Economy
Economy
IOBE Survey Shows Slight Increase in Economic Sentiment Following Second Bailout Review
According to the monthly survey by the Foundation for Economic and Industrial Research (IOBE), following the second bailout review there has been a slower than expected increase in business and consumers' economic sentiment.
The IOBE report, which was released on...
Economy
Moody's Upgrades Greece's Sovereign Bond Rating to Caa2, Changes Outlook to Positive
Ratings agency Moody's announced on Friday it is raising Greece's credit rating one notch from "Caa3" to "Caa2", citing the successful completion of the second program review, the improved fiscal prospects, as well as tentative signs the economy is...
Economy
What the Greek Government Agreed on With Lenders – The Complete Texts of the New Memorandum
The new dramatic cuts in pensions, new tax increases, additional measures to close the 535 million euro gap in 2018, and all other government commitments are outlined in text that has been published by the Commission on its website.
Interestingly,...
Greece
Greece's Finance Ministry Launching 'Receipt Lottery' at End of June
The Finance Ministry will be launching a "receipt lottery" in hopes of encouraging consumers to ask for receipts and decreasing tax evasion. It is set to start in late June across Greece and the ministry has allotted 12 million...
Economy
Greek Banks Have Adequate Capital to Fund Real Economy
Greek banks have adequate capital to fund the real economy, both business activity and the retail commerce sector, focusing on commercial credit, bank officials said.
Greek banks are ready to channel liquidity in the market with the aim to contribute...
Economy
Greece Signs Multilateral Convention to Prevent Tax Avoidance, Double Taxation
Greece joined 76 other countries and territories in signing on Wednesday the "Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting” (BEPS), on the sidelines of the Organisation for Economic Co-operation and Development’s...
Economy
Tsipras and Putin Discuss Need of Strengthening Greek-Russian Relations
Prime Minister Alexis Tsipras underlined the strengthening of the Greek-Russian relations in the sectors of economy, trade and tourism in his meeting with Russian President Vladimir Putin, on the sidelines of the Belt and Road forum that is taking place...
Economy
Greek Universities Generate Most Original Research, But Have Limited Impact on Country's Economy
Greece's universities and other tertiary education institutes generate the most original research in the country, according to a report by the National Documentation Centre (EKT) released on Wednesday.
Even though their share of total R&D activity exceeds 35%, making it one...
Economy
Return of Institutions to Athens at the Heart of Lagarde-Tsakalotos Meeting
A meeting between IMF Chief Executive Christine Lagarde and Euclid Tsakalotos took place on Friday afternoon within the framework of the Spring Fund Summit in Washington and lasted about 40 minutes.
Up for discussion was the reduction of the Greek...
Economy
State Debt Mounting as Bailout Review Is Delayed
There is no end in sight for the mounting dues the state owes to both the market and taxpayers causing congestion in the market and for businesses in Greece.
With a total of some 5.05 billion euros owed to both the market...