Category: Uncategorized
Tomorrow the announcements to raise the minimum wage from 1 April – At 5.5% the forecasts converge
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Tomorrow (27.01.24) the Prime Minister will announce its height which will apply from 1 April 2024. Information suggests that the final outcome of the JEP, after consulting scientific bodies and social partners, provides for an increase of 4% – 5%. It is recalled as it has revealed , the proposals that have fallen to the…
Consultation is coming on the design of the digital dispatch card
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In public consultation , the draft ministerial decision on digital , according to ERT , is expected to be put in place this week . The reason for the new electronic monitoring system for products traded. This system will enable controllers to know – in real time – the type, volume, value, manner and destination…
Farmers: Today the Council of Agriculture Ministers of the EU. – On the rural crisis agenda and Ukraine
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Today (26.03. 24) the board of its directors, in which the Greek Minister for Rural Development and Food Mr. Lefteris Aggenakis will participate The issues of discussion are the following: the need for rapid and structural response to the current crisis in the agricultural sector and the situation of agricultural markets after the invasion of…
How and when will the bonus system be implemented across the State
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Bonus system (reward rate) throughout prepares it for 2025, reportedly. The relevant DPA bill to pay bonuses to the most efficient employees of all the public is expected to be approved in a next cabinet (not Wednesday 27 March) and enter into force in 2025 (after being voted on within this year). Circles of the…
Crete: The X-ray of the residences – New trends in offices and logistics
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Extremely upcoming seems to be in recent years its market. The island, apart from being one of the most powerful tourist destinations, is experiencing great growth both in the fields of offices and commercial shops and in logistics that gradually strengthen their presence on the island. With regard to the residential properties of Crete, according…
The war to the last government – opposition, the bogeyman of the national elections, the fears of entering the Twilight Zone, the drama of the OSE station chiefs and the ancient Sasson that Trump’s son-in-law wants
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To the last! The war to the end that broke out between the government and the opposition on the occasion of the front page of the newspaper in Stepa, entitled “Montaziera in Tempes” was a rehearsal jenerale for the form the election struggle will take as we march towards the European elections. European stakes, although…
Are there “Karajades” and “Kostoles” in banks today?
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With the forthcoming disposal-sale of the final share “package” of the TSS, at the National Bank, more or less completed as the full denationalization of the domestic banking system has been written many times to date. And you wonder, is that “good or bad”? And for “who” is good or bad? The answer to the…
The new National Strategy for Disabled People – What are the 9 actions for 2024
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Wednesday (28.03. 24) The new National Strategy (2024-2030) by the Minister of State Stavros Papastavrou is expected to be presented to the Cabinet. According to the National Strategy for the Rights of Persons with Disabilities, the establishment and establishment of a National Centre for Disability with universal assumption of disability certification, accessible neighborhoods (which ensures…
EPKA: By 31 March the selection of insurance categories by pensioners
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Until 31 March 2024, pensioners, who continue their employment as farmers, will be able to choose an insurance category in . In particular, the decision of the Board of Directors of the Hellenic National Insurance Agency provides for the free professionals and farmers, who, due to the continuation of their insurance after retirement or the…
Countdown of 4 days for February VAT returns by enterprises
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A few days’ margin has been set to proceed with a statement, as Friday 29.3.2024 expires the deadline for the February 2024 tax month. It is noted that VAT returns from businesses and freelancers, according to a recent decision from the Ministry of Finance, now include pre-filled codes in the context of the total change…
Farmers: New tractor protest tomorrow in Brussels
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New protest plans for tomorrow Tuesday the . It is estimated, according to the Belgian media, that around 300 tractors will reach Suman Square and the streets around the Council building where the Agriculture Ministers will meet. Central arteries will be closed by 6:00 in the morning local time. This is the third time since…
China: Reverse Wan Losses After Central Bank Support · Global Voices
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Return of losses noted on Monday (25.3.2024) China’s currency against it, after the “deep” of last week. China’s Wan reduced losses against the dollar after the central bank marked its support for the currency through a stronger than expected daily reference rate. The People’s Bank of China set the Wan’s Monday rate at 7,0996 per…
“Unclose” chocolate eggs at Easter – To the heights of international cocoa prices
