Tag: money

Greece to lift restrictions on transferring money abroad this week, four years after they were imposed during euro crisis
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Greece to lift restrictions on transferring money abroad this week, four years after they were imposed during euro crisis

Panos - Aug 27, 2019

Greece will lift restrictions on transferring money abroad this week, four years after they were imposed during the euro crisis. The country brought in the draconian measure…

OECD study: Greek middle-classes lost an average of 6% in annual income during crises years
GREECE
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GREECE
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OECD study: Greek middle-classes lost an average of 6% in annual income during crises years

Panos - Apr 11, 2019

A new global study by the Organisation for Economic Co-operation and Development (OECD), released on Wednesday, shows that middle-class incomes in crisis-battered Greece for households hover from…

Econ confidence slips in Greece in June 2018
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FINANCE
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Econ confidence slips in Greece in June 2018

Panos - Jul 10, 2018

Economic climate eased in Greece in June, according to the Athens-based Foundation for Economic & Industrial Research's (IOBE) monthly report, although a small improvement was recorded in…

FINANCE
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New investors to enter Athens hotel market, report says

Panos - Nov 08, 2017

Currently, major foreign brands in the hospitality industry in Athens operate 18 hotels with a total of 3,087 rooms. These include Novotel and Sofitel, Carlson Rezidor (Radisson…

Greek balance of trade in Jan-Aug at 14.78 bln€
GREECE
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GREECE
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Greek balance of trade in Jan-Aug at 14.78 bln€

Panos - Oct 09, 2017

Greece's balance of trade deficit reached 14.78 billion euros over the Jan-Aug 2017 period, up from 12.27 billion euros over the same period in 2016, an increase…

Commission: Five billion euros in VAT remittances not collected in Greece in 2015
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FINANCE
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Commission: Five billion euros in VAT remittances not collected in Greece in 2015

Panos - Sep 29, 2017

Lost VAT remittances in Greece for 2015 reached five billion euros, according to a study by the Commission, which was published on Thursday. The figure, which translates…

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1.214 bln€ over Jan-Aug to cover Greek state arrears towards private sector, a memorandum obligation

Panos - Sep 20, 2017

The Greek state allocated 1.214 billion euros over the January-August 2017 to cover arrears towards the private sector, the finance ministry announced this week. In August alone,…

Ex-minister and his wife charged with money laundering
GREECE
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GREECE
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Ex-minister and his wife charged with money laundering

Sokratis - Jun 03, 2017

A corruption prosecutor pressed criminal charges on Friday against former Socialist defense minister Yiannos Papantoniou and his wife Stavroula Kourakou for money laundering. The couple have also…

Lesvos mayor grants prize money to two fishermen who saved hundreds at sea
GREECE
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GREECE
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Lesvos mayor grants prize money to two fishermen who saved hundreds at sea

Sokratis - Jan 14, 2017

Authorities on the eastern Aegean island of Lesvos have announced that the money from the 2016 Olof Palme prize awarded to its mayor and his counterpart in…

Money has run out for staff at Marinopoulos
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FINANCE
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Money has run out for staff at Marinopoulos

makis - Dec 28, 2016

The money for the intermediary funding of bankrupt supermarket chain Marinopoulos – to ensure its operation until its takeover by Sklavenitis – has run out, leaving it…

Outstanding public debts increase to 328.3 billion euros in June
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FINANCE
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Outstanding public debts increase to 328.3 billion euros in June

makis - Aug 24, 2016

The Greek public debt increased to 328.3 billion euros at the end of June, from 321 billion euros in March, according to the latest figures published by…

Transition to use of plastic money up in the air
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FINANCE
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Transition to use of plastic money up in the air

makis - Aug 15, 2016

Greek PM Alexis Tsipras might have publicly promised that legislation for transitioning to the use of plastic money would be ready by August 5, but reality shows…

Considerations for a retroactive tax of income declared for 2015
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FINANCE
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Considerations for a retroactive tax of income declared for 2015

makis - Feb 18, 2016

The government is debating whether to introduce new rates for the solidarity tax, by raising the ceiling from 8% to 10%, as well as setting the maximum…