EconomyLoop
where regional business news becomes global to everyone

Eldorado Gold Issues Thursday Deadline to Greece for Skouries Mine

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 Greek Reporter9 hours ago

     
Multiple gains in Airbnb-type lodging levies

The Greek state could have obtained revenues of more than 1 billion euros in total from 2015 to 2017 had it imposed the same tax on properties advertised on short-term leasing online platforms that it imposes on hotels, according to a Grant Thornton ... read more

 Ekathimerini9 hours ago
Positive prospects for employment

Medium-sized enterprises, primarily in northern Greece and in the sectors of finance and insurance, services and transport-communications, are showing the brightest employment prospects for the last quarter of the year, according to a survey by Manpo... read more

 Ekathimerini9 hours ago
London roadshow of Greek listed enterprises

Economy and Development Minister Dimitris Papadimitriou and Alternate Finance Minister Giorgos Houliarakis will be the main speakers at the 12th annual London roadshow of Athens-listed firms, which starts on Wednesday at the May Fair Hotel.... read more

 Ekathimerini9 hours ago
Creditors seek DEPA’s exit from retailing

The huge gap between the positions of the government and the creditors' technical staff on the issue of the Public Gas Corporation (DEPA) and its retail activity will have to be resolved at the political level, according to sources.... read more

 Ekathimerini9 hours ago
ATHEX: Small recovery for local stocks

The reaction of investors to the drop in stock prices on the Greek bourse in recent days wasn't strong enough to offer any optimism in the medium term, but it did halt the losing streaks of both the benchmark and the banks indices on Tuesday.... read more

 Ekathimerini9 hours ago
Finance ministry officials confident Athens can exceed primary budget surplus target for 2017

The latest – positive – “scenario” being tossed around in Athens this week by the finance ministry’s top officials holds ... read more

 Naftemporiki13 hours ago
Tax offenders before 2006 in the clear, according to gov't circular

The Independent Authority for Public Revenue issued a circular on Monday that effectively ends the hostage status of tens of thousands of taxpayers and enterprises over past tax violations that are more than a decade old.... read more

 Ekathimerini13 hours ago
Concern grows as payments to state suppliers move slowly

It is not at all certain Greece will collect the outstanding subtranche of 800 million euros from the second bailout review next month, as the progress on the repayment of state debts to third parties, which that the subtranche disbursement depends o... read more

 Ekathimerini13 hours ago
Tax offenders before 2006 in the clear, new gov't circular stipulates

The Independent Authority for Public Revenue issued a circular on Monday that effectively ends the hostage status of tens of thousands of taxpayers and enterprises over past tax violations that are more than a decade old.... read more

 Ekathimerini13 hours ago
Reports: Athens submits proposals for 1,300 MW worth of RES projects through 2020

Greece's environment and energy ministry has reportedly submitted proposals to the EU Commission for renewable energy sources projects in the ... read more

 Naftemporiki17 hours ago
Industrial group criticises lack of competitive prices by high-voltage providers

The recent inauguration of electricity auctions in Greece, the well-known NOME sales mechanism, has apparently not boosted competition among alternative ... read more

 Naftemporiki18 hours ago
Two escaped Turkish convicts apprehended near border

Two escaped convicts, identified as Turkish nationals serving lengthy sentences for smuggling foreign nationals into Greece, were apprehended in the ... read more

 Naftemporiki18 hours ago
1.214 bln€ over Jan-Aug to cover Greek state arrears towards private secton, a memorandum obligation

The Greek state allocated 1.214 billion euros over the January-August 2017 to cover arrears towards the private sector, the finance ... read more

 Naftemporiki18 hours ago
Dombrovskis: Government chose to increase taxes

European Commission Vice President Valdis Dombrovskis has told Kathimerini in an exclusive interview that a successful conclusion to the third review of Greece's third international bailout by the end of the year would send money markets a convincing... read more

 Ekathimerini18 hours ago
Dombrovskis: Concluding third review depends on fulfilling prior actions; Tsipras govt preferred higher taxes

EU Commission Vice-president Valdis Dombrovskis this week reiterated that an "ideal timetable" for concluding the looming third review of the ... read more

 Naftemporiki20 hours ago
20-year extension of Athens airport concession to net 600 mln€ for privatization program

A mostly expected approval by the Court of Audit, which reviews major state contracts, of a proposed 20-year extension of ... read more

 NaftemporikiYesterday
Non-prescription drug consumption, per capita consumption in Greece last among EU states

The market in Greece for non-prescription drugs remains stuck in the 230-million-euro range over the past few years, with the ... read more

 NaftemporikiYesterday
Hellas Gold calls for issue of Skouries mine licenses

The deadline this Thursday that Eldorado Gold has set the Greek state – threatening to suspend its investment program in Greece – is fast approaching, and the Canadian company's local subsidiary Hellas Gold has returned to the issue of th... read more

 EkathimeriniYesterday
Greece EU laggard in e-payments despite big acceleration in 2016

Electronic payments rose faster in Greece last year than in any other European Union member-state, amounting to 108.8 percent year-on-year, as recorded by the European Central Bank.... read more

 EkathimeriniYesterday
ATHEX: Banks index swings to negative for the year

The decline in local stock prices which started in the first half of the month appears to be gathering pace, with the benchmark losing another 2 percent on Monday.... read more

 EkathimeriniYesterday
National set to mandate short-dated covered bond

National Bank of Greece (NBG) is close to mandating a 300-million-to-500-million-euro three-year covered bond, according to sources familiar with the matter, which would be the first Greek bank bond sold since 2014.... read more

 EkathimeriniYesterday
Tsipras gives ministers deadline to conclude third review by Nov.

