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Tag Archives: report

“Greek pensioners’ high ageing rate is reason for main concern,” says EU report

European Commission technocrats must have been in a trolling mood when they wrote the Pensions Adequacy Report 2018. They raise concern about the cuts in pensions and low-pensioners benefits they demanded from Greece to implement in the context of the 3. bailout as “all these provisions are expected to have …

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Expats report about living in Greece: Story by Tony & Tess

Can visiting or permanently living in Greece change your life? Do you feel at home here or have problems with the different way of Greek culture? What are the biggest challenges a foreigner has to deal with when on short or long term visit? KTG asked its readers to submit …

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Greek tax offices seize more than 1.72million bank accounts in 2017

Greek tax offices have seized more than than 1.72 million bank accounts in 2017, that is 12 percent more than 2016, the Independent Public Revenues Authority AADE said  in a statement on Monday. The average must have been 700 seizures per working day…. in a country with a population of …

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OECD Greece report: High taxes and almost nonexistent benefits

Over taxation of low and medium incomes, low wages, non existing benefits, a poor education system: these are the key words in chapter “Greece” as presented by the Organization for Economic Cooperation and Development (OECD) in its Going for Growth 2018 report beginning of the week. the international organization takes …

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Three Greek motorways cost €1.2billion more than they should, EU Auditors report

Construction of three motorways in Greece cost 1.2 billion euros more than it should. Furthermore the projects were poorly planned and significantly delayed, a report by the European Court of Auditors on public-private partnerships (PPPs) has found. The EU Auditors examined construction projects in four EU member states, that is …

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Greece to regulate online gambling market with juicy tax and ambitious revenues target

After the regulation of TV licenses, Greece is trying to regulate the online gambling landscape. A new government-commissioned study has suggested Greece stick with its controversial plan to impose a 35% tax on online gambling revenue. There are signs that Greece is getting serious about collecting some online gambling revenue …

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Greece is second on Lost Wealth List for the decade 2007-2017

Greece comes second only to Venezuela on a recent list of countries that have seen their fortunes change dramatically in the decade from 2007 to 2017. The annual report for 2017 by South Africa-based research company New World Wealth found that Venezuela saw its wealth in US dollars shrink 48 …

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Tourist arrivals in Greece hit record high and so do tourism revenues Jan-Sept 2017

Tourist arrivals hit a record high and consequently also the revenues from tourism, the Bank of Greece said in a report on the first nine months of the year 2017.  A total of 26 million tourists arrived in Greece between January-September 2017, recording a rise of 8% when compared to …

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Eldorado Gold reports in-line 2017 gold production incl projects in Greece

Shares in Eldorado Gold were slightly up on Tuesday after the company announced full-year production that came in line with production guidance, but suspended its semi-annual dividend payment “pending the results of the technical reports and potential subsequent capital requirements.” In a press release, the Vancouver-based miner revealed that, including …

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“Human irresponsibility and bureaucracy” reason 24 people died in Mandra flash floods, say inspectors

Extreme weather caused the flash floods in Mandra, but “human irresponsibility and bureaucracy” are the causes for the tragedy that took the lives of 24 people in Mandra, West Attica, one and a half month ago. These are the findings of a research conducted by inspectors at the General Inspector …

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Greece’s Parliamentary Budget Office report with a €84.3-billion error

The Parliamentary Budget Office (PBO) predicted, Greece could be on the verge of bankruptcy again, in a couple of years. In its quarterly report assessing the Greek state budget for the years 2020-2026, the PBO said on Monday, that interests that should be paid in this period of time to …

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Labor Institute INE draws a grim picture of real Greek economy, sets unemployment much higher

The report of Labor Institute of the private sector union GSEE (INE) draws a grim picture of the Greek economy – despite the government narrative about the positive outlook. “The Greek economy is looking for an upward venture,” said one of the INE directors who presented the report. However, “evidence …

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Diplomatic sources dismiss FT report ‘Greece had blocked sanctions against Venezuela’

Greek diplomatic sources categorically denied for a second time on Friday a Financial Times report which claimed that Greece had blocked calls for sanctions against Venezuela after diplomatic talks in Brussels. According to the sources, the report contains “false information that creates false impressions and distorts the truth”, adding that …

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MSF: Dramatic deterioration for vulnerable asylum seekers on Lesvos

Médecins Sans Frontières (MSF) has released a new report highlighting the drastic deterioration of the care and protection for vulnerable people in Lesbos, Greece, who have fled from violence and wars in Syria, Iraq, Afghanistan and suffer from post-war psychological trauma. “Vulnerable people are falling through the cracks and are …

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