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As its holidays approach, its high prices mean that buyers pay much more for eggs and chocolate bunnies. As Bloomberg reports, this is only the tip of the iceberg as the highest prices this year at Easter stores reflect the cocoa increases since 2023. Since then, the rally has increased speed and cocoa has already…
The price of electricity fell in Nadir on the three-day day of March 25
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Three days of particularly low wholesale we’ve had in the last three days. As the Energy Exchange figures show, on Saturday the price fell from 70 to 55 euros per megawatt hour. Then on Sunday he retreated even more to 45 euros and on Monday is 61 euros. The reason for the fall is more…
How Russia will pay the cost of possible escalation of the war in Ukraine after the shooting in Moscow
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Unsettled analysts are watching in the “Next Day” of the strike in Moscow, especially in relation to the attitude the Russian leadership will take towards not only the , but overall in the West. The first estimates in Germany seem to come to the conclusion that this blow will accelerate developments, which, however, had started…
In 8 instalments the payment of income tax – Who will receive a 3% discount
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The possibility of paying the natural and legal persons tax year 2023 to 8 , promotes the financial staff by a proposed provision in the Tax Procedure Code. Thus, taxpayers will be able to repay income tax in 8 equal monthly instalments of which the first is paid by 31 July 2024 and each of…
With actions 38m euros they plan anti-pyrotic zones in Evros, Evia, Chalkida, Messinia, Laconia
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A large competition in both budget and mainly in importance for the anti-pyrotic shielding of areas of Greece through the creation of mixed related protection zones, in public and forest areas on either side of the forest, promotes TAIPED, on behalf of the Ministry of Environment and Energy. The purpose of the contract is the…
Triantopoulos: At 12.8m euros state aid for plant capital losses in Laconia
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At 12.8m euros the state aid so far for losses of plant capital in , as the Deputy Minister of Climate Crisis and Civil Protection, responsible for the rehabilitation of natural disasters and the State Aid . In response to a question from MP Laconias of the New Republic, Athanasios Davakis, Mr Triantopoulos, noted among…
April pensions and allowances: When is paid, all dates
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The “map” of payments and April announced by the Ministry of Labour. During the period 26 to 29 March, EUR 2,355.609.601 will be paid to 4,198,881 beneficiaries, as part of the planned payments of pensions and benefits of e-IFCA and the Public Employment Service (PSA). 1. The e-EFKA will make the payment of Masters &…
When pensions and April benefits are paid
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During the period 26 to 29 March, EUR 2,355.609.601 will be paid to 4.198.881 beneficiaries, in the context of the planned payments both of the e-EFCA and of the Public Employment Service (PSA). In particular with regard to pensions and allowances for April: 1. The e-EFKA will make the payment of Masters & Assistant Pensions…
Nagel (Bundesbank) for extreme right rise: Destructive for Germany an exit from the euro
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The current rise in right-wing extremism as it threatens the country’s prosperity, its head, Joachim Nagel (Yoakim Nagel), who stressed how disastrous an exit from the euro would be. “I call on everyone not to lightly take the threat of right extremism,” Nagel stressed in an interview with German media, as he explained in Germany…
Tsakloglos: From 1 April the 4th successive increase in the minimum wage to over 800 euros
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‘ On 1 April 2024 , its 4th successive increase , which will now exceed 800 euros from 650 euros in 2019,” states the Deputy Minister of Labour and Social Security , in an interview with the APR-APM. As it estimates, the positive growth rates in recent years, combined with the dynamics of the country’s…
What benefits for taxpayers from the new digital relationship with the IRS
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Exclusively digital will be the citizen relationship from now on, thus writing the epilogue to images of the past with incredible queues and suffering for thousands. At the same time, the cordon around short-lived “ghosts” companies that never pay taxes. The Ministry of National Economy and Finance, in collaboration with AADE, is proceeding with the…
Year of shrinking trade relations between Greece and Russia in 2023 – At 2.5 billion euros fell imports
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Imports of Russian products from Greece fell sharply in 2023 with the deteriorating policies between the West and due to the war in Ukraine. Greece, although traditionally a major importer of Russian products and energy, is in line with EU requirements to limit relations with Russia to the minimum possible, with a view to the…
In which areas of Attica houses are sold faster
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The demand for the center of Athens, especially in areas such as Galachi, Goudi, Byron and Caesarian, is still unscathed. At the time the interest of the Greeks in the eastern suburbs is increasing, as it is observed that the Sweet Waters showed a very rapid absorption of residential properties for sale. Smaller apartments, in…
Golden Visa: The plan for abandoned buildings – Athens aims to change “person”
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To change the “person” of Athens and the other major cities aspires to it with the changes it introduces into its regime , which are included in the new tax bill presented on Thursday (21.32024). And this is because, a familiar and unpleasant image of Athens is thousands of buildings, often of great architecture of…
