Tag: money

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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…

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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…

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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…

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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…

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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…

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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,…

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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…

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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…

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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…

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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…

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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…

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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…