Category: FINANCE

Sales dropped further this Easter on uncertainty
FINANCE
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FINANCE
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Sales dropped further this Easter on uncertainty

Panos - Apr 19, 2017

Retail commerce in Greece experienced a loss in turnover of 130 million euros over this Easter period compared to last…

IMF cuts growth forecast for Greek economy in 2017, to 2.2%
FINANCE
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FINANCE
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IMF cuts growth forecast for Greek economy in 2017, to 2.2%

Panos - Apr 19, 2017

The IMF this week slashed its previous projection for Greek GDP growth in 2017, now forecasting a 2.2 percent hike,…

Focus turns to debt talks, Athens banks on encouraging fiscal data
FINANCE
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FINANCE
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Focus turns to debt talks, Athens banks on encouraging fiscal data

Panos - Apr 19, 2017

Following the brief Easter break, Greek officials are preparing to head to Washington for talks with the country’s lenders that…

ATHEX: Stocks slide in line with the rest of Europe on UK vote
FINANCE
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FINANCE
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ATHEX: Stocks slide in line with the rest of Europe on UK vote

makis - Apr 18, 2017

Stocks across Europe felt the pressure on Tuesday after snap elections were called in Great Britain, leading the Greek market’s…

IMF: Only on board the Greek program with debt restructuring and reforms
FINANCE
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FINANCE
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IMF: Only on board the Greek program with debt restructuring and reforms

Panos - Apr 18, 2017

The Managing Director of the International Monetary Fund (IMF), Christine Lagarde said the organisation would remain on the Greek bailout…

IMF to take full control of Greek GDP surplus
FINANCE
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FINANCE
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IMF to take full control of Greek GDP surplus

makis - Apr 17, 2017

The draft of the staff level agreement between Greece and its creditors provides that the IMF will have complete oversight…

Greece Will Rise Again
FINANCE
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FINANCE
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Greece Will Rise Again

makis - Apr 17, 2017

Greece may not find its old glory days anytime soon, but it will rise again from the swamp of the…

Decision finally issued for obligatory installation of card terminals
FINANCE
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FINANCE
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Decision finally issued for obligatory installation of card terminals

Panos - Apr 14, 2017

After a delay of 100 days, the ministerial decision determining which professional categories will have to install card terminals was…

Bloomberg, FAZ take strict line with Greek debt, reforms; Tsipras says latest deal ‘absolutely defensible’
FINANCE
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FINANCE
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Bloomberg, FAZ take strict line with Greek debt, reforms; Tsipras says latest deal ‘absolutely defensible’

Panos - Apr 14, 2017

“Stop Pretending on Greek Debt” was Bloomberg’s headline on Thursday regarding ongoing negotiations, deliberations and handwringing over the country’s debt…

Greeks declared 7 billion more in taxes in 2016
FINANCE
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FINANCE
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Greeks declared 7 billion more in taxes in 2016

makis - Apr 13, 2017

Greek households paid an additional 6.1 billion euros in taxes for the current fiscal year compared 2015, according to the…

Income tax load mostly burdens an unlucky tenth of taxpayers
FINANCE
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FINANCE
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Income tax load mostly burdens an unlucky tenth of taxpayers

makis - Apr 13, 2017

About a tenth of Greek taxpayers forked out 60 percent of the total income tax paid last year, according to…

Suppliers wait longer for payments
FINANCE
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FINANCE
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Suppliers wait longer for payments

makis - Apr 13, 2017

Suppliers have taken the role of banks in the battered Greek economy, as the average time it takes clients to…

Visitors to Greece spend only 68 euros on average, BoG data shows
FINANCE
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FINANCE
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Visitors to Greece spend only 68 euros on average, BoG data shows

Panos - Apr 13, 2017

Revenue from Greek tourism was down by 919 million euros compared to last year, according to the final data on…

Privatization fund to hire financial adviser for sale of stakes in Athens, Thessaloniki water utilities
FINANCE
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FINANCE
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Privatization fund to hire financial adviser for sale of stakes in Athens, Thessaloniki water utilities

Panos - Apr 13, 2017

Greece’s privatization fund (HRADF) on Wednesday announced its intent to hire a financial adviser for the sale of its stakes…

Debt relief technical details must be now decided, IMF chief Lagarde says
FINANCE
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FINANCE
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Debt relief technical details must be now decided, IMF chief Lagarde says

Panos - Apr 13, 2017

The agreement on the Greek debt sustainability must be in compliance with the IMF rules, the IMF president Christine Lagarde…

More than 20% of TAP’s pipeline work has been completed, company says
FINANCE
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FINANCE
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More than 20% of TAP’s pipeline work has been completed, company says

Panos - Apr 12, 2017

Out of the approximately 550 km of pipeline scheduled to be built on Greek soil, the Trans Adriatic Pipeline’s (TAP)…

Greek state arrears to private sector at 3.792 bln€ in Feb. 2017
FINANCE
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FINANCE
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Greek state arrears to private sector at 3.792 bln€ in Feb. 2017

Panos - Apr 12, 2017

The state’s arrears to the private sector jumped in February 2017 to 3.792 billion euros from 3.559 billion euros in…

J.P. Morgan report sees ‘light at the end of the tunnel’ for Greece
FINANCE
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FINANCE
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J.P. Morgan report sees ‘light at the end of the tunnel’ for Greece

makis - Apr 11, 2017

The decision reached by Eurozone finance ministers in Malta concerning Greece increases the chances of a solution for completing the…

President of the Greek banks expresses concerns over non-performing loans
FINANCE
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FINANCE
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President of the Greek banks expresses concerns over non-performing loans

makis - Apr 11, 2017

The President of the Hellenic Bank Association, Nikos Karamouzis expressed his grave concerns about the dangers for the country’s systemic…

OECD report: Greeks pay highest taxes
FINANCE
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FINANCE
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OECD report: Greeks pay highest taxes

makis - Apr 11, 2017

Greek citizens paid the highest tax rates among all 35 OECD countries in 2016, according to a report released. The…