ASE Sees Biggest Gain In 23 Years As Alpha Bank and Eurobank Agree Tie-Up

Alpha Bank and Eurobank announced that they have reached agreement on a combination by[...]

Greece-Troika In Talks Ahead Of 6th Aid Tranche

Greek government and senior troika officials have begun crucial negotiations for the disbursement of sixth instalment and the new loan agreement. EU/ECB/IMF representatives arrived...

Employees of Closed Institutions Continue to Be Paid Without Working

The absorption of the staff of institutions which were closed, is moving in a very slow pace, according to article in the newspaper...

Patients Financially Support the Hellenic Health Care System

According to the newspaper Eleftherotypia, during the last season, Greek citizens gave 13.8 million euros to hospitals.  Citizens have been paying 5 euros for...

Closing of Military Camps and Airports

In order to save annually at least 500 million euros, the Hellenic Army General Staff decided to close Military Units and Airports, and...

Cypriot Parliament Approves the First Austerity Measures

The Cypriot Parliament voted for the first austerity measures. However, the rise of the TVA was postponed. The measures include salary and pension deductions for...

Germany Merkel Rejects Bilateral Collateral Deals For Greek Aid

German Chancellor Angela Merkel reiterated her rejection of bilateral deals on collateral in exchange for more aid to Greece in a newspaper interview Sunday,...

Alpha and Eurobank Agree to Merge

Two of Greece’s three biggest lenders, Eurobank EFG and Alpha Bank have reached an agreement to merge, according to reports, which would create one...

Financial Times Says Greece Will Declare Default

According to an article in the Financial Times, the second economic support package will be a waste of money due to the very...

Rise in New Companies Set up by the Young

The number of new companies set up in May and June showed a significant increase, especially in companies set up by young people. The...

Greek Tax Changes that will Make Your Wallet Lighter…a Lot Lighter

Greek tax legislation changes resemble pretty much Latin American soap opera episodes[...]

Inactivity in Tax Offices

Inactivity is observed in most of the tax offices in Greece. In the 286 tax offices, 360,370 cases were left pending by the...

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