Business

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Under the pressure of Greece's creditors, in the days of the financial crisis, three major pieces of legislation were passed to simplify the way businesses could start their activity. Several years later, local authorities - the ones responsible for most of the inspections - are essentially not delivering on their obligations and inspections are practically non-existent. The reason?

The Ministry of Labour and Social Security’s plans for the gradual extension of the Digital Work Card to all sectors of professional activity are proceeding at a steady pace.

Even after the introduction of the presumptive minimum income, setting up a sole proprietorship remains the best way to escape high tax and social security deductions; this is the main reason why in January-March - with the new tax regime in full force - the establishment of new sole proprietorships hit a three-year high of 24,650.

Businesses operating in the industry and retail sectors have until June 30 to adapt to the requirements of the digital labor card, which is going into full effect, and take the necessary actions to comply with the new "Ergani II" system that will operate from July 1. 

The Labor and Social Security Ministry is promoting the selective expansion of the digital labor card in retail trade and industry from the beginning of 2024, with the competent agencies hard at work making preparations, as in its full development the measure will concern over 500,000 workers in at least 65,000 businesses.

About 70% of total overdue debts to the tax authorities comes from businesses, according to the Independent Authority for Public Revenue (AADE) data analyzed by the Parliament Budget Office.

Are you considering buying a franchise? Before making the leap, you must do your due diligence and ask the right questions. Franchises come with a lot of potential rewards, but they also come with a lot of risks. The more you know about a franchise opportunity before you buy it, the better off you'll be. This guide will cover the top questions you should ask before investing in a franchise.

The competent agencies of the Competition Commission have recommended the approval of the merger, through absorption, of ANEK ferries by Attica Group, recognizing that ANEK is a troubled company and the conditions for its protection for reasons of public interest must be met.

Management consultants are more optimistic over the course of the Greek economy, the Hellenic Association of Management Consulting Firms (SESMA) said in a report released on Monday.

The GRe+1 index rose to 42.6% in the first quarter of 2023 from 30.6% in the fourth quarter of 2022, and 26.8% in the corresponding period last year.