Accounting

The narrative of Greece's economic recovery reads like a modern saga of revival.

Since the 2019 elections, which ushered in a pro-business government for the first time since 2009, the nation has been rewriting its economic story. This government has managed to navigate Greece through the tumultuous waters of global economic crises, including the pandemonium of the Covid-19 era.

Foreign students in Greece will be able to study Accounting and Finance in Thessaloniki as of this October, when the first exclusively English-language undergraduate study program of the University of Macedonia begins.

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.

A decade ago, Greece was in the throes of a devastating debt crisis marked by years of austerity, hardship and unrest. Now, officials and investors say 2024 could be the year its rebound is finally complete.

The Greek economy is forecast to grow nearly 3% this year, approaching its pre-crisis size of 2009 and far outpacing the euro zone average of 0.8%.

The specialized prosecutor's office is initiating pre-trial proceedings to investigate an international organized criminal group set up to commit financial fraud, the investigation said. Under the prosecution's leadership, an international joint investigation team has been set up between Germany, Serbia, Greece and Bulgaria.

Ljubljana – Jorg Kristijan Petrovič, first deputy president of the Slovenian Court of Audit, has been put forward as Slovenia’s candidate for European Court of Auditors once again, after the parliamentary EU Affairs Committee turned down his nomination without debate in mid-October.

President of the Romanian Court of Accounts, Mihai Busuioc, and ambassador of the Kingdom of Denmark to Romania, Soren Jensen signed today in Bucharest a Memorandum of Understanding on identifying digital solutions to the supreme audit institution's needs related to its external public audit activity.

The Minister of Finance, Mr. Sinisa Mali announced that from January 1, 2022, all legal entities in the public sector will have the obligation to receive, store and issue electronic invoices; this obligation will be gradually introduced to the private sector for which electronic invoicing will be mandatory from January 1, 2023.

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.