Daily Management Review

Greece Eased the Transfer of Funds to Pay for Imports


The Greek government has facilitated for some companies transfers of funds abroad to pay for imports in the framework of easing of strict measures to control capital and operating since the beginning of this month. This was announced at today's meeting of the Bank of Greece with the participation of representatives of government and business.

It is noted that from now on, Greek companies will apply to the commercial banks for approval of payment of import up to € 100 thousand. (Instead of € 50 thousand.). Documents for the approval of transactions in excess of € 100 thous. will continue to be sent to the committee for approval of banking operations of the Ministry of Finance.
- Transfer of operations in the amount of less than € 100 thousand under the competence of commercial banks - one of the measures aimed at the normalization of domestic and foreign trade of the country - reports Athens News Agency.

Recall that last week, the leaders of the Eurozone countries have taken a unanimous decision to resolve the Greek debt crisis, which will enable the country to remain in the euro zone. Thus, the summit kept the Union in present structure. The Greek Parliament has approved a second package of reforms needed to negotiate with creditors. MPs agreed with the tightening of the rules of the confiscation of the mortgaged property, simplification of court procedures, as well as with the new rules of bank restructuring.


Science & Technology

Stock trading computers are not a future anymore

Temper Technology With Humanity - Apple's Cook Tells MIT Graduates

As Spying And Crime Tools Mix, Blame Game For Cyber Attacks Grows Murkier

Retailers Could Transform The Market Scenario Into Smart Shopping Experience For The Consumers With The Cloud

A Way To Unlock Wannacry Without Ransom Found By French Researchers

China to introduce face recognition payment system

Clues To Ransomware Worm's Lingering Risks Found By Security Experts

Nasdaq Brings ‘Analytics Hub’ To Provide Enhanced Trading Experience

Through XFi Launch, Comcast Moves Closer To Home Connectivity

Is SWIFT really safe?

World Politics

World & Politics

U.S. Official Says Russians Targeted 21 Election Systems

The Britain’s Prime Minister To Bring Down Corporate Tax To Draw More Investments In The Country

Record 65.6 million people were displaced in 2016

Are millionaires preparing for an apocalypse?

EU says goodbye to mobile roaming charges

Denmark loses interest to electric cars

Global Airlines Conference Agenda To Accord Importance To Fresh Safety Concerns

Arab countries break ties with Qatar