Augenakis: Law on the Strengthening of Interprofessional Organizations
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which will strengthen Interbranch Organizations announced by the Minister for Rural Development and Food from the step of the 12th Pangrete Forum in Heraklion organized by the Chambers of Commerce in Crete, which, as the Minister stressed, contribute decisively to the strengthening of rural development. In addition to the law referred to by Mr. Avgenakis,…
Ministry of the Environment: By 15 April applications for the Enterprise Changer programme
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By 15 April 2024, at 18:00 persons concerned for inclusion in the programme may submit their applications: ‘for enterprises’ and Energy, totalling EUR 105.6 million. According to the communication from the Ministry of the Environment, this is provided for in the amendment to the Guide to the ‘business’ programme, which was originally open for applications…
U.S.: $1.2 trillion budget agreement in ‘up to five’ from the state’s shutdown
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A $1.2 trillion deal was approved by the Senate on early Saturday, preventing a partial shutdown of the federal state following the overthrow of Republican efforts to introduce cost cuts and restrictions on immigration. Vote voting 74-24 sends the budget bill to US President Joe Biden. House of Representatives Speaker Kevin McCarthy was deposed last…
The new landscape in the real estate market after changes to Golden Visa
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With the aim of addressing the housing problem, limiting demand to “fillet” areas and addressing market distortions with a reduction in particularly high prices, the Ministry of National Economy and Finance goes on to legislate to increase the limits for . At the same time, as government agents say, internal thinking is also not to…
How the new tax bill “unblocks” the publication of information
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The competent services are ready to implement the interoperable link between public bodies, with the aim of faster and more efficient service to taxpayers, as divided on Thursday (21.3.2024) in presenting the young man from his leadership and AADE. So, even before the tax bill of the Subic passes through the voting process in parliament,…
EYDAP: What happens to invoices in water bills
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Although in essence the issue of increasing water bills is in the “hands” of the government and the new Regulatory Authority (RAAEF), under which the water sector (Water, Waste, Energy and Water Regulatory Authority) has also been incorporated, it seems that they do not have price increases in their pursuits. The management of EYDAP has…
Farmers: Permanent exemption from end-of-service
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The long-awaited permanentisation of the exceptional measure of their exemption from the becoming and official act as it is included in the additional provisions of the new bill presented by the Ministry of Finance on Thursday (21.32024), along with changes in the Tax Procedure Code and Golden Visa. Specifically, as announced by the Ministry of…
The question of time for petrol to reach 2 euros – attributed to the new increase
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The recent rise in international crude oil prices is a bad guess for consumers everywhere. Of the $70 – $75/varelli that was found the Brent variety before two months, it is now trading close to $86, which increases fuel, such as diesel, in Europe and Greece. The problems with shipping in the Red Sea combined…
Submission of applications for funding by the NSRF for new IMMs and new tourist IMMs is extended
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The Ministry of National Economy and Finance today announced (22.3.2024) the extension of its funding date for new small and medium-sized enterprises and tourism businesses. In particular, until Wednesday 27 March 2024 at 15:00 the possibility of submitting applications for funding to the actions “Improving the establishment and operation of new small and medium-sized enterprises”…
Athens Stock Exchange: Closed with a drop of 0.36% – Profit 10.21% from early 2024
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Their prices recorded a gentle decline in today’s (22.3.2024) meeting. Investors went on to mild liquidations for recording short-term profits. At the previous two Stock Exchange meetings the market had recorded a total profit of 1.92%. Since high capitalization, the shares of EYDAP and the ELPE have been overpaid. The General Price Index closed at…
Athens Stock Exchange: Closed 0.36%, at 95.75m euros
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Their prices recorded a gentle decline in today’s (22.3.2024) meeting. Investors went on to mild liquidations for recording short-term profits. At the previous two Stock Exchange meetings the market had recorded a total profit of 1.92%. Since high capitalization, the shares of EYDAP and the ELPE have been overpaid. The General Price Index closed at…
ADE: And with foreign bank cards the payment of tax obligations
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Taxpayers can now use foreign issue payments in their transactions with . The administrator of AADE, George Pitsilis, pointed out: “Another service is currently delivered to citizens and businesses, making daily transactions of foreign card holders easier with tax obligations in Greece”. In particular, the system for accepting payments via foreign-issue cards was put into…
e-EFCA: Cleaning contracts shall be extended until 31 May.
