Greek Prime Minister Kyriakos Mitsotakis' recently announced banking reforms will take effect in mid-January, Finance Minister Kostis Hatzidakis confirmed. The measures, aimed at reducing costs and improving transparency, include zero charges for basic banking transactions, capped wire transfer fees, and incentives to release unused properties into the housing market. Additional initiatives include €200 million in funding for school renovations and a real estate acquisition body, as well as expanded transaction limits through the IRIS payment system. These reforms are part of the government’s broader efforts to reshape Greece's banking and financial landscape.
Tag: Banking Reforms
The Greek Parliament has approved the 2025 state budget, projecting a 2.3% GDP growth for the year. Prime Minister Kyriakos Mitsotakis emphasized fiscal discipline as key to maintaining economic stability. New banking sector reforms include eliminating commission fees for utility payments and fostering greater competition to benefit consumers.