The big bet with POS

“Remember that I told you, on every occasion, that the interconnection of cash registers with POS will be completed rain or snow? Well, we did it! Those who doubted our resolve… gambled and lost!” Kostis Hatzidakis wrote on his personal Facebook account, to add that “90% of businesses have completed the interconnection of their cash registers with POS or have scheduled an appointment to do so by April 30.”

“All of us at the Ministry of Finance and AADE are extremely pleased that this reform is now a reality. Reform, even included as a milestone in the Recovery Fund. It was without a doubt a difficult effort that started in the fall and in the last months the meetings were held on a daily basis” concluded the Minister of National Economy and Finance.

The case for the transfer of the casino from Parnitha to the area of ​​Amarousi was discussed yesterday at the Council of State. In the seven-member composition of the 5th Section of the Supreme Court of Cassation, chaired by the vice-president Christos Douhani and the rapporteur the State Councilor Christiana Bolofis, the four applications requesting the annulment of Presidential Decree 36/2023 for the approval of the Special Urban Planning Plan were discussed, determining land uses, building conditions, etc. in the area of ​​Dilaveri Amarousiou, where the casino of Parnitha is to be moved.

The case reached the Supreme Court after appeals filed by municipalities, unions, residents of Amarousi and neighboring municipalities-areas. The appellants claim that in Maroussi, with the contested decree, piecemeal planning regulation is introduced, falsifying land uses with piecemeal and photographic provisions.

Iulia Tseti, the managing director of the Pharmaceutical Enterprises Group (OFET), announced her candidacy for the position of president in the elections of the Association of Businesses and Industries, concluding her speech at the annual international conference of the Panhellenic Association of Exporters “The Growing Extroversion of the Greek Economy”. She is the first woman to run for the presidency of the BSE.

An operational agreement with Attica Bank for the provision of loans from the Recovery Fund was signed by Nikos Papathanasis, Eleni Vrettou and Orestis Kavalakis. Total TAA resources now amount to €36 billion (€18.22 billion in grants and €17.73 billion in loans) – while Greece has already received €14.7 billion in resources. The loan resources of the Recovery Fund are directed exclusively to the private economy. The loan program of the Recovery Fund provides low-interest loans, as the interest rate is 0.35% for micro and small enterprises and 1% for medium and large enterprises, while the submission and approval procedures are express. To be eligible, investments should contribute to one or more of the objectives of Green Transition, Digital Transformation, Innovation, Research and Development, Developing Economies of Scale through partnerships and mergers and Outsourcing.

Federal Reserve Chairman Jerome Powell said Fed officials would wait for clearer signs of lower inflation before cutting interest rates. Powell said the latest inflation figures – while higher than expected – did not “materially change” the overall picture. He reiterated his expectation that the bank would likely be appropriate to start cutting interest rates “sometime this year”. “On inflation, it’s too early to say whether the recent readings represent more than just a blip,” Powell said at Stanford University in California. “We don’t expect it would be appropriate to cut interest rates (…) until we have more confidence that inflation is moving steadily towards 2%,” he said.