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  1. Study estimates tax evasion costs taxpayer up to 16 bln annually

    Economy

    Tax evasion in Greece is estimated to range from 6 to 9 percent of GDP, involving tax losses from... as a result of alcohol, tobacco and fuel smuggling, as well as corporate tax evasion, is estimated... to 2010, the Greek shadow economy was estimated at 27 percent of GDP, well above the OECD average

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  2. Covid-19 impact on tourism sector set to be extensive, report suggests
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    to estimate the impact of the coronavirus on the country’s vital tourism industry. The study examined..., INSETE estimates that the loss of tourism revenue this year will be extensive, since the second... estimates that spending on international flights is expected to drop by 88 percent for the British market

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  3. Terms & conditions
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    liability to pay damages according to Law No. 1178/1981. Agora is not a news blog and it does not fall... liability to pay damages according to Law No. 1178/1981. 3.2. The company has the right to discontinue... of this Agreement does not mean that the Subscriber will not have to pay any outstanding debts. Upon

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  4. For Greek families, electricity goes from given to must for survival
    Photo by Harry van Versendaal

    Society

    that had been cut off from the power grid due to being unable to pay their bills. It also promised... affecting a substantial number of families who are not able to pay their electricity bills or heat... worse position to pay for expensive heating oil. Many have resorted to burning firewood as they did

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  5. Greece submits reform proposals but Eurogroup unlikely to be moved

    EconomyProgramme

    , those who will pay their full principal amount until the end of March will receive a discount in the surcharges. The law allows for debtors to pay in advance of the tax submission set date (end of May... and reward those who pay the full amounts of tax debt upfront versus those who pay in (up to 100

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  6. As Greek deadline looms, this is how the next days could play out

    EconomyProgramme

    . On that date Greece has to pay 1.55 billion euros to the International Monetary Fund due to the bundling... pay the IMF, it is unclear at the moment which of them could be available on that critical date... Liquidity Assistance (ELA). The Greek government also needs to pay wages and pensions at the end

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  7. Referendum call stretches state liquidity, pensioners first to bear the brunt
    Photo by Damian Mac Con Uladh

    EconomyProgramme

    will open for three days starting from Wednesday to pay pensioners without cash cards. However.... The second largest pension fund - self employed (OAEE) - said it was not able to pay in full pensions... amount is due to paid at the end of this month. On top of pensions, the government has to pay the first

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  8. Cabinet act firms up details of CoCos issuance by Greek banks
    Bank of Greece

    Economy

    not pay the annual coupon in two anniversaries, not necessarily consecutive. CoCos holders do not have... is at the discretion of the bank’s BoD, which may also decide to pay the coupon in the form of common shares... bank share price. If a bank decides not to pay the annual coupon on CoCos, then it is obliged

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  9. Newsletter 88 - 16/09/2016

    Newsletters

    of companies are due to pay a higher property tax for this year. The breakdown for individuals showed more than 80 percent are due to pay a tax of less than 500 euros which, added up, corresponds to one-third.... The last bracket includes 1.8 percent of individuals with very large properties who are due to pay

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  10. Review delay brings Greek liquidity needs back into focus
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    Greece has to pay 6.46 billion euros for GGB redemptions (4.03 billion to the ECB and 2.43 billion... in GGBs held by the ECB are due. Greece also has to pay 620 million in March, mostly to private investors... Greece is obliged to pay back to the European Stability Mechanism (ESM) 1.6 billion euros

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