December 28, 2022
FEATURED, Society, Very Mix
Greek police arrested a 56-year-old woman in Athens who is believed to be a member of a criminal ring that committed fraud and forgeries against property owners and prospective buyers. The woman was arrested on Tuesday the moment she took pre-marked banknotes from a prospective buyer of a property, to …
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February 2, 2022
Economy, FEATURED
Prime Minister Kyriakos Mitsotakis announced a permanent 13 percent reduction in the Unified Property Tax (ENFIA) on Wednesday morning. he added that the additional 13% reduction cover the government commitment for a total of 30% reduction in property taxes. Προχωράμε, σήμερα, σε μία νέα γενναία μόνιμη μείωση του ΕΝΦΙΑ κατά …
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December 10, 2021
Economy
Hellenic Republic Asset Development fund HRADF on Thursday announced the completion of the Golf-North Afandou property conveyance on the island of Rhodes to MA Aggeliades Hellas. The HRADF’s CEO Dimitris Politis, and legal representative of MA Aggeliades Hellas George Mylonogiannis signed the closing memorandum of the transaction with the payment …
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December 7, 2021
Archeology, Culture
The United Nations General Assembly has unanimously adopted a resolution proposed by Greece for the “Return or restitution of cultural property to the countries of origin.” Greece’s three-year resolution was supported by an unprecedented 111 countries, the Foreign Ministry said in a post on Twitter on Tuesday. The resolution was …
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June 28, 2021
Economy, FEATURED
A new digital platform that provides an interactive map of the Greece’s real estate price zones was launched by the Finance Ministry on Monday. The online tool allows citizens to see which zone their assets fall into, or get information on real estate so-called ‘objective’ prices, that is a property …
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September 15, 2020
Economy
26 Greek islands are exempted from the unified property tax (ENFIA) for the year 2020. The exemption was announced by Prime Minister Kyriakos Mitsotakis on Saturday. Today, finance authorities published the list of the 26 remote islands, where property owners will not pay the property tax this year. These 26 …
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September 12, 2019
Economy
The Greek government plans extra incentives to attract big scale foreign investors from non-EU countries: The trade is Greek citizenship in return for real estate investment worth at least 2 million euros. According to information by daily kathimerini, Greek citizenship and Greek passports will be available to third-country nationals acquiring …
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April 6, 2019
Economy
Bad news for homeowners in forest areas. Greece’s Council of State’s plenary session turned down as “unconstitutional” the legislation which allowed clusters of homes within forest areas. On Friday, the Council of State annulled a ministerial decision (34844/11.07.2016) which allowed small clusters within designated forest areas and could have led …
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November 14, 2018
Economy
When it comes to property taxation, Greece holds the fourth place in the European Union, after France, UK and Belgium, a study conducted by the Foundation for Economic and Industrial Research (IOBE) has shown. . Property Taxes (left): Greece after France, UK and Belgium. Repeated Property Taxes (right): Greece after …
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November 6, 2018
Greece
Prime Minister Alexis Tsipras and leader of Greek Orthodox Church Archbishop Ieronymos met on Tuesday afternoon ahead of the crucial Constitutional Revision. The poilitical and spiritual leaders of Greece agreed to set up a Joint Fund for the Exploitation of Church Property. Furthermore, they seem to have agreed on the …
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August 10, 2018
Economy
Apartment prices increased on an average by 0.8 percent based on year-to-year comparisons in the second quarter of 2018, the Bank of Greece said on Thursday. According to a Bank of Greece statement and based on data collected from credit institutions,(1) apartment prices (in nominal terms) are estimated to have …
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March 13, 2018
Economy
Piraeus Bank property deals involving managers including former Chairman Michalis Sallas may have cost the bank 6.4 million euros ($7.9 million), according to a report by Greece’s Anti Money-laundering Authority. In the report, a copy of which was reviewed by Bloomberg, the regulator said it looked at the bank’s sale …
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January 23, 2018
Economy
Finance ministry sources on Tuesday dismissed several local press reports claiming that the Greek coalition government has promised creditors that 130,000 auctions of foreclosed property will be held by 2021. “There is no agreement with the creditors for 130,000 auctions within the next four years, such an agreement does not …
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April 12, 2017
Tourism, Travel
Citizens of Kuwait can obtain Greek tourist visa within 24 hours. In addition, those Kuwaitis owning property in Greece can obtain long-term visas. Ambassador of Greece to Kuwait Andres Papadakis affirmed that the process for Kuwaiti citizens to obtain Greek tourist visa is simple, indicating that the visa will be …
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March 23, 2017
Social, Society
Households in Greece spend a greater portion of their income on housing cost than those in any other country of the European Union country. A survey conducted by the European Federation of National Organizations Working with the Homeless (FEANTSA) has found. At the same time, homelessness and housing problems reach …
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October 12, 2015
Economy
An everything sweeping omnibus bill has been submitted to the Greek Parliament. Twenty four articles that regulate taxes, and taxes and …taxes. And a Greek first: the retrospective hike of taxes even for non-existing income! Value Added Tax, Property Tax, road tax, fines for tax evasion, imprisonment, whatever tax. It’s …
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January 24, 2014
Economy
“Yperaxia” is a magic word in the Greek tax system. I do not even try to translate the term, but I will try to explain the “yperaxia”-tax imposed on property sellers, because I was asked to do so by some Greeks living abroad. Greeks who understand the law as less …
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October 23, 2013
Economy, Society
Greece’s finance ministry has apparently run out of ideas. Ops! I should immediately correct myself: Greece’s finance ministry has obviously realized that the ideas the team of advisers produce to force citizens to “give to Caesar what belongs to Caesar” – in Modern English that’s “the taxes” – is sheer …
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October 4, 2013
Economy, Society
Are you one of the residents of this debt-ridden country who cannot pay his debts to the state? Greek Finance Ministry got an idea how to make it possible that you will pay your debts to the tax office and/or social insurance funds and avoid prosecution and imprisonment. The new …
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May 13, 2013
Economy, Society
Are you alive and happen to live in Greece? You will be taxed even if your income is zero for the sole reason that you are alive. For the exclusive and amazing Greek air you are allowed to breath, so to say. The financial ministry has calculated that every person …
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