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Its Regional Coordination and Support Services are extended until 31 May by the Ministry of Labour with regulation of the bill “Public Health Actions – Arrangements to strengthen the National Health System”. In particular, the regulation provides that in contracts for the provision of cleaning services with contractors concluded by Regional Coordination and Support Services…
In Parliament the regulation for insurance capacity for debt professionals up to 100 euros
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Professionals are guaranteed up to 100 euros in the article included in the Ministry of Health bill entitled “Public Health Actions – Arrangements to strengthen the National Health System” in order to have access to private health providers, doctors, diagnostic centers and private clinics. The Ministry of Labour Communication recalls that in accordance with the…
EU Summit: New sanctions on 33 people for Alexei Navalni’s death
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Additional 33 people entered their list of the European Union (EU) on Friday (22.3.2024) as restrictive measures were announced linking them to Alexei Navalni’s sudden death in a prison colony. Those listed in the penalty scheme shall be subject to an asset freeze and the provision of funds or economic resources, directly or indirectly, to…
Farmers: How the ‘Greek Farms’ platform works for producers, consumers, traders and workers
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The new platform is being upgraded from (HPAAT) with the help of the Recovery and Durability Fund, which will provide digital interconnection of job supply and demand in production, collection, transport, storage, processing and packaging of agricultural products. According to a post by the Hellenic Farms platform, it will be a central tool for promotion…
POS – Cash machines: Over 110,000 businesses that have completed the interconnection
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Over 110,000 businesses that have completed their interconnection process with the systems. At the rates recorded in recent weeks – around 5,000 cash machine connections with POS on a daily basis – the project is expected to be completed within schedules. It is noted that, in order to facilitate the implementation of the project, AADE…
China: ‘Trouble’ in foreign exchange markets since Wan’s biggest fall in the last two months
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The sliding of Chinese and with him and other Asian coins caused its hesitant relaxation by the suffocating pressure that Wan holds, according to Bloomberg’s report. The inland wan has noted the biggest drop in over two months, after authorities determined a weaker than expected daily rate, fueling the speculation that further losses would be…
New Directives on contributions from pensioners – What applies to disabled persons
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New directives were issued today (22.03. 24) for the implementation of the new scheme of contributions for workers . These e-EFKA directives initially concern the abolition of checks on the remuneration/income of employees/self-employed invalidity pensioners and the use of working time or self-employment. In relation to the abolition of the control of the remuneration/income of…
Thessaly: EUR 12.7 million was paid for the second cycle of first aid for farmers and farmers.
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New payment to and farmers of the second cycle of first aid – the additional grant up to EUR 10,000 – to 1,399 agricultural holdings and livestock units in the total amount of EUR 7,511,000, took place today (22,32024), as the Ministry of Climate Crisis and Civil Protection reports. These are, in particular, farmers and…
e-EFCA: Extension until 2 April for the payment of contributions and instalments of regulations for professionals and farmers
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Extension of the payment deadline and installments until Tuesday 2 April the Governing Council shall decide . This extension from e-EFKA to insurance contributions occurs due to the special interbank transactions year 2024 on 29.03.2024 (Great Friday of Catholics) and 01.04.2024 (Monday of Easter Catholics). In particular, the Board of Directors of the e-E.F.C.A., with…
ODD: Auction of interest notes Wednesday to raise 625m euros
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An auction of the Greek State duration of 26 weeks is held by the Public Debt Management Agency ( ) on Wednesday (27.3.2024) to raise 625m euros. As the DADEX notes the interest notes expire on 27 September 2024 while the settlement date will be Tuesday 2 April 2024. Interest on interest shall be calculated…
ELSTAT: 5.6% increase in building materials in February 2024
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Building prices increased above 5.6% overall in February 2024, according to it as valuations were recorded in all individual categories of materials, with the exception of diesel and electricity. In particular, as indicated in ELSTAT’s data, prices have moved up to the following categories of materials: Bricks (15.6%), Safety glass (10.9%), Plastic tubes, synthetic, inocement…
ELSTAT: The trade balance between Greece and Russia decreased by 18.1m euros in January.
