Category: Finance

Interest rates for fixed installment plans will remain at the same levels for another year, providing relief to thousands of taxpayers. With an amendment by Minister of National Economy and Finance, Kyriakos Pierakis, the regulation for interest rates is extended for a third consecutive year, maintaining the cost of servicing regulated debts owed to tax…

The next steps in the campaign to increase electronic transactions for curbing tax evasion are being mapped out by the Independent Authority for Public Revenue (AADE). According to AADE’s Strategic Plan, by 2025, the reform of connecting cash registers with POS terminals will continue, aiming to directly record electronic transactions in real-time for monitoring purposes.…

A regulation from the Ministry of Finance, reported by ertnews, offers debt relief for cleaning and lighting fees owed by owners of non-electrified properties that remain unused. According to a provision incorporated into the draft bill on capital markets now under public consultation, debts (to municipalities) from cleaning and lighting fees for properties with discontinued…

Thousands of taxpayers are entering the final stretch for crucial deadlines with the tax authority as March 17 approaches, when submissions begin, while property tax notifications have already been posted. Although payment of the tax resulting from the clearance of tax declarations may be delayed, taxpayers have only until the end of the month to…

The AADE is launching the platform for submitting 2025 tax declarations today. Approximately 1.4 million taxpayers, employees, and pensioners will see their tax declarations pre-filled by the AADE, and if no corrections are needed, they will be finalized on April 25th. This year, the tax period will not be extended as per the new Tax…

At the forefront of the campaign to boost public revenue, the Independent Authority for Public Revenue (AADE) is focusing on collecting overdue debts. This year, AADE is set to develop a new Collection Strategy for 2025-2029, with implementation starting next year. The strategy emphasizes increasing revenue through direct and effective debt management. Under this process,…

The Independent Authority for Public Revenue (AADE) has set limits on evidence affecting ENFIA discounts, radically changing how income is determined for those eligible for reductions or full exemptions. With a new AADE decision (A.1042/2025), the tax administration broadens the scope of considered incomes for ENFIA, including not only salaries, pensions, business incomes, and unemployment…

In the coming hours, the posting of new ENFIA payments is expected, according to a publication by ertnews. Around 7 million property owners with assets worth 800 billion euros will learn what they need to pay. This year, the number of installments for ENFIA has increased to 12 from 11 last year, with the first…

The collection process by the Independent Authority for Public Revenue (AADE) is in full swing for Greek taxpayers. Since yesterday (March 31, 2025), penalties have started being imposed on those who delayed paying the first installment of ENFIA property tax. The penalty enforced by AADE does not take the form of a fine but as…

Around 7 million property owners will receive their ENFIA tax account by next Monday at the latest. According to ertnews, these owners will collectively pay over 2 billion euros by February 2026. New measures include a doubling of the discount from 10% to 20% for insured properties with an objective value up to €500,000 and…

As of yesterday (09.03.2025), the Independent Authority for Public Revenue (AADE) has posted all ENFIA property tax assessments for 2025 on their platform. The financial administration and AADE have adhered to the announced deadlines, giving the 7 million property owners sufficient time to pay the first installment of ENFIA 2025 by the end of the…

Starting March 15, a new payment method for DYPA benefits has been implemented through credit to a special prepaid card, which recipients must activate upon receiving it via mail from the Payment Services Provider (PYPP). Specifically, each recipient of one or more DYPA benefits corresponds to a unique prepaid card exclusively used for disbursing all…

The application by the Independent Authority for Public Revenue (AADE) for form E9 is open again, allowing taxpayers to correct any errors found in their previous declaration. This will lead to a new tax clearance with accurate information, resulting in a potentially lighter bill. The earlier initial or amended declarations for the year 2025 are…

