Subsidy
Closed properties: How to make renovation money with…tax-free rent
The Ministry of Finance aims to address the growing housing problem by offering a dual incentive to taxpayers: a subsidy for the renovation of vacant properties and tax-free rental income. The “Renovate – Rent” program provides a subsidy of up to €8,100 for renovation expenses, while the income from the rental remains tax-free for three years.
Let’s see an example:
Toward a new windfall tax?
The government appears determined to reimpose a windfall tax on what it considers excessive profits in the wholesale electricity market, where prices have been rising again, even without the approval of the European Union.
As before, the tax will be used to subsidize households' and businesses' electricity bills.
- Read more about Toward a new windfall tax?
- Log in to post comments
Nicosia to support the vulnerable
In a bid to ease energy expenses for vulnerable groups and promote sustainable housing solutions, the Cypriot cabinet approved a set of medium-term measures during its meeting on Tuesday, chaired by President Nikos Christodoulides. The measures are designed to support households and young families, with adjustments planned based on budgetary conditions.
- Read more about Nicosia to support the vulnerable
- Log in to post comments
Heating allowance increase: Higher amounts for those who choose electricity, with repayment based on temperatures
A new heating subsidy model will apply for 2024/2025, with key changes including a higher subsidy for electricity consumption and an adjustment of the allowance based on updated climate data.
Bulgaria Outpaces France in Agricultural Subsidies for Small Ruminants
Bulgaria has emerged as a frontrunner in the EU regarding agricultural support for the small ruminant sector. This acknowledgment came from the National Sheep and Goat Breeding Association, whose members attended a significant European livestock exhibition in France earlier this month.
Housing crisis: Details of all the programs coming up
The Government and the Ministry of Social Cohesion and Family, in their efforts to provide solutions to the housing crisis, have taken initiatives to ensure affordable and quality housing. Especially for young couples, families, and vulnerable categories of our fellow citizens.
Energy transition bill at €436 bln
The energy transition of the Greek economy into a "green" one by 2050 will require investments totaling 436 billion euros, according to a government blueprint presented on Friday.
- Read more about Energy transition bill at €436 bln
- Log in to post comments
EU chief says China must 'adapt its behaviour' to solve trade row
China must "adapt its behaviour" to solve an escalating tariff row with Europe, EU chief Charles Michel said Friday, warning of the dangers of the dispute escalating into a full-blown trade war.
Subsidies for growth
The idea that subsidies for businesses and development projects should not be distributed through the current process, but as a tax deductions, could contribute to the transparency and effectiveness of state aid.
The aid given to businesses from time to time has not paid off as expected and certainly did not reduce Greece's productive deficit.
- Read more about Subsidies for growth
- Log in to post comments
EU probes into Chinese subsidies and imports
The European Commission obtained the necessary support in a vote to impose duties of up to 45% on imported electric vehicles made in China, as part of the EU's highest-profile probe into alleged Chinese subsidies that has provoked threats of retaliation from Beijing.
- Read more about EU probes into Chinese subsidies and imports
- Log in to post comments