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Greece

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Loss of GST revenues in billions

Greece would have had additional revenues of 9.8 billion euros last year had it matched the average level of value-added tax takings among member states of the Organisation for Eco

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Even the blind can drive in Greece

Some 36,000 disability allowances will be cut at the end of the month, following a national investigation into fraudulent claims.

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Budget deficit contained

The budget deficit was contained in the first two months of the year, but the considerable slump in value-added tax revenues by 8.6 per cent and the huge excess in spending for soc

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Greece has a friend in me, says Hahn

“Greece has made significant steps forward but there’s a long road ahead to exit the recession tunnel, despite the fact we can see light ahead”.

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New Democracy leads in latest poll

The new Greek parliament would see the leading party without an overall majority and up to eight parties crossing the three per cent threshold, according to a poll published on Thu

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Greek companies cut salary by 20 per cent

The labor market is undergoing a huge shift after the reduction of the minimum wage.

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Sachinidis, finance minister for Greece

Deputy Finance Minister and Larisa MP Filippos Sachinidis was sworn in as the country’s new finance minister, replacing Evangelos Venizelos who stepped down to lead Pasok.

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Athens properties least popular

Athens ranks last among 27 European metropolitan cities as far as its ability to attract real estate investment is concerned, according to an annual survey by PricewaterhouseCooper

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Police leave cancelled ahead of military parades

All police leave has been cancelled for this weekend ahead of the military parades on Sunday to mark Independence Day.

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Cyprus rating gets junk status

Cyprus’ sovereign debt has been slashed to junk status by the ratings agency Moody’s, due to heavy bank exposure to the Greece’s struggling economy.

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