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Newsletter 49 - 30/10/2015
only one-third of the 49 prior actions required for the disbursement of the next bailout subtranche... tabling on the evening of October 29 of the second omnibus bill containing the final set of prior... reportedly demanded that the new eligibility criteria be limited to homeowners whose residence
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Greece and lenders far apart on foreclosures as housing NPLs keep rising
EconomyProgrammefor the protection of the primary residence with a statutory value (as set for tax purposes) up... for protection of the primary residence, while protecting the vulnerable debtor is one of the 49 prior actions...The protection of primary homes from foreclosures emerged as one of the key areas of significant
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Government rolls out red carpet to lure private wealth to Greece
EconomyFeaturesthat cater to the needs of one extremely wealthy individual or family – to set up shop in the country... frameworks. The Finance Ministry stressed that the set-up, which will also apply to current Greek... since December 2019 to attract foreign tax residents to the country. Incentives The ball was set
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Greek housing market at new juncture as Covid-19 shakes foundations
EconomyFeaturesthe battering it received in the country’s decade-long financial crisis, and 2020 looked set to continue... activities such as construction had been one of the engines of the Greek economy prior to the crisis... with the nascent revival in the property market: the introduction of residence permits linked to property purchases
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Greece's pursuit of normality has only one starting point
Agorais expected at 2 percent of GDP and 2.5 percent of GDP in 2018, substantially lower than the targets set... Parliamentary Committee in early April 2015. · The justice system is one of the least efficient in Europe... to is not Greece but Cyprus. Cyprus is one of the adjustment programme graduates and is often held up as a role
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Banks and government inching towards new framework to protect primary homes
EconomyProgramme. Eurogroup An agreement on the new framework for primary residences is seen as one of the key...Talks between banks and the Greek government on the primary residence protection framework are due... that, the information regarding exactly what is being discussed remains conflicting. According to one
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Newsletter 338 - 20/05/2022
for Mitsotakis to address a joint session of Congress on Tuesday were the main set-pieces of the trip. Biden set... for liquefied natural gas (LNG), and set out his own political ideology, warning against the threat posed... job roles are waiters, kitchen staff, cleaning staff and receptionists. These positions make up 60
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Pension bill to be unveiled as govt prepared for fifth post-MoU review
PoliticsGreek Politicsthis week and even though the upcoming review is set to be less stressful than previous ones... insolvency code will be one of the top items on the agenda for the talks between the institutions... insolvency code is expected to retain the principle of primary residence protection under stricter
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A closer look at planned laws for unpaid taxes and home foreclosures
EconomyMacroeconomyof total. Of this amount, the Finance Ministry aims to collect revenues of at least one-third or 3... and surcharges if the whole tax principle is paid in one instalment. This is to be gradually reduced... to the extension of foreclosures ban, which was one of SYRIZA’s priorities, the legal framework (law 4224/2013
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Newsletter 285 - 19/02/2021
with incentives for “family offices” – wealth management firms that cater to the needs of one extremely wealthy individual or family – to set up shop in the country. The legislation requires... of steps since December 2019 to attract foreign tax residents to the country. The ball was set rolling
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