The battle to boost revenues from operations with significant growth margins, excluding retail clientele, is intensifying among Greek banks. This competition was sparked by Piraeus Bank’s acquisition of Ethniki Insurance, aimed at diversifying income sources during a period of declining interest rates and reduced interest income. Through this deal, Piraeus Bank aims to increase its…

The major Greek banks are set to disburse loans totaling approximately €46 billion between 2023 and 2028. Projections indicate that loan activity will reach €11 billion annually in 2025 and 2026, followed by €12 billion each year in 2027 and 2028. This substantial increase began in 2024, with net credit expansion reaching €12–13 billion, including…

The resilience of bank interest income was evident in 2024, with loan growth and supply-related revenues acting as a buffer against declining rates. As the European Central Bank (ECB) monetary policy meeting approaches tomorrow (March 6, 2025), forecasts indicate another 0.25% rate cut. This places banks’ interest income at the center of attention for the…

Eurobank, headquartered in Athens, has transferred its claims from various loans and credits, including credit cards, to the special-purpose company ‘ERB RECOVERY DESIGNATED ACTIVITY COMPANY’ based in Ireland. This transfer occurred on March 10, 2025, as part of a securitization process under Greek law. The management of these claims has been entrusted to ‘doValue Greece’,…

The Ministry of Finance has been informed about an issue detected in the electronic trading system of the Athens Stock Exchange. The problem, caused by increased traffic, has now been resolved. This was announced by the Ministry of Finance, which also noted that a specialized team focused on technological matters will assess digital capabilities and…

Russian President Vladimir Putin has authorized certain international funds, including American ones, to sell Russian securities, just a day before scheduled talks with U.S. President Donald Trump regarding a possible ceasefire in the war in Ukraine. According to a presidential decree published on March 17, 2025, Putin allows U.S.-registered 683 Capital Partners to purchase shares…

Stock prices are rising at the start of today’s session (March 18, 2025) on the Athens Stock Exchange, with the market breaking above the 1,700-unit level amid upward trends in European markets ahead of the Bundestag vote on debt reforms. Specifically, the General Index of the Athens Stock Exchange stands at 1,703.19 units, marking an…

The Athens Stock Exchange opened with declining trends on March 19, 2025, amidst a mild downward movement in European markets. The General Index of the Greek stock exchange is currently at 1,697.77 units, showing a decline of 0.43%. Trading value reached €19.59 million. The high-capitalization index fell by 0.46%, while the medium-capitalization index dropped by…

Declining trends were recorded in today’s (24.2.2025) session of the Athens Stock Exchange, with investors opting for liquidations to secure short-term gains, causing the market to retreat to levels around 1,600 units. Shares of DEH and Coca Cola HBC stood out among high-capitalization stocks. The General Index on the Greek stock exchange closed at 1,603.96…

A minor retreat was recorded for stocks at the start of today’s (March 17, 2025) session in Athens, as mild liquidations took place to secure short-term gains following new 14-year highs reached during Friday’s session (March 14, 2025). The General Index of Prices in the Greek stock exchange stands at 1,688.36 units, marking a decline…

The stock market in Athens is experiencing minor fluctuations at the opening of today’s session, following yesterday’s strong rise to new 14-year highs amid a declining climate in European markets. The General Index of Prices in the Greek stock exchange is forming at 1,665.91 units, marking a marginal decline of 0.02%. The trading value amounts…

The Athens Stock Exchange closed the week with an increase of 4.07%. The market is now approaching levels not seen since February 2011, closing at highs not observed in 14 years. Today’s rating announcement (March 14, 2025) by Moody’s for the Greek economy is highly anticipated, as it is the only major ratings agency that…

On March 11, 2025, the Athens Stock Exchange General Index moved cautiously with marginal changes and fluctuating signs, mirroring the reserved stance of European investors. Shortly after the session began, the market slightly declined by -0.05%, with a turnover of €6.6 million, while the pan-European Stoxx 600 index gained 0.02%. The markets are closely monitoring…

