Finance

A turbulent 20 years for Greek banks

The Greek banking system has radically changed over the past two decades. Mergers and acquisitions had already begun in the late 1980s, but it was two significant events 20 years ago that marked the beginning of a process that has led to the consolidation of the country's banking sector in the dominant "big four" (Alpha Bank, Eurobank, National Bank of Greece and Piraeus Bank).

Work underway to offer access to social security records

All employees will eventually be able to access their social security records online through a system called ATLAS or through the usual TXI system.

At present, only partial records can be found, including those insured with the IKA and OAEE pension funds since 1994 and farmers insured since 1998.

Colliers: Reverse of the Trend - Local Companies Are once again Dominating the Real Estate Investment Market

In the first half of 2019 there has been a reversal in the trends in the investment property market in Bulgaria. For the first time in two years, Bulgarian investors have taken the lead and contributed to the majority of transactions - 59%. Colliers' end-2018 projections for shrinking investment volumes came true.

Social security fund settlement scheme installments to shrink

The tens of thousands of social security fund debtors whose applications to settle their debts were approved will see their monthly installments declining from September as an interest rate reduction from 5 percent to 3 percent annually comes into force.
Both individuals and companies can repay their debts in up to 120 monthly installments.

France's Le Maire talks eurozone prospects in Athens

On a visit to Athens Friday, French Economy and Finance Minister Bruno Le Maire met with Prime Minister Kyriakos Mitsotakis and Finance Minister Christos Staikouras to discuss the future of the eurozone and the reinforcement of bilateral economic relations, as he himself noted in his Twitter account.
Le Maire described the talks as "very good" and "very constructive."

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