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Greece

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Banks fined for withholding salaries

Three banks will need to pay combined fines of 260,000 euros as the General Secretary for Consumers found them guilty of breaking the law in withholding the salaries paid to accoun

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Greece ready to provide assistance to Turkey

Greece is prepared to provide all possible assistance to the Turkish authorities, foreign minister Stavros Lambrinidis told his Turkish counterpart Ahmet Davutoglu, following the d

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50% cut offers new dawn

Euro zone leaders struck a deal with private banks and insurers on Thursday for them to accept a 50 per cent loss on their Greek government bonds under a plan to lower Greece’s deb

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Stores burgled during unrest

More than 400,000 euros worth of merchandise was stolen from stores in central Athens during disturbances at an anti-austerity rally last Thursday.

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Program to encourage youth back to the land

A new government scheme which aims to tackle youth unemployment and boost the farming sector by leasing plots of state land to young or unemployed farmers at a cheap rate is under

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La Mirage to become student dorm

La Mirage, an old hotel in a rundown part of Athens near Omonia Square, is to be transformed into accommodation for students.

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Tax-evasion expert resigns

The resignation of Diomidis Spinellis from his post as secretary-general of the General Secretariat of Information Systems (GSIS) this week has fuelled recent rumours of infighting

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Jobless numbers on the rise

As the number of first-time filers for unemployment benefits rises, the Organisation for the Employment of Human Resources (OAED) is reporting an unprecedented jump of more than 18

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Release of debtors list takes a U-turn

The government had promised to publicise a list of people with major tax debts this week, but decided on Tuesday to postpone that indefinitely.

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New tough tax regulations

Tax authorities will be able to withhold salaries and pensions and confiscate the properties of taxpayers who do not pay their special property tax.

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