Financial News

ADDE: New Digital Tools to Fight Tax Evasion

2025 marks a new era in tax compliance, as the Independent Authority for Public Revenue (AADE) activates a strong framework of controls to combat tax evasion. Businesses and freelancers will now operate under constant digital surveillance as four key changes reshape the tax landscape: These measures enhance transparency, eliminate the possibility of tax evasion and allow

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IOBE: Significant Improvement in the Economic Climate in January 2025 - The Sectors that Led the Rise

The economic sentiment index in Greece rose significantly in January 2025, rising to 108.6 points from 106.4 in the previous month, according to the latest IOBE economic sentiment survey. This improvement came mainly from the strengthening of industry and construction, while services and consumer confidence recorded a milder rise. In contrast, retail trade recorded a decline after the festive season. Despite the positive picture, the problem of price stability remains

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Trump's tariffs: how they will affect Greece - The government's concerns

The tariffs imposed by the Trump administration on the European Union are expected to have direct and indirect effects on the Greek economy, with the government closely monitoring developments. Although Greece is not one of the countries that will be hit the hardest, the secondary effects on tourism and industry are a concern. The Greek government is maintaining a cautious stance, expecting

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Upward trajectory for private sector loans under management in Q3 2024

A significant increase in the nominal value of private sector loans occurred during the third quarter of 2024, according to Bank of Greece data. Specifically, the value of loans managed by domestic management companies and transferred to specialized financial institutions abroad increased by EUR 1.012 billion, reaching a total of EUR 70.780 billion, up from EUR 69.768 billion in the previous quarter. Loans to enterprises

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