Tag Archives: debts

“Energy tourists” in Greece have burdened energy suppliers with an estimated overdue debt of 300-400 million euros. “Energy tourists” are repordely households and businesses, who move from one electricity provider to another leaving unpaid bills. According to calculations by the General Manager of “Natural Gas” and president of ESPEN (Association …

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Debts to municipal authorities will be written off after five years, according to a bill tabled by Greece’s interior ministry for a first reading at the parliamentary committee level. According to media and Finance Minister Christos Staikouras, the bill refers to debts stemming from: real estate fees (TAP/ΤΑΠ) contribution of …

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Greeks ranked lowest among 24 countries in Europe for the second time in terms of their ability to pay their bills in 2020, according to the annual European Payment Report published by Intrum. The survey also found that nearly half saw their incomes drop as a result of the coronavirus …

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Expired debts of employers, freelance professionals, the self-employed and farmers to the Single Social Security Entity (EFKA) soared by 687 million euros during the difficult second quarter of the year. The quarterly report by the Debt Collection Center (KEAO) for the April-June period revealed an increase in social security arrears …

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Public Power Corporation (PPC) , Greece’s biggest utility, is close to selling off a bundle of unpaid bills worth about 300 million euros in a secularization deal with JPMorgan, two sources close to the matter told news agency reuters on Tuesday. PPC, which is 51% state-owned, is struggling under a …

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The Hellenic Gaming Commission (EEEP) shut down the casinos in Rio and Alexandroupolis due to debts to Social Security Fund EFKA. The casinos will remain closed for two months. According to an EFKA report, the Rio casino had overdue contributions arrears of €25 million euros, while the Alexandroupoli casino owed …

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The much anticipated bill regarding the settlements of debtors to the state was presented on Sunday. Debtors to tax offices and social security funds as well as to municipalities will have now the possibility to settle their debts with 120 installments with a minimum installment of 30 euros. The settlement …

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More than 4 million taxpayers owe to the Greek state a total of 104.365 billion euros. Just 79 of them have debts amounting 34.156 billion euros. According to the data of the Independent Public Revenue Authority (AADE), out of a total of 4,064,750 debtors, 54.6% owe amounts of less than …

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The Greek state decided to cut by 50% the interest rate it has to pay to citizens and business due to delays in paying its debt. According to an voted amendment the interest rate is reduced to 3% from currently 6%. In its statement to justify the cut the State …

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Greek Finance Minister Euclid Tsakalotos unfolded the government plans how to deal with red loans and how the country will return to the markets. In an interview with radio News24/7 on Tuesday, Tsakalotos said that Greece negotiated hard with the country’s lenders to secure a buffer of 25 billion euros …

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Thousands of Greeks appear to have debts to Public Power Corporation (DEH) although they have paid their bills in time. Not only have they been deprived of the 15% discount for payment on time, they are also at risk to have the power supply in their homes and businesses cut. …

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All properties and assets auctions for outstanding debts to the state will go exclusively online as of 1. May 2018, Finance Minister Euclid Tsakalotos told the Parliament on Friday when he introduced a relevant amendment to the omnibus bill. The amendment was tabled by the finance and the justice ministries …

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Unpaid taxes to the state have passed the 10 billion euros mark in November. One in three Greeks did not pay the taxes they had to with the effect that the total volume of outstanding debts to the tax office to be 11.6 billion euros. And this despite the fact …

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Ignorance? Want? Ugly, mean and greedy little creatures? That was in mid-Victorian England and in Charles Dickens’ A Christmas Carol.  In the novel that has touched millions people ever since it was first published in 1843, ‘the two emaciated children” grow up to be adults, Ignorance as adult man in …

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Greece’s Public Power Company (DEH) is turning to radical measures to tackle the problem of unpaid bills, amounting to more than 2.4 billion euros. The PPC not only increases the interest rate in outstanding bills, it also hires collector agencies to scare the hell out of those who do not …

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A small entrepreneur on the island of Symi put an end to his life unable to cope with his debts. The 60-year-old man was found hanging in his small cafe by his friends, taxi drivers who used to have their morning coffee before starting work. The small community on the …

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The long-anticipated out-of-court settlement allowing the restructuring of arrears owed by private sector companies to the Greek state and to banks goes into effect as of 3. August 2017, when the electronic platform opens for submissions. A total of 300,000 companies have the chance to solve their financial indebtedness. The …

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Health Minister Andreas Xanthos announced a legislation in order to facilitate the write off of uninsured patients’ debts to public hospitals and therefore to the tax office. Speaking to Sto Kokkino FM, Xanthos said that there have been confirmed debts amounting 28,000,000 euros for treatment of uninsured patients until 2015. …

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Greece’s Public Power Company hired an artistic director for its choir. It sounds like a bad musical the moment the PPC announced to retrieve retrospectively €735 million euros from electricity consumers as  outstanding debt have reached 2.2 billion euros. In a job opening that run from March 24 to April …

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The self-proclaimed billionaire and now fugitive Artemis Sorras has been charged with fraud and running a criminal organization. The office of prosecutor in Athens published a long list of charges against Artemis Sorras and seven of his close associates on Tuesday. The list of charges reportedly contain “half of the …

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