Category: FINANCE

EU watchdog probes possible mismanagement of refugee funds in Greece
FINANCE
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FINANCE
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EU watchdog probes possible mismanagement of refugee funds in Greece

Panos - Sep 26, 2018

The EU’s anti-fraud watchdog is investigating the potential misuse of EU funds meant to provide food for refugees in Greece,…

Greek ministry says primary budget surplus triple the target over Jan-Aug period
FINANCE
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FINANCE
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Greek ministry says primary budget surplus triple the target over Jan-Aug period

Panos - Sep 25, 2018

Figures for Greece’s primary budget surplus, as a percentage of annual GDP, showed that a dramatic over-performance in the Jan-Aug…

OPAP confirms deal to acquire one-third of rival sports betting site’s parent company
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FINANCE
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OPAP confirms deal to acquire one-third of rival sports betting site’s parent company

Panos - Sep 25, 2018

OPAP, the biggest sports gaming company in Greece and the exclusive operator of numerical lotteries and betting parlors, on Monday…

Greek state allocates 914 mln€ in Aug. 2018 to cover arrears to private sector
FINANCE
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FINANCE
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Greek state allocates 914 mln€ in Aug. 2018 to cover arrears to private sector

Panos - Sep 21, 2018

The Greek state and various general government entities allocated 914 million euros last month to cover arrears to the private…

Statistics authority: Greek-flagged fleet mostly unchanged in July 2018; transport capacity falls
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Statistics authority: Greek-flagged fleet mostly unchanged in July 2018; transport capacity falls

Panos - Sep 21, 2018

The Greek-flagged commercial fleet reached 1,865 vessels as of July 2018, only marginal up from the corresponding month of 2017,…

Cyprus, Egypt sign new pipeline agreement
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FINANCE
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Cyprus, Egypt sign new pipeline agreement

Panos - Sep 20, 2018

Talks between Egypt and Cyprus on the construction of an underwater pipeline in the Eastern Mediterranean seems to have reached…

Greek FinMin meets with Schotz, Moscovici in Berlin; Athens steps up efforts to persuade creditors to suspend pending pension cuts
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FINANCE
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Greek FinMin meets with Schotz, Moscovici in Berlin; Athens steps up efforts to persuade creditors to suspend pending pension cuts

Panos - Sep 20, 2018

Greek Finance Minister Euclid Tsakalotos embodied the political cliché of being "cautiously optimistic" when asked if a scheduled social security…

Deadline to register income, properties; 34 Q&As regarding ‘Airbnb’ style leasings released by Greek tax bureau
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FINANCE
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Deadline to register income, properties; 34 Q&As regarding ‘Airbnb’ style leasings released by Greek tax bureau

Panos - Sep 19, 2018

Property owners and managers in Greece have until Nov. 30, 2018 to register online with the tax bureau if they've…

An abandonded shack went for € 1 million in Skopelos!
FINANCE
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FINANCE
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An abandonded shack went for € 1 million in Skopelos!

Panos - Sep 19, 2018

There is something about arriving by ferry at a picturesque Greek port that makes you feel immediately relaxed. Reaching Skopelos,…

Eldorado Gold seeks 750 mln€ in damages from Greek state over delays at Skouries site
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FINANCE
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Eldorado Gold seeks 750 mln€ in damages from Greek state over delays at Skouries site

Panos - Sep 19, 2018

Vancouver-based Eldorado Gold Corp., the parent company of Hellas Gold SA., is demanding 750 million euros in damages from the…

Marshall Islands registry, Green Award announce cooperation
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FINANCE
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Marshall Islands registry, Green Award announce cooperation

Panos - Sep 18, 2018

The Marshall Islands (RMI) registry and Green Award last week announced their cooperation, whereby the registry will provide GA-certified ships…

Job vacancy rate for Greece in Q1 2018 at 0.7%, lowest in Eurozone
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FINANCE
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Job vacancy rate for Greece in Q1 2018 at 0.7%, lowest in Eurozone

Panos - Sep 18, 2018

Greece placed last in a Eurostat list, published on Monday, in terms of Eurozone members' job vacancy rate for the…

Govt source: Athens tables arguments to creditors to avoid new round of social security spending cuts
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FINANCE
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Govt source: Athens tables arguments to creditors to avoid new round of social security spending cuts

Panos - Sep 13, 2018

The Greek government, as expected, on Wednesday broached the issue of suspending a planned reduction in social security spending -…

Public Debt Management Agency: Uniform yield remains stable at 1.09% for 12-month Greek bonds
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FINANCE
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Public Debt Management Agency: Uniform yield remains stable at 1.09% for 12-month Greek bonds

Panos - Sep 13, 2018

The Greek state raised 812.5 million euros from an auction of 52-week T-Bills on Wednesday, with total bids reaching 898…

Creditors request lifting of injunction protecting Folli Follie’s assets; stake in mall possibly on selling block
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FINANCE
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Creditors request lifting of injunction protecting Folli Follie’s assets; stake in mall possibly on selling block

Panos - Sep 11, 2018

Greece-based Folli Follie’s creditors on Friday requested the removal of an injunction protecting the retailer and jewellery accessory maker’s assets,…

Hotel federation president estimates 60K properties in Greece listed on Airbnb-like platforms
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Hotel federation president estimates 60K properties in Greece listed on Airbnb-like platforms

Panos - Sep 11, 2018

More than 60,000 residential properties in Greece are listed on short-term lease platforms, i.e. Airbnb, the president of Greece's hoteliers'…

Klaus Regling warns creditors might suspend debt relief in Greece, if it stops reforms
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FINANCE
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Klaus Regling warns creditors might suspend debt relief in Greece, if it stops reforms

Panos - Sep 11, 2018

The Managing Director of the European Stability Mechanism (ESM) Klaus Regling warned that the debt relief measures for Greece would…

Breakdown of Tsipras’ promised measures, costs up until 2022
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FINANCE
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Breakdown of Tsipras’ promised measures, costs up until 2022

Panos - Sep 11, 2018

A package of measures, most bumped into the future and many even after general elections are scheduled in the autumn…

US Sec’t of Commerce Ross: Next step for Greece is propel economy into true growth orbit
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FINANCE
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US Sec’t of Commerce Ross: Next step for Greece is propel economy into true growth orbit

Panos - Sep 11, 2018

US Secretary of Commerce Wilbur Ross, who represented Washington over the weekend at the opening of a major trade fair…

Virtuoso: Greece among top-7 luxury destinations of American tourists during 2018
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FINANCE
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Virtuoso: Greece among top-7 luxury destinations of American tourists during 2018

Panos - Sep 10, 2018

The Middle East is seeing a comeback among upscale Americans this fall and holiday season, according to new findings from…