ECONOMY

Four in five firms considered insolvent
BANKING

The soaring of business financing recorded in the year’s first half with record new loans amounting to 4.2 billion euros has not kept pace with a parallel increase in worthy businesses.


Q2 2022 saw business turnover rise
ECONOMY

As expected, business turnover rose significantly in the second quarter of 2022 (April-May) as activity approached normal levels compared to last year.


Uncertain economic policies
ECONOMY

The cost of government interventions to deal with the energy crisis will reach €6 billion by the end of 2022, Finance Minister Christos Staikouras said on Wednesday.

Cheap housing for young people
ECONOMY

With the stated objectives of supporting mainly young couples, unemployed people and students living far from home, the Public Employment Service (DYPA, formerly OAED) is expected to play a central role in the implementation of the government’s plan to relaunch Greece’s housing policy.


Vast majority of taxpayers have filed income declarations
ECONOMY

By Thursday, 93% of the expected income tax returns had been filed, with nearly two thirds of those (65.37%) assessed having to pay no extra tax beyond that already prepaid through payroll and other means, the Independent Public Revenue Authority said.

Turkish central bank shocks markets by lowering main rate 
ECONOMY

Turkey’s central bank shocked markets on Thursday by cutting its main interest rate by 100 basis points to 13%, saying it needed to keep driving economic growth despite inflation hitting nearly 80% and a monetary tightening trend among its peers worldwide.



Gas boosts imports from Russia
ECONOMY

The steep rise in the price of natural gas has boosted the value of Greek imports from Russia despite the EU-wide sanctions slapped on that country following the attacks it launched on Ukraine on February 24.


ECB will try to regulate crypto assets
ECONOMY

The European Central Bank (ECB) said on Wednesday it would harmonize how banks offer crypto assets to ensure they have enough capital and expertise in a sector some European Union lawmakers have described as the Wild West.


ECB steps in as banks dip toes in crypto pool
ECONOMY

The European Central Bank (ECB) said on Wednesday it would harmonize how banks offer cryptoassets to ensure they have enough capital and expertise in a sector some European Union lawmakers have described as the Wild West.

Ukrainian firms choose Greece
ECONOMY

Longstanding professional and cultural ties have allowed Ukrainian shipping professionals to relocate to Greece following last February’s Russian invasion.


Revenue better than expected
ECONOMY

Tax revenues in the first seven months of the year were €5.1 billion more than initially estimated, the Ministry of Finance announced Tuesday.

Santorini tops regional Greek airports in traffic gains
ECONOMY

Overall, Greece’s 14 largest regional airports saw their July arrivals rise 11.1% to 5.9 million passengers compared to the same month of 2019, the last year before the Covid-19 pandemic started, but gains have not been evenly distributed and, at four of them, arrivals still lag those of 2019.