Articles | Finance | tags | ekathimerini http://www.ekathimerini en null null Wed, 26 Aug 2020 03:39:03 GMT 2020-08-26T03:39:03Z en null null ekathimerini http://www.ekathimerini http://www.ekathimerini An end to zombie companies http://www.ekathimerini daily/business/an-end-to-zombie-companies

The new bankruptcy code to be published for public consultation this week makes company board members liable for civil damages in case they fail to file for bankruptcy within the delays prescribed by the law.

Tue, 25 Aug 2020 16:53:15 GMT http://www.ekathimerini daily/business/an-end-to-zombie-companies 2020-08-25T16:53:15Z
Gov’t plans earlier aid to pensioners http://www.ekathimerini daily/business/govt-plans-earlier-aid-to-pensioners

The Finance Ministry will try to provide payments owed to pensioners sooner than later in the fall, officials decided at a meeting Tuesday.

Wed, 19 Aug 2020 11:20:22 GMT http://www.ekathimerini daily/business/govt-plans-earlier-aid-to-pensioners 2020-08-19T11:20:22Z
Guaranteed loans help firms http://www.ekathimerini daily/business/guaranteed-loans-help-firms

More than 5,700 businesses have applied for loans through the Hellenic Development Bank’s Credit Guarantee Fund.

Wed, 19 Aug 2020 05:41:43 GMT http://www.ekathimerini daily/business/guaranteed-loans-help-firms 2020-08-19T05:41:43Z
Help for businesses from the Hellenic Development Bank http://www.ekathimerini daily/business/help-for-businesses-from-the-hellenic-development-bank

Banks have provided 3.6 billion euros in loans to businesses through two programs, Business Financing and the Warranty Fund, both designed by the Hellenic Development Bank (HDB). 

Wed, 12 Aug 2020 19:45:50 GMT http://www.ekathimerini daily/business/help-for-businesses-from-the-hellenic-development-bank 2020-08-12T19:45:50Z
Relief package for Evia unveiled http://www.ekathimerini daily/news/relief-package-for-evia-unveiled

The government on Tuesday announced a relief package for the island of Evia, which suffered extensive damage during powerful rainstorms and floods last Sunday which cost the lives of eight people.

Wed, 12 Aug 2020 09:42:50 GMT http://www.ekathimerini daily/news/relief-package-for-evia-unveiled 2020-08-12T09:42:50Z
Tourism wants funding share http://www.ekathimerini daily/business/tourism-wants-funding-share

Despite talk of Greece’s overdependence on tourism, the sector will seek its share from the Next Generation EU recovery fund and the 32 billion euros Greece stands to receive in grants and loans.

Sun, 09 Aug 2020 18:53:50 GMT http://www.ekathimerini daily/business/tourism-wants-funding-share 2020-08-09T18:53:50Z
Salary workers to get a boost http://www.ekathimerini daily/business/salary-workers-to-get-a-boost

The Greek economic recovery plan to be forwarded to the European Commission in October will attribute great significance to supporting workers through the reduction of taxes and social security contributions that have hampered the real economy and fed the illegal economy, sources from the prime minister’s office say.

Sun, 09 Aug 2020 17:36:02 GMT http://www.ekathimerini daily/business/salary-workers-to-get-a-boost 2020-08-09T17:36:02Z
EBRD to lend PPC €160 mln to mitigate pandemic’s impact http://www.ekathimerini daily/business/ebrd-to-lend-ppc-160-mln-to-mitigate-pandemics-impact

The European Bank for Reconstruction and Development (EBRD) is providing a senior unsecured loan of up to €160 million to Public Power Corporation SA (PPC), the largest power producer and electricity supplier in Greece, to address the impact of the coronavirus pandemic. 

Tue, 04 Aug 2020 13:56:03 GMT http://www.ekathimerini daily/business/ebrd-to-lend-ppc-160-mln-to-mitigate-pandemics-impact 2020-08-04T13:56:03Z
Fourteen-point growth proposal is unveiled http://www.ekathimerini daily/news/fourteen-point-growth-proposal-is-unveiled

The Greek government has made public the draft of a proposal prepared by a committee under Cypriot Nobel Laureate Christopher Pissarides which aims to promote “the systematic increase of incomes” that “will increase productivity, labor and investment.”

Mon, 03 Aug 2020 19:18:41 GMT http://www.ekathimerini daily/news/fourteen-point-growth-proposal-is-unveiled 2020-08-03T19:18:41Z
Aid proposals to be made public http://www.ekathimerini daily/news/aid-proposals-to-be-made-public

A set of proposals on how Greece should make the best use of some 72 billion euros in grants and loans it is being extended as part of a European Union recovery fund for tackling the fallout of the coronavirus pandemic is expected to be made public Monday. 

