Regling: No intention to lower targets for 3.5% surpluses after 2018
To Vima — The Managing Director of the European Stability Mechanism (ESM) Klaus Regling stressed for the need for the Greek government to implement and stick […]
ECONOMY
IMF not ready to participate in Greek bailout.
Reuters — International Monetary Fund Managing Director Christine Lagarde said the institution will likely downgrade its 2016 global growth forecast again as economic prospects are […]
ECB has no set timeline to include Greece in QE
To Vima — The European Central Bank cannot yet specify a timeline to include Greece in its 80-billion-euro a month quantitative easing program, ECB President […]
Youth unemployment in Greece, Italy is on the rise again official figures show.
The Mail — Youth unemployment in the single currency bloc is now 21.1 per cent, according to the statistics agency Eurostat. The number of under-25s […]
Tax system ‘not fair,’ finance minister admits
eKathimerini — The Greek tax system is “not fair or proportionate,” Alternate Finance Ministry Tryfon Alexiadis said in a radio interview on Tuesday, pledging changes […]
More jobs but wages fall for most new hires in Greece
eKathimerini — In the last 12 months, the proportion of those earning less than 1,000 euros per month reached 58.8 percent. The figures show a rise […]
One in four Greek taxpayers were unable to meet their tax obligations in July
Greek Reporter — One in four Greek taxpayers were unable to pay the first instalment of their income tax, mainly as a result of the […]
Coastal ferries coming out of five-year slump
eKathimerini — After five years of losses totaling 935 million euros, Greece’s four biggest coastal ferry operators have announced total operating profits of 170 million […]
Indian firm said to be eyeing Heraklion airport
eKathimerini — Indian airport operator and construction firm GMR Infrastructure is reportedly pondering an offer for the development of an airport in Kasteli, in the […]
Pension system under pressure from volume of retirements.
Greek Reporter — Greece’s pension system is at risk of collapse from 360,000 pending applications for main pensions, supplementary pensions and retirement lump sums. According […]
Tax evaders who never run out of new ideas
KeepTalkingGreece — No matter what the tax authorities do to check tax evasion, there is always a new trick to get round checks . Tax […]
IFC signs finance deal with Eurobank, eyes more with Greek banks
Reuters — The International Finance Corporation (IFC), a unit of the World Bank, signed a 100 million euro trade finance deal with Greek lender Eurobank […]
Property tax demands to go online by end of month
eKathimerini — Calculations for this year’s ENFIA property tax will be posted on the site of the General Secretariat for Information Systems (gsis.gr) by the […]
Greek firms are laggards in information technology
eKathimerini — A new study by Microsoft on a sample of 300 small and medium size firms has found that Greek SMEs spend little money on developing their […]
Spending on necessities plummets
eKathimerini — The dramatic drop in the consumption of food and basic necessities by 5 percent in first half of 2016 has revealed how hard […]