EconomyLoop
where regional business news becomes global to everyone

Additional burden for 2.172 mln taxpayers in Greece based on income tax returns at 1,129€

The average income tax - on top of monthly deductions - that 2.172 million taxpayers in Greece will pay for ... read more

 Naftemporiki13 minutes ago

     
Majority stake of Thessaloniki area natgas provider purchased by Eni for 57 mln€

The transfer of 51 percent of the Thessaloniki area's natural gas provider, Zenith, was completed last week, with the Public ... read more

 Naftemporiki6 hours ago
VesselsValue: Orders for 14 LNG carriers placed in H1 2018 by Greek shipping interests

VesselsValue last week reported that Greek shipping interests placed new orders for 14 LNG carriers in the first half of ... read more

 Naftemporiki7 hours ago
Tsipras, Zaev in Mostar, Bosnia on Mon.

Greek Prime Minister Alexis Tsipras and Zoran Zaev, his counterpart from the former Yugoslav Republic of Macedonia (fYRoM), will be ... read more

 Naftemporiki7 hours ago
Flights, passengers reported by Greek airports up 7.8%, 10.5% in H1 2018

Nearly 25 million passengers passed through Greek airports in the first half of 2016, an increase of 10.5 percent compared ... read more

 Naftemporiki7 hours ago
Excavations reveal untouched grave of ancient noblewoman on isle of Sikinos

Excavations and restoration of a unique monument on the small island of Sikinos, one of the more remote and less ... read more

 Naftemporiki8 hours ago
PDMA set to wait for some time before it taps capital markets

Foreign funds may have recently appeared more favorable toward Greek bonds and the possibility of a new issue by the Public Debt Management Agency (PDMA), but the Greek government's plans for tapping the capital markets in the near future seem to be ... read more

 Ekathimerini8 hours ago
Greek casinos see drop in visitors and turnover

The Greek casino market suffered a decline in the first half of the year, as both visits by punters and the money being played saw a reduction for one more year, in line with the trend recorded in the last decade.... read more

 Ekathimerini8 hours ago
Greece would be fine with two banks

Nonperforming loans held by eurozone banks are close to a trillion euros, according to recent data, and Greek lenders are struggling with just over a tenth of that amount, or more than 100 billion euros of nonperforming exposures.... read more

 Ekathimerini8 hours ago
Tax inequality gets greater every year

The pool of businesses and households in Greece that is being called on to pay ever-increasing taxes keeps shrinking so that 19 percent of taxpayers are responsible for covering 90 percent of the overall income tax.... read more

 Ekathimerini8 hours ago
Greek FM defends expulsion of Russian diplomats

Greek Foreign Minister Nikos Kotzias went on the offensive over the weekend in the wake of an unprecedented "cold front" ... read more

 Naftemporiki9 hours ago
Agenda

MONDAY Traffic restrictions aimed at curbing congestion and pollution in downtown Athens, are lifted as of Monday for the summer. They are expected to resume in October.... read more

 Ekathimerini9 hours ago
TAIPED, AIA scrambling to seal Athens airport 20-year extension agreement by fall

State sell-off fund TAIPED and Athens International Airport are in a race against time to seal the new deal regarding the 20-year extension of the airport concession contract, each for their own reasons.... read more

 Ekathimerini13 hours ago
Well-known anti-state group vandalizes tax office

A tax office in north-central Athens was the latest "victim" of a notorious self-styled anarchist group, with some eight individuals ... read more

 Naftemporiki19 hours ago
Greek Students Get Top Prize for Formula Racing Car Design (video)

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 Greek ReporterYesterday
Greece's Gas Grid Operator Sold to Snam-Led Consortium

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 Greek ReporterYesterday
S&P raises outlook on Greece, affirms rating

S&P Global Ratings said on Friday it raised its outlook on Greece to positive from stable while affirming its B-plus/B ratings.... read more

 EkathimeriniYesterday
ENFIA bills to come after the festivities

Property owners will only find out about their Single Property Tax (ENFIA) dues this year after the celebrations for the end of the bailout program in August – and probably after the Thessaloniki International Fair in September too.... read more

 EkathimeriniYesterday
Mitsotakis says he'll honor Prespes agreement if elected and pact is ratified

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 Naftemporiki2 days ago
Paros makes T+L's Top 15 list for isles to see in 2018

Travel & Leisure's latest list for the 15 best islands in the world for 2018 includes a Greek destination, and ... read more

 Naftemporiki2 days ago
Natural gas set to expand to all regions of Greece by 2022

The Greek natural gas network is seen expanding to another 43 cities and towns across the country, including some of its main islands, so as to offer this cheaper form of fuel to over 32,000 new consumers, most of them households.... read more

 Ekathimerini2 days ago
Snam, Enagas and Fluxys are new DESFA stakeholders

The consortium of European firms Snam, Enagas and Fluxys, named Senfluga Energy Infrastructure Holdings SA, is as of Friday the new owner of the controlling stake in natural gas grid operator DESFA, almost six years after the first attempt to privati... read more

 Ekathimerini2 days ago
ATHEX: Week closes with losses of 1 pct for benchmark

The significant declines recorded by most stocks on the Athens Exchange (ATHEX) on Friday wiped out all the benchmark gains recorded during the week, as sellers returned in the afternoon of July's triple witching day.... read more

 Ekathimerini2 days ago
One in eight taxpayers has yet to file a tax statement

The 800,000 taxpayers who have not yet submitted their declarations for 2017 incomes on the website of the Independent Authority for Public Revenue have just six days to do so.... read more

