Friday October 24, 2014 Search
Weather | Athens
19o C
12o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Struggling Athens Concert Hall granted grace period for debts

Authorities will not impose any penalties on the Athens Concert Hall for not paying its debts until the end of August, according to an amendment passed through Parliament late on Wednesday.

The temporary legislation means that interest will not be added to the cultural venue’s debts to the state and that authorities will not have the right to seize its assets.

The amendment seeks to give the Athens Concert Hall some time to get its finances in order, collect revenues and pay its employees.

The venue has taken out three bank loans totaling 245 million euros that were guaranteed by the state.

It has so far paid back less than 6 million.

ekathimerini.com , Thursday May 8, 2014 (19:04)  
Finance Minister appeals for support for amendments ahead of vote
Credit line only open to Greece if it meets economic targets, sources say
Venizelos slams Turkey for ´flagrant violation of international law´ off Cyprus
Cyprus president to be released from hospital on Friday following readmission
ECB bank assessment to show 6-billion-euro capital gap, Citi says
The euro area’s biggest banks will show a 6 billion-euro ($7.6 billion) capital gap in the European Central Bank’s tests of the quality of their assets and ability to withstand economic shoc...
ECB vies for third time lucky in European stress tests
For the European Central Bank, success as the euro area’s financial supervisor may begin this weekend with a few failures. At noon in Frankfurt on October 26, investors will learn which of t...
Inside Business
SOCCER
Panathinaikos snatches point at Eindhoven
Panathinaikos offered its fans a glimpse of its glorious past in European competitions snatching a draw at PSV Eindhoven, on an otherwise bad night for Greek soccer in the Europa League, as ...
BASKETBALL
Greens succumb to first loss at Bayern
Panathinaikos’s unbeaten run in all competitions came an end on Thursday as the Greek champion lost 81-75 at Bayern Munich for the Euroleague. Bayern is a team that improves every year, and ...
Inside Sports
COMMENTARY
Tension for tension’s sake?
It is evident that Turkish President Recep Tayyip Erdogan feeds off tension. He would barely have achieved as much as he has – and prevailed – if he had not been so keen to confront a series...
EDITORIAL
Testing ground
The Regional Authority of Attica is a good testing ground for politicians who appear to thrive on accusations to prove whether they can actually solve major problems of a practical nature. T...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Finance Minister appeals for support for amendments ahead of vote
2. Credit line only open to Greece if it meets economic targets, sources say
3. ECB bank assessment to show 6-billion-euro capital gap, Citi says
4. Venizelos slams Turkey for ´flagrant violation of international law´ off Cyprus
5. ECB vies for third time lucky in European stress tests
6. Cyprus president to be released from hospital on Friday following readmission
more news
Today
This Week
1. Woman killed in tram accident in Floisvo, south of Athens
2. Clocks to go back 1 hour on Sunday
3. Cyprus GDP upgrade seen as boosting bailout exit plans
4. ECB vies for third time lucky in European stress tests
5. Cyprus president to be released from hospital on Friday following readmission
6. Venizelos slams Turkey for 'flagrant violation of international law' off Cyprus
Today
This Week
1. The past, present and future of the Greek debt crisis
2. Coalition shooting itself in the foot
3. Greece’s closed society is central to its current malaise
4. Greece must stick to reforms, says Schaeuble
5. At least 11 banks to fail European stress tests, three in Greece, report says
6. Cyprus to block Turkey's EU talks after EEZ violation
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.