Category: FINANCE

Olaf Scholz: We have the chance for a decision on debt relief at the end of June
FINANCE
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FINANCE
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Olaf Scholz: We have the chance for a decision on debt relief at the end of June

Panos - Jun 06, 2018

“We have the chance for a very good decision, at the end of June, on debt relief, as well as…

FinMin: 67% of property owners to pay same tax in 2018; no reply on query over pending pension cuts
FINANCE
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FINANCE
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FinMin: 67% of property owners to pay same tax in 2018; no reply on query over pending pension cuts

Panos - Jun 06, 2018

Greek Finance Minister Euclid Tsakalotos on Tuesday dampened any hopes of across-the-board reductions in Greece's unpopular property tax (ENFIA), telling…

Greek state arrears to private sector ease slightly in April 2018
FINANCE
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FINANCE
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Greek state arrears to private sector ease slightly in April 2018

Panos - Jun 05, 2018

The Greek state's arrears towards the private sector fell slightly in April 2018, easing to 2.617 billion euros from 2.749…

Greek energy sector to grow in 2020-2030
FINANCE
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FINANCE
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Greek energy sector to grow in 2020-2030

Panos - Jun 05, 2018

It is clear that the period between 2020-2030 will see increased development in Greece, with the energy sector contributing decisively…

ELSTAT: Growth up by 2.3% in first quarter of 2018
FINANCE
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FINANCE
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ELSTAT: Growth up by 2.3% in first quarter of 2018

makis - Jun 04, 2018

The Hellenic Statistical Authority announced growth of 2.3% in the first quarter of 2018 on Monday morning, relying mainly on…

Greek Unemployment Remains High, Despite Eurozone Decline
FINANCE
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FINANCE
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Greek Unemployment Remains High, Despite Eurozone Decline

Panos - Jun 04, 2018

Greek unemployment remains among the highest in the eurozone, it was revealed on Thursday. Although official data from Eurostat showed…

Greece relaxes capital controls to prove worst of turmoil is over
FINANCE
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FINANCE
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Greece relaxes capital controls to prove worst of turmoil is over

Panos - Jun 04, 2018

Greece is to take a substantial step towards easing capital controls – restrictions associated with the worst days of economic…

Every EUR1 of tourist revenue spent in Greece equates up to EUR2.65 rise in GDP: SETE
FINANCE
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FINANCE
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Every EUR1 of tourist revenue spent in Greece equates up to EUR2.65 rise in GDP: SETE

Panos - Jun 04, 2018

Greek Tourism Confederation (SETE) president Yiannis Retsos addressed (31-May-2018) Greece‘s Prime Minister Alex Tsipras and identified areas for the development…

Greek debt relief deal remains elusive
FINANCE
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FINANCE
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Greek debt relief deal remains elusive

Panos - Jun 04, 2018

The Greek government is preparing to table a draft bill in parliament containing legislation delivering the prior actions needed to…

Centeno: EZ will develop debt relief plan for Greece that’s ‘credible to markets’
FINANCE
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FINANCE
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Centeno: EZ will develop debt relief plan for Greece that’s ‘credible to markets’

Panos - Jun 04, 2018

Reuters quoted Eurogroup president Mario Centeno over the weekend as saying that Euro zone lenders will develop a package of…

IMF, Eurozone Seek Last-Minute Deal on Greek Debt
FINANCE
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FINANCE
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IMF, Eurozone Seek Last-Minute Deal on Greek Debt

Panos - Jun 01, 2018

Greece’s eurozone creditors and the International Monetary Fund are trying to find a last-minute solution to the country’s debt mountain…

Capital Controls in Greece relaxed to €5,000 as of June 4
FINANCE
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FINANCE
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Capital Controls in Greece relaxed to €5,000 as of June 4

Panos - Jun 01, 2018

The capital control limit will be upped to €5,000 per month as of June 4, after the Greek Finance Ministry…

Declan Costello: Greece’s partners must meet their commitments
FINANCE
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FINANCE
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Declan Costello: Greece’s partners must meet their commitments

Panos - Jun 01, 2018

Declan Costello, representing the European Commission in the institutions’ missions in Athens, stressed on Thursday the need for the Europeans…

Italy crisis dents Greek hopes of returning to bond markets
FINANCE
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FINANCE
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Italy crisis dents Greek hopes of returning to bond markets

Panos - May 31, 2018

Greece is watching the unfolding crisis in Italy with growing nervousness. Events in Rome are eliciting a sense of deja…

Euro zone, IMF to seek last-minute deal on Greek debt at G7 this week
FINANCE
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FINANCE
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Euro zone, IMF to seek last-minute deal on Greek debt at G7 this week

Panos - May 31, 2018

Euro zone policy-makers will seek last-minute backing this week from the International Monetary Fund for their debt-relief offer to Greece,…

Italy could be the next Greece — only much worse
FINANCE
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FINANCE
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Italy could be the next Greece — only much worse

Panos - May 30, 2018

Nearly a decade after a protracted Greek debt crisis spooked global markets, a fresh round of political turmoil in Italy…

Italy’s Financial Problems Might Affect Greece, Foreign Minister says
FINANCE
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FINANCE
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Italy’s Financial Problems Might Affect Greece, Foreign Minister says

Panos - May 30, 2018

Italy’s financial troubles might affect Greece too, said Greek Foreign Minister Nikos Kotzias on Tuesday, during a meeting with his…

Greece criticised for lacking modern energy plan to ditch coal
FINANCE
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FINANCE
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Greece criticised for lacking modern energy plan to ditch coal

Panos - May 30, 2018

In contrast with many EU countries, Greece’s decarbonisation process is lagging behind. A growing number of voices are now calling…

Authorities Suspend Business Licenses on Mykonos and Paros for Tax Evasion
FINANCE
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FINANCE
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Authorities Suspend Business Licenses on Mykonos and Paros for Tax Evasion

Panos - May 29, 2018

Tax authorities suspended the licenses of businesses across Greece after audits showed blatant cases of tax evasion, reported the Athens…

Israeli analyst: 10 reasons to tank the F-35 jet sale to Turkey
DEFENCE
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DEFENCE
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Israeli analyst: 10 reasons to tank the F-35 jet sale to Turkey

Panos - May 28, 2018

The F-35 is a U.S.-manufactured fifth-generation combat platform with stealth capabilities, probably the best fighter jet in the world. (Israel…