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Archive - Jul 26, 2013

VAT in restaurants has been reduced by 10%

26 July 2013 / 23:07:46  
The government has introduced a temporary reduction in VAT in catering, lowering it from 23% to 13%. The measure will take effect as of 1 August and will be valid until the end of the year. The main condition for it being made permanent is for it to not affect the revenues to the state treasury.

International network for human trafficking has been broken up

26 July 2013 / 20:07:02  
The purpose of the traffickers was to use the people as drug dealers and sex workers.

Eurobank is urgently seeking a strategic investor

26 July 2013 / 19:07:25  
The lenders are talking about "gradual privatization" of the bank, which could be interpreted as a sale in parts or as a split of the bank into a "good" and a "bad" part before being launched in the market.

Police find half a ton of cocaine in a banana cargo

26 July 2013 / 14:07:42  
The cargo had departed from Colombia and Costa Rica. The ship passed through Lisbon and berthed in Italy at the expense of a company based in Milan. It is supposed that the drugs were added at one of the intermediate ports.

The fate of Protonbank is still unclear

26 July 2013 / 00:07:00  
If the Financial Stability Fund does not receive new offers from prospective investors by 26 July it will have to divide Protonbank into a "good" and a "bad" part. Then, it will launch in the market only the "good" part of the bank which consists of the total deposits of the institution.