“Smoking Stamps” to Increase the State Revenues

According to the newspaper “Ethnos”, the Ministry of Interior, Health and Culture decided to impose tax to the night clubs of more than 300...

Large Drop in the Turnover of Shops

A large drop was recorded in the turnover of shops in July and August, despite the generous offers and discounts. According to preliminary figures collected by the National Confederation of Greek Trade...

Greece Large Banks In Major Initiatives Regarding Proton Bank

Greece’s four largest banks (National Bank, Eurobank, Alpha, Piraeus Bank) informed the Bank of Greece that heave decided to respond positively to the proposal...

More than 1,000 of Greek Companies Moving to Cyprus Rises

More than 1,000 companies of Greek interest have transferred their headquarters to Cyprus in the past 20 months, due to the financial crisis in...

Soros: Greece More Likely To Remain In Euro

Greece is more likely to remain in the Eurozone than exiting the single currency bloc, George Soros told Hungarian news portal hvg.hu. The meeting...

Venizelos: Recession Could Deepen

Greek Finance Minister Evangelos Venizelos didn’t rule out the possibility of deeper recession and new measures. Recession could be deeper, reaching 4.5%, Venizelos told...

Finnish Collateral Deal Needs Euro Zone Approval – Greek Finance Minister

Greek Finance Minister Evangelos Venizelos said Thursday that a deal under which Greece would provide Finland with collateral in exchange for fresh aid was...

No Personal Assets Declaration Needed until End of 2013

The Finance Ministry announced that no personal assets declaration will be needed for any kind of assets (first residence, second residence, holiday home, tenement...

Estimations Indicate Increase in Exports

The Trade Union of North Greece has shown an optimistic point of view in terms of trade for the coming semester, estimating that exports...

Austria: Greece-Finland Collateral Deal Makes No Sense

The deal between Greece and Finland on collateral needed to secure the Nordic country΄s participation in Greece΄s bailout makes no sense, a spokesman for...

Inflation Drops to 2.1% in July

Annual inflation dropped in the EU from 3.1% in June to 2.9% in July, while in Greece the decline was bigger.  Inflation dropped to 2.1% from 3.1% in...

Athens Ranks 38th in World’s Most Expensive Cities

Athens is the 38th most expensive city in the world. This is the conclusion of the last review of the study conducted every three years by the Swiss bank UBS on prices, wages and purchasing power of consumers in different regions of...

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