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08-12-2020

REAL ESTATE TAXATION IN GREECE; IN TERMS OF…

While the acquisition of real estate in Greece requires the one-time payment of tax for the acquisition of such property, whether due to a sale and purchase agreement, or due to an agreement on donation, or due to a deed of acknowledgment of inheritance, the right to real estate (right in rem) gives rise to taxation on this property. Rights in...

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24-07-2019

Application of The EU Geo-Blocking Regulation: A Ban…

Recent Regulation (EU) 2018/3021 addresses unjustified online sales discrimination based on customers' nationality, place of residence or place of establishment within the internal market. It applies to all traders2, including online marketplaces, operating within the Union, in connection to transactions relating to the sales of goods or the provision of services within the Union. In particular, some customers are not able...

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28-01-2019

Game of Chance Introduction

History of the Regulation of Games of Chance in Greece Games of chance, in which the participants wager a stake with valuables or money is not an activity that appeared in recent times. They were very common in ancient societies. Historians situate their origin in the third millennium BC in the Far East and Egypt. Such games were common in ancient...

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28-01-2019

Data Protection Introduction

The constitutional context and the right to data protection The Greek Constitution, adopted in 1975 quite after the fall of military dictatorship, recognized explicitly the rights of privacy (Article 9) and secrecy of communications (Article 19). Article 9 guarantees both the asylum of home and inviolability of private and family life. Both theorists and the jurisprudence regarded Article 9 in combination...

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28-01-2019

Consumer Protection Introduction

The main piece of legislation in Greece on Consumer Protection is the Law 2251/1994, which in large part implements European Union rules into the Greek legal order on a wide area of issues; general terms of contracts, regulations for liability of producers for defective products, unfair commercial practices, class actions to name a few. Nevertheless, the Law 2251/1994 is not...

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A strategy being drafted by the Development Ministry to promote innovative entrepreneurship includes joint investments by the New Economy Development Fund (TANEO) with business holdings funds, as well as tax incentives to attract foreign investments to newborn enterprises.

Read more: Promoting innovative entrepreneurship

Panos T. Xenokostas, President & CEO, ONEX GROUP, discusses the rise of ONEX S.A. in the Greek and international aviation market, ONEX in the United States, and how the Greek economy can be transformed.

Please tell us briefly about ONEX.

ONEX was founded in Greece in 2004 aiming to supply complex technological solutions in Aviation Support, Information and Telecommunications Technology and Enterprise support. “Born” during the economic slowdown after the Athens 2004 Olympic Games and “raised” through the hardships culminating in the current breakdown of the Greek economy, ONEX managed to develop a set of invaluable qualities, such as adjustability, flexibility and a realistic outlook on the global picture.

Read more: Investing for Tomorrow in the Hellenic Aviation Industry

Bank of America Corporation’s Merrill Lynch unit said in a report issued on Tuesday that the recent decline in share prices at the Greek bourse offers value as Greek banking recovers and that there is no prospect for an early general election before March 2015, when the Parliament’s likely inability to elect a new president to replace Karolos Papoulias will lead to a parliamentary poll.

Read more: Merrill Lynch sees value in Greek bank chips

By Dimitra Manifava

A government committee on Monday gave the green light for 12 energy projects with a total budget of 11.5 billion euros to be licensed through the fast-track process.

Meeting under Development Minister Costis Hatzidakis, the Ministerial Committee for Strategic Investments decided to fast-track investments expected to create a total of 17,000 jobs while helping Greece to enhance the security of its energy supply and eventually see it evolving into an energy hub.

Read more: Twelve energy projects to be fast-tracked

By Dimitra Manifava

The Greek economy appears to be entering a phase of stabilization as the Economic Sentiment Index and the Consumer Confidence Index compiled by the Foundation for Economic and Industrial research (IOBE) showed a new six-year and four-year high respectively last month.

Read more: Economic sentiment, consumer confidence on the rise

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1st Greek Law Digest Conference…

Conference Review NOMIKI BIBLIOTHIKI and the Legal Guide "Greek Law Digest -The O...

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Extradition, International Cooperation…

What is the legal basis for extradition? Extradition is usually pursued or granted ...

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REAL ESTATE TAXATION…

While the acquisition of real estate in Greece requires the one-time payment of tax for...

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