Mon, 03 Aug 2020 14:05:12 GMT http://www.ekathimerini daily/news/aid-proposals-to-be-made-public 2020-08-03T14:05:12Z
Plans for building upgrades http://www.ekathimerini daily/business/plans-for-building-upgrades

The government will seek to focus the utilization of the 32 billion euros of European Commission grants and loans on “a few emblematic actions,” say sources of the new setup that this week’s cabinet meeting decided will run the project of absorbing Greece’s share from the Next Generation EU fund.

Sat, 01 Aug 2020 15:13:07 GMT http://www.ekathimerini daily/business/plans-for-building-upgrades 2020-08-01T15:13:07Z
Report proposes middle-class tax relief http://www.ekathimerini daily/news/report-proposes-middle-class-tax-relief

Seeking to stimulate Greece’s battered middle class, a committee chaired by Nobel Prize-winning economist Sir Christopher Pissarides, which has been tasked with drafting a long-term growth strategy for the country, is recommending that tax rates on the incomes of private individuals in that bracket be slashed.

Sat, 01 Aug 2020 09:30:17 GMT http://www.ekathimerini daily/news/report-proposes-middle-class-tax-relief 2020-08-01T09:30:17Z
Retroactive dues to cost €1.27 billion http://www.ekathimerini daily/business/retroactive-dues-to-cost-127-billion

The government wanted to tackle the issue of retroactive dues to pensioners for good, avoiding mass court cases in the future and clearing the fiscal horizon of dangerous uncertainties.

Fri, 31 Jul 2020 14:11:34 GMT http://www.ekathimerini daily/business/retroactive-dues-to-cost-127-billion 2020-07-31T14:11:34Z
Gov’t seeks private investment http://www.ekathimerini daily/business/govt-seeks-private-investment

The government will seek the support of private investments, besides those from the public coffers, for the subsidy program it will submit to the European Commission in the context of the Next Generation EU fund.

Thu, 30 Jul 2020 18:52:34 GMT http://www.ekathimerini daily/business/govt-seeks-private-investment 2020-07-30T18:52:34Z
Online payments are meeting taxman’s requirements http://www.ekathimerini daily/business/online-payments-are-meeting-taxmans-requirements

Despite the restrictions due to the pandemic, the Finance Ministry is insisting on the requirement for 30% of taxpayers’ expenditure to consist of online transactions, which if not met will entail a fine.

Thu, 30 Jul 2020 16:40:07 GMT http://www.ekathimerini daily/business/online-payments-are-meeting-taxmans-requirements 2020-07-30T16:40:07Z
Electric car subsidies from next month http://www.ekathimerini daily/business/electric-car-subsidies-from-next-month

The online platform concerning electric mobility, through which subsidies of 100 million euros will be disbursed to the electric vehicles market, will be activated on August 24.

Wed, 29 Jul 2020 20:04:34 GMT http://www.ekathimerini daily/business/electric-car-subsidies-from-next-month 2020-07-29T20:04:34Z
Social security contribution subsidy is increased http://www.ekathimerini daily/business/social-security-contribution-subsidy-is-increased

The Finance Ministry draft law debated on Wednesday in Parliament has had an amendment incorporated providing for the increase of the state subsidy to employer social security contributions to 100% for workers who enter the Labor Ministry’s Syn-Ergasia program from July until the end of the program on October 15.

Wed, 29 Jul 2020 19:57:29 GMT http://www.ekathimerini daily/business/social-security-contribution-subsidy-is-increased 2020-07-29T19:57:29Z
Amassed dues payable from January 2021 http://www.ekathimerini daily/business/amassed-dues-payable-from-january-2021

Next month the Finance Ministry will table in Parliament the regulation about the accumulated obligations of taxpayers due to the crisis, which will be repaid in 12 interest-free tranches next year or in 24 installments in 2022 with a low interest rate.

Wed, 29 Jul 2020 13:07:24 GMT http://www.ekathimerini daily/business/amassed-dues-payable-from-january-2021 2020-07-29T13:07:24Z
Penalties for messing with tills and rules http://www.ekathimerini daily/business/penalties-for-messing-with-tills-and-rules

The tax administration will impose heavy fines and even shut down businesses for up to 20 months if they are found to have been tampering with their cash registers or using illegal software systems for hiding transactions and evading value-added tax payment.

Mon, 27 Jul 2020 19:32:53 GMT http://www.ekathimerini daily/business/penalties-for-messing-with-tills-and-rules 2020-07-27T19:32:53Z
Five-year bond yield falls to an all-time low http://www.ekathimerini daily/business/five-year-bond-yield-falls-to-an-all-time-low

Greek bonds continued to record significant gains on Monday, even though tension between the United States and China tension and rising coronavirus infections around the world have sent traders to the safety of German securities and to gold.

Mon, 27 Jul 2020 17:57:22 GMT http://www.ekathimerini daily/business/five-year-bond-yield-falls-to-an-all-time-low 2020-07-27T17:57:22Z