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A deficit of EUR 18.1 million recorded the trade balance in January 2024 , according to its figures . In particular, according to ELSTAT, in 2024 the value of Greek imports from Russia amounted to 24.7 million euros, taking a 95.1% reduction compared to January 2023, which was 503.7 million euros. While Greece’s export value…
e-EFCA: Extension of the period for payment of insurance contributions and instalments of arrangements
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The Governing Council shall decide to extend the time limit for payment and instalments . This extension from e-EFKA to insurance contributions occurs due to the special interbank transactions year 2024 on 29.03.2024 (Great Friday of Catholics) and 01.04.2024 (Monday of Easter Catholics). In particular, the Board of Directors of the e-E.F.C.A., with No. 91/Cyn.10/14.03.2024,…
Proposal for a European Parliament and Council directive on the approximation of the laws of the Member States relating to restrictions on the marketing and use of certain dangerous substances and preparations.
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The European Commission has today proposed (22.324) that the European Commission impose prohibitive customs duties on imports of cereals, maize, sunflower oil and cereals from and from . The imposition of customs duties on agricultural products from Russia and Belarus, including wheat, maize and sunflower oil, according to the statements of the Vice-President of the…
Apple: “Buttons” $13 billion in shares due to legal pressure
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Losses of EUR 113 billion were noted in Thursday’s negotiations on Wall Street with investors selling massively due to the pressure the company receives from the authorities on both sides of the Atlantic. Apple shares once had a capitalisation value of more than 3 trillion. Dollars patenting it as the most powerful company in the…
EU: Bank pressure against the proposal to redistribute funds from Russian assets
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Some western banks are pushing against its proposals to redistribute billions of euros from interest frozen Russian , stated high-ranking banking sources , expressing fears that these proposals may lead to costly appeals to courts. European Union leaders agreed yesterday (21,32024) to proceed with the further elaboration of a plan aimed at using up to…
‘ Career Day in Tourism’: With more than 3,000 jobs the IPP event in the SEF
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Saturday, March 30th will be the ” Career Day in” organized by the Peace and Friendship Stadium from 10:00 to 18:00. Over 3,000 jobs are offered for many specialities and many levels of specialist, while over 100 tourism companies, such as hotels, travel agencies, car rental companies, catering companies, airport service companies, etc. DYPA also…
How private sector employees working on 25 March are rewarded
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The General Confederation of Workers of Greece ( ) and the Centre for the Information of Workers & Unemployment of the Confederation (K. P. Hey. A./GSEU) provides clarification on how private sector remuneration to work on 25 March. As the relevant GSEE announcement states, March 25th, which this year, in 2024 coincides with Monday’s day,…
TTE: The deficit in the balance of goods was widened in January with export ‘deep’
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Exports of goods fell significantly in January, according to data from the Bank of Greece ( ), thus widening the deficit as it exceeded the corresponding reduction in imports. Specifically, at current prices, TTE reports that exports decreased by 10.4% (‐7.9% at constant prices) and imports by 3.4% (a 1.6% increase at constant prices). Exports…
Athens Exchange: With a fall of 0.26% the General Index – Fall of European shares
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Small decline is noted in the opening of today’s meeting (22.3.2024) as mild liquidations are observed for recording short-term profits. The market at the previous two meetings made a total profit of 1.92%. The General Price Index at the Athens Stock Exchange at 11:00, is formed at 1,426.67 units with a drop of 0.26%. The…
‘Economy – Business’: By 15 April applications for the energy upgrading of enterprises
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The extension of the deadline for applications until 15.4.2024, at 18:00, for companies wishing to participate in the programme “ – Business”, announced the Ministry of Environment and Energy. The programme ‘Improving the energy efficiency of enterprises in the tertiary sector’ is being implemented in the context of the action “Economy – Business”, supported by…
Real estate owners: Register of declaration of undisclosed sites is coming – Who is it about
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The National Federation of Property Owners ( ) broadcast a distress signal on the occasion of the register of undisclosed cleaning sites. Press, POMIDA, along with the immediate application of RIS’s ‘Fire Protection Regulation within or near forested areas’, which concerns residential properties, is pending the launch of the ‘National Register for the Preservation of…
European sanctions are coming in Belarus, North Korea and Iran aimed at Russia