Prices fell during today’s session (March 21, 2025) at the Athens Stock Exchange amid a declining climate in European markets. Specifically, the General Index of Prices is shaped at 1,697.74 units, marking a decline of 0.30%. The trading value reaches €136.68 million, with €118 million attributed to the sale of a 53-million-share package of Alpha…

The Athens Stock Exchange started the session (March 28, 2025) with mild declines amid a downward trend in major European exchanges. Specifically, the General Index of the Athens Stock Exchange is positioned at 1,743.75 units, marking a 0.14% decrease. The trading value amounts to €13.85 million. The high-capitalization index records a 0.26% drop, while the…

Weak upward trends were recorded by stocks at the opening of today’s (March 20, 2025) session in Athens amidst marginal fluctuations in European markets. The General Index of Prices on the Greek stock exchange is shaped at 1,705.15 units, marking an increase of 0.23%. The trading value amounts to €12.89 million. The high-capitalization index records…

Positive trends were recorded by stocks at the opening of today’s (March 26, 2025) session in Athens, with the market breaking above the levels of 1,730 units and moving to new 15-year highs. The General Index of Prices on the Greek stock exchange is shaping up at 1,735.68 units, marking an increase of 0.53%. The…

On March 5, 2025, the Athens Stock Exchange recorded upward trends at the start of today’s session, driven by a strong bullish movement in European markets reacting positively after yesterday’s (March 4, 2025) significant decline. The General Index rose to 1,621.38 points, marking an increase of 1.20%. Trading volume reached €133.58 million, with €109 million…

In recent weeks, traders at a London-based financial firm have been searching for Russian debt, focusing on dollar-denominated bonds that attract interest from family offices in the Middle East for investments. They found that Gazprom bondholders were either unwilling to sell or demanded significantly higher prices, according to two traders who wished to remain anonymous.…

The global sell-off of bonds continues today (March 6, 2025), driven by Germany’s plans to reshape growth prospects through massive spending on defense and infrastructure. A rate cut by the European Central Bank (ECB) is anticipated, with a decrease of 0.25% expected. German 10-year bond yields have risen eight basis points to 2.87%, while Italian…

All major European stock market indices are in the red today (March 10, 2025), following the turmoil caused by international uncertainties. Not only has Trump’s tariff policy created anxiety, but fears of a global recession have also intensified. Under the shadow of the ‘Trump era,’ not just in the U.S., but also in international trade…

European markets are experiencing losses today (4.3.2025) due to the imposition of 25% tariffs by U.S. President Donald Trump on Mexico and Canada, as well as increased tensions with China. These developments have raised concerns that similar tariffs could be imposed on Europe. The pan-European Stoxx 600 index is down 0.73%. London’s FTSE 100 has…

The most productive week of 2025 for the Athens Stock Exchange (ASE) came after Moody’s upgraded Greece’s economy to investment grade. This move resulted in a significant surge of capital inflows, with trading values reaching €1.7 billion and daily averages hitting €282.4 million—a record high over the past 16 years. Analysts note that investor influx…

The euro has experienced a significant rise of 0.64% compared to today (March 11, 2025), following the major drop observed in the New York Stock Exchange yesterday. The euro-to-dollar exchange rate now stands at 1.091, just shy of the 1.1 parity level. Overall, since hitting its lowest point on February 2, 3035, when it was…

The exchange rate, the yield of U.S. government bonds, and Bitcoin are all moving in negative territory following the announcement of a new wave of tariffs by U.S. President Donald Trump. The dollar is losing 1.1% against the euro, while the yield of the 10-year U.S. Treasury bond is down by 0.07%, moving to the…

A significant acceleration in the downward trend that had already gripped the American market over the past few weeks was observed on March 10, 2025, in New York. Tech stocks at the New York Stock Exchange plummeted with their biggest drop since 2022, causing the Nasdaq 100 index to decline by nearly 4%. Cryptocurrency values…