Category: FINANCE

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

Greece turns to US for LNG
FINANCE
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FINANCE
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Greece turns to US for LNG

ilias1 - Oct 27, 2015

The ever changing dynamic in the Southeast European natural gas sector is seeing a shift in strategy by the Greek…

Greece must wait for aid due to slow reforms
FINANCE
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FINANCE
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Greece must wait for aid due to slow reforms

ilias1 - Oct 27, 2015

The transfer of billions of euros in financial aid to Greece might be delayed because Athens is not implementing reforms…

New visa system may reduce tourism flow
FINANCE
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FINANCE
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New visa system may reduce tourism flow

ilias1 - Oct 27, 2015

Greece may suffer a significant decrease in tourism arrivals during the rest of this year and in 2016 from third…

Government names new top fiscal policy official
FINANCE
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FINANCE
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Government names new top fiscal policy official

ilias1 - Oct 27, 2015

Franciscos Koutentakis, a former advisor to Greece’s leftist prime minister, has been appointed as new General Secretary for Fiscal Policy.…

Greek bank deposits kept rising in September
FINANCE
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FINANCE
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Greek bank deposits kept rising in September

ilias1 - Oct 27, 2015

Greek bank deposits rose slightly in September, data from the country's central bank showed on Tuesday. Business and household deposits…

Creditors Delay Payment to Greece Over Tardy Reforms
FINANCE
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FINANCE
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Creditors Delay Payment to Greece Over Tardy Reforms

ilias1 - Oct 27, 2015

Creditors are refusing for now to pay Greece the next installment of bailout money, saying Athens is implementing agreed reforms…

Vat taxation in private education should be either 23% or none
FINANCE
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FINANCE
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Vat taxation in private education should be either 23% or none

Panos - Oct 27, 2015

Pierre Moscovici, European Commissioner for Economic and Financial Affairs, Taxation and Customs, responding to a query on VAT rate for…

Bild Report that Deutsche Bank Expects Debt Cut for Greece
FINANCE
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FINANCE
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Bild Report that Deutsche Bank Expects Debt Cut for Greece

ilias1 - Oct 27, 2015

Deutsche Bank considers the possibility of a haircut of Greece’s public debt by the end of the year ‘inevitable’, according…

RTR:Greek bank’ s stress test results will be better
FINANCE
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FINANCE
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RTR:Greek bank’ s stress test results will be better

Panos - Oct 27, 2015

The results of the European Central Bank's health check on Greece's four big banks, which will be released on Saturday,…

Bank recapitalizations need to take place by the end of the year
FINANCE
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FINANCE
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Bank recapitalizations need to take place by the end of the year

Panos - Oct 27, 2015

The meeting between Bank of Greece (BoG) governor Yannis Stournaras and European Commission Vice President Valdis Dombrovskis took place on…

How much money do you need to be happy?
FINANCE
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FINANCE
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How much money do you need to be happy?

Panos - Oct 27, 2015

Angus Deaton, Princeton economist, argues that there is a “happiness plateau” that can be reached above an annual salary of…

Dombrovskis partnership agreement with Greece
FINANCE
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FINANCE
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Dombrovskis partnership agreement with Greece

ilias1 - Oct 27, 2015

The European Commission and Greece published a partnership agreement for technical cooperation to support the Greek reform process. The Commission…