Ministry steps in to bail out debt-wracked municipality
The Interior Ministry pledged on Friday to release nearly 1 million euros to cover the unpaid salaries of protesting municipal workers in a suburb of eastern Attica who had threatened to shut down local authority services indefinitely.
A few hours after the Acharnes municipal council decided on an open-ended strike late on Thursday, Alternate Interior Minister Haralambos Athanassiou reassured Mayor Sotiris Douros that 900,000 euros would be disbursed for the workers’ wages.
The gesture may have averted action that would inconvenience some 35,000 local residents, but Deputy Mayor Panayiotis Anagnostopoulos said it would not solve the problems of the municipality which -- like many others -- has accrued large debts.
Acharnes’s 130 million euros of debts is down to wasteful practices, Anagnostopoulos said. “There was extensive recruitment, then loans were taken out to pay wages,” he said.
The Athens Exchange and the American-Hellenic Chamber are organizing the second investors’ forum in New York next month with the participation of 28 companies listed on the local bourse, up ...
Taxpayers with just one source of annual income will not need to submit an income tax declaration as of next year according to the draft of the new tax code.
According to the new set of regu...
PAOK recovered some of the ground lost in the Super League playoffs by beating fellow Champions League-spot contender Asteras 2-1 at Tripoli on Wednesday, while PAS Giannina and Atromitos sh...
The league that in the last three years has produced the European basketball champion entered its playoffs on Tuesday and Wednesday with the first games of the quarterfinal round, with AGO R...
One of the biggest problems dragging the Greek economy down is the pressure placed on entrepreneurs aspiring to do business in sectors dominated by the “pirates” and “pimps” of the business ...
Greek taxpayers have had to pay dozens of millions of euros for the restoration and conservation of the capital’s landmark buildings, including Athens Polytechnic and the so-called neoclassi...
