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Greece plans early repayment of €8bn of bailout loans

Greece plans an early repayment of 8 billion euros of bailout loans to eurozone countries this year as the country’s economy rebounds from the previous decade’s debt crisis, two officials told Reuters on Wednesday. Greece regained its investment grade late last year after languishing for 13 years in the “junk” …

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Greece will soon accept foreign cards for tax payment

Foreigners will soon be able to pay their tax obligations in Greece with credit and debit cards issued by foreign banks, state broadcaster ERT reported on Thursday. Reason for this facilitation is that the Independent Inland Revenue Authority (AADE) is launching procedures to remove the legal and technical obstacles that …

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Greece has enough energy supplies, payment to Gasprom end of May

Greece has sufficient energy and no interruption in the country’s supplies is expected, according to an emergency meeting chaired by Prime Minister Kyriakos Mitsotakis on Wednesday. Greece’s energy supplies are secured and the country will make the next payment to Russian gas producer Gazprom at the end of May, the …

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Greece to enable tax payments via foreign credit and debit cards

Greeks and foreigners will finally get the chance to pay their taxes, duties and levies in Greece using cards issued abroad. The Independent Authority for Public Revenue has reportedly already began a public consultation process and the contractor to undertake the project will be decided within 15 days. Payment to …

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Greek FinMin extends payment of road tax 2022 by two months

The Greek Finance Ministry on Tuesday extended the year-end deadline for the 2022 road tax by two months. Motorists now have until February 28 to pay the tax on vehicles that are in use, but also for those that have been registered as being voluntarily withdrawn from circulation. The ministry …

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40% of Greek workers don’t get paid for overtime work, survey shows

Forty percent of workers, working overtime, is not paid for their extra working hours, a survey by the largest private sector trade union umbrella GSEE has found. A 73% of workers demand to be paid for their overtime work instead of taking leave or day off The survey showed that …

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Finance ministry freezes payment of taxpayers’ debt until the end of 2021

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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Half of Greeks unable to cope with bills due to pandemic, survey finds

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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Golden Visa properties in Greece may be purchased per credit or debit card

An amend bill tabled by Development and Investment Minister, Adonis Georgiadis, allows investors who buy real estate in order to secure residence permit via the Golden Visa program to make their purchases via credit card or POS. The bill is to be voted today, Thursday, at the Greek Palriament. The …

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Austerity cuts: Tsipras to return €820mn to special categories of civil servants

Prime Minister Alexis Tsipras announced that certain groups of civil servants will receive retroactive a total of €820 million net for wage cuts during the economic crisis and the bailout agreements. The total amount is €1.4 billion gross including taxes, social security and pension contributions. The money will be paid …

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Greece approves upgrade of F-16 Fleet with US, worth €1.1billion

In an extraordinary meeting, Greece’s Government Council of Defense and Foreign Affairs (KYSEA) approved the program for upgrading 85 fighter jets F-16 of the Hellenic Air Force. The program is worth 1.1 billion euros and has been approved after the US accepted the Greek proposal for payment in installments. The …

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