Greece
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Panagiotis Nikoloudis

State Minister Gives Justice List of Illegal Loans by Former Greek State Bank

State Minister Panagiotis Nikoloudis said he gave justice a list of 1,300 illegal loans given out by former state-owned Agricultural Bank of Greece (ATE). Nikoloudis, who is in charge of fighting corruption, said that the loans given and never repaid...

Draft Legislation for the Illegal Import of Tobacco in Greece

Greek State Minister Panagiotis Nikoloudis presented on Thursday the government’s draft legislation to suppress the cigarette and tobacco "black market." The law introduces production line inspection, as well as packaging, trade, distribution and retail sales, with the proposition to prevent illegal trade and...

Greek Deputy Minister of State: Fighting Corruption Will Be 'Number One Priority'

Fighting corruption and finding ways to offset the harsh measures imposed by Greece's creditors will be the coalition government's top priority, Deputy Minister of State Terens Quick told the ANA-MPA in an interview. "The number one priority is for people...

Greece to Offer Amnesty for Undeclared Income with 21% Tax

The Greek government decided on Wednesday to offer amnesty to citizens who have hidden money and undeclared incomes under the condition that they will pay a one-off tax of 21% to the state. Originally Greece's Finance Ministry had considered two different...

Varoufakis Preparing Bill for Voluntary Declaration of Swiss Bank Deposits

The Greek government will table a new draft bill to Parliament that will allow Greek citizens to voluntarily reveal deposits held in Switzerland in exchange for a smaller tax payment, Finance Minister Yanis Varoufakis said on Tuesday. Speaking to reporters after...

Combating Corruption Minister Nikoloudis: All Greek Contracts Included Kickbacks

Greek Combating Corruption Minister Panagiotis Nikoloudis has recently proceeded to an alarming statement, explaining that all contracts signed in the past between the Greek state and companies included kickbacks ranging from 2% to 2.5%. "In the large contracts for...

Swiss Banks Will Not Release Information on Suspected Greek Tax Cheaters

Swiss banks will not give the Greek government information on Greek depositors who are suspected of tax evasion, said a high-level official of the Financial Crime Unit (SDOE). According to Swiss legislation, banks are not obligated to provide information on...

State Ministers Hold Meeting with Swiss State Secretary on Tax Evasion

The fight against international tax evasion dominated a meeting at Maximos Mansion between Greek State Minister Nikos Pappas and State Minister for Combating Corruption Panagiotis Nikoloudis with Swiss State Secretary for International Financial Markets Jacques de Watteville. The meeting, which...

Greek Gov't to Go After 80,000 Rich Tax Evaders

Greek government anti-corruption chief Panagiotis Nikoloudis is investigating 80,000 wealthy Greeks who are suspected of having at least 200,000 euros each in undeclared funds in bank accounts abroad. The SYRIZA government has pledged to tackle tax evasion. On Monday's meeting with German...

Greek Government to Set Ceiling on Loans to Political Parties

The Greek government is raising the issue of changing the current framework for loans to political parties while SYRIZA deputies Stathis Panagoulis and Nasos Athanassiou are asking for details over PASOK and New Democracy's loan obligations. "The issue of bank...