November 29, 2019


With Greece currently on a steady track to economic recovery, now is a good time to aim your next investment plans at the Mediterranean country. To help you decide which investment best suits you, we’ve listed the pros and cons of investing in real estate and foreign...

November 29, 2019

Real estate investment company (REIC) Briq Properties said that its 50 million euro rights issue will considerably boost the company's free-float market capitalization, making the share more attractive to investors.


REICs that are listed on the Athens bourse have low f...

November 28, 2019

National Bank of Greece (NBG), the country's second biggest lender, has sold its Cyprus subsidiary as part of plans to sell off international operations and improve its capital position.

​NBG said that it has signed a definitive agreement with AstroBank Limited for...

November 27, 2019

Airbnb-type platforms that refuse to share information about their clients with the Greek tax office on properties listed in the country could face fines of up to 100,000 euros, as part of a crackdown by the government on the sector.

A bill tabled in parliament said tha...

November 26, 2019

Lamda Development will build 10,800 apartments at the Hellinikon complex, in what will be a major test for Greece's recovering residential housing market.


Strong demand from foreign buyers seeking to take advantage of low prices and Greece's Golden Visa program has dri...

November 26, 2019

Real estate investment company (REIC) Briq is moving ahead with a 50 million euro share capital hike next month but investors on the Athens bourse are cool on the sector, one of the Greek economy's hottest growth markets.

Briq, which belongs to IT group Infoquest, plans...

November 25, 2019

The working life of Greeks has grown slightly to 33 years but remains well below the EU average and countries such as Sweden, says Eurostat.

The method adopted by Eurostat forecasts the number of work years that a 15-year-old has ahead after entering the workforce in 20...

November 25, 2019

Lamda Development, the company building Greece's eight billion euro Hellinikon complex, expects to complete a 650 million euro rights issue before Christmas as part of plans to raise funds for the project.


Speaking to journalists on the sidelines of the company's extra...

November 22, 2019

Galaxias, one of Greece's smaller supermarket chains, is planning to spend 40 million euros on expansion plans by 2021.


The company currently has a 160 store network across Greece and owns 80 percent of the properties it has branches in. Its property portfolio is value...

November 21, 2019

A decision by Greece to suspend VAT on new buildings is likely to increase the country's large shadow economy and may not be in line with EU law, according to the European Commission.
 

Greece announced recently that it will freeze the 24 percent VAT paid on new buildin...

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