GREEK NEWS

GREEK NEWS

Bank of Greece to start publishing statistics on finances of non-financial companies

money
A mandatory submission of the financial reports of Greek non-financial-sector enterprises to the Bank of Greece will begin next November. The central bank set up a central balance sheet office with the task of collecting and offering specialised statistical information on the financial data of non-financial sector companies’ operating in Greece. This initiative is designed…
cyprus-pressured-over-russian-money
GREEK NEWS

Cyprus pressured over Russian money

money
The outflow of Russian deposits from Cyprus continues unabated, due to the pressure exerted by the United States, over the past few years. According to information published by the Central Bank of Cyprus, the strict measures imposed and the closure of shell-companies, led to the shrinking of Russian deposits in Cypriot banks. It is estimated…