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Economy

Two weeks mid-season sales start Nov 1, shops open on Sunday

Mid-season sales aimed at boosting the flagging retail market will be starting in most parts of the country on Wednesday, November 1, and running for two weeks through Wednesday, November 15. According to legislation, regional authorities are allowed to determine when they want to hold the discounted shopping period, meaning …

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Greece’s Bank deposits rise in September 2017

The Bank of Greece (BoG) announced that private sector deposits in the country increased by 52 million euros in September, compared to the previous month, reaching 1.047 billion euros in the country. The annual growth rate stood at 4.6 percent on a monthly basis, as capital controls remain in force …

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Greece’s Eurobank raises €500mln with covered bond issue

Greek lender Eurobank issued its €500 mln covered bond attracting more than € 1bn in bids. In a statement the Eurobank underlined the “successful issuance of covered bonds amounting to €500m” and said: Eurobank successfully concluded yesterday a €500m. new covered bond transaction (bond or covered bond). A series of …

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Greece to launch platform for online foreclosures on Nov 29

The intention of Greek government to start online foreclosures on November 29 was reiterated at a meeting between government officials and the technical experts of the country’s creditors in the Greek capital. According to previous reports, the online foreclosures will be held for properties worth more than 300,000 euros. The …

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Greece can also without the IMF, says FinMin Tsakalotos

Greece can proceed with the implementation of the bailout program with or without the participation of the International Monetary Fund (IMF), says Greek Finance Minister Euclid Tsakalotos. According to Greek media reports, Tsakalotos told a panel on Thursday night at the Elliott School of International Affairs at George Washington University, …

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US, Greece agree to exchange tax reports on multinationals

The US IRS announced this week on its website that the US has entered into a bilateral competent authority agreement with Greece to exchange country-by-country reports on multinationals. The agreement, signed September 27, puts into effect a 2015 deal reached by OECD and G20 nations under the base erosion profit …

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