European Commission

Uncollected VAT revenues in Greece for 2015 are estimated at 5 billion euros, according to a report by the European Commission. The report places Greece among the top three countries with the highest VAT Gap in terms of percentage...

Fiscal issues, structural reforms and Non-Performing Loans (NPLs) are the focus of the third post memorandum review of the Cyprus economy, which began on Monday. Emphasis will be placed on the NPLs, which account for 46% of the total loan...

Greece's plan to make country-of-origin labeling on milk mandatory from 2018, has led to a backlash from some of the bodies of the dairy industry. Greek Agriculture Minister Evangelos Apostolou announced the plan on September 7, and the bill is...

The first response to the conviction of former Greek Statistics chief Andreas Georgiou today by an appeals court, came from EU Commission spokeswoman, Annika Breidtheart in Brussels. The spokeswoman reaffirmed the EU Commission's trust in the Greek Statistics Authority's (ELSTAT)...

European Commission President Jean-Claude Juncker on Friday telephoned Prime Minister Alexis Tsipras and expressed his condolences for the victims of the earthquake that struck Kos in the early hours of the morning, as well as the Commission's support for...

The European Commission on Wednesday recommended closing the Excessive Deficit Procedure for Greece, saying the three times bailed-out country has made substantial efforts in recent years to consolidate public finances. EU rules demand that governments keep their budget deficits within...

Greece was 22nd out of 28 EU countries in innovation in 2016, according to the main findings of the latest Innovation Scoreboard, published by the European Commission. Greece is classified as a moderate innovator and its performance has increased by...

The EU says that Greece will need more debt relief in order to win the trust of investors, even though it’s likely to exit its rescue program with a 9 billion euro cash buffer, according to a Bloomberg report. According...

The European Commission on Wednesday awarded Christos Raftogiannis and Evriviadis Makridis for their invention of an Automated Indoor Farming device with which you can grow 40 different fruits and vegetables in your home. CityCrop offers a fully automated indoor garden...

"It is time to proceed with the disbursement of the next loan tranche to Greece," the European Commission vice president Valdis Dombrovskis said on Thursday. Asked on the implementation of the prior actions, he said that it is satisfactory...