Crisis-Stricken Greeks Must Pay 5.5 Billion Euros in Taxes

As of next Monday, 4.3 million Greek taxpayers will have a 5.5 billion euro tax bill that is due and payable to the State by the year's...

ILO Finds Real Wages in Greece Fell by 3.5% in 2017

According to a study published by the International Labor Organization (ILO), real wages in Greece fell by 3.5 percent in 2017, the biggest decline...

No Need to Cut Pensions, Says EU Commission Vice President

Greece will meet the 3.5 percent primary surplus target for 2019 and therefore no pension cuts will be needed, said European Commission Vice President...

Major Tax Cuts and “Social Dividends” Announced in Greek Parliament

The Greek government announced Wednesday that the Uniform Real Estate Ownership Tax (ENFIA) will be significantly reduced for over 5.1 million property owners. In...

Athenian Hotel Prices See Steep Rise in 2018

The emergence of Athens as one of the most popular "city-break" destinations in Europe during the last few years has caused a substantial increase...

Electronics Sales Booming in Greece

The sales of technological consumer products in Greece grew by 5.6 percent in the nine months between January and September 2018, totaling €1.5 billion...

Greek Budget Primary Surplus Up by €1.105 Billion Over Last Year

The Greek state budget recorded a primary surplus of €6.435 billion ($7.315 billion) in the ten months between January and October 2018, exceeding a...

Greek Banks Ready To Agree on New Home Protection Plan

The Hellenic Bank Association is ready to agree with the Greek government on a new plan which aims to protect the primary homes of...

Tsipras Urges Italy to Follow EU Rules

Greek Prime Minister Alexis Tsipras has urged the Italian government to adhere to EU  demands to lower the country's deficit, according to the Corriere...

Bank of Greece Presents Plan to Slash Non-Performing Loans by 47%

Τhe Bank of Greece on Thursday presented a plan to reduce Greek banks' non-performing loans by up to 47 percent. Greek banks currently hold the...

Wages in Public Sector Rose for Last Three Years; Private Sector Fell

According to the ERGANI database of the Greek Labor Ministry, the wages the Greek State paid to its staff rose by the impressive figure...

Souvlaki Bars, Solicitors, Funeral Services Join Black Friday Hype in Greece

Black Friday hype has engulfed Greek consumers eager to take advantage of the sales offered by retailers. Introduced to Greek consumers in 2015, with mostly...

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