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Govt proposes property VAT reduction to kickstart home sales
EconomyFeaturesThe government is taking measures to reduce the VAT on all properties built from 2006 onwards in order to kick-start the country’s stagnant property market. This would bring more than 100,000 unsold..., accounting for 65 percent of all permits granted. This was followed by Turkey (8 percent), Russia (7 percent
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OECD report traces change in public spending over a decade
EconomyFeatures). In Greece, the average increase was the highest of all with a rise of 75.9 pps in a decade. At the same... (+3.7 percent), public order and safety (+0.6 percent), environmental protection (+0.5 percent... of all funds for social protection were allocated to old age pensions, with the average coming to 10
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Government and local authorities reach impasse over migrant centres
PoliticsGreek Politicsissued a condemnation of the emergency legislative order under which government sought to appropriate... asylum processing. In their statement, which was backed by all political parties with the exception...” such as the notorious Moria camp, during which “all dialogue had been exhausted”. He also stressed
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Newsletter 242 -06/03/2020
and domestic clients being the main driving factor. New order growth continued to accelerate as demand... rate on new deposits at 0.19 percent. The overall weighted average interest rate on all new loans.... The overall weighted average interest rate on all existing loans dropped by 2 bps to 3.97 percent
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Alpha Bank posts net profits of 97.1 mln in 2019
EconomyBankingpercent. A breakdown showed that the Alpha Bank was the highest bidder for 82 percent of all... to resettle, which the bank anticipates around the second half of 2020, in order to take the necessary... with discipline all appropriate measures to minimise risks, in line with the evolving situation,” he said. He
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Study proposes higher public spending to counter expected rise in NPLs
EconomyFeatures, with all things being equal, the analysis revealed that a one percent reduction in GDP would lead... to a reduction in NPLs in all categories ranging between 0.14 percent to 0.39 percent in most cases... in the required primary surpluses of the state budget for as long as necessary in order to support the economy
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Economic diversification vital to Greece's post-coronavirus future
Agora, hotels falling silent, airports all but closed, and international trade set to fall anywhere between... weeks, the prospect of millions of tourists arriving as if nothing happened is all but a pipedream... economic security and prosperity, and in order to overcome the medium-term downturn to key sectors
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Athens ups diplomatic effort as Turkey plans hydrocarbon research in Greek continental shelf
PoliticsForeign PolicyAthens is examining all the diplomatic means at its disposal to respond to what it sees as mounting... colleagues, the foreign ministers of Greece and also Cyprus, in order to follow the situation... is currently trying to reach out to all EU member states in an effort to gauge their mood so
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Covid-19 lockdown, slump suppress electricity demand and edge out lignite
EconomyFeaturesthat all lignite generation is to be phased out by the end of 2023 as part of a rapid de... when all public resources are being directed at relieving the immediate economic impact... too. In order to attract large-scale investment, the government recently introduced a new licensing
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The EU decision excluding nuclear and fossil fuels from the Just Transition Fund
Legaltechnological alternatives to carbon-intensive processes can be found in order to maintain economic output... Just Transition Fund on the 6th of July, and 62 NGOs have send an open letter to all MEPs... of the leading law firms in Greece and regarded by all distinguished international legal directories
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