News archive of September 2018
The bank stock slump has gone on for too long and valuations are now exceptionally low, say senior credit sector officials. However, analysts questioned on the issue by Kathimerini say the problems that Greek lenders are facing will not be overcome quickly, justifying the pounding the sector has sustained on the Athens stock exchange.
Greece is one of the Former Yugoslav Republic of Macedonia's most important trading partners, and the ratification of the Prespes agreement would both aid in the normalization of relations between the two Balkan neighbors and give Greece the opportunity to advance its status as the gateway to Eastern and Central Europe.
More than 500,000 properties, mostly outside Greece's main cities, are undertaxed, as the state does not know exactly where they are due to its use of obsolete maps. Meanwhile there are thousands of errors in the E9 tax forms in which property assets are declared by owners. All this has led to revenue losses for the state that are estimated at 140-200 million euros per annum.
Greece's Defense Minister Panos Kammenos said in a tweet Sunday that the name change referendum in the Former Yugoslav Republic of Macedonia (FYROM) was "invalid" due to low turnout.
Turnout stood at 34 percent just before polls closed. Reports said supporters of a boycott were celebrating chanting "Macedonia" outside Parliament in Skopje, capital of FYROM.