Category: economy


Stathakis: FYROM name deal creates investment opportunities

Greece’s agreement with FYROM over the name dispute creates investment opportunities in the region, particularly in energy, said Energy Minister George Stathakis at the Economist conference on Friday. Regarding international energy connections, Stathakis said that start of construction of the Greek-Bulgarian natural gas pipeline is expected to start soon, while more information on the Eastmed […]

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Finance Ministry considers phasing in property tax rise in two stages

The Finance Ministry is examining new strategies regarding the new “objective values” (property rates used for tax purposes), as the plan for two separate sets of values for each property appears to be a nonstarter, while the country’s creditors are pushing for an automatic mechanism to revise the rates. The revised bailout agreement describes the […]

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Greece tenders off use of public beaches

Greece is in the progress of tendering off the use of public beaches, the Finance Ministry said on Friday. The online process started mid April and more than 90 beaches have been awarded to businesses that have requested to use the area. Another 130 beaches will be tendered off soon, the ministry added.

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Tourism ever more vital to country’s economy

Tourism constitutes the antidote to recession and unemployment, according to a study by the Institute of the Greek Tourism Confederation (InSETE), as the sector’s overall contribution to the country’s gross domestic product has recently ranged between 22.6 and 37.3 percent, or 40.3-48.5 billion euros, while in the July-September period of last year tourism accounted for […]

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