Finance

Anyone legally residing in the EU would have the right to open a basic payment account, under a new law passed by European Parliament on Tuesday.

By Yiannis Papadoyiannis

National Bank of Greece has almost finished drafting its definitive plan to cover the lender’s capital requirements as determined by its Bank of Greece stress test, and a share capital increase may be on the cards after all.

By Costas Karkayiannis

Greece had one of the highest tax burdens on labor income last year, ranking 11th among the 34 member states of the Organization for Economic Cooperation and Development, according to an OECD report published on Friday.

 Breakdown of buyers shows nearly half of them are investment fund managers as interest proved diverse

By Sotiris Nikas

BELGRADE - The key task of the future government will be embodied in the public finance consolidation and all legislative measures and other activities will be carried out to this end, Minister of Regional Development and Local Self-Government and acting Minister of Economy Igor Mirovic said.

Greece seeks Swiss co-operation in hunt for tax cheats

Athens is asking for assistance to identify Greek citizens who are using Switzerland as a tax haven.

The Greek government wants to inspect secret foreign bank accounts of tax evaders such as those in the HSBC bank. [AFP]

BELGRADE – Serbia’s Pension and Disability Insurance Fund (PIO) has huge assets that should be put to use for generating income as soon as possible, and a legal framework needs to ensure that pension contributions are actually paid for there to be enough money for pensions, said participants at a meeting of Serbia’s pensioner trade union assembly on Tuesday.

By Prokopis Hatzinikolaou

Prime Minister Antonis Samaras visited on Monday the General State Accounting Office and announced measures to provide some debt relief for thousands of small and medium-sized enterprises that will boost their cash flow.

BELGRADE – President of Serbia's Fiscal Council Pavle Petrovic said Monday that a pension system reform should stand first in the forthcoming reforms in Serbia, adding that the issue is not being given too much thought at the moment.

By Christos Ziotis & Nikos Chrysoloras

International investors have started placing money into Greek banks as they anticipate the improving economy will boost profits across the industry, Michalis Sallas, chairman of Piraeus Bank SA, said.