Municipalities could get an extension of up to 10 years to pay back their debts according to legislation proposed by Greece’s Finance Ministry, Interior Minister Evripidis Stylianidis told Parliament Thursday.
An extension, Stylianidis suggested, would enable municipalities to save about 42 percent in interest on debts held by the Loans and Deposits Fund, or about 90 million euros per year.
Municipalities owe an estimated 800 million euros to local businesses and entrepreneurs from 2011, according to the minister.
The Finance Ministry confirmed on Monday that April was the first month this year that the targets for both direct and indirect taxes were achieved, as the budget deficit is less than half o...
National Bank has announced a reverse stock split in the context of its recapitalization, whereby 10 old shares will be traded for a new one at a price of 4.29 euros each, from 0.429 euros b...
Germany's Bjoern Otto recorded the world's leading performance in the men's pole vault at the Athens Street Pole Vault event that took place at Zappio, in central Athens, on Saturday afterno...
PAS Giannina upset PAOK at Thessaloniki on Sunday to take the lead at the Super League play-offs, while Asteras Tripolis rebounded from its loss at Ioannina in midweek to defeat Atromitos at...
Dividing lines – less so between political parties and more so between political cultures and ideologies – do not go away as easily as some would like to think. In the case of Greece, politi...
Prime Minister Antonis Samaras’s recent official visit to China aimed at attracting foreign investment and meeting with his Chinese counterpart proved to be highly successful.
The image of t...
