Hellenic Bank

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Fresh capital control easing pondered

The government is planning to further relax the capital controls it imposed almost four years ago by the end of the month in a bid to make is easier for businesses to conduct transactions. The easing of restrictions was discussed in a meeting between creditors' mission chiefs and the leadership of the Finance Ministry, the Bank of Greece and the Hellenic Bank Association on Tuesday.

Plan to protect more funds in accounts of paying debtors

In cooperation with the Hellenic Bank Association, the Independent Authority for Public Revenue intends to raise the amount of money in a debtor's bank account that will be protected from confiscation if the account holder is consistent in servicing their arrears to the state in late February.