Greece will pay for the accommodation of tourists tested positive for coronavirus during their visit, government spokesman Stelios Petsas said on Monday. “They will be hosted in a hotel and the cost will burden the Greek state,” he added. “We have done it in the past and we will continue …
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BoG: Greece’s state budget hit by impact of coronavirus pandemic
The Greek general government budget recorded a deficit of 6.014 billion euros in the January-April 2020 on a cash basis, after a deficit of 1.138 billion in the corresponding period in 2019, the Bank of Greece said on Monday. In a report, the Bank of Greece, attributed this development mainly …
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Greece’s state budget primary surplus at 3.5% of GDP in 2019
Greece’s state budget recorded a primary surplus of 3.5% of GDP in 2019,European Statistics authority Eurostat said in a report released on Wednesday. According to the report, the general government recorded a surplus of 1.5% of GDP or 2.7 billion euros in 2019. The primary surplus based on excessive deficit …
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Chinese nationals to sue Greek state for Golden Visa delays
Chinese nationals who invested at least 250,000 euros in real estate in order to obtain a Golden Visa are angry. 35 of them threaten to sue the Greek state for 10 million euros for delays in issuing the long-awaited precious and highly expensive paper for them and their families. The …
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Mt Athos: Greek state to support installation of photovoltaic units to cover monks’ needs
The Greek state will support the installation of photovoltaic units to meet the needs of the monks living in their own “Republic” in Mount Athos. Energy Minister, Costis Hadjidakis, and a government delegation visited Mt Athos a couple of days ago and discussed ‘burning’ issues with the leadership of the …
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Two Greek casinos shut down due to debts to social security fund
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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Greek state budget primary surplus at €5.755 billion in Jan-Oct
Greek state budget showed a primary surplus of 5.755 billion euros in the January-October period, significantly exceeding a budget target for a surplus of 2.314 billion euros and a primary surplus of 3.811 billion in the same period last year, the Finance ministry said in a report on Monday. The …
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Conservative ND scraps plans to take priests off the state payroll
Greece’s newly-elected conservative New Democracy government on Tuesday scrapped plans to remove priests from the state payroll, reversing a decision by its leftist predecessor that aimed to carve a clearer distinction between church and state. Priests in the powerful Greek Orthodox Church have been treated as civil servants in Greece …
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Cash reserves of Greek state up in 2018
The Greek state’s cash reserves grew by 25.871 billion euros in 2018, totaling 26.819 billion euros from 948 million euros a year earlier, the finance ministry said in a report released on Wednesday. Central government debt was 358.948 billion euros at the end of 2018, from 328.703 billion in 2017. …
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Tsipras intervenes after SEGAS fails to find tickets for Greek athletes to European Games 2019 !!!
The Greek National Athletes Federation (SEGAS) failed to find tickets for the 15-member Greek team and their coaches to fly to the 2nd European Games 2019 in Minks, Belarus. Prime Minister Alexis Tsipras intervened and made the prime minister’s state aircraft available so that the athletes do indeed participate in …
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More than 4mn taxpayers owe to Greek state €104.3bn, 79 debtors owe €34.1bn
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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Greek state budget recorded a primary surplus of €.460 billion in Q1 2019
The Greek state budget showed a primary surplus of 1.460 billion euros in the January-March period, up from a budget target for a primary surplus of 960 million, but down from a surplus of 1.879 billion euros in the corresponding period in 2018, the Finance ministry said in a report …
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Greek state funds Gavras-Varoufakis film “Adults in the Room” with €630,000
The Ministry of Digital Policy approved a grant for the film “Adults in the Room” to be filmed by famous director Costas Gavras and is the cinematic adaption of the book by ex finance minister Yanis Varoufakis. The amount of 630,000 euros is a grant for director Costas Gavras. The …
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Greek state cuts by 50% the interest rate it pays to citizens and businesses
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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Number of debtors to Greek state increased over summer
Almost 600,000 Greeks were added to the long list of state debtors over the summer, according to a report by the Parliamentary Budget Office (PBO), with experts viewing this as a sign of deterioration for the private economy in Greece. The PBO quarterly report for the July-September 2018 period noted …
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Tsipras and Archbishop of Athens agree to a company to exploit Church properties
New era in relations between the atheist left-wing government and the Church of Greece? A secret meeting between Prime minister Alexis Tsipras and Archbishop Ieronymus II took place on Wednesday, October 3, newspaper Ethnos revealed on Sunday. Top on the agenda was the issue of Church properties and how to …
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Greeks owe €182.billion in tax arrears to the state
Data from the Independent Authority for Public Revenue show tax arrears totaled 182.5 billion euros ($214 billion) on Aug. 10, according to a note sent from the agency to parliament last week and seen by The Associated Press Wednesday. € “The Greek government is owed so much in tax arrears …
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Greek gov’t is considering to hold a referendum in upcoming autumn
Greece’s ruling party SYRIZA is allegedly considering to hold a referendum in upcoming autumn, most likely in November. According to ‘secure’ information by the Sunday edition of newspaper Eleftheros Typos, the ruling left-wing party is hurrying up to close as many fronts as possible, both internal and external and implement …
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Eldorado Gold wins key arbitration battle in dispute with Greek state
Canada’s Eldorado Gold has won a key battle in its ongoing row with Greece after an arbitration panel ruled in favor of the company’s technical plans to build a metallurgy plant to process concentrate mined from Skouries and Olympias in Northern Greece. The panel rejected allegations that a technical study …
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FinMin Tsakalotos: 73 Taxpayers owe more than 30 billion euros
Finance Minister Euclid Tsakalotos revealed that 73 taxpayers numbers owe more than 30 billion euros. In a press conference on Friday, the Greek finance minister said that the majority of debtors to the state “owe 10 euros but 73 taxpayers number owe more than 30 billion. He did not revealed …
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