Mr. Hatzidakis: For another year the suspension of VAT on new buildings | 5 initiatives of the Ministry of National Economy and Finance for real estate

The actions of the Ministry of National Economy and Finance to be implemented in 2024 for real estate presented the Minister, Kostis Hatzidakis, speaking today at the 41st Panhellenic Conference of Property Owners. Hatzidakis stressed that the objectives of the government’s policy in this sector are the balance in the housing market by increasing the […]

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Independent Authority for Public Revenue (IAPR) turns its attention to events | Massive controls, 9 padlocks and 61% delinquency

Extensive checks were carried out throughout Greece, from early Saturday evening until the early hours of Sunday morning, by auditors of the Independent Authority for Public Revenue (IAPR). The target of the business was halls, where events with many participants are held (baptisms, weddings, club pies, etc.). The checks were carried out simultaneously in Attica, […]

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Golden Visa foreign investors turn to buy cottage properties in Crete, Rhodes and Halkidiki

An increase in demand for cottage properties by foreign buyers of Golden Visa, in areas around the urban centres of Crete, Rhodes and Halkidiki, according to the latest analysis by Elxis-At Home in Greece. This increase is due to the changes made to the “Golden Visa” programme, which resulted in a shift of investors to […]

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Golden Visa Investors Turn to the Holiday Home Market in Crete, Rhodes and Chalkidiki

The latest analysis by Elxis-At Home In Greece identifies an emerging trend in the holiday home market, with a marked increase in demand for holiday homes by Golden Visa investors. This rise in demand is mainly attributed to the recent changes in the Golden Visa program in Greece, which turned investors’ attention to other parts […]

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tui

TUI Group with significant increase in earnings: travel group profitable again in the 3rd financial quarter

ALL SEGMENTS WITH POSITIVE OPERATING DEVELOPMENT, HOTELS & RESORTS ABOVE PRE-CRISIS LEVEL FOR THE FIFTH CONSECUTIVE QUARTER – BOOKING LEVELS FOR THE SUMMER REMAIN STRONG – GROUP CONFIRMS EXPECTATION OF SIGNIFICANT INCREASE IN UNDERLYING EBIT FOR THE FULL YEAR -TUI back in profit in Q3 for the first time since the start of the pandemic: […]

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heraklion

HRADF: Two offers for the development of Heraklion Port Authority

Τhe Hellenic Republic Asset Development Fund (HRAF), a member company of GROWTHFUND – The National Fund of Greece, received today, Monday, April 24, 2023, two (2) offers for the acquisition of a majority stake of at least 67% of the share capital of the company “Heraklion Port Authority” (HPA S.A.). Offers were submitted by the […]

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Winter 2023 Economic Forecast: EU economy set to avoid recession, but headwinds persist

Almost one year after Russia launched its war of aggression against Ukraine, the EU economy entered 2023 on a better footing than projected in autumn. The Winter interim Forecast lifts the growth outlook for this year to 0.8% in the EU and 0.9% in the euro area. Both areas are now set to narrowly avoid […]

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Mabrian: Best value for money European tourist destinations

Zagreb (Croatia) and Ljubljana (Slovenia) lead the ranking of cities with a higher degree of visitor satisfaction. The large European capitals drop positions due to their high hotel prices and due to a low value placed by visitors on the tourist offer in the destinations. The study analyzes air connectivity, the average hotel price, and […]

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tui

TUI accelerates repayment of Corona aid and resolves cash capital increase

TUI continues to execute its goal of rapidly deleveraging the Group, reducing interest costs and further reducing Corona state aid. The Corona state aid received in the pandemic is to be returned as quickly as possible and in sequence. TUI’s Executive Board and Supervisory Board have therefore today resolved to launch a capital increase against […]

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UBS: Global house price boom amplifies bubble risks

The UBS Global Real Estate Bubble Index 2021, a yearly study by UBS Global Wealth Management’s Chief Investment Office, indicates that the bubble risk has on average increased during the last year, as has the potential of a severe price correction in many of the cities tracked by the index. Frankfurt, Toronto, and Hong Kong […]

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