Category: economy


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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Preparations for on line tax invoices, books in full swing

Deputy Finance Minister Katerina Papanatsiou said on Wednesday that preparations are in full swing for converting invoices to electronic form, connecting cash registers with the tax office and the electronic monitoring of tax books. In comments to parliament, Papanatsiou said that the new online methods will help prevent tax evasion, detect the source of funds […]

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Revenues from plastic bag charge put at 2.5 mln euros

Market experts say that revenues from the sale of plastic bags at shops and supermarkets have reached around 2.5 million euros since the initiative was launched on January 1. “According to market executives, revenues in the first three months of this environmental levy will be around 2.5 million euros,” said Lefteris Kioses, managing director at […]

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IMF’s Thomsen: No doubt Greece can meet targets

The director of the International Monetary Fund’s European department Poul Thomsen sent positive messages on Greece at a press conferennce he gave on Friday on the sidelines of the IMF and World Bank spring meetings. This indicates that the pieces for a final deal are gradually being put in place and that Greece could have […]

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