IKA To Appoint Consultant For Utilization Of Property

Social Insurance Institute (IKA) has launched a public consultation until April 15 for the appointment of a consultant for the utilization of its property....

Budget Deficit May Exceed 10.5%

Hellenic Statistical Authority (ELSTAT) may report that budget deficit in 2010 exceeded 10.5% of Gross Domestic Product, according to unconfirmed sources, while Ministry of...

Finance Ministry Announces all +3,000 Euro Transactions to be Executed via Credit Card or...

As of today, all transactions between private parties and companies in Greece of more than 3,000 euros have to be executed using credit cards...

New Strict Tax Law for Greek Expatriates

A draft tax bill introduces an expanded tax residence definition[...]

IMF Wants Greece to Restructure Debt – Der Spiegel

The International Monetary Fund (IMF) is privately pushing Greece to restructure its debt soon in view of the unsustainable fiscal burdens it is carrying,...

Greek Fin Min Says Still Chance for Bond Sales in 2012

Greece hopes to start selling bonds next year on the international market, claims the finance minister. George Papaconstantinou, in an interview with Bloomberg during the...

S&P Downgrades Four Major Greek Banks

Standard & Poor΄s Ratings Services said on Thursday that it has lowered its credit ratings on four major Greek banks following Greece’s downgrade to...

S&P Cuts Greece΄s And Portugal΄s Ratings

Standard & Poor΄s Ratings Services said on Tuesday it lowered its long-term sovereign credit rating on Greece to ΄BB-΄ from ΄BB+΄ and maintained the...

JPMorgan Expects Greek Bond Spread To Widen

JPMorgan Chase forecasts further widening of Greek, Portuguese and Irish bond spreads, as the European leaders’ agreement failed to calm bond markets, according to...

Trade Balance Dropped By 33.3% In January 2011

Hellenic Statistical Authority said on Monday that the deficit of the trade balance, excluding oil products, in January 2011 recorded a drop of 33.3%....

2011 Domestic Tourism Expected to Fall 20%

Domestic tourism in Greece is expected to fall by 20% this year, compared with 2010, Andreas Andreadis, president of the Panhellenic Federation of Hoteliers...

Financial Minister Papakonstantinou Doesn’t Rule Out Additional Measures

Greek Finance Minister Giorgos Papakonstantinou didn’t rule out the possibility of additional measures on both expenditure and revenue in order to cover the gap...

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