EconomyLoop
where regional business news becomes global to everyone

SEV: Greece is the European champion in corporate taxes

Corporate taxation in Greece is burdensome and anti-competitive, the Hellenic Federation of Enterprises (SEV) says in a report published on Thursday, stressing that Greek taxes also fail to draw revenues above the average rate of other European count... read more

 Ekathimerini58 minutes ago

     
One million confiscations planned for this year

Despite reactions, the state is planning to confiscate salaries, pensions, bank accounts and property assets from 1 million taxpayers during 2018, according to the business plan of the Independent Authority for Public Revenue, which was published on ... read more

 Ekathimerini45 minutes ago
ATHEX: Bank stocks lead bourse rise

The surprise sovereign rating upgrade by Moody's and signs of a recovery on Wall Street boosted activity on the Greek stock market on Thursday, with buyers regaining the upper hand and trading volume posting an improvement.... read more

 Ekathimerini33 minutes ago
Council of State Gives 'Green Light' for Ellinikon Development Project (video)

... read more

 Greek Reporter15 minutes ago
ENI Boss Says Blockaded Cyprus Drill Ship Will Leave

... read more

 Greek Reporter23 minutes ago
Greece approves port sale in Thessaloniki

Lawmakers have approved the sale of a 67 percent stake of the Thessaloniki Port Authority in Greece's second largest city, in a deal worth 232 million euros ($285 million).... read more

 Ekathimerini37 minutes ago
BoG: 2017 a record-breaking year for travel receipts, arrivals to Greece

Travel receipts for Greece increased by 10.5 percent in 2017, compared to 2016, reaching 14.596 billion euros, while the number ... read more

 Naftemporiki1 hour ago
Reuters: Greek high court clears major hurdle for closely watched Helleniko privatization

Reuters quoted Greek judicial sources on Thursday afternoon in reporting that the Council of State (CoS), Greece's highest administrative court, ... read more

 Naftemporiki2 hours ago
High court considers Tsipras govt's petition to overturn asylum decision for Turkish officer

A Council of State (CoS) board of appeals on Thursday discussed a petition by the Tsipras government to overturn an ... read more

 Naftemporiki2 hours ago
Novartis case continues to generate bitter political clashes in Greece

Fallout continued on Thursday from the previous day's acrimonious debate in Parliament prior to a vote to establish a committee ... read more

 Naftemporiki3 hours ago
Cash buffer may be built on repos too

The European Commission's compliance report for Greece, revised for last Monday's Eurogroup meeting, provides for the strengthening of the so-called cash buffer from repos too.... read more

 Ekathimerini3 hours ago
Greek bond yields dive after Moody's upgrade

Greek government bonds are in demand on Thursday, with yields dropping following after Moody's move overnight to upgrade Greece two notches from Caa2 to B3 and maintain its positive outlook.... read more

 Ekathimerini4 hours ago
Greek Shipping Dominates Capital Link Forum in Athens

... read more

 Greek Reporter8 hours ago
Moody's Upgrades Greece by Two Notches to B3

... read more

 Greek Reporter8 hours ago
Tax offices in major cities to be trimmed down

The Independent Authority of Public Revenues is planning to reduce the number of tax offices operating in Attica, Thessaloniki and Patra with a series of mergers.... read more

 Ekathimerini9 hours ago
OTE reports drop in revenues and profits last year

Leading telecom OTE announced on Thursday a 20.8 percent drop in group operating profits last year, with revenues shrinking 1.3 percent.... read more

 Ekathimerini10 hours ago
Centeno points to credit line

Eurogroup President Mario Centeno told the European Parliament on Wednesday that Greece ought to assess and utilize all the mechanisms and tools at its disposal, thereby retabling the precautionary line of credit, as this is one of the instruments av... read more

 Ekathimerini12 hours ago
Moody's raises Greece's rating two notches

Moody's ratings agency upgraded Greece's credit rating by two notches late on Wednesday to B3, saying the country is set to return to market-based funding following the conclusion of its current bailout program in the summer.... read more

 Ekathimerini12 hours ago
Moody's upgrades Greece's rating to B3, maintains positive outlook

Moody's on Wednesday upgraded Greece's issuer rating to B3 from Caa2, while the country's seniorunsecured bond and program ratings were ... read more

 Naftemporiki18 hours ago
Irish President Higgins in Athens on Thur.

