General Accounting Office
Economy
Greek Government Arrears Piling Up
An increase of nearly 70 million euros was recorded in the government's arrears to individuals in June, with debts amounting to 5,134 billion, from 5,067 billion in May.
According to State General Accounting Office figures, 3,579 billion account for overdue...
Economy
Greek State Dodges Payments to Suppliers
The Greek State has only paid 47.2 million euros in the first two months of 2017 out of the 3.8 billion it owes to suppliers and service providers, according to General Accounting Office figures.
On January 1st, State debts to...
Economy
New Debts to the Private Sector Pile Up as Greek Government Repays Previous Debts
While the Greek government has begun to repay its debts to the private sector, new debts are starting to pile up, according to the Finance Ministry.
Based on the data provided, at the end of September the amount of arrears...
Economy
Greece's New €3.6 Mln Development Law Includes €2.5 Mln Repayment of Old Projects
The new 3.6-billion-euro development law tabled in Greek Parliament on Thursday includes 2.5 billion euros that will be used to repay older investment projects.
Specifically, the 2.5 billion euros are earmarked to repay investment projects subject to laws 3299/2004 and...
Crime
Greek State Employees and 57 Companies Engulfed in Latest Corruption Scandal
A high-ranking official of Greece's General Accounting Office has been charged for illegally making the Greek state a guarantor to 57 businesses in Northern Greece that were facing financial challenges.
The prosecutor's investigation has found that this employee signed off on requests for the Greek state...
Economy
Troika Returns to Athens to Assess Greek Economy and Start Negotiations
The troika of international creditors returns to Athens on Thursday to start assessing the state of Greece's economy, complete the review of the second bailout program and start working on the third.
According to a Proto Thema newspaper report, the...
Economy
Greek Public Sector Pensioners Reach Almost Half a Million in 2014
The number of public sector pensioners reached 468,422 in 2014 and cost almost 6 billion euros, while 55.176 were added in the past five years, according to figures given by the General Accounting Office.
The figures were presented to the...
Economy
Greek State losing 7.5 Billion from Motorways
As revealed in a report by the General Accounting Office, the Greek State loses 7.5 billion euros, according to the terms of the new contracts for motorways and road tolls.
The General Accounting Office reported that the amounts that the...
Business
State Bill Payments Still Lagging
The State’s General Accounting Office has paid 4.3 billion euros in overdue bills but still owes 1.4 billion euros to individuals, with some businesses complaining the lag in reimbursements for Value Added Tax (VAT) overcharges and other monies the...