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Greece reissues 7-Year bond, raises €1.5 billion at 2.51%

A book-building process for the reissue of a 7-year bond attracted strong interest on Wednesday. Half an hour before the closure, bids were exceeding 5.8 billion euros, sources told media. Ultimately, the process concluded with the Greek state to have reportedly raised 1.5 billion euros at an interest rate of …

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Greek PM announces raise of minimum wage, unemployment benefit

Prime Minister Kyriakos Mitsotakis finally announced the much anticipated increase of the minimum wage as well as an increase of the unemployment allowance. “My decision today addresses the low-incomers and the unemployed,” he said in his televised message. The PM’s pre-Easter gift on Holy Wednesday is 50 euros more per …

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Greek banks raise limit for contactless card payments without PIN

The Hellenic Association of Banks announced on Thursday that the banks increase the limit for contactless payments with debit, credit cards and prepaid cards without using PIN. The limit is raised from 25 euros today to 50 euros. The measure will be implemented from Monday, March 30 until Sunday May …

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Greece loosens capital controls with spectacular up to €5,000 per month

Greece’s Finance Ministry has reportedly already prepared a new legislation that will further loosen capital controls and spectacularly raise the monthly cap of cash withdrawals for natural persons.  The new measure will allow bank account holders to withdraw up to 5,000 euros per month. Since 1. March 2018, the withdrawal …

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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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Greece has 86% more taxes on fuel than allowed by EU

Greece, debt-ridden and recession-hit Greece, is one of the EU countries with highest taxes on unleaded fuel. This will change and thus upwards, as the government plans too impose a special consumption tax on fuel in order to avoid hikes in the road taxes. According to latest information issued by …

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