Greek Prime Minister Alexis Tsipras will receive the President of Ireland, Michael D. Higgins, on Thursday at his Maximos Mansion ... read more

 Naftemporiki18 hours ago
Moody's upgrades Greece's rating to B3, maintains positive outlook

Moody's Investors Service, ("Moody's") has today upgraded Greece's issuer rating to B3 from Caa2. Greece's senior unsecured bond and program ratings were ... read more

 Naftemporiki21 hours ago
Overtaxation halts pay-TV market growth

The Greek pay-TV market suffered significant losses last year, as sales dropped off due to the burden on prices from tax increases.... read more

 Ekathimerini23 hours ago
Travel receipts rose 10.5 pct y-o-y in 2017

Tourism takings came to 14.595 billion euros last year, Bank of Greece figures show, up from 13.206 billion in 2016 and 14.125 billion in 2015.... read more

 Ekathimerini23 hours ago
Foreign realtors flocking to Athens

Apartment transactions in parts of Athens, including the center, are expected to soar in the next few months – with prices set to jump too – as the Greek residential property market has become the focus of dozens of foreign real estate ag... read more

 Ekathimerini23 hours ago
High pitched political clash over Novartis case in Parliament

Political acrimony on Wednesday reached an even higher pitch than usual in Greece during a Parliament debate on the establishment ... read more

 Naftemporiki23 hours ago
27M Tourists Chose Greek Vacation in 2017

... read more

 Greek ReporterYesterday
EC concerned about AIA contract extension

Leading officials of state sell-off fund TAIPED traveled to Brussels on Wednesday with the aim of hastening the process of getting the European authorities' approval to extend the contract for the concession of Athens International Airport.... read more

 EkathimeriniYesterday
Ombudsman calls for support on refugees

European Ombudsman Emily O'Reilly on Wednesday called for more assistance to Greece by other European Union member-states to deal with the refugee-migrant crisis.... read more

 EkathimeriniYesterday
ATHEX: Mixed picture for stocks

The Athens stock market appears to have run out of steam in the last few days, with reduced buying interest and lower trading volume, as was the case in Wednesday's mixed session.... read more

 EkathimeriniYesterday
More Turkish violations in Aegean airspace reported on Wed.

More violations by Turkish warplanes in the eastern Aegean were reported on Wednesday, with four fighters planes, two F-16s and ... read more

 NaftemporikiYesterday
Report: Last main legal hurdle for Helleniko project expected to be cleared this month

A much-anticipated decision by the Council of State (CoS) to approve a presidential decree that is considered as the last ... read more

 NaftemporikiYesterday
Study: SMEs in Greece face challenges in bid to grow, produce

Greece's largest employers' federation, SEV, this week expressed concerns over the performances by the country's small-to-medium business (SMEs) sector, compared ... read more

 NaftemporikiYesterday
OLP cries foul at DALP intervention

Cosco-controlled Piraeus Port Authority SA (OLP) has accused the state's Public Authority of Piraeus Port (DALP) of a "systematic effort to dispute the privatization of OLP and its operation in the context of the law on private enterprises,” ef... read more

 EkathimeriniYesterday
Greek Graphic Designer Defies Erdogan Internet Ban

... read more

 Greek ReporterYesterday
Rare outburst by Tsakalotos against Draghi

Two interventions by European Central Bank President Mario Draghi at Monday's Eurogroup touched a nerve with Finance Minister Euclid Tsakalotos, provoking a rare strong response by the Greek official.... read more

