Financial accounting

The tax administration is proceeding with the activation of the digital consignment note in the near future, with which the forwarding of all products will be monitored.

The digital waybill will allow, in real time, the inspection mechanism to know where a product originated and where it will go.

The field of accounting remains one of the strongest sectors of the economy. While other careers are seeing massive shifts due to changing job roles and the increasing use of technology, careers in the business world have remained relatively stable.

The legal framework planned for online accounting is in its final stage of preparation, Giorgos Pitsilis, chief of the Independent Authority for Public Revenue, said at the 11th Thessaloniki Tax Forum on Monday.

The 500 most profitable Greek enterprises showed remarkable resilience amid the climate of political uncertainty and serious lack of liquidity in 2015.

According to an ICAP Group analysis based on last year's financial reports, the aforementioned businesses considerably improved their earnings despite the small decline in their sales volume.

Diagnostic and Therapeutic Center of Athens Hygeia SA announced on Tuesday that its first-half turnover came to 116.7 million euros, up 1.9 percent from the same period last year.

Bulgaria's government has approved a draft Accountancy Act envisaging anti-red tape provisions.

The bill complies with the EU Directive on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings, according to a media statement of Bulgaria's Council of Ministers.

Moody?s said on Monday that a Brussels probe into deferred tax assets would constitute a credit negative event for Greek banks, as they may be deemed to have received state subsidies through a system that allowed them to defer tax payments from loss-making years to profit-making ones.

Industrial establishments plan to cut investments by an average 6.3% on the year in 2014, according to a survey of Bulgaria's National Statistical Institute (NSI).