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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...
Read moreRecent 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...
Read moreHistory 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...
Read moreThe 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...
Read moreThe 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...
Read moreGreece is planning new bond issues in 2018, according to the Finance Ministry’s draft budget released on Monday, which said they will include an exchange of bonds issued under a previous debt write-down in 2012 with new ones. [Reuter
The world’s biggest asset manager likes the look of Greek banks
Greece aims to get binding offers from investors shortlisted for a 66 percent stake in state-controlled natural gas grid DESFA by the end of the year, two sources close to the process said on Wednesday.
Read more: Greece said to seek final bids for gas grid sale before year-end
The covered bond issue by the National Bank of Greece was completed on Tuesday, becoming the first Greek lender to tap the market since 2014 and securing the amount of 750 million euros at a rate of just 2.9 percent, far below the original estimate for 3.25 percent.
As many as 110 investors took part in the issue, offering the bank 2 billion euros. The bond was oversubscribed almost 2.7 times. Kathimerini understands that almost half of the investors were from the UK (45 percent), another 15 percent were from Germany, Austria and Switzerland, 15 percent from Italy and 14 percent from Greece.
It is the first time since 2009 that National has issued a covered bond, marking the bank’s return to international money markets. The issue is part of the lender’s efforts to regain its independence from the Bank of Greece’s emergency liquidity assistance (ELA) mechanism. NBG officials estimate that, following the successful bond issue, the bank will now be able to pay off all of its dues to the ELA mechanism by the end of the year.
Sector officials add that the success of the issue opens the way for other banks to return to the markets.
source: http://www.ekathimerini.com/222343/article/ekathimerini/business/national-bank-covered-bond-issue-proves-great-success
Almost 70 percent of the residence permits issued to date through the Golden Visa program have resulted from investments in the region of Attica, while foreign investment in the local property market is soaring.
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Conference Review NOMIKI BIBLIOTHIKI and the Legal Guide "Greek Law Digest -The O...
Read moreWhat is the legal basis for extradition? Extradition is usually pursued or granted ...
Read moreWhile the acquisition of real estate in Greece requires the one-time payment of tax for...
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