 EkathimeriniYesterday
Headless statue of Aphrodite discovered during construction work at Thessaloniki metro

A headless statue believed to depict the ancient goddess Aphrodite has been uncovered at a construction worksite for the metro ... read more

 NaftemporikiYesterday
BOURDARAS GIORGOS

As MPs prepare for a debate in Parliament on whether 10 Greek politicians should be investigated in connection with allegations by prosecutors that they accepted bribes from the Swiss drugs manufacturer Novartis, political tensions are expected to he... read more

 EkathimeriniYesterday
Govt eyes another bond market foray after expected upgrade by Moody's in March

Moody’s is expected to close out the most recent cycle of Greece's credit rating upgrades, as the former - by ... read more

 NaftemporikiYesterday
You’ve got to grow to survive, SEV tells SMEs

Productive enlargement is the optimum way for small and medium-sized enterprises to survive and grow, argues the Hellenic Federation of Enterprises (SEV) after assessing their shortfall in competitiveness and international experience.... read more

 EkathimeriniYesterday
Backtracking seen after job market progress

The latest data from the Manpower Organization (OAED) and the Labor Ministry's Ergani hirings database confirm the dominance of flexible forms of employment in new hirings, the slowdown in unemployment's pace of decline and the fact that half of the ... read more

 EkathimeriniYesterday
Benchmark bond yield climbs to year-high

The Greek bonds market has deteriorated further this week following the Eurogroup's decision to postpone the payout of the 5.7-billion-euro bailout tranche to Greece and the disagreement between Finance Minister Euclid Tsakalotos and European Central... read more

 EkathimeriniYesterday
EU Commissioner Avramopoulos on Novartis case: Scum behind conspiracy will face justice

EU Commissioner Dimitris Avramopoulos on Tuesday was the latest Greek politician - one of 10 implicated in an indictment involving ... read more

 NaftemporikiYesterday
ATHEX: Stocks ease on mixed news

The decision of the Eurogroup on Monday to put off the disbursement to Greece of the 5.7-billion-euro bailout tranche overshadowed the positive news of last Friday's credit rating upgrade by Fitch – from B- to B – at the Greek bourse on T... read more

 EkathimeriniYesterday
Settling non-expired dues in 12 installments

A circular issued on Tuesday by the Independent Authority for Public Revenue offers taxpayers the chance to settle their dues to the tax authorities in up to 12 installments, be it for one non-expired income tax installment or their entire annual due... read more

 Ekathimerini2 days ago
Fewer Cypriots visit Greece in January

The Passengers Survey of the Statistical Service of Cyprus (CyStat) showed on Tuesday that 107,759 residents of Cyprus returned to the island from a trip abroad in January compared to 108,981 in the corresponding month last year, recording a decrease... read more

 Ekathimerini2 days ago
Vote on Parliamentary com't of inquiry; 10 current, past lawmakers on Wed.

Greece's often Kafkaesque political arena will take an even stranger turn on Wednesday, as 10 individual ballot boxes will be ... read more

 Naftemporiki2 days ago
Delphi to Host International Olive Oil Competition

... read more

 Greek Reporter2 days ago
Notary association president: Nationwide e-auctions in Greece as of Feb. 28

The stepped and universal commencement of electronic auctions of foreclosed real estate will commence in Greece on Feb. 28, according ... read more

 Naftemporiki2 days ago
Company official: New FSRU in NE Greece expected to begin operation in H2 2020

Work is continuing on schedule for the installation of a floating storage regasification unit (FSRU) off the extreme northeast port ... read more

 Naftemporiki2 days ago
Group of 17 Turkish nationals request political asylum in Greece

Seventeen Turkish nationals, self-identified as civil servants and judicial officials in the neighboring country, have requested political asylum in Greece ... read more

 Naftemporiki2 days ago