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Penalties against Belarus, North Korea and Iran for yesterday’s announcement (21.03. 24) Summit. In accordance with its decision, the European Council has examined progress on the next concrete steps towards the exceptional revenue from Russia’s frozen assets for Ukraine, including the possibility of financing military support. Calls on the Council to promote work on the…
The 8 points of the European Defence Summit
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Eight key points are laid down in the decision of yesterday’s leaders regarding . In detail, the decision of the European summit published today (22.03. 24) the morning provides for the following that the European Union commits itself to increasing its overall defence readiness and capacity to meet its needs and ambitions in the context…
In 2026 the upgraded Paros airport – 9 months late in the projects will be ready
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On his first extension, almost 9 months, he took the major project to develop and improve the New’s infrastructure, which amounts to 33 million euros (plus VAT). According to a decision by the Ministry of Infrastructure and Transport, the total deadline for completion of the projects was postponed by 265 days. While initially, on the…
In the plans changes in traffic fees from 2025
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Changes in the plans , as a special working group is set up, which will have the object of proposing reversals regarding the present institutional framework. As of 2025, about 5.5 million vehicle owners will see changes not only at the level of traffic charges based on the plans of the Ministry of Finance, but…
To be extended the mandatory application of the digital working card to the retail trade
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Prior to extending its compulsory application the Ministry of Labour is directed, according to secure information from newssit.gr. It is recalled that the implementation of the digital working card in the retail trade (except supermarkets where it has been normally applied already since the previous summer) has started since 1 January 2024, but it has…
Problems cause the new limits of the Golden Visa in the real estate market
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The changes expected to be implemented since 31 March on the Greek market for its acquisition , as the threshold increases in some areas to 800,000 euros , while in the rest of the country to 400,000 euros . The new measures of the Government, however, have caused the reaction of the real estate market,…
TE is on the lookout for housing credit – What is the funding ceiling for
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On the lookout for the progress of the loan that is being made in real estate, is the , as the introduction of ceilings in relation to the value of the property, and also the available income of the borrower proves. According to the TTE Decision, from 1/1/2025 banks will be loaned for housing loans…
All changes in tax controls – In the microscope tax avoidance seasonal operations
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A new dimension is given to tax controls based on the provisions of the new Tax Code that the Ministry of Finance ( ) brings to consultation, probably within the day, as Minister Kostis Hatzidakis announced at his presentation yesterday, Thursday (21.32024). The political leadership of the Ministry of Finance explained the changes made to…
The “dilution” dollar/euro launches the gold and the Central Banks find it difficult to keep control
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Yesterday’s (21.3.2024) announcement by Mr Powell (Fed), to maintain interest rates, but that, as he suggested, in time there is room for three interest rate reductions, followed by the launch of the price (in dollars) of gold. One will say “okay” expected as the interest rate reduction warns about a relative slip of the dollar.…
Spirji’s trap, the predictions for the minimum wage, the fears of bubble in real estate, Moody’s, Economist upgrades and reality
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Spirji’s trap! In a move that moves more in the field of political impression because in its case the limitation applies but puts Costas Karamanlis in a difficult position. former Minister of Transport of SYRIZA Christos Spirtzis went ahead. He was in the frame of responsibilities for the tragedy of the Tempes, in relation to…
‘Little window’ for Golden Visa investors who want to ‘prevent’ law change
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Major changes to the provisions governing its status in Greece are included in the plan presented on Thursday (21.3.2024) by the Treasury. However, as has been pointed out, there is also a transitional provision in the new law for the smooth transition to the new regime which will allow those Golden Visa investors who have…
The reasons behind the re-establishment of European customs duties on Ukrainian agricultural products
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To support it , the EU abolished import duties for mid-2022. Now Ukrainian farmers receive a concession for agricultural products that says much about the power of the agricultural lobby. The German poultry industry also notes that much of the income ends up with an oligarch. Wolfgang Schleicher wants no misunderstandings to arise. “It was…
What does the ceiling mean to banks put in by TTE for housing loans?
