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Cyprus Airways Chairman Resigns

Antonis (Tony) Antoniou, Chairman of the Board of Directors of Cyprus Airways, submitted his resignation to the President of the Republic of Cyprus. Antoniou, was...

ENFIA Tops Agenda at MPs and Hardouvelis Meeting

The errors in the calculation of the unified property tax (ENFIA) topped the agenda of a meeting between Finance Minister Gikas Hardouvelis and coalition government MPs, as...

Greece Posts €2.3 Billion Primary Budget Surplus in Jan-July

On Thursday, Greece reported a primary budget surplus of 2.279 billion euros in the January-July period. In the corresponding period in 2013, primary surplus stood...

No Marriage and Child Benefits to Private Sector Employees

According to Imerisia newspaper, the new collective agreement for private sector employees signed this month does not provide for marriage and child benefits. Up...

State Legal Council Pardons Municipal Managers

Greece's State Legal Council has ruled that the omission of debts of municipal enterprises in their respective municipalities is effective, implying that those responsible for these...

EFSF Clears 1 Billion Euros Loan Tranche to Greece

The Board of Directors of the European Financial Stability Facility (EFSF) approved on Wednesday the disbursement of a 1 billion euros loan tranche to Greece,...

Greece Beats Budget Target

Greece continued to beat its budget targets, the Finance Ministry said Wednesday, posting a smaller-than-expected deficit for the central government in the first seven...

In-House Checks for Tax Evaders

In a continuous effort to fight tax evasion, Greece is adopting the US model as the State Legal Council has ruled in-house checks or...

Non-Profit Group Saves Greece Multi-million USD of Debts

The Greek government accepted a donation of 2.3 million euros (3.1 million U.S. dollars) worth of state bonds acquired by a non-profit group, the...

Greece Appoints New HRADF Managing Director

The Greek government has appointed a new head of its privatization fund, HRADF (Hellenic Republic Asset Development Fund). This will be the fifth change...