May 29, 2024
Economy, FEATURED
Greece’s Prime Minister Kyriakos Mitsotakis indicated potential measures to tighten regulations on Airbnb and other short-term rentals, including considering a cap on rental days. “We have already enforced restrictions and requirements for those using Airbnb for commercial purposes. Additionally, we will discuss the appropriate duration for short-term rental of properties,” …
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August 4, 2023
Archeology, Culture, FEATURED
Visits to the Acropolis of Athens, Greece’s most popular archaeological site, will be capped starting next month, at a maximum 20,000 daily and subject to varying hourly entry limits, the Greek government said Wednesday. Culture Minister Lina Mendoni said the controls are needed to prevent bottlenecks and overcrowding at the …
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December 19, 2022
Economy
European Union nations’ energy ministers have agreed a gas price cap, a spokesperson for the Czech Republic said on Twitter on Monday. First reaction from Russia: “Unacceptable!” The deal follows weeks of talks on the emergency measure that has split opinion across the bloc as it seeks to tame the …
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November 24, 2022
Economy, FEATURED
“A cap at 275 euros is not in essence a cap,” Greece’s Environment and Energy Minister Kostas Skrekas said on Thursday. Arriving at the Council of Ministers meeting in Brussels, he pointed out that a gas price ceiling between “150 euros and 200 euros is a realistic ceiling.” Stressing that …
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October 3, 2022
Economy
Prime Minister Kyriakos Mitsotakis repeated a call for European action to cap gas prices in an article published by Bloomberg on Monday, in which he accused Russia of having “weaponized energy”. While such a cap carried risks, he said, Europe must “take back control of its gas market and cannot …
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September 26, 2022
Economy
Greece, along with Italy, Belgium and Poland, has sent a letter to the European Commission ahead of a meeting by EU energy ministers on Friday, regarding a proposed cap on natural gas prices. According to points on a draft seen by the by Greek state-run news agency amna, the letter …
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September 14, 2022
Economy, Uncategorized
The EU plans a “deep and comprehensive reform of the electricity market” to cope with an energy crisis spurred by Russia’s war in Ukraine, European Commission chief Ursula von der Leyen said Wednesday. The measures include a cap on electricity producers’ profits that would raise 140 billion euros ($140 billion) …
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July 29, 2022
Economy
The government has introduced a legislative intervention to impose a maximum charge limit on the fixed monthly charges of electricity bills, Environment and Energy Minister Kostas Skrekas announced in Parliament on Thursday. “We have stipulated that suppliers must declare the net price of electricity. We finally saw that some suppliers, …
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July 12, 2022
Economy
An amendment tabled in parliament on Tuesday will cap maximum profit margins for the sale of domestic appliances subsidized under the development ministry’s “Change my appliance” program. The cap was apparently considered as a necessity after consumers eligible for the subsidy denounced “price hikes” in air-conditioners, refrigerators and freezers. The …
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January 4, 2022
CORONAVIRUS, FEATURED
The cost of PCR molecular tests for Covid-19 at private laboratories and clinics will be capped to 47 euros as of Thursday, January 6, The Development Ministry announced on Tuesday. The cap comes after immense pressure by Greeks on social media who demanded free PCR tests as well as by …
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April 1, 2020
CORONAVIRUS, Greece, Politics
Greece is considering to further tighten the citizens’ movement to contain the spread of the coronvvirus and to impose a time limit to those leaving their homes for the allowed specific reasons during the lockdown. Aim is to limit the times citizens go out to no more than twice a …
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September 27, 2018
Economy
After three years and three months, Greece will lift the cap on cash withdrawals as of 1. October 2018. It herewith completes the so-called “second pillar” of Capital Controls imposed in the country on end June 2015. The Finance Ministry has issued the relevant decision on Thursday, Sept 27th 2018. …
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September 13, 2018
Tourism, Travel
Picturesque Santorini with its spectacular scenery and sunsets has been struggling in the last few years with overtourism. Local authorities plan to cap the number of tourists mainly arriving via cruise ships. According to reports, Santorini will cap the number of daily arrivals at 8,000 as of begin of 2019. …
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May 23, 2018
Economy
Greece is considering further easing of capital controls with the increase of the cap for cash withdrawing and limiting restrictions to businesses. The new measures could be implemented as soon as 1. June, that is on the third year the restrictions were imposed. According to media reports, the new measures …
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February 28, 2018
Economy
Greece has taken further steps to ease the capital control restrictions as of 1. March 2018. Euclid Tsakalotos has approved a series of measures that ease the restrictions, the decision has been already published in the official gazette. The measures raise among others the monthly withdrawal limit and allow the …
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March 21, 2016
Politics, Refugees
Ships come and go and bring refugees and migrants from the islands in “accommodation centers ” in the mainland. At the same time, boats keep coming from the Turkish coast and bring new refugees and migrants to Greece. More than 1,700 people arrived in the last 24 hours. In a …
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October 12, 2015
Economy
A shock-measure: civil servants and pensioners will be subject to stricter capital controls than the rest of the Greeks. They will be able to withdraw only €150 per week – with the cash withdrawal cap being €420 per week – that is a total of €600 per month. The rest …
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March 24, 2013
Economy
Central Bank of Cyprus decided Sunday afternoon to lower the cap for daily withdrawals from ATMs. According to local media, customers of Popular Banks will not be able to withdraw more than just 100 euro, while Bank of Cyprus customers will be able to withdraw up to 120 euro. The decision …
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March 21, 2013
Economy
Hit by an unprecedented crisis, Cyprus Popular Bank (Laiki) announced on Thursday night, it imposes a daily cap of 260 euro per customer for withdrawals from ATM. This restrictions aims to facilitate the bank to come up with customers’ demands, it was said. Thousands of CPB queued at ATMs on …
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November 6, 2012
Economy
Thirty to forty high-ranking officials at the Bank of Greece have reportedly resigned in order to escape upcoming wages cuts. According to Capital.gr and Proto Thema, the majority of the resigned bank officials have founded ‘right to pension’ and chose to resign in order to avoid the upcoming wages and …
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