Category: FINANCE

ENGLISH Former Novartis Greece chief Frouzis, 2 physicians acquitted of bribery charges
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ENGLISH Former Novartis Greece chief Frouzis, 2 physicians acquitted of bribery charges

Panos - Nov 05, 2018

Two public health system physicians and the former vice-president and general director of Novartis' subsidiary in Greece, Costas Frouzis, were…

Real estate company denies wrongdoing in Golden Visa-linked property purchases by Chinese brokers
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Real estate company denies wrongdoing in Golden Visa-linked property purchases by Chinese brokers

Panos - Nov 02, 2018

The Athens-based company now at the center of scrutiny over alleged Chinese capital control violations linked with residency visa-granting property…

EBRD maintains GDP growth forecasts for Greece: 2.2% in 2018, 2.3% in 2019
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EBRD maintains GDP growth forecasts for Greece: 2.2% in 2018, 2.3% in 2019

Panos - Nov 02, 2018

The European Bank of Reconstruction & Development on Thursday again forecast GDP growth for Greece at 2.2 percent this year,…

SETE: Arrivals by air up in Sept. 2018; vehicle travel down
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SETE: Arrivals by air up in Sept. 2018; vehicle travel down

Panos - Nov 01, 2018

Tourist arrivals by plane increased in September 2018, while road travel decreased, compared to the same month in 2017, according…

WB report points deteriorating position for Greece in ‘Doing Business 2019’ report
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WB report points deteriorating position for Greece in ‘Doing Business 2019’ report

Panos - Nov 01, 2018

Thrice bailed-out Greece's ranking in another international survey continued to lag far behind other European countries, falling behind Colombia, Kirghistan…

Shipping executives gather in Athens for Capital Link Forum
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Shipping executives gather in Athens for Capital Link Forum

Panos - Oct 31, 2018

The “8th Annual Capital Link Operational Excellence in Shipping – Best Industry Practices Forum,” taking place today at the Athens…

Motor Oil subsidiary acquires controlling stake in Athens broadcaster Alpha
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Motor Oil subsidiary acquires controlling stake in Athens broadcaster Alpha

Panos - Oct 31, 2018

A fully owned subsidiary of Motor Oil group, one of two of Greece's petrochemical and refinery groups, has acquired a…

Greek FinMin: Italian volatility making borrowing harder; ready to wait for best time
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FINANCE
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Greek FinMin: Italian volatility making borrowing harder; ready to wait for best time

Panos - Oct 31, 2018

Reuters quoted Greek Finance Minister Euclid Tsakalotos this week as pointing to turbulence in the Eurozone over the draft Italian…

California-based company offers paid protesting services
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California-based company offers paid protesting services

Panos - Oct 30, 2018

A California-based public relations firm is offering paid protesting services to its clients. Crowds on Demand, out of Beverly Hills,…

Yianis Varoufakis says George Soros wanted him out of the Greek government in 2015
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Yianis Varoufakis says George Soros wanted him out of the Greek government in 2015

Panos - Oct 30, 2018

Former Greek Finance Minister Yianis Varoufakis claimed billionaire George Soros had contacted Greek PM Alexis Tsipras requesting his dismissal in…

Greek TV pioneer Mega off the air; still broadcasts over subscriber platforms
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Greek TV pioneer Mega off the air; still broadcasts over subscriber platforms

Panos - Oct 29, 2018

One of the first and most influential private television broadcasters in Greece permanently went off the air at 2.11 a.m.…

Judicial council approves temporary freeze of assets for auditor, Folli Follie CFO at HK subsidiary
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Judicial council approves temporary freeze of assets for auditor, Folli Follie CFO at HK subsidiary

Panos - Oct 26, 2018

Folli Follie’s financial director at its Hong Kong subsidiary and the auditor who signed off on the multinational’s balance sheets…

“We hope mid-season sales bring better results this year” federation president Korkidis says
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“We hope mid-season sales bring better results this year” federation president Korkidis says

Panos - Oct 26, 2018

Τhe Greek Federation of Trade and Entepreneurship (ESEE) on Thursday gave directions to store owners on the autumn mid-season sales…

Budget execution: Income, property taxes fall short of targets for Jan-Sep period
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Budget execution: Income, property taxes fall short of targets for Jan-Sep period

Panos - Oct 25, 2018

The finance ministry on Wednesday announced shortfalls in terms of targets for collecting personal income tax and property taxes in…

Council of Audit: Greek general gov’t arrears to private sector exceed 6 bln€
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Council of Audit: Greek general gov’t arrears to private sector exceed 6 bln€

Panos - Oct 25, 2018

The general government’s arrears to third parties – private citizens, suppliers and all types of businesses – actually exceed six…

IOBE forecast: Greek GDP up by 2% in 2018; 2.4% in 2019
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IOBE forecast: Greek GDP up by 2% in 2018; 2.4% in 2019

Panos - Oct 24, 2018

The Athens-based Foundation for Economic & Industrial Research (IOBE) on Wednesday forecast a GDP growth rate in Greece next year…

Regling: No enough fiscal space to fully cover suspension of next round of Greek pension cuts
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Regling: No enough fiscal space to fully cover suspension of next round of Greek pension cuts

Panos - Oct 24, 2018

European Stability Mechanism (ESM) Managing Director Klaus Regling on Tuesday again dampened the poll-trailing Tsipras government's hopes of eventually avoiding…

BoG: 910-mln€ deficit in current accounts for Jan-Aug 2018 period
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BoG: 910-mln€ deficit in current accounts for Jan-Aug 2018 period

Panos - Oct 23, 2018

A deficit of 910 million euros in current accounts, increased by 857 million euros, was reported (yoy) on Monday by…

Port of Piraeus’ competitiveness boosted after revenues authority eliminates VAT on certain services, goods
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Port of Piraeus’ competitiveness boosted after revenues authority eliminates VAT on certain services, goods

Panos - Oct 23, 2018

The port of Piraeus' competitiveness edge as a transport hub and cargo handler got a distinct boost this month with…

First instance court orders temporary freeze on more Folli Follie assets
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First instance court orders temporary freeze on more Folli Follie assets

Panos - Oct 23, 2018

An Athens first instance court on Monday afternoon ordered a temporary freeze on the assets – up to the sum…