Business

Physical Stores Remain Fashionable in Sofia

The progressive development of online commerce globally has not significantly affected the demand for modern commercial properties in the capital in the first half of 2019. On the contrary, it has reached record levels on a half-year basis since 2015. The total utilized area for the period under review is 21,900 sq.m. This is stated in the latest report by Colliers International.

SMEs confidence index jumps up

Small and medium-sized enterprises are experienced a surge of confidence in their economic prospects.
Research by National Bank of Greece on a sample of 1,160 firms with turnover of less than 10 million euros showed the confidence index jumping to a 10-year high of 18 in the first half of 2019, up from 13 in the second half of 2018.

Bulgaria and Egypt to Cooperate in Development of SMEs

The government has approved a draft Memorandum of Understanding between the Executive Agency for Promotion of Small and Medium-Sized Enterprises (SMEs) with the Bulgarian Minister of Economy, and the Egyptian Micro, Small and Medium Enterprises Development Agency, the government press office said

Analysts awaiting MSCI quarterly review

MSCI will publish its quarterly review of its market indices on Wednesday and analysts said there could be some surprises regarding the composition of the MSCI Greece index.
Last year, MSCI had added Motor Oil.
Last March, investment firm VTB Capital had said MSCI could add Mytilineos Holdings, the energy and metals conglomerate, if its stock price rose by 19-22 percent.

Editorial: The great reform on tax invoices

The finance ministry in the third quarter of 2019 will launch a pilot programme regarding the electronic declarations of invoices and companies' bookkeeping.

The aim is to create a framework for the mandatory electronic submission of invoices and bookkeeping for all businesses and freelance professionals, as of 1 January, 2020.

Bookkeeping to go online, sparing companies hefty costs

As of the last quarter of this year, the Independent Authority for Public Revenue is set to start piloting an online bookkeeping system for companies in a bid to spare Greek enterprises the hefty administrative costs of conventional bookkeeping that compromise their competitiveness, the authority's head Giorgos Pitsilis announced on Thursday.

PMI climbs to three-month high

The outlook for Greek manufacturing has improved, against a slowdown expected in the rest of the eurozone, Markit reported on Thursday.
The survey company's Purchasing Managers Index (PMI) climbed to 54.6 points in July from 52.4 points in June to record a new three-month high.

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