ECONOMY

Greek gov’t closes 16 gas stations for failure to install monitoring system

The Development Ministry shut 16 gasoline stations in the Athens area that had not installed the new system to monitor inflows and outflows in the first three days of it becoming mandatory this week.

The Gas Station Owners’ Association said around 6 percent of its members were going out of business anyway and would not install the new system.

The Finance Ministry has not yet activated the central electronic system for processing the data fed by gasoline stations and, therefore, as yet it is unable to monitor illegal fuel trading and tax evasion.

This is expected to begin on Friday, September 6.