Finance
Greece at rock bottom in social housing
When a law abolishing the Workers' Housing Organization was passed in 2012 as part of a package of stringent austerity measures, Greece gave up the last tool of state intervention in the real estate market.
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Treasury squeezes tenants to claim rental taxes
The Treasury and Finance Ministry has started to collect information from tenants in order to accurately determine rental income.
The ministry, which sent letters to tenants asking for a meeting about rents, has now told tenants, "You do not need to come to the ministry, you can fill out a form online."
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Primary surplus of €3.92 billion last year
The state budget balance for January-December of 2023 presented a deficit of 3.76 billion euros, against a target for a deficit of €8.34 billion that has been incorporated into the 2024 budget introductory report, and a deficit of €11.65 billion for 2022.
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Short-term rental revenue up
Short-term rental hosts declared 33% more revenues to the tax authorities in the first 10 months of last year than they did the year before, official data have shown.
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Surge in Fast Credit Usage: 23% of Bulgarians Seek Quick Loans in 2023
The percentage of Bulgarians resorting to fast credit services has surged to 23% in 2023 from 15% in the previous year, as per findings from a nationwide study conducted by the Kantar consulting firm. The report, disclosed by non-banking lender Easy Credit, highlights the growing trend of utilizing these services.
Wolfgang Schaeuble, from Grexit to debt deal
One of the key figures of the 2009-2018 Greek debt crisis, Germany's former finance minister Wolfgang Schaeuble, died on Tuesday. It is a development that appears almost symbolic in this country, as the deep wounds inflicted on its economy during that period, leading to a loss of a quarter of its output, have gradually started to heal.
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Changes in the real estate market in 2024
A series of changes are expected in the way property owners are taxed from the beginning of 2024, with most of them focusing on facilitating citizens. Interventions that will change the map in the short-term rental market are also imminent.
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Online platforms targeted by tax authorities
All online platforms, Greek and foreign, selling goods and services, must send transaction data involving Greek individuals and companies to the Independent Public Revenue Authority (AADE), a draft bill provision states.
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Is there scope for a midsummer surprise?
A huge surprise for Greece cannot be ruled out this summer. This has to do with a decision by the European Central Bank and concerns the inclusion of Scope Ratings in the group of rating agencies the ECB takes into account in its decisions.
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Deloitte report on green transition risks
Greek enterprises face a significant increase in credit risk from their transition toward the green economy, Deloitte Greece said in its "Transition Risk Exploratory Impact Assessment Exercise for Greek Large Corporates" risk advisory survey conducted by its Climate & Environmental Credit Analytics group.
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