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Tag Archives: CAP

Santorini to impose cap on cruise ships to avoid overtourism

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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Capital controls: Greece considers to raise withdrawal cap, measures for businesses

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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Greece eases Capital Controls restrictions as of Mar 1st – All the changes

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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Cyprus lowers ATM withdrawals cap from €260 down to €100-€120

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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