December 2, 2022
Economy
Greek banks must come up with proposals to actively support citizens who face a lot of financial pressures due to high inflation and the rise in the cost of money, Greek Finance Minister Christos Staikouras told them on Thursday, giving bankers a two-week deadline to do so. According to a …
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November 21, 2022
Economy, FEATURED
Greece’s Finance Ministry will take to curb tax evasion and the concealment of income earned by short-term rentals Airbnb-style, while seeking in the process to increase the protection of tourism enterprises from unfair competition. The ministry is determined to use all means available to restrict such phenomena and, if necessary, …
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June 23, 2022
Economy
Greece’s Finance Ministry announced on Thursday the extension of the deadline for submitting income tax returns, until July 29, 2022. The extension aims to “facilitate taxpayers to be consistent in their obligations.”, the ministry said in a statement. Note that the relevant deadline was to expire on June 30. According …
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February 12, 2021
CORONAVIRUS, Economy
Greece’s Finance Ministry announced late on Tuesday that was freezing until the end of the year all taxpayers’ debts worth around 1.0 billion euros which were suspended until April 30, 2021. According to an announcement the ministry doubles the number of installments in the repayment of these debts, to 48 …
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January 2, 2021
CORONAVIRUS, Economy
Shops and businesses that will remain closed until January 11 will not have to pay rent for the month of January, the Ministry of Finance announced on Saturday. The ministry decision came after Saturday’s announcement of returning to the restrictive measures as they stood right before the Christmas and New …
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May 1, 2020
Economy
Greece’s economy will contract by 4.7% in 2020 due to the pandemic crisis but it will return to positive growth with a rate of 5.1%, the Finance Ministry said in its reform program sent to the European Commission in the framework of the European Semester. Unemployment is expected to reach …
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February 12, 2020
Economy
The Greek state is seeking for “whistleblowers” and will also reward them, if they give information about unclaimed inheritances. The whistleblowers can earn 10% of the value of the unclaimed assets. This was decided by Deputy Finance Minister Apostolos Vesyropoulos on Tuesday. According to the decision, anyone with information about …
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December 6, 2019
News, Tourism
School trips are a key part to education in Greece. The visits are regular and schoolchildren do not pay to enter the archaeological sites and museums. However, a recent decision by the ministers of Finance and Culture demands that schoolchildren from non-EU countries will have to pay an entrance fee …
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June 5, 2019
Economy
The Greek Finance Ministry dismissed the report of the European Commission released earlier today. “The primary surplus for the general government in 2019 will reach 4.1% of the GDP,” sources of the finance ministry told media and rejected the evaluation that the relief measures pose a risk for the agreed …
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September 20, 2018
Archeology, Culture
Archaeologists and sites Guards are up in arms after the Greek Finance Ministry issued a decision ordering the trasnfer several historical sites and buildings, museums, monuments and historical buildings to the Super Privatization Fund. “They belong de facto to the state and are off any trade,” the Greek Archaeologists Association …
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April 12, 2018
Economy
Greece’s Finance Ministry submitted a regulation to the Parliament offering tax protection to occasional workers with low annual income. The regulation refers to incomes obtained in 2017 and was submitted ahead of the tax declarations to be made in coming weeks of 2018. The regulation allows low-income tax payers who …
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January 23, 2018
Economy
Finance ministry sources on Tuesday dismissed several local press reports claiming that the Greek coalition government has promised creditors that 130,000 auctions of foreclosed property will be held by 2021. “There is no agreement with the creditors for 130,000 auctions within the next four years, such an agreement does not …
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January 9, 2018
Greece, Politics
The leader of small opposition party To Potami has put the credibility of the procedure of the finance ministry lottery that is based on taxpayers’ receipts based on purchases via credit and debit cards. Leader Stavros Theodorakis demands the prosecutors’ intervention on the issue claiming that “the statistical impossible has …
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December 26, 2017
Economy
10.963 Greek taxpayers were lucky to have their receipts win in the Christmas Eve lottery of the Finance Ministry that awards payment transactions with credit and debit cards. The lottery was based on purchases or payments made by taxpayers electronically or through cards for the months January – September and …
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December 1, 2017
Economy
The much anticipated lottery of plastic money transactions was finally conducted on Thursday evening. One thousand lucky taxpayers shared 1,000,000 euros and each one will see €1,000 on its bank account, thus tax-free. The total number of transactions participated in the lottery amounted to 8,254,535, corresponding to 4,556,328 tax payers …
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November 29, 2017
Economy
The first ever lottery for purchases via credit and debit cards will take place on Thursday, November 30th 2017. To start with, the Greek Finance Ministry will use the data for purchases made in October. The Ministry reportedly plans one more lottery draw action in December for transactions via plastic …
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November 14, 2017
Economy
Airbnb refused to provide the Greek Finance Ministry with information on property rentals thus delaying the launch of an online platform where owners should register the rental transactions and pay the necessary taxes. According to information obtained by economic news website economy365.gr, the Finance Ministry has tried for five months …
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September 27, 2017
Politics, World
Wolfgang Schaeuble goes to German Bundestag to keep the far-rights under control. The hawkish finance minister of Chancellor Angela Merkel has reportedly bowed to pressure by senior conservatives of his own party, the Christian-Democrats of CDU, and is leaving the post that crowned him as the absolute ruler and the …
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September 25, 2017
Editor
Greece is closely watching the political developments in Germany as the new coalition government that will be formed will have direct impact on the Greek debt and the discussions about its relief expected to begin after conclusion of the bailout program in August 2018. Right after the exit polls on …
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September 23, 2017
Tourism
The Public Assets Department of the Greek Finance Ministry suspended the permission of beach use by famous Nammos restaurant and nightclub on the island of Mykonos. Reason for the suspension was that Nammos owners built a platform and a ramp for a concert in late August thus preventing public access …
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