Category: FINANCE

Handelsblatt: Tourism helping Greece recover from econ crisis
FINANCE
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FINANCE
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Handelsblatt: Tourism helping Greece recover from econ crisis

Panos - Dec 31, 2018

Handelsblatt credits a booming tourism sector as helping recession-battered Greece recover, while also pointing to a return of real estate…

Greek state’s primary budget surplus overexceeds Jan-Nov target, reaches 7.626 bln€
FINANCE
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FINANCE
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Greek state’s primary budget surplus overexceeds Jan-Nov target, reaches 7.626 bln€

Panos - Dec 28, 2018

The creditor-mandated primary budget surplus, as a percentage of GDP, for the Jan-Nov 2018 far exceeded the target, reaching 7.626…

The exit strategy of Greece in the markets in 2019
FINANCE
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FINANCE
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The exit strategy of Greece in the markets in 2019

Panos - Dec 28, 2018

A change in tactics for Greece’s exit strategy in the markets is being made by the Public Debt Management Agency,…

Greek central bank insists on liberal reforms, measures to boost recovering economy
FINANCE
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FINANCE
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Greek central bank insists on liberal reforms, measures to boost recovering economy

Panos - Dec 27, 2018

The Bank of Greece's (BoG) interim report on monetary policy (2018) this week again insisted on agreed-to reforms as well…

BoG: Airbnb effect on recovering real estate sector, tourism
FINANCE
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FINANCE
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BoG: Airbnb effect on recovering real estate sector, tourism

Panos - Dec 27, 2018

The positive effects of the so-called "Airbnb effect" on Greece's recovering real estate sector came under the Bank of Greece's…

Greek farmers fume against mayor who banned short food supply chains
FINANCE
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FINANCE
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Greek farmers fume against mayor who banned short food supply chains

Panos - Dec 24, 2018

Related Stories Italy gives farmland for free to large families The mayor of Kozani, a city in northern Greece, has…

Minister promises installment plan to cover arrears to social security funds
FINANCE
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FINANCE
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Minister promises installment plan to cover arrears to social security funds

Panos - Dec 24, 2018

The relevant labor and social insurances minister confirmed this week that a new framework to settle arrears to social security…

Finance ministry table amendment to extend out-of-court settlement framework for private sector arrrears by a year
FINANCE
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FINANCE
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Finance ministry table amendment to extend out-of-court settlement framework for private sector arrrears by a year

Panos - Dec 21, 2018

The finance ministry, as expected, on Thursday tabled a draft amendment to extend an out-of-court settlement framework for private sector…

5th Greece-Israel-Cyprus Trilateral Meeting agree on East-Med pipeline with US support
DEFENCE
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DEFENCE
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5th Greece-Israel-Cyprus Trilateral Meeting agree on East-Med pipeline with US support

Panos - Dec 21, 2018

Greek Prime Minister Alexis Tsipras called on Turkey to respect International Law at the Press Conference following the 5th trilateral…

End-of-year tax obligations budgeted to bring in 2.8 bln€ to Greek state coffers
FINANCE
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FINANCE
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End-of-year tax obligations budgeted to bring in 2.8 bln€ to Greek state coffers

Panos - Dec 20, 2018

No less than nine tax and duty obligation deadlines expire on Dec. 31, 2018 for Greece's beleaguered taxpayers and recession-battered…

Independent MP Theocharis joins ND
FINANCE
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FINANCE
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Independent MP Theocharis joins ND

Panos - Dec 19, 2018

Independent MP Charis Theocharis on Tuesday announced that he will join main opposition New Democracy (ND) party's Parliamentary group, following…

Overdue debts to the tax office up by €1bn in October
FINANCE
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FINANCE
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Overdue debts to the tax office up by €1bn in October

Panos - Dec 18, 2018

A report released by the Independent Authority for Public Revenue (AADE) showing overdue debts in October reflected the impasse thousands…

Greek tax bureau eyes ‘Portuguese model’ to track down undeclared income from Airbnb-type leasings
FINANCE
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FINANCE
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Greek tax bureau eyes ‘Portuguese model’ to track down undeclared income from Airbnb-type leasings

Panos - Dec 18, 2018

Greece independent public revenues authority is reportedly ready to employ the "Portuguese model" for locating property owners that lease dwellings…

Massive 7.6 bln€ Greek primary budget surplus in Jan-Nov generated by taxes, spending and investments cuts
FINANCE
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FINANCE
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Massive 7.6 bln€ Greek primary budget surplus in Jan-Nov generated by taxes, spending and investments cuts

Panos - Dec 17, 2018

The Greek state posted a massive primary budget deficit over the first 11 months of the year, almost doubling the…

813 mln€ accepted for 52W T-bills at 1.09% yield; second issue after Aug. bailout
FINANCE
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FINANCE
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813 mln€ accepted for 52W T-bills at 1.09% yield; second issue after Aug. bailout

Panos - Dec 14, 2018

The Greek state drained 812.5 million euros on Wednesday from the auction of 52-week T-bills, the second such issue after…

Unemployment rate falls in 3rd quarter: ELSTAT
FINANCE
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FINANCE
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Unemployment rate falls in 3rd quarter: ELSTAT

Panos - Dec 14, 2018

The unemployment rate in Greece fell to 18.3% in the 3rd quarter of 2018, in comparison to 19% of the…

Women 25% less likely than men to be employed despite equal skills, study shows
FINANCE
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FINANCE
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Women 25% less likely than men to be employed despite equal skills, study shows

Panos - Dec 12, 2018

When it comes to sexism, women are not supposed to be the chauvinists. But women are as likely as men…

Attracting much-needed FDIs, buyers for planned bond issues twin goals of Greek delegation at Capital Link forum
FINANCE
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FINANCE
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Attracting much-needed FDIs, buyers for planned bond issues twin goals of Greek delegation at Capital Link forum

Panos - Dec 12, 2018

Attracting desperately needed capital investment to Greece in order to meet an extremely ambitious goal of boosting gross fixed capital…

Consumer tax on wine production in Greece to be abolished
FINANCE
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FINANCE
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Consumer tax on wine production in Greece to be abolished

Panos - Dec 12, 2018

A draft amendment tabled in Parliament this week will abolish an unpopular excise duty on wine production, one of several…

Greek state’s arrears to private sector again up in Oct. 2018; total reaches 2.61 bln€
FINANCE
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FINANCE
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Greek state’s arrears to private sector again up in Oct. 2018; total reaches 2.61 bln€

Panos - Dec 11, 2018

The state's arrears to the private sector increased in October 2018 - the last month for which figures are available…