Dividend
Checking of Greeks’ cash abroad begins
The tax administration now has data concerning Greeks with deposits, dividends, shares and real estate abroad over the last couple of years, in the context of the automatic exchange of information.
The inspectors of the Independent Authority for Public Revenue have been processing the data to establish whether the assets abroad have been declared.
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BoG earnings, revenues drop in 2018
Bank of Greece said on Monday that its board would propose a gross dividend per share of 0.67 euros, unchanged from 2017, on its 2018 profit.
The bank said it made net earnings of 657.6 million euros last year, down from 941.8 million euros in 2017.
Revenues dropped 16.8 percent year-on-year to 1.2 billion euros.
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OTE Telecom core profit down 2.6 percent, Romania hurts
Greece's biggest telecoms operator OTE expects a double-digit percentage rise in cash flows this year as recovery in Greece takes hold and its Romania business stabilises.
Primary surplus fed by allowance cuts
The government failed to pay out the social solidarity income, hospital doctors and nurses' extra shift payments, as well as other allowances, so that it will have the necessary liquidity to distribute the so-called social dividend and cover the retroactive payments due to "special wage grid" workers and pensioners.
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Small rise expected in Christmas shopping turnover
Greek retailers are anticipating a marginal increase in turnover over the festive season, as they expect it to climb just above last year's 3.5 billion euros. Even if that is the case, it will still be a far cry from the 5.4 billion euros in sales of Christmas 2009, as turnover has dropped some 35 percent in the last eight years.
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Number of 'hosted' people has gone down
In just one year some 400,000 "guests" have vanished from the income tax declarations of Greek taxpayers; they used to be declared as "hosted individuals" staying rent-free in the homes of other taxpayers.
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Distribution of the 'social dividend' set for Dec 14
The special online platform for recipients of the so-called social dividend will open for applications next week, so that they can receive the Christmas bonus the government is handing out, amounting to 1.3-1.4 billion euros, by December 14.
Thomas Cook shares plunge on profit cut, dividend suspended
Thomas Cook lost a third of its value on Nov. 27 after the holiday operator cut its full-year profit forecast for the second time in two months and suspended its dividend following the hot British summer.
Korado Bulgaria with a New Investment of BGN 8.5 Million in Strazhitsa
The Korado Bulgaria radiator manufacturer will invest 8.5 million leva in relocating part of the activity and creating a new paint shop in the newly acquired land near the factory in the town of Strazhitsa, reports Money.bg
World Cup, VLTs boost OPAP takings and profits
Greek gambling giant OPAP recorded an increase in its revenues and profits in the first half of the year, its second-quarter financial figures showed on Wednesday, thanks both to betting on the soccer World Cup and the introduction of video lottery terminals (VLTs) in the Greek market.
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