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The Bank of Greece will be institutionalized at the level of loans from the banks ( ) next month. By yesterday (21.03.24) Act of the TTE Commander the funding limit for buying property will be set up to 80% or 90% of the value of the property if it is a new buyer. At the…
At EUR 1 million fraud in life and health insurance and insurance companies was “executed”
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A large increase, which exceeds 50%, after the pandemic records those made through health and life contracts and usually concern false statements, fake documents and attempt to cover health issues and diseases that existed before it. After major lockdowns due to covid-19 and from 2021 to 2022 authorities and researchers detected fraud where the financial…
Huge disasters in the refineries – Gas pipelines threatened by Russia and Ukraine on either side
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Production of products totalling 3.7 million barrels per day is threatened by the drones sent by Ukraine. Already so far the oil production of Russia’s refineries has been reduced by 600,000 barrels/day as a result of continuous attacks. International analysts estimate that capacity of up to 1 million barrels has already been damaged and will…
Gasoline: Stationers expect an increase to two euros per liter by Easter
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The possible increase in petrol to 2 euros per liter, by Easter “sees” the president of the Association of Attic Merchants (SAPEK), Nikos Papageorgiou, as he told ERT. Nikos Papageorgiou said that “from the beginning of the war in Ukraine we are living a period of uncertainty regarding energy products.”, and he added that “insecurity…
ILO: Annual earnings from forced labour amount to $236 billion
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Forced private economy yields $236 billion in illegal profits annually, according to a report by the International Labour Organization ( ). The total amount of illegal earnings from forced labour has increased by $64 billion (37%) since 2014, as evidenced by ILO figures, a dramatic increase fuelled both by the increase in the number of…
RIS programme ‘Improving the energy efficiency of enterprises in the tertiary sector’: New application date
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The Ministry of Environment and Energy, taking into account the increased interest in participation in: ‘Improving the energy efficiency of enterprises in the tertiary sector’, announces that companies wishing to join it, to process and submit their energy efficiency by 15 April 2024 at 18:00. It is recalled that applications are submitted through the program’s…
Athens Stock Exchange: Rise 0.89% for the General Index – At 131.76m euros the turnover
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Upward trends prevailed at today’s meeting , with the market returning to the level of 1,430 units, amid an upward movement of European markets. Since high capitalization, PPC, OTE, Mytilene and Motor Oil have been overpaid. The Exchange’s General Index closed at 1430.35 units, rising 0.89%. Intraconferences recorded a higher value at 1,433.50 units (+1.11%).…
Athens Stock Exchange: Rise 0.89% – At 131.76m euros
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Upward trends prevailed at today’s meeting , with the market returning to the level of 1,430 units, amid an upward movement of European markets. Since high capitalization, PPC, OTE, Mytilene and Motor Oil have been overpaid. The Stock Exchange’s General Price Index closed at 1430.35 units, rising 0.89%. Intraconferences recorded a higher value at 1,433.50…
Short sellers bet again against commercial real estate
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Pressures in the regional , the continued fall in office prices in the US and increased interest rates have caused fund managers to resume betting on falling stakes in one of their favorite sectors: trades . Equinix Inc. collapsed at the lowest level since January yesterday (20.3.2024), after Hindenburg Research said it is betting against…
Huthi: China and Russia ships will not be targeted
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and will not be at risk of being attacked on their ships by the Huthi who are based in Yemen and will be able to sail in the Red Sea and the Gulf of Aden without fear, according to Bloomberg sources from inside the guerrilla group. China and Russia reached an agreement after talks between…
April Pensions: Payment dates – What applies to Employees and Non-Employers
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It does not bring their holiday earlier on March 25, to the Employees and Non-Employers. In particular, the payment dates of pensions follow the rule of separation between Employees and Non-Employers and are shaped as follows: Tuesday 26.3.2024 : pensions of former Non-Employers Funds will be paid (OGA, OAEE, EBRD) and OPS-EFKA pensions for those…
Milapides (Ministry of Labour): An amendment for insurance capacity comes to those who have debts up to EUR 100
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‘ With an amendment that will probably come in the next 10 days to the House or will be attributed without taking into account the late or late or confirmed up to the amount of 100 euros,” according to the Secretary General of Social Security, Nikos Milapidis, at the Ministry of Labour. ‘Every March insurance…
The Bank of Greece’s housing loans are also worth a fortune.
