Category: Laws, Regulations & Policy | Page 98 | GTP Headlines

Greek Depositors Allowed to Withdraw Weekly €420 as of Wednesday, July 29

The Finance Ministry on Tuesday announced that Greek depositors and pensioners will be allowed to withdraw the maximum weekly amount of 420 euros per client per bank, from bank tellers or ATM machines, on any day from Wednesday, July 29, until Friday, July 31.

Posted On 28 Jul 2015

, By GTP editing team

Limit Up to 2,000 Euros for Greeks Going Abroad

Greeks traveling abroad will be able to take 2,000 euros for their travel needs, but the ban on cash withdrawals from banks in Greece and abroad via credit or prepaid cards issued by Greek banks is still in place. The 2,000-euro limit does not apply to foreign nationals.

Posted On 27 Jul 2015

, By GTP editing team

Greek VAT Scheme Seeking 2.4bn Euros May Take Toll on Tourism

The Greek government aims through last week’s decision to implement tax hikes across the board to bring a total of 2.4 billion euros to state coffers in the next 18 months.

Posted On 27 Jul 2015

, By GTP editing team

Greek Yachting Professionals Up in Arms Over VAT Hike on Charter Fees

Greece’s yachting professionals are expressing their grave concerns over the government’s recent decision to increase value-added tax (VAT) to 23 percent on charter fees.

Posted On 27 Jul 2015

, By GTP editing team

Food Services at Greek Hotels to Be Taxed Cumulatively

The General Secretariat of Public Revenues has issued instructions to accommodation professionals on how to calculate the newly introduced value-added tax (VAT) imposed on food services.

Posted On 23 Jul 2015

, By GTP editing team

Greek Parliament Votes in Favor of Second Set of ‘Prior Actions’

Greek Parliament on early Thursday approved a bill containing two more prior actions demanded by Greece’s creditors to start talks for a multibillion euro new bailout.

Posted On 23 Jul 2015

, By GTP editing team

Effective Dates of VAT Rate Changes for Tourism-related Services in Greece

The value-added tax (VAT) rates for many basic goods and services in Greece have increased from July 20, 2015, according to a new law recently published in the Greek Government Gazette.

Posted On 21 Jul 2015

, By GTP editing team

Greece to Vote EU Legislation Designed to Prevent Bank Failures

Greece is expected to adopt the European Union’s Bank Recovery and Resolution Directive (BRRD) in another set of legislation to be voted in parliament on Wednesday.

Posted On 21 Jul 2015

, By GTP editing team

euros in ATM

Greek Banks to Reopen on Monday, €420 Weekly Withdrawal Limit Added

The Greek government announced on Saturday that all of the country's banks will open on Monday, July 20, after a three-week “bank holiday”.

Posted On 18 Jul 2015

, By GTP editing team

Greek Prime Minister Reshuffles Cabinet

Prime Minister Alexis Tsipras proceeded with a government reshuffle on Friday and replaced lawmakers who had voted against the first set of prior actions demanded by Greece’s creditors on Wednesday.

Posted On 17 Jul 2015

, By GTP editing team

EU Approves €7.16 Billion Bridge Loan to Greece

The 28 member states of the European Union on Friday approved a short-term emergency loan of 7.16 billion euros to Greece allowing the country to meet a huge payment to the European Central Bank (ECB) and repay the International Monetary Fund (IMF).

Posted On 17 Jul 2015

, By GTP editing team

South Aegean Prefect Slams Government for Abolishing Reduced VAT Rate on Greek Islands

South Aegean Prefect George Hatzimarkos on Thursday slammed the government for agreeing to axe the reduced value-added-tax (VAT) rates that apply on the Greek islands.

Posted On 17 Jul 2015

, By GTP editing team

ECB Raises Funding for Greece By €900 Million, Greek Banks Expected to Reopen Next Week

The European Central Bank has decided to raise financing through the Emergency Liquidity Assistance (ELA) mechanism for Greece by 900 million euros, ECB president Mario Draghi said during a press conference in Frankfurt on Thursday.

Posted On 16 Jul 2015

, By GTP editing team

Greek Parliament Votes in Favor of Bailout Deal

The Greek Parliament on early Thursday approved an omnibus draft bill which includes the prior actions demanded by Greece's creditors in exchange for a multibillion euro new bailout.

Posted On 16 Jul 2015

, By GTP editing team

Mayor Kaminis on CNN: Tourism in Athens will ‘Take Off’ if Situation in Greece Returns to Normalcy

Tourism in Athens will 'take off' if the situation in Greece returns to normalcy, Athens Mayor Giorgos Kaminis told CNN's Hala Gorani on Tuesday during an interview for the "World Right Now" show.

Posted On 15 Jul 2015

, By GTP editing team

Greek PM: A VAT Hike On Tourism is Irrational

Raising the Value Added Tax (VAT) on restaurants and tourism is irrational, Greek Prime Minister Alexis Tsipras said on Tuesday night during an interview to state broadcaster ERT.

Posted On 14 Jul 2015

, By GTP editing team

Minister Stathakis: Banks in Greece Will Not Open This Week

Banks in Greece will open again once the European Central Bank (ECB) resumes its financing through the Emergency Liquidity Assistance (ELA) mechanism, Greek Economy, Infrastructure, Tourism and Shipping Minister George Stathakis told Bloomberg on Tuesday.

Posted On 14 Jul 2015

, By GTP editing team

Greece’s Third Bailout: Euro Summit Statement

Greece has agreed to tough reforms after marathon talks with eurozone leaders in return for a three-year bailout ended in the early morning of July 13.

Posted On 13 Jul 2015

, By GTP editing team

Tedious Visa Procedures Sends Turkish Travelers Away From Greece

Eastern Macedonia and Thrace Prefect Giorgos Pavlidis recently stated that thousands of tourists are being turned away due to the time-consuming procedure, which is leading to a loss in revenue and business.

Posted On 13 Jul 2015

, By GTP editing team

Eurozone Leaders Reach Agreement on Greece

“EuroSummit has unanimously reached agreement. All ready to go for ESM program for Greece with serious reforms and financial support”, EU President Donald Tusk tweeted on Monday morning after marathon talks over a third bailout for Greece.

Posted On 13 Jul 2015

, By GTP editing team

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