexit to Hollande before key Eurogroup in July 2015

chris1 - Feb 21, 2016

Although the idea of Greece taking a five-year “time-out” from the euro was first made public at the July 11…

Coalition working on scenarios for pension cuts but also pressing IMF over forecasts
FINANCE
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FINANCE
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Coalition working on scenarios for pension cuts but also pressing IMF over forecasts

chris1 - Feb 21, 2016

The Greek government is working on scenarios that include cuts to pensions above 1,000 euros a month in a bid…

Greece’s Hellenic Petroleum to buy 60,000 bpd from Iran
FINANCE
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FINANCE
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Greece’s Hellenic Petroleum to buy 60,000 bpd from Iran

ilias1 - Feb 21, 2016

Feb 20 Greece's biggest oil refiner, Hellenic Petroleum, will buy 60,000 barrels a day of crude oil from Iran which…

Considerations for a retroactive tax of income declared for 2015
FINANCE
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FINANCE
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Considerations for a retroactive tax of income declared for 2015

ilias1 - Feb 20, 2016

The government is debating whether to introduce new rates for the solidarity tax, by raising the ceiling from 8% to…

Gov’t plan for forced use of cards runs into the market’s failure to adapt
FINANCE
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FINANCE
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Gov’t plan for forced use of cards runs into the market’s failure to adapt

ilias1 - Feb 20, 2016

Greek businesses are not ready for the expansion of plastic money through the compulsory use of credit and debit cards…

Bank of Greece: “Current account deficit reduced by 1.1 billion euros”
FINANCE
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FINANCE
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Bank of Greece: “Current account deficit reduced by 1.1 billion euros”

ilias1 - Feb 20, 2016

The Bank of Greece has published its latest data regarding the balance of payments for December 2015, according to which…

Athens Stock Exchange under significant pressure on Friday
FINANCE
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FINANCE
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Athens Stock Exchange under significant pressure on Friday

Panos - Feb 19, 2016

After the past few sessions closed on the rise, the Athens Stock Exchange has opened on Friday with minor losses,…

Dijsselbloem agrees with IMF on need for deeper pension cuts
FINANCE
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FINANCE
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Dijsselbloem agrees with IMF on need for deeper pension cuts

Panos - Feb 19, 2016

Eurogroup chief Jeroen Dijsselbloem has argued that deeper pension cuts are needed, in order for an agreement to be reached…

BBG: ECB inflation overshoot? It’s far away but don’t dismiss it
FINANCE
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FINANCE
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BBG: ECB inflation overshoot? It’s far away but don’t dismiss it

Panos - Feb 19, 2016

Too much inflation, at least for a short time, could be a good thing for the European Central Bank. An…

Greece pushes back deadline for Kasteli airport bids to May 6
FINANCE
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FINANCE
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Greece pushes back deadline for Kasteli airport bids to May 6

makis - Feb 18, 2016

Greece has pushed backed the deadline for binding bids to build and operate a new airport on the island of…

Greek reform quality a concern, Cyprus has done well, says Dijsselbloem
FINANCE
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FINANCE
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Greek reform quality a concern, Cyprus has done well, says Dijsselbloem

makis - Feb 18, 2016

International lenders are concerned with the quality of reforms in Greece, in exchange for which Athens is getting loans, the…

Considerations for a retroactive tax of income declared for 2015
FINANCE
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FINANCE
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Considerations for a retroactive tax of income declared for 2015

makis - Feb 18, 2016

The government is debating whether to introduce new rates for the solidarity tax, by raising the ceiling from 8% to…