Greek Prime Minister Alexis Tsipras on Monday promised the "ASAP" implementation of "prior actions" by his government in order to ... read more

 NaftemporikiYesterday
National Bank report: Greek labor market recovery picks up, uptick in qualitative aspects

National Bank of Greece, in a report published on Monday, noted that employment growth in the recession-battered country picked up ... read more

 NaftemporikiYesterday
Israeli entry in this year's Athens International Film Festival

Israeli director's Shmuel Maoz's "Foxtrot" will be among the entries in this year's 23rd Athens International Film Festival, with showings ... read more

 NaftemporikiYesterday
UNWTO reports banner month for Greek tourism in July 2017

Total tourism-related revenues in Greece posted a significant increase in July 2017, compared to the corresponding month of 2016, up ... read more

 NaftemporikiYesterday
Greek PM defends containment, cleanup effort in wake of unprecedented oil spill off greater Athens area

Greek Prime Minister Alexis Tsipras took to the airwaves on Monday morning nearly a week after the sinking of a ... read more

 NaftemporikiYesterday
Talks for obligatory sale of 40% of power utility's lignite-fired capacity shift to Brussels

Deliberations between the government and the EU Commission over the sale of 40 percent of the state-run Public Power Corp.'s ... read more

 NaftemporikiYesterday
Greek 16-Year-Old Comes in 3rd in International Microsoft Competition

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 Greek ReporterYesterday
Investor screening carries implications

The State of the Union address made by European Commission President Jean-Claude Juncker last Wednesday contained much that is relevant to Europe, and Greece's, future but also something pertinent to its present, which will have to be watched closely... read more

 EkathimeriniYesterday
Mild tremor near Alonissos on Sunday afternoon

A 4.2 on the Richter scale earthquake shook the central Aegean island of Alonissos on Sunday afternoon.... read more

 NaftemporikiYesterday
Residential construction still suffering

Construction in Greece has been hit hard by the financial crisis as the divestment seen in the last decade has been unprecedented.... read more

 Ekathimerini2 days ago
Government told to begin online auctions or face a bank bail-in

The possibility that banks will need for a fresh recapitalization grows with every day the delay in the implementation of online property transactions drags on. This might lead to a deposit haircut, along with generating a major crisis in relations b... read more

 Ekathimerini2 days ago
Full-time work is not the norm it once was

Official data by the Hellenic Statistical Authority point to an increase in employment by about 250,000 jobs in the last three years (from the second quarter of 2014 to this year's Q2), but that is only part of the truth.... read more

 Ekathimerini2 days ago
Agenda

MONDAY Foreign Minister Nikos Kotzias heads the Greek delegation during the High-Level Week of the 72nd Session of the UN General Assembly in New York, to Friday.... read more

 Ekathimerini2 days ago
Mitsotakis Focuses on Investments in Thessaloniki Press Conference

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 Greek Reporter2 days ago
ND leader: Greece would have exited bailout in 2015 had leftist-rightist coalition govt not taken power

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis again pressed his "jobs instead of handouts" pledge on Sunday, appearing at ... read more

 Naftemporiki2 days ago
Six different direct taxes must yield 8.3mln€ by end of 2017 for Athens to meet fiscal target

Millions of taxpayers in Greece will face payment of up to six different taxes over the next 4.5 months, as ... read more

 Naftemporiki2 days ago
ECB Official: Putting Off Reforms Could Complicate Bailout Review

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 Greek Reporter2 days ago
EU plan to raise taxes for global internet firms hits snag

A European Union plan to raise more tax from digital multinationals faced the first signs of scepticism on Saturday, as smaller members of the bloc warned about the economic impact from such a move.... read more

 Ekathimerini2 days ago
New Democracy Leader Mitsotakis Lays Down his Economic Plan in Thessaloniki

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 Greek Reporter3 days ago
Greek backtracking on reforms may prolong next review, says ECB official

Greece should not put off agreed bailout reforms or it could "complicate” an upcoming bailout review by its foreign creditors, a European Central Bank official said on Saturday.... read more

 Ekathimerini3 days ago
Mitsotakis from Thessaloniki: 'Greeks don't deserve to live in misery'; cites liberal reforms everywhere

Greek opposition leader Kyriakos Mitsotakis laid out a wide-ranging reform package during a nationally televised address on Saturday evening, staying ... read more

 Naftemporiki3 days ago
Greece Among 10 EU Countries to Ask for Internet Companies Taxation

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 Greek Reporter3 days ago
Tsakalotos: Greece Likely not to Need Precautionary Credit Line After Program Ends

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 Greek Reporter3 days ago
Futuristic, "Star Trek"-like Superyacht Docks in Mykonos (video)

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 Greek Reporter3 days ago
Debt write-offs to be based on properties

Only business owners with no real estate properties will qualify for a partial write-off of corporate debts in the context of the extrajudicial settlement mechanism.... read more

 Ekathimerini3 days ago
ECB issues bad-loan warning

European Central Bank Executive Board member Benoit Coeure on Friday gave the Greek government and the country's banks a clear warning on nonperforming loans (NPLs) but suggested that the International Monetary Fund will not succeed in its demand for... read more

 Ekathimerini3 days ago
ND's Mitsotakis again pledges to allow non-state, non-profit universities in Greece

Main opposition New Democracy (ND) party leader Kyriakos Mitsotakis on Friday reiterated his pledge to work towards revising Greece's constitution ... read more

 Naftemporiki4 days ago
Employers' group: Each person active in Greece's private sector supports 2.8 either not employed or in public sector

Greece's largest employers' federation this week released figures showing that the ratio between the non-active (homemakers, juveniles, the elderly, unemployed ... read more

 Naftemporiki4 days ago