16122018Headline:

Pension reductions to be revoked on permanent basis, eurozone official tells DW

Monday’s Eurogroup is expected to approve the Greek fiscal budget for 2019, according to a high-level eurozone official quoted by Deutsche Welle (DW) on Friday. The budget does not include a cut in pensions scheduled to kick in on January [...]

FinMin Tsakalotos: We have an opportunity to change Greece

“We have an opportunity to change Greece” said Finance Minister Euclid Tsakalotos at a SYRIZA event at the Congress Hall Germanos at TIF in Thessaloniki on Saturday. Tsakalotos said that for the first time, after many years, the [...]

Achtsioglou: Government is “working intensely” to increase minimun wage by January

The government is “working intensely” to achieve a hike in the basic wage by January, Labour, Social Insurance and Social Solidarity Minister Efi Achtsioglou announced during an interview with ERT3 public broadcaster on Friday. She [...]

Plastic shopping bag fee to rise to 0.09 euros as of Jan. 1

The charge on plastic shopping bags will rise to 0.09 euros, from 0.04 currently, as of January 1, 2019, following a decision of the Greek parliament’s plenary session on Friday. Speaking to national broadcaster ERT1 the same day, Alternate [...]

Hellenic Statistical Authority: Retail sales volume up 3.3 pct in September

The volume of sales in retail commerce grew 3.3 pct in September this year, compared with the same period in 2017, Hellenic Statistical Authority said on Friday. The statistics service, in a monthly report, attributed this development to a 5.9 [...]

Greece now has more freedom to solve its problems, Dragasakis says

“In 2015, when we won the elections, Greece had a memorandum, recession and unsustainable debt,’ government Vice President and Economy and Development Minister Yiannis Dragasakis said in a conference held at the Athens Concert Hall. “However, [...]

Greek 2019 budget changes mixture of fiscal policy, Chouliarakis says

Τhe Greek 2019 state budget is gradual changing the mixture of fiscal policy, lowering social insurance contributions and taxes as a first step in a medium-term strategy of tax reductions towards 2022, Alternate Finance Minister George Chouliarakis [...]

Connection between TAP and TANAP pipelines completed at Greek-Turkish border

The connection between the Trans Adriatic Pipeline (TAP) and the Trans Anatolian Pipeline (TANAP) was successfully completed with the final “golden weld”, TAP announced on Wednesday. The golden weld took place at the Greek-Turkish [...]

Greek stocks ended slightly lower in the Athens Stock Exchange on Wednesday

Greek stocks ended slightly lower in the Athens Stock Exchange on Wednesday, with the general index of the market falling 0.19 pct to end at 603.11 points, off the day’s lows of 601.70 points. The Large Cap index rose 0.23 pct and the Mid [...]

Six of ten fuel stations involved in tax evasion and fuel smuggling

Inspections by the SDOE financial crimes squad have uncovered serious cases of tax evasion and illegal fuel trading in six out of 10 filling stations inspected, the SDOE announced on Wednesday. In addition, one station had two illegal underground [...]