Ticket inspections on Athens metro, buses intensify
Checks at 16 metro and bus stops have begun with the aim of boosting ticket revenues, which have fallen this year according to the latest figures from the Athens Urban Transport Organization (OASA).
Authorities said the aim of the inspections is to reduce fare dodging and prevent a rise in ticket prices next year.
It is estimated that OASA and the Proastiakos suburban railway lose 31.5 million euros to fare dodging each year. OASA said ticket revenues were down 8.5 percent in the first seven months of the year.
However, the organization’s finances showed an overall improvement. The operational costs of the public transport network fell by 17 percent, largely on the back of wage reductions. This left OASA with an operational surplus of 15 million euros by the end of July, although state subsidies had also increased slightly.
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...
A true giant of modern thought, Ludwig Wittgenstein believed that all problems in philosophy arise from the misguided use of language. Although this opinion, put forward in his early writing...
Certain people have created a monster and now, when they observe it, they wonder what it is. Golden Dawn, along with all its slogans and behavior, is the work of many, not one single person....