Greeks Bracing for Another Round of Tax Hikes

As Greeks struggle through a Christmas season shorn of much of their bonuses, the government is[...]

Cooperation Between CIPA and ‘Invest in Greece’

The Cyprus Investment Promotion Agency (CIPA) signed on 02/12/2011, a Memorandum of Understanding (MOU) with the corresponding Greek Agency “Invest in Greece”. The signing...

Greece’s Investors Reluctant to Take a Bath

ATHENS – Only a day after Greek officials said they were optimistic about reaching an agreement with banks and investors to write down as...

Restaurant Sector Badly Hit

The sight of a restaurant full of customers in Greece is a rarity these days, as supported by figures reported by the SEPOA association...

Finance Ministry To Employ New Controllers

Finance Ministry notified it seeks to employ 2,235 controllers in order to fight tax evasion. This is a new team of auditors, as most of...

12 Ports and 29 Airports to Be Privatised

The Fund for the Exploitation of State-owned Private Property (TAIPED), the new public agency tasked with enacting the Greek government's privatization plans, has officially...

Troika Tells Greece: Action, Not Talk

ATHENS – Official from the Troika of international lenders keeping Greece on economic life support with rescue loans will wrap up a 10-day visit...

Cyprus Public Servants Strike for the First Time in 10 Years

Thousands of Cypriot public servants went on a three-hour strike on Tuesday to protest a proposed two-year salary freeze and on another strike on...

Bounced Cheques And Unpaid Bills Amounted To €2.15B In November

Unpaid bills of exchange and bounced cheques amounted to €2.15 billion in November 2011, interbanking company Tiresias said on Thursday. In November, 14,181 cheques were...

Jobless Rate Rises To 17.7% In 3Q From 16.3% In 2Q

Jobless rate rose to 17.7% in the third quarter of the year from 16.3% in the prior quarter, with those aged below 30 the...

Finance Ministry Considers Increasing Taxation In Deposits

Greek Finance Ministry examines the possibility of increasing taxation in deposits. Faced with the sharp shortfall in tax revenue, the leadership of the ministry...

Greece: The Incredible Shrinking Country

ATHENS – Even as interim Prime Minister Lucas Papademos, who is leading a temporary coalition government, insisted that he’s on track to keep international...

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