Greece’s Anti-Money Laundering Authority has seized the entire inheritance of Giorgos Tragkas, a prominent Greek journalist, small media owner, published, TV and radio producer, who died in December 2021 from Covid-complications. In a 60-page report, the Authority came to the conclusion that the source of the assets he owned might …
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Greece overhauls properties “objective values” with hikes reaching up to 250%
Greece’s Finance Ministry announced the new property zone rates on Monday in an effort to adjust the so-called objective values with the commercial values and have millions of real estate owners be taxed for their properties accordingly. The new property zones, 13,808 in total, are overhauled across the entire country …
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Gov’t Act: Requisition of properties & land for the closed Migration centers
With a legislative act “for reasons of public interest” the Greek government proceeds with the requisition of properties and land on the five Aegean islands in order to construct the new closed migration centers, government spokesman Stelios Petsa announced on Monday. “The Council of Ministers is today issuing a Legislative …
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PM Mitsotakis announces generous tax cuts incl. properties ENFIA
Prime Minister Kyriakos Mitsotakis has set as his top priority to implement his pre-election program and proceed with taxation cuts as soon as possible. In his policy statement late on Saturday, he announced several tax cuts with one of them to be implemented as of the month of August. 6.5 …
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Greek authorities discover 20,000 tax undeclared Airbnb properties
The Independent Authority for Public Revenues (AADE) on Sunday revealed that it has tracked down some 20,000 undeclared short-term rental properties on the Airbnb platform , which had not been added by their owners to the AADE electronic register. The authority has also found 130 property owners that had concealed …
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Greece closely monitors Albania’s decision to seize properties of Greek minority
The Albanian government may has removed from the website of the Official Gazette the decision to arbitrarily expropriate properties belonging to members of the Greek minority in Himara. But Greece is closely monitoring the next steps of Albanian Prime Minister Edi Rama,as taking down the decision, does not mean that …
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Ecumenical Patriarch concerned about the Tsipras-Ieronymos agreement
For two hours Educations and Religious Affairs Minister Costas Gavroglou was briefing Ecumenical Patriarch Bartholomew in Istanbul about the recent agreement between the government and the Greek Orthodox Church of Greece. I twas the second time within two days, the Ecumenical Patriarch was receiving a briefing by Greek officials on …
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More than 11,000 properties auctioned due to debts since Feb 2018
More than eleven thousand properties have come under hammer since the electronic platform for e-auctions went in operation in February 2018. A total of 11,159 debtors’ properties have were auctioned, another 3,776 are expected to be auctions until the end of the year. The list includes 601 houses, 12 hotel …
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Tsipras and Archbishop of Athens agree to a company to exploit Church properties
New era in relations between the atheist left-wing government and the Church of Greece? A secret meeting between Prime minister Alexis Tsipras and Archbishop Ieronymus II took place on Wednesday, October 3, newspaper Ethnos revealed on Sunday. Top on the agenda was the issue of Church properties and how to …
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Council of State rejects Church appeal for tax-free revenues from leased properties
The Council of State (CoS) has rejected an appeal by the Orthodox Church of Greece requesting that it be excluded from paying taxes on income generated from the leasing of properties in urban areas. The Church had requested a return of 2.9 million euros in taxes paid for income generated …
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Shocking report: Macroeconomic indicators improve but Greece’s society is suffering
Greek society in economic decline: Three out of four are long-time unemployed. 51% of the households depends on pensions. One in five households is afraid to lose its home. 70% of the young Greeks want to look for a work abroad. 16.3% say they cannot afford to cover an extraordinary …
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Golden Visa and Online Property Auctions attract Russian and Chinese interest
The misfortune of one is the fortuity for the other. Russian and Chinese investors show a great interest in acquiring properties in Greece especially now that Greek banks are getting rid of their nonperforming loans with online auctions of properties. There is a high demand for the Golden Visa program …
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Greece to tax short-term rentals via Airbnb with 15%-45%, and the platform with 5% per transaction
The Greek Finance Ministry has apparently prepared the long awaited law that will charge up to 45% on taxes for short-term rentals via online platforms like Airbnb. Greek media report today that the deputy minister in charge of taxes Tryfon Alexiadis has submitted the draft to Katerina Papanatsiou, the minister …
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Keep calm & fasten seat belts: “Earthquake”-Levy to be imposed on Greek properties
Greeks’ properties are an inexhaustible source of revenues. This is what the Troika and the Greek government think. After forcing property owners to pay extraordinary ’emergency taxes’ as a kind of small rent to the state for the house/flat/apartment they live in, a new levy is coming just around the …
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Samaras, Venizelos, Kammenos: Greece’s richest politicians
Greek Parliament published on Tuesday the assets of 508 politicians for the financial year 2011 (2010). The so-called “πόθεν έσχες” (literally: whence did you acquire it?) contains the asset means of MPs and party leaders according to their declarations to tax offices. According to the πόθεν έσχες lists uploaded on the website …
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Troika Pushes Greek Banks to Bring Under the Auction Hammer 100,000 Properties
Does the big bang rolls with forceful violence towards Greece’s property owners? Are those who bought homes on loans and found themselves unable to meet their obligations at risk to be kicked out of the four walls and the ceiling, they used to call ‘their own’? The Troika apparently puts pressure on the banks to start …
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Local Celebrities Sell Their Luxurious Properties due to Greek Crisis
Greece’s celebrities and local show biz people sell their properties as they do not manage to keep them and pay the maintenance costs due to the economic crisis. Luxurious villas with breathtaking views. According to report by Sunday newspaper Real News singer Lefteris Pantazis sells his villa which has a …
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FinMin: Chasing Taxes In- and Outside Greece, Seizing Salaries & Pensions, Confiscating Properties
Greek Finance Ministry extended the procedure to ‘regulate’ overdue taxpayers’ debts until 29. June 2012. The extension refers to debts to the state after they became overdue until 29. February 2012. Private persons with debts up to 10,000 euro and companies with debts up to 75,000 euro are eligible to …
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Q&A: How Will a 50% Greek “Haircut” Affect Our Lives?
The rumors and the scenarios about a 50% ” Haircut” of the Greek debt and an “orderly default” , call it also “controlled bankruptcy”, keep whirling around the heads of ten million Greeks causing increased uncertainty and depression. With the tax hikes and the income decreases, the Greek household have already …
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Greece For Sale – from Guardian.com.uk
Greece puts its islands up for sale to save economy Desperate attempt to repay debts also driven by inability to find funds to develop infrastructure on islands Elena Moya guardian.co.uk, Thursday 24 June 2010 21.33 BST Greece is raising cash by selling off an area of state-owned land on Mykonos …
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