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Greece can cofinance 95 percent of reconstruction work, says EU’s Cretu

Greece can cofinance 95 percent of reconstruction work, says EU’s Cretu

“We stand side by side with the Greek people in such difficult moments. We have a permanent dialogue with the Greek authorities and, through the services of the DG Regio, we provide the necessary assistance in order to speed up the procedure for accessing the EU Solidarity Fund (EUSF),” said Corina Cretu, EU Com

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European Investment Bank to help improve civil protection in Greece

European Investment Bank to help improve civil protection in Greece

Alternate Economy Minister Alexis Charitsis has contacted the head of the European Investment Bank (EIB) Werner Hoyer and asked for financial assistance in coping with the aftermath of the deadly fires in eastern Attica, as well as help in developing infrastructure to avoid similar disasters in the future, sources

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Bank of Greece bank account opens in support of fire victims

Bank of Greece bank account opens in support of fire victims

A special account has been opened at the Bank of Greece for donations in support of fire victims, said government spokesman Dimitris Tzanakopoulos on Wednesday.

The bank account (23/2341195169 with IBAN GR4601000230000002341195169) and will be available for foreign states, businesses and individuals from Greece and

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Complete set of measures unveiled for Attica fire victims

Complete set of measures unveiled for Attica fire victims

Government spokesman Dimitris Tzanakopoulos unveiled on Wednesday a complete set of measures for fire victims after a crisis meeting chaired by Prime Minister Alexis Tsipras.

The measures are grouped into three categories: A) Measures for the immediate help of fire victims. They include a 5,000 euro benefit for

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Cyprus government to give 10 million euros to aid Attica fire victims

Cyprus government to give 10 million euros to aid Attica fire victims

A Cyprus cabinet meeting chaired by Cyprus President Nicos Anastasiades on Wednesday decided that the Cyprus government will give 10 million euros to aid victims of the deadly Attica fires.

Cyprus government spokesman Prodromos Prodromou said the amount will be paid into a special account at the Central Bank, while

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Bank of Greece: Greek bank deposits up 7.5 pct in June

Bank of Greece: Greek bank deposits up 7.5 pct in June

Bank deposits by Greek enterprises and households grew by 1.35 billion euros in June, totaling 129.4 billion euros, up 7.5 pct compared with the same month last year, the Bank of Greece said on Wednesday.

In a monthly report, the central bank said that deposits by enterprises grew by 272 million euros in June, after an

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Growth strategy focuses on recovery of incomes, report says

Growth strategy focuses on recovery of incomes, report says

A recovery of incomes is the basic principle of the government’s Growth Strategy and a necessary condition to boost demand, raise investments and the recovery of the economy. A demand for “Fair Growth” is a strategic choice and achieving this requires more than just economic growth “by any means” but growth on terms of

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Greece unveils initial measures for fire victims

Greece unveils initial measures for fire victims

The Greek government unveiled on Tuesday a series of immediate measures to help fire victims.

Government spokesman Dimitris Tzanakopoulos said that in a meeting chaired by Prime Minister Alexis Tsipras there was an assessment of the situation and of the immediate steps that will be taken. Among the measures agreed upon

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Home owners hurt from fires relieved of 2018 ENFIA tax bill

Home owners hurt from fires relieved of 2018 ENFIA tax bill

Deputy Finance Minister Katerina Papanatsiou said on Tuesday that home owners who saw their property destroyed in the fires that burned through Attica will be relieved of their 2018 ENFIA property tax.

Other measures aimed at helping those that suffered damages in the fires include being given an extension to

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Greek state budget showed primary surplus of 635 million euros in H1

Greek state budget showed primary surplus of 635 million euros in H1

Greek state budget recorded a primary surplus of 635 million euros in the first half of 2018, from a budget target for a primary deficit of 465 million euros and a primary surplus of 1.936 billion euros in the same period last year, the Finance ministry said on Tuesday.

More specifically, in the January-June period, the state budget (general

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Greek banks reduce borrowing from ELA in May

Greek banks reduce borrowing from ELA in May

Greek bank reduced their borrowing from the ELA mechanism to below 10 billion euros in May, the Bank of Greece said on Tuesday.

The central bank, in a report, said that borrowing from the Emergency Liquidity Assistance mechanism fell to 9.6 billion euros at the end of May, from 10.2 billion a month earlier. Borrowing

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Insurance corporations’ assets up in Q1, central bank reports

Insurance corporations’ assets up in Q1, central bank reports

The total assets of insurance corporations increased to 16,953 million euros in the first quarter of 2018, from 16,894 million in the previous quarter, the Bank of Greece said on Tuesday.

The central bank, in a report, said that the overall deposits of insurance corporations increased by 77 million euros in the January-March period, compared to the

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Gov’t presents new, mostly lower, special property tax rate

Gov’t presents new, mostly lower, special property tax rate

About 23 pct of property owners in Greece will pay a reduced special property tax this year, while 62 pct will see no change, 12 pct will pay up to 50 euros more, 2.3 pct will see increases of 50-200 euros and 0.7 pct will see their tax increase by more than 200 euros, the finance ministry said on Tuesday.

In an

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Mitsotakis to seek those responsible for money lost recapitalising banks

Mitsotakis to seek those responsible for money lost recapitalising banks

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis attacked the government and pledged to seek out those responsible for the money lost in efforts to recapitalise Greek banks, while addressing the Greek Banking Association on Tuesday.

After harshly attacking the SYRIZA-ANEL government for its overall

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ELSTAT: Private building activity fell 3.6 pct in March

ELSTAT: Private building activity fell 3.6 pct in March

Private building activity fell 3.6 pct in volume in March compared with the same month in 2017, Hellenic Statistical Authority said on Tuesday.

The statistics service, in a monthly report, said that private building activity totaled 1,339 permits in March, down 2.0 pct from the same month last year.

In the first

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