Greece
Economy
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...
Economy
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...
Greece
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...
Economy
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...
Crime
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...
Business
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
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
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...
Crime
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...
Economy
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...
Economy
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...
Archaeology
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...
Crime
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
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...
Greece
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...