Accountant

Folli Follie losses down, debt still high

Jewelry and fashion accessories company Folli Follie sustained losses of 121 million euros during 2019, or 44% less than in 2018, according to results as yet uncertified by chartered accountants.

Operational losses also declined, to about €74 million in 2019 from €156.2 million in 2018, despite turnover shrinking to €203 million from €297 million.

New growth bill submitted for public consultation

A new government bill for growth submitted for public debate on Wednesday evening aims for greater flexibility in strategic investments by way of fast-track licensing and introduces other sweeping interventions which give rise to positive prerequisites for attracting new investments and creating jobs, according to government sources which commented on the legislation.

Katrougalos law still a nightmare for experts

A number of clauses in the so-called Katrougalos law on social security, named after ex-labor minister Giorgos Katrougalos who introduced it, remain inert some 20 months later. Although the law is supposed to be in forced in its entirety for a year now, it continues to cause accountants and tax experts headaches and freelancers and self-employed professionals anxiety.

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