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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 moreInternational travelers coming to Greece were up by 15.6 percent compared to 2013, according to a report released by the Hellenic Statistical Authority, ELSTAT, on Thursday. The report referred to a Frontier Statistical Survey conducted by The Bank of Greece in the January-June 2014 period.
Read more: Arrivals show increase in January-June 2014 period
Investors who spend at least 250,000 on property will not only get residence permits but passports too
By Dimitra Manifava
Non-EU citizens who invest in real estate in Greece will soon have the option of taking Greek citizenship if they spend at least 250,000 euros on property acquisitions, a senior Interior Ministry official announced on Wednesday.
The European Central Bank on Tuesday lowered the ceiling for emergency liquidity assistance (ELA) Greek lenders can tap from the Greek central bank to 87.9 billion euros from 88.9 billion euros, the Bank of Greece said on Wednesday.
"The reduction by 1.0 billion euros of the ceiling reflects an improvement in the liquidity of Greek banks," the central bank said in a statement.
Greek banks, which were shut for three wqeeks over the summer, have relied on emergency funding in recent months after a wave of deposit outflows, prompted by political uncertainty and the protracted bailout negotiations between Greece and its international lenders.
e.kathimerini.com, Wednesday, 07.10.2015 : 11:09
A last-minute reversal will likely see the cruise sector in Greece record growth this year after all, against initial estimates for a decline of 3 to 5 percent from 2014.
Read more: Developments in Turkey benefit Greek cruise tourism
The start to 2016 was filled with optimism for many. With two national elections having been held last year, a referendum on austerity over and done with, and a fresh bank recapitalisation scheme now complete, the leftist-led government could get on with the job of governing the country within the euro zone. However, just weeks into 2016 and doubts over the economy’s ability to rebound have grown. With the brake being put on two key foreign investments, a difficult pension reform ahead and continued uncertainty over the next review of the country’s bailout, sentiment has been shaken. This has prompted consumers to remain cautious and some economists to predict that Greece this year will once again be one of the world’s worst economic performers. Business File reports.
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GREEK LAW DIGEST
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CYPRUS LAW DIGEST
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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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