Explanations from taxpayers

The tax administration will invite more than 20,000 taxpayers to explain how they are able to spend more than they earn in early 2024.

Four modifications to tax bill

The tax bill was passed by the plenary of the Parliament on Thursday, which means that professionals will be taxed for the year 2023 in a presumptive manner.

Nicosia and Chevron reach deal

The Cypriot government and Chevron Corporation are moving forward with the update of the existing development and production plan for the Aphrodite gas field in Cyprus’ exclusive economic zone (EEZ).

Propeller Club to host AMVER Awards Gala Dinner at Athenaeum Intercontinental

This year’s AMVER Awards Gala Dinner is taking place next Friday, December 15, at the Athens’ Athenaeum Intercontinental Hotel, organized by the International Propeller Club of the United States, Port of Piraeus, in collaboration with the United States Embassy in Greece and the United States Coast Guard.

Bonds to woo big investors

The door is now wide open for the entry of quality and long-term investors, who manage trillions of dollars, into the Greek bonds market.

HBA’s Christmas Gala to take place in London Saturday

Greece’s Minister of Social Cohesion and Family Sofia Zacharaki and the governor of the Central Bank of Cyprus, Constantinos Herodotou, will address the 29th Annual Christmas Gala 2023 in London on Saturday, organized by the Hellenic Bankers Association UK.

Jobseekers choose ChatGPT

Jobseekers are using or planning to use the new artificial intelligence tool, ChatGPT, in droves, some even secretly without their employers’ knowledge, at the same time that the vast majority choose to develop new skills by taking online courses.

Small firms refuse to grow larger

Not a single investment project in the context of business mergers and acquisitions has been submitted to the Recovery and Resilience Fund (RRF) to date for financing.

Investment in human resources ‘a challenge’

Labor Minister Adonis Georgiadis on Wednesday said that investment in the country’s human resources was a challenge for the long-term development of the Greek economy, during a discussion with Vassilis Kafatos, growth leader and Competence Center president at Deloitte and vice president of the American-Hellenic Chamber of Commerce, in the context of the 34th Greek Economic Summit.

Realty limits in occupied Cyprus

Dursun Oguz, the so-called “interior minister” of Turkish-occupied Cyprus, announced new restrictions on land sales to foreigners in the occupied territories during his visit to Ankara.

Athens laying groundwork for future of tourism

Tourism Minister Olga Kefalogianni said the government is trying hard to prepare an even better future for Greek tourism, boosted also by the significant resources supplied by the European Union.

ATHEX: Mid-caps emerge as protagonists

Mid-caps proved quite the attraction at the Greek stock market on Wednesday, taking the benchmark out of the red and into the black, with the vast majority of stocks ending up with gains on the day.

EU foreign investment scrutiny has blind spots, say auditors

The European Union’s scrutiny of foreign investment suffers from blind spots because some EU members do not carry out screening and those that do have widely different approaches, the European Court of Auditors (ECA) said on Wednesday.

Greek economy grows 2.1% in third quarter

The Greek economy grew by 2.1% in the third quarter of 2023 compared with the same period last year, with the country’s GDP rising by 0.02% between the third and second quarter of 2023, the Hellenic Statistical Authority said on Wednesday.

One-bid tenders are the norm

More than three out of every seven public contracts are awarded following procedures in which there was only one tender, and even when there is more than one tender the average per procedure is only 2.6 participants.

Zara expands second-hand platform to Greece

Spanish fashion retailer Zara is expanding its used apparel scheme to Greece and another 13 European countries from December 12, Reuters reported the company as saying on Tuesday. Their ‘Pre-Owned’ service will sell, repair and donate second-hand clothes.

AADE expects fine revenues

The collection of fines, penalties and charges that have already been imposed or will be imposed on businesses and individuals in 2024 is estimated at 1 billion euros.