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Supermarkets are prohibited from selling durable goods likes books, toys, clothing, footwear, electric and electronic equipment for as long as restrictions on normal retail activity are in place, the Development Ministry said on Tuesday and Minister Adonis Georgiadis signed the relevant ministerial decision. The selling ban reportedly goes in force … Read More »
Greece to split gas distribution grind DEPA, sell 65% stake
Greece plans to spin off the distribution grid and commercial operations of majority-state owned natural gas company DEPA and to sell its 65% stake in the two new firms, its deputy energy minister said on Thursday. The conservative government, which came to power in July, wants to speed up privatizations … Read More »
Is Greece loosing battle against Albanian herbs plunderers?
Groups of Albanian herb-pickers illegally enter North Greece and plunder vast quantities of herbs which they carry back home on mules and sell them for a tidy profit in European markets. They cause not only damage to the local economy but also to the eco-system. After seeing its best minds … Read More »
Greece’s Public Power Company to sell 500,000 customers in a tender
Greece’s Public Power Company (PPC/DEH) is ready to sell 500,000 of its customers and is awaiting for the necessary legislative arrangements by the government. The PPC management has already prepared a portfolio with the subscribers’ numbers of low- and medium-voltage users. However, several legal issues are open with regards to … Read More »
Gov’t sells performing loans of civil servants worth €5mn to foreign fund
The Greek government has sold to foreign funds mortgages held by civil servants worth more than 5 million euros. According to an exclusive report by daily Eleftheros Typos, the loans were sold to a foreign fund called ‘Grifonas Finance No1 PLC’ based in London. Borrowers now owe to the foreign … Read More »
The Times claims “Greek students sell sex for a cheese pie, because they’re hungry”
Six years of crippling financial crisis have sent Greek students to the streets. However, not for anti-austerity protests but for sex. They allegedly “sell it very cheap,” for the price of “a cheese pie or a sandwich,” thus “offering the lowest prices of the industry across the Continent.” “Some women … Read More »
Greek Sale: “Athens Riviera” transferred to Privatization Agency
Thousands of hectares across the “Athens Riviera”, the Attica coast line from Cape Sounion in the East to Marina Zeas in the West have been transferred to the Hellenic Republic Asset Development Fund – Greek Privatization Agency (TAIPED) on Tuesday.The transfer of the Attica coastline to TAIPED was signed by … Read More »
Struggling with Greek “Yperaxia-Tax” when it comes to sell your property?
“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 … Read More »
Bloomberg: Hochtief to sell stake at Athens Airport
“Hochtief AG, Germany’s largest builder, is reviving the sale of six of its airport-operating business and has invited potential buyers to submit offers, according to three people familiar with the matter, ” Bloomberg reported on Thursday. The German company plans to sell its stakes in the airports of Athens, Hamburg, … Read More »
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 … Read More »
Greek PM: We don’t sell our islands!
Greek Prime Minister George Papandreou stressed that Greece will not sell any of its islands to reduce the country’s debt, according to Reuters. “Anything like that is ruled out,” Papandreou told German newspaper Bild, when asked about selling islands. “You΄ve simply got to understand how important these islands are for … Read More »