Business

Big prizes for lucky taxpayers

The tax lottery is evolving into a lucrative game of chance for taxpayers, as its overhaul means lucky winners could collect up to 100,000 euros, compared to just 1,000 euros today.

Sources say that the Finance Ministry is examining more than 10 scenarios aiming at collecting revenues in excess of 500 million euros this year from the online transactions measure.

Central bank governor appointed chair of ECB's audit committee

The European Central Bank (ECB) appointed Bank of Greece Governor Yannis Stournaras chairman of the European bank's Audit Committee.

Stournaras had been elected member of the ECB's Audit Committee in September 2018.

In his new capacity he replaces Ewald Nowotny, former governor of Oesterreichische Nationalbank.

After spot check, watchdog ponders management change at Folli Follie

The Capital Market Commission is considering the immediate replacement of all board members of disgraced jewelry retailer Folli Follie that the regulator appointed in December when it ejected George Koutsolioutsos.
It was against this backdrop that its inspectors carried out a spot check at the listed company's Athens headquarters on Thursday.

PM vows to end ‘unacceptable tax siege’

Prime Minister Kyriakos Mitsotakis underlined the government's determination to lower the tax burden in Greece, telling a conference on the "The Future of Retail" organized by the Hellenic Confederation of Commerce and Entrepreneurship (ESEE) that his first priority will be to "end the unacceptable tax siege" on individuals and business especially.

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