 Ekathimerini2 days ago
Merkel: Greece Will Still Feel Bailout Effects After August Exit

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 Greek Reporter2 days ago
Banks, Pillarstone come to Notos Com’s rescue

Department store operator Notos Com Holdings is coming under the ownership of creditor banks and Pillarstone in the company's first such investment in Greece.... read more

 Ekathimerini2 days ago
FT: Second Pillarstone deal with Greek banks to service 'bad debt'

Financial Times on Friday reported that a subsidiary of the US-based private equity group KKR has made its second foray ... read more

 Naftemporiki2 days ago
Four Turks arrested in border region for illegal entry into restricted area

Four Turkish nationals were arrested along the western bank of the Evros River in extreme northeast Greece on Thursday next ... read more

 Naftemporiki2 days ago
Rating agencies praise Cyprus after bank, tax moves

Fitch and Moody's made positive assessments of the Cypriot economy following moves by the government to deal with an upheaval in the banking sector of the Eastern Mediterranean island, statements issued on Thursday said.... read more

 Ekathimerini2 days ago
Merkel: Effects of bailout will extend beyond August

German Chancellor Angela Merkel said on Friday that the effects of Greece's bailout package would not end on the day that the program itself ends.... read more

 Ekathimerini2 days ago
Russian site says Moscow expresses annoyance to Greek envoy

The Russian foreign ministry on Friday formally complained to Greece’s ambassador in Moscow over what the pro-Kremlin site calls “anti-Russian” ... read more

 Naftemporiki2 days ago
DEPA to renegotiate contracts with its suppliers

Public Gas Corporation (DEPA) is seeking to renegotiate its contracts with international suppliers, as conditions in the domestic market that DEPA monopolized until recently have changed drastically and are expected to change further.... read more

 Ekathimerini2 days ago
Greek Students Win Business Award for 'Smart Helmet'

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 Greek Reporter2 days ago
Deal to sell 66% of Greek natgas system operator for 535 mln€ signed

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 Naftemporiki2 days ago
Govt dilemma: Process to implement next round of social security cuts ongoing, along with pledges to 'renegotiate' measure

Political speculation in Athens this week, at least on the domestic front, centered on the upcoming cuts in social security ... read more

 Naftemporiki2 days ago
UN study: Greece dramatically improved position in e-governance

One apparent "silver lining" in the economic and political implosion that has plagued Greece since 20009-2010 is that e-governance has ... read more

 Naftemporiki2 days ago
Industry insiders dispute Greek power firm's plan for job cuts, rate hikes

Public Power Corporation (PPC), Greece's main electricity supplier, is set to encounter strong opposition over its plan to slash jobs and raise electricity prices, industry insiders have said.... read more

 Ekathimerini2 days ago
Only 24 Greek businesses have so far registered 'Macedonian' trademark for their products

Greece's Hellenic Confederation of Commerce and Entrepreneurship (ESEE) this week issued detailed instructions on how businesses and producers in the ... read more

 Naftemporiki3 days ago
First Greek company falling 'victim' to Trump admin's tariffs Corinth Pipeworks

The first Greece-based company affected by the recent Trump administration decision to slap tariffs on a series of European products ... read more

 Naftemporiki3 days ago
Weekend walkout by country’s casino employees

The federation of casino employees (OSETYP) has called a 48-hour strike from midnight on Friday to midnight Sunday.... read more

 Ekathimerini3 days ago
Tax takes toll on vaping market

The growth in sales of electronic cigarettes in Greece has been curbed by the imposition of a tax on vapor products that comes to 0.10 euros per milliliter.... read more

 Ekathimerini3 days ago
Anti-money laundering bill delay trouble for Greece

Greece and Romania have been referred to the European Court for not adopting the European Union directive against money laundering.... read more

 Ekathimerini3 days ago
IMF raps gov't over its bid to reintroduce labor negotiations

The International Monetary Fund on Thursday issued a clear warning to the Greek government against its plans to reintroduce collective labor negotiations, saying that such a move would put the competitiveness of the Greek economy at risk.... read more

 Ekathimerini3 days ago
ATHEX: Stocks head lower on very thin trading

The inevitable drop in Greek stock prices following the notable gains registered in the last few sessions came on an exceptionally low trading volume on Thursday.... read more

 Ekathimerini3 days ago
PPC union raises its level of opposition

The union of Public Power Corporation workers (GENOP) announced on Thursday that it plans to send letters against the sale of the company's four coal-fired plants to the six candidate buyers, as well as referring the case to the Council of State and ... read more

 Ekathimerini3 days ago
IMF slaps government’s wrist on labor issues

The International Monetary Fund on Thursday issued a clear warning to the Greek government against its plans to reintroduce collective labor negotiations, saying that such a move would put the competitiveness of the Greek economy at risk.... read more

 Ekathimerini3 days ago
Greece Looks to Expand 'Golden Visa' Scheme for Investors

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 Greek Reporter3 days ago
Cosmote named fastest mobile network in Greece

Cosmote has been named the fastest network for mobile internet in Greece again this year, taking the title for "Greece's Fastest Mobile Network 2018” in the SpeedTest Awards presented by Ookla, a global leader in internet testing and analysis.... read more

 Ekathimerini3 days ago
EIB lends support to windfarms in Greece

The European Investment Bank on Thursday announced the signing of a 24-million-euro financing agreement with Greece's Terna Energy Group to help fund the development, construction and operation of two windfarms on Mount Vermio in northern Greece.... read more

 Ekathimerini3 days ago
IMF recommends against backsliding on Greek labor sector reforms

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 Naftemporiki3 days ago