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From 1.1.2025 a maximum allowable limit is set for the debt service index to , when approved and the index to be valued when approved for new loans and other credits, in accordance with the Act of the Executive Board of the Bank of Greece. In particular, the cost of servicing the loan will not…
All new tax arrangements – The new status for Golden Visa
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Arrangements for reducing bureaucracy, facilitating taxpayers, exploiting modern technology in communication with and strengthening transparency include the draft law on the reform of the Tax Procedure Code, which it presented today (21.3.2024) the . At the same time, they were presented by the Ministry of Finance and the changes in Golden Visa that give priority…
Bank of England: Maintain interest rates at 5.25%
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Invariably at 5.25% the Bank of England (BoE) maintained them, although it implied that there would be reductions in the future as inflation declines at a rate higher than predicted. The Monetary Policy Committee voted with 8 votes in favour of remaining interest rates at current levels, with just one member voting in favour of…
All new tax arrangements – In detail the presentation of the Ministry of Finance
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Arrangements to reduce bureaucracy, facilitate taxpayers, exploit modern technology in communication with and strengthen transparency include the draft law on the reform of the Tax Procedure Code, which it presented today at the same time, were presented by the Ministry of Finance and the changes to the Golden Visa that give priority to household housing…
Turkey’s central bank raised loan rate to 50%
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It increased by 500 basis points, its basic loan rate, its central rate, i.e. from 45% to 50%. This decision surprised the markets, as Turkey is in an election period ahead of the municipal elections of 31.3.2024. At the same time, the bank sent a message that it would continue its liquidity policy if inflation…
ECB: Red loans in the Eurozone increased in 2023
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An increase was observed in the Eurozone , according to its Annual Report , for the supervisory activity announced today (21.3.2024). According to the ECB report “The figures for the first nine months of 2023 show a gradual but moderate increase in the volume of non-performing (red) loans (SDRs). Inflationary pressures and market pressures on…
The central bank of Switzerland reduced interest rates by 0.25%
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The central bank of (SNB) unexpectedly reduced its base by 25 basis points, moving months ahead of its global counterparts, as policy makers try to prevent the franc’s profits, according to a Bloomberg report. Officials in Switzerland reduced their reference rate to 1.5%, the first such reduction for one of the 10 currencies with most…
The new ‘Map’ of real estate price increases
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An increase occurred in real estate for and rent in the fourth quarter of 2023 compared to the corresponding quarter of 2022, according to Spitogatos.gr. Small was the average growth price for houses for sale reaching 1.7%, while the corresponding price for houses for rent reached 1.1%. During October-November-December 2023, the average price for houses…
The plan for infrastructure development – What are the new contracts
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The contribution of the Building Infrastructures to the social ensemble was underlined by the Minister and Transport, in the account of the project “Building Infrastructure S.A.” for 2023 and the new infrastructure plan for the period 2024 – 2027. Christos Staikoras said that all the projects implemented by the Building Infrastructure along with those planned…
Bundesbank’s “Camp” to slow down business dynamics in the euro area – Productivity Key
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‘ Counting the percentages of new and closed companies, their potential in the euro area has declined significantly over the last 20 years”, according to the latest monthly report of the German central bank ( ). At the same time, the overall increase in economic productivity has slowed. The authors of the Bundesbank report assume…
Athens Exchange: With a rise of 0.82% the General Index – High record levels and European shares
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Upward trends are recorded by the shares in the opening of today’s meeting (21.3.2024) , amid a positive climate in European markets as well. The General Index of Greek Stock Exchange prices at 11:00 is set at 1,429.31 units, rising 0.82%. The value of the transactions is EUR 14,35 million. The high capitalisation index is…
Hatzidakis: Whoever buys property with golden visa, will not be able to give it for airbnb
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‘ He is not allowed to buy by giving the property then for Airbnb,” he said today (21.3.2024) in the First Kostis Hatzidakis noted that Golden Visa is 7% of the trade in the real estate market, but no doubt affects Mr. Hatzidakis said, adding that the proceeds from Golden Visa were around 2.5 billion…
Athens Exchange: At 1,429.31 units the General Index
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Upward trends are recorded by the shares in the opening of today’s meeting (21.3.2024) , amid a positive climate in European markets as well. The General Index of Greek Stock Exchange prices at 11:00 is set at 1,429.31 units, rising 0.82%. The value of the transactions is EUR 14,35 million. The high capitalisation index is…
Economist: Global leadership for Greece in improving the business environment
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New vote of confidence in the Greek economy and its prospects from the valid review: Greece records the biggest improvement in the business environment between 82 countries worldwide, according to the business environment index of the Research and Analysis Unit (EIU) for the period 2024 – 2028. Economist attributes this improvement “to the impact of…
International Energy Agency: Nuclear energy is absolutely necessary to achieve climate targets
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It is absolutely necessary to achieve global climate, the head of the International Energy Agency Fatih Birol has today supported. “Without the support of nuclear energy, we have no chance of achieving our climate targets in time,” Birol told reporters before the launch of the Nuclear Energy Summit in Brussels. ‘Renewable energy sources will play…
Michailidou for minimum wage: On 27 March the cabinet decided on the increase
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Tomorrow (22.03. 24) We send our recommendation to the Prime Minister, he said today (21.03. 24) the Minister of Labour, Mrs Domna Michailidou, at ERT, while next Wednesday (27.03.24). It is recalled that the new minimum wage will apply from 1 April 2024 and is estimated to affect remuneration of over 500,000 private sector employees.…