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Greece

Collectible Euro Coins Issued by the Greek General State Accounts Office

The Greek General State Accounts Office will issue collective Euro coins. According to the Office’s planning, the following coins will be issued: 1. Collectible circulation 2 Euro coins in special packaging, dedicated to the 10 year anniversary of Euro transactions...

Could 2020 Signal the End for the 1 and 2 Euro Cent Coins?

The fiscal authorities of the European Union are considering the possibility of abolishing the coins which represent the value of one and two euro cents, according to an EU document that recently became public. The European Commission is thinking about...

Athens the Second Most Densely-Populated Area in Europe

The density of population in central Athens is the second highest in Europe, according to data published recently by the European statistical service, Eurostat. Two other areas of the Greek capital also feature in the top ten most densely populated...

Greece Issues Commemorative Coins for 2500th Anniversary of Battle of Thermopylae

Greece will soon issue two commemorative coins to mark 2500 years since the historic battle of Thermopylae, fought in 480 BC. Their official announcement took place recently in Berlin, during the event called the ''World Money Fair 2020,'' which was...

Turkish Citizen Arrested for Smuggling Hundreds of Ancient Greek Coins

Officers at the customs office of Kipoi (on the border with Turkey) confiscated 1,055 ancient Greek coins from a Turkish national on Tuesday, after a search was carried out when the suspect was entering the country from Turkey. The Independent...

Greece First in Taxes Among Eurozone States, Survey Reveals

Ten years ago, in 2008, Greece had the 13th place among the European States who share the Euro as their currency, regarding the taxes-to-GDP ratio. After 10 years and three bailout programs from the International Monetary Fund and the...

Greece Honors Dodecanese, Poet Kostis Palamas With New Coins

Greece is issuing commemorative €2 coins honoring the 70th anniversary of the  Dodecanese islands' return to Greece and the 75th anniversary of the death of poet Kostis Palamas. The Dodecanese is a group of 15 large islands -- including Rhodes...

Greece Has €5.26 Billion Euros of Gold Reserves, Half of Which is Abroad

Greece reported having some 149.1 tonnes of gold reserves at the end of 2016 amounting in the value of 5.26 billion euros, according to reports by Reuters. Almost half of that gold is kept in vaults abroad, and after a Greek...

Greek State Loses 37.044 Bln Euros from VAT Evasion

The European Commission released a report on Friday which details the losses incurred by the European Union member states due to VAT tax evasion from 2009-2013 and sheds light on the extent of the problem in Greece. During these five...

Greece Owes 4.4 Bln Euros to Suppliers

Greece's economy seems to have reached its lowest point, as the Greek government is unable to pay 4.4 billion euros to its suppliers. Meanwhile, the Greek insurance funds are facing the same problem with administration striving to find more resources. Over...

Yanis Varoufakis: "Greece Will Adopt the Bitcoin If Eurogroup Doesn't Give Us a Deal"

While Greece's lenders are pushing the Greek government to accept their terms in order to allocate funds so the country will not go bankrupt, Greek Finance Minister Yanis Varoufakis seems to have another ace up his sleeve. The second top thinker in the...

German Auction House Sells Macedonian Coins Allegedly from Amphipolis

In light of this summer's excavation of a monumental tomb at Amphipolis in northern Greece, a recent auction of ancient Macedonian coins by the German house Gorny and Μosch has raised eyebrows in the art world. The 15 ancient coins, dating from the era of...

Thebes: Ancient Priceless Coins Found in Burglar's House

Greek police have uncovered a priceless treasure while searching the home of a 29-year-old man who had recently committed at least six burglaries around Thebes. One gold and three silver coins were recovered and police are conducting an investigation to determine...

Cyprus University First to Accept Bitcoins for Tuition

The University of Nicosia founded in 1980, became the first university to globally accept the popular digital currency bitcoin for the payment of tuition and other fees. It is used in aim to help foreign students in countries--where traditional banking...

Greek Goddess Europa Adorns New Five-Euro Note

The ancient Greek goddess Europa who was abducted and raped by the god Zeus is to be featured on new five-euro notes which will be unveiled by the European Central Bank in the Spring. It is only the second series...