Development Ministry

By Thanos Tsiros

Banks are looking at having full access to citizens’ tax information as plans are being made to allow them to draw information from the Finance Ministry’s Taxis database on tax declarations and from the ministry’s registers. This process will be implemented via the “Teiresias” interbank system, which is already connected online to all of the country’s lenders.

By Dimitra Manifava

The Development Ministry is now considering putting an end to the country’s intermediary sales periods in spring and fall, as they have so far failed to fetch the expected results.

By Dimitra Manifava

The Development Ministry is reportedly examining the shift of the sales periods from their current dates to different periods during the year to suit the needs and peculiarities of each regional market.

The government is planning on tabling an extraordinary two-year plan to deal with businesses’ non-performing loans (NPLs), Development Ministry sources said on Monday.

Greece plans to present the scheme to the troika, which is due to begin its review on Tuesday. It was the subject of a discussion between Finance Minister Gikas Hardouvelis and Development Minister Nikos Dendias.

By Dimitra Manifava

By Evgenia Tzortzi

The Development Ministry intends to use three tools to support the country’s crisis-battered small and medium-sized enterprises (SMEs), in an effort to channel cash into the economy.

By Evgenia Tzortzi

The issue of extending the foreclosure protection period for financially troubled homeowners struggling with debts will form part of the government’s negotiations with representatives of the country’s international creditors in Athens at the end of the month.

By Dimitra Manifava

The Development Ministry is considering lifting all restrictions concerning special offers at retail stores so that they can take place at any point during the year in order for traders to liquidate stock when they need to.

There can be no growth without resolving the issue of nonperforming business loans. However, the solution to this problem should not be based on old establishment criteria, such as political and other connections. The economy – in other words the market’s sustainable and healthy company sector – is in desperate need of oxygen.

By Evgenia Tzortzi

The coalition government appears determined to extend the agreed foreclosure protection period for first homes and vulnerable social groups, even if unilateral action is required in the event that the country’s creditors, known as the troika, do not consent to the initiative.