Christos Triantopoulos

Government announces raft of state support measures for flood-stricken parts of Crete

A government task force visiting flood-stricken Crete on Sunday announced a package of support measures that will include the immediate disbursement of 400,000 euros to the municipality of Malevizi and immediate payment of compensation to those affected by the disaster from State Support funds.

Greece: More than 200 Houses Under Water after Flood on the Island of Euboea

More than 200 houses were flooded on the island of Euboea after heavy rain on Sunday, Greek television channel Skai reported. According to the information, the heavy rain, which lasted for several hours on the island, led to the overflow of local mountain rivers.

Finance Ministry begins overhauling of objective values

The government is planning major changes in the way that property rates used for tax purposes (known as objective values) are determined, with adjustments in the age and commerciality factors as well as the addition of 7,000 more areas into the system. The aim is to rationalize the objective value system so that objective values match the going rates.