GREEK NEWS

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GREEK NEWS

Greek government tables draft law to create Development Bank

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Greek Economy & Development Ministry tabled a draft law in Parliament on Monday envisaging the transformation of the Hellenic Fund for Entrepreneurship and Development (ETEAN) into a Development Bank, to support investment programs and projects with environmental and development dimensions. The Bank’s strategic target will be to promote cyclical economy policies, deal with the consequences…
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GREEK NEWS

Bank of Greece: Demand for loans slightly up in first quarter of 2019

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Demand for loans to non-financial corporations (NFCs) and households increased somewhat in the first quarter of 2019 compared with the fourth quarter of 2018, the Bank of Greece said in a report released on Tuesday, especially regarding long-term loans for large enterprises, due to increased financing needs for fixed investments and debt refinancing/restructuring. During the…
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GREEK NEWS

AADE: Real estate transactions jumped 42 pct in 2018

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Real estate property transactions jumped 42 pct in 2018, totaling 26,700 compared with 18,800 in the previous year, offering strong signs of a revival in the domestic real estate market, the Independent Authority for Public Revenues (AADE) said in a report. Short-term property leases (Air-bnb type) and very low property prices, combined with the introduction…