Ermou street in downtown Athens is the 14th most expensive shopping street in the world, up one spot compared to pre-pandemic levels. The most expensive shopping street in the world for 2022 is New York’s Fifth Avenue, The rent in the biggest Greek commercial square for high-end shops is currently …
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Finance Ministry extends rent support to March, reduced VAT to coffee & services
Finance Minister Christos Staikouras announced on Monday that the total cost of support measures to deal with the pandemic in the first quarter of this year amounts to 5.9 billion euros so far. He added that the monthly cost to the economy from the health crisis was now 2.4 billion …
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Businesses closed by gov’t order until Jan 11 won’t pay month’s rent, says Finance Ministry
Shops and businesses that will remain closed until January 11 will not have to pay rent for the month of January, the Ministry of Finance announced on Saturday. The ministry decision came after Saturday’s announcement of returning to the restrictive measures as they stood right before the Christmas and New …
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Greece records largest drop in property prices in EU during last 12 years
Greece recorded the largest drop in property prices and rents within the European Union between 2007 and the third quarter of 2019, data from the European Statistics Authority the Eurostat, has shown. The largest drops in house prices were observed in Greece (-40.0%), Romania (-27.2%) and Ireland (-16.7%). Regarding prices …
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Govt’ abolishes rent subsidy for cabinet members without seat in Parliament
The Greek government has submitted an amendment that abolishes rent subsidies to ministers and deputy ministers that do not have seats in the Parliament. The amendment has been submitted on Wednesday evening and will be voted later on Thursday. The abolishing of the rent subsidies will go into effect retrospective …
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UPD Outrage as wealthy SYRIZA minister Antonopoulou receives 12,000 rental allowance
Alternate Labor Minister Rania Antonopoulou is in the middle of a scandal as she has been receiving a rental allowance of 12,000 euros per year. The allowance has been approved in September 2015, ever since she was appointed Minister in the Greek government. This is a normal procedure if the …
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EU Commission to give Greece €209mln to help refugees with rent, cash
The European Commission will give Greece 209 million euros ($245 million) in new emergency aid to help refugees stranded in the country rent homes and pay for basics with a cash card, the Commission said on Thursday. About 62,000 refugees and migrants, mainly Syrians, Afghans and Iraqis headed to northern …
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Greek Finance Ministry to chase taxpayers owning properties in 84 countries
The General Secretariat for Public Revenue has begun identifying properties owned by Greek taxpayers in 84 other countries which cooperate with the Greek authorities in a data exchange system. The secretariat’s agencies have already started drawing information from other European Union states and by the end of 2017 they expect …
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