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Economy

2/3 of TAP gas pipeline cleared in Greece and Albania

More than 500 kilometers out of 765 kilometers of the Trans Adriatic Pipeline’s (TAP) route has been cleared in Greece and Albania, which is 2/3 of the pipeline’s length in those two countries, TAP AG consortium said. At the same time, welding and trenching work continues as part of TAP’s …

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Inspectors find tax evasion conducted by foreign-registered yachts

The Greek Coast Guard in cooperation with the newly established independent authority for public revenues, has reportedly stepped up checks of yachts and tourist vessels this summer in an attempt to net undeclared charter revenues and foreign-registered vessels that illegally carry out excursions exclusively in Greek waters. Inspections initially check …

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ELSTAT suspends quarterly flash estimates on GDP; media speculate

Greece’s statistics service ELSTAT has suspended until further notice the release of flash quarterly estimates on the country’s gross domestic product because of divergences with provisional estimates, a statement issued by ELSTAT said on Monday. The move means that flash data will not be issued on Aug. 14. Nationwide quarterly …

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Greece to launch hydrocarbon tenders in Ionian Sea and Crete

Greece will soon launch two new international tenders for the concession of hydrocarbon exploration and exploitation rights in the Ionian Sea and Crete. The new tenders will be launched after applications submitted by the Total-ExxonMobil-Hellenic Petroleum consortium -which is interested for the sea regions southwest of Crete- and Energean Oil …

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German Economist Issing call on Euro-Sabbatical for Greece

Otmar Issing, former Chief Economist and Member of the Board of the European Central Bank and the German Bundesbank, brings back Grexit scenarios, demanding a Euro-sabbatical for Greece. In an interview with business news magazine Wirtschaftswoche, Issing warned of a new flare-up of the euro crisis. “The euro crisis is …

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Greece’s debt collectors to screen debtors’ Facebook & other social media accounts

Are you a bank debtor in a cash-strapped country and owner of several accounts on social media? News is bad, my friend. The banks are after you with new methods to prove whether your claim “I have no money” is true or not. They will screen your Facebook, Twitter, Instagram …

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Greece announces “Return to Bond Markets”, aims to raise €4.03billion

The much anticipated return to the bond markets is on. Greece’s government is returning to the financial markets for the first time since 2014. The bond sale started at 1 p.m. Monday noon July 24th. 2017. The government aims to raise some 4.03 billion euros from the auction, while the …

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