Greece
Greece
Greece's Finance Ministry Launching 'Receipt Lottery' at End of June
The Finance Ministry will be launching a "receipt lottery" in hopes of encouraging consumers to ask for receipts and decreasing tax evasion. It is set to start in late June across Greece and the ministry has allotted 12 million...
Economy
Greek Growth Forecast for 2017 Reduced to 1.8 percent by Finance Ministry
The Greek growth forecast for 2017 is depreciating greatly from what was once a 2.7 percent expected growth.
Just one day after the European Commission said that they expected only a 2.1 percent growth for Greece, and according to a...
Economy
Finance Ministry Mulling Ways to Stop 'Fiddling' of Cash Register Records
The finance ministry is currently scouting out mechanisms that will prevent aspiring tax evaders from erasing records of sales from their cash registers at the end of the day, Greek Deputy Finance Minister Katerina Papanatsiou revealed on Sunday.
This was...
Greece
Finance Ministry Sources: New Laws Introduced in 2014 Did Not Lower Taxes for MPs and Public Officials
The changes in tax law introduced in 2016 ensure that political figures holding public office pay the same amount as any other citizen, finance ministry sources stressed on Tuesday in response to an article carried by the newspaper Eleftheros...
Economy
German Finance Ministry Rep's Response Arouses Questions on Greece's Program
During a standard briefing of the German government regarding insurance reforms, a representative of the German Finance Ministry responded to a question posed by realfm 97.8 correspondent Pantelis Valassopoulou, arousing serious questions about the agreed reforms that are to...
Economy
Primary Surplus and Revenue Targets Surpassed Again in January, Finance Ministry Reports
The Greek state budget primary surplus was 1.012 billion euros in January 2017, exceeding a target of 670 million euros and ending marginally higher than the January 2016 surplus of 1.003 billion euros, according to provisional budget execution figures...
Business
Finance Ministry Plans to Crack Down on Greek Businesses Slipping Through Tax Borders
Tax borders are about to become less easy to slip through for Greeks who become residents of countries with lower tax rates than Greece in order to save themselves some money.
According to sources, the Finance Ministry has proposed a...
Greece
Protesting Firemen Meet With Finance Ministry Official Over Contract Demands
Representatives of the union of firemen hired on five-year contracts met with the director of Alternate Finance Minister Giorgos Chouliarakis in his office at the General Accounting Office on Wednesday, after holding a protest march in central Athens.
The firemen...
Greece
Road Tax to Remain Unchanged in 2017, Says Finance Ministry
The Greek finance ministry said it has decided to keep the road tax unchanged next year after considering the market’s need for stability and safety, according to a press announcement.
According to the ministry, it was decided not to make...
Economy
Greece Aiming for Agreement on 2nd Review by November 28, Finance Ministry Source Says
The Greek side is aiming for an institutions-level agreement on the second review by November 28, when the EuroWorking Group will meet to prepare for the Eurogroup on December 5, a Greek finance ministry source told the press here...
Greece
Finance Ministry Announces Owners to Pay Extra Taxes on Properties Rented Online
According to Greece's Finance Ministry, new plans are underway for property owners who rent properties via sites such as Airbnb, HomeAway, FlipKey and HouseTrip.
The new regulations to be put into place will fine owners 50,000 euros if they do...
Economy
Greek Finance Ministry Denies Allegations that Prolonged Negotiations Inflated State Debt
Greek finance ministry sources on Tuesday rejected main opposition party allegations that a prolonged negotiations process with creditors further burdened the country's public debt.
"For those alleging that the real economy was hurt by the negotiations, we encourage them to...
Economy
Greek Finance Ministry Drafts Bill to Promote Use of Plastic Money
The Greek Finance ministry is drafting a new bill soon to be tabled in parliament that would offer tax benefits to people who use credit or debit cards for their payments.
Citizens who spend 10-30% of their income in purchases...
Greece
German Finance Ministry: Greece’s Debt Crisis and Refugee Problem are Different Areas of Policy
Friederike von Tiesenhausen, Head of the Press Division, Spokesperson for Germany’s Federal Ministry of Finance, said today that Greece must oblige with whatever has been agreed regarding the new bailout program, underlying that Greece’s debt crisis and the refugee...
Economy
Greek Finance Ministry Sources Discuss Changes to Real Estate Tax
There is no issue of changing the 2015 Uniform Real Estate Ownership Tax (ENFIA), Finance Ministry sources said on Thursday regarding the ruling of the Council of State.
The Council of State, Greece's supreme administrative court, on Wednesday officially published...