Cyprus’ energy minister says a consortium composed of energy companies Total of France and Eni of Italy has been licensed to explore for natural gas deposits in another area off Cyprus’ southern coast.
National Bank (NBG) plans to sell four portfolios of non-performing loans this year, bankers close to the process said, as Greece’s recovering economy allows its major banks to focus on balance sheet repair after a 10-year debt crisis.
In a bid to crack down on tax evasion to the tune of 7 billion euros a year in value-added tax alone, the government is mulling plans to encourage taxpayers to increase online and card transactions so as to increase their tax free threshold.
Young workers registering with the new capital-building branch of the auxiliary social security fund (ETEAEP) from 2021 will likely be able to choose at what age – between 60 and 70 years old – they want to receive their auxiliary pensions.
The Greek Tourism Confederation (SETE) asked the Tourism Ministry at a meeting on Tuesday for a long-term national strategy aimed at upgrading and further enhancing of the competitiveness of the Greek tourism product, with the cooperation of the public with the private sector.
The ministries of Energy and Development appear ready to tackle any incidents of profiteering in the fuel trade due to the global rise of rates, while market professionals also sought to downplay concerns about the consequences of geopolitical developments in the Middle East.
Greek apparel exports enjoyed a significant rise of 39 percent in the first half of the year, compared to the same period in 2018, according to data published by the Hellenic Fashion Industry Association (SEPEE).
Beachgoers watch a firefighting helicopter scoop up water from the sea at the coastal resort of Loutraki, near Corinth, on Tuesday. A wildfire that started on Saturday on the area’s Mount Geraneia and burned through hundreds of hectares of brush and trees over the weekend and on Monday, experienced fresh conflagrations Tuesday, which, however, were quickly doused. Greece’s fire service Tuesday said that it responded to 67 calls for wildfires in just 24 hours, from 7 p.m. on Sunday to 7 p.m. on Monday, deploying 855 firefighters and 307 trucks,among other forces. [Vassilis Psomas/ANA-MPA]