Greek demonstrators vowed another wave of protests on Monday, two days after police shot dead a 15-year-old boy sparking riots that left dozens injured across the country. Thousands of youths clashed with police and rampaged through Athens and other cities this weekend, burning scores of cars and shops in the worst protests to erupt in
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. It seems so. In the past couple of weeks I have listened to grumbles from restaurant owners and chefs on the one hand, and diners-out on the other about the size of portions served in most restaurants. To paraphrase an old popular song: “They’re either too small or too large”. It seems that there
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. BY ANDY VAROSHIOTIS Every economist and financial analyst is predicting a very difficult 2009, but no one knows for sure how bad things will get or who will survive in the financial services industry. By comparing the current crisis to uncertainty shocks of the last 40 years, we predict GDP growth could be reduced
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. Why does Trade and Tourism Minister Antonis Paschalides continue to listen to the people surrounding him when all else in the tourism sector is in a freefall? Is he so gullible to believe anyone who says that tourism is doing well and we will experience a ‘mild drop’ in the number of holidaymakers in
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A new report by the World Bank, IFC and PricewaterhouseCoopers shows that tax authorities worldwide are overhauling tax systems by reducing taxes, streamlining administrative processes and modernising payment systems. Paying Taxes 2009, the third report in an annual series, draws on the Doing Business 2009 report that measures the ease of paying taxes for mid-size
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Global GDP growth in purchasing power parity (PPP) terms is expected to slow down to a mere 2% in 2009, according to a research report from the Economist Intelligent Unit (EIU). The report points to a decline in global economic growth from the 4.8% achieved in 2007 and the projected 3.6% in 2008, with only
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Aspis Holdings Public Company Ltd (ASP) announced that the five-member Court of Appeal ratified on November 24, 2008 the decision of the Supreme Court in favour of the Company against the Insurance Superintendent’s denial to provide a permit for a special participation in the share capital of Universal Life Insurance Public Company Ltd. As a
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Germany denied suggestions on Friday that Britain, France and the European Commission had snubbed Chancellor Angela Merkel by holding a high-profile meeting on the global economy next week without her. Merkel, leader of Europe's biggest economy, is under fire from some EU nations and domestic lawmakers for what they say is a dithering and isolationist
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The leaders of Britain, France and the European Commission will not discuss British entry into the euro zone when they meet next week, a British official said on Friday. British Prime Minister Gordon Brown, French President Nicolas Sarkozy and European Commission chief Jose Manuel Barroso will meet business leaders and economists in London on Monday
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French President Nicolas Sarkozy on Friday appointed Patrick Devedjian, the outgoing head of the ruling UMP party, as minister in charge of implementing a $26 billion euro ($33 billion) stimulus plan to boost the economy. Sarkozy announced the package on Thursday, targeting investment projects rather than consumers, and created a new position in the government
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