Despite the growing trend of electronic payments, 50% of Greek consumers still prefer cash for daily transactions, the highest preference rate in the Eurozone. This is driven by factors like privacy, better expense control, and the immediate nature of cash transactions. While digital payments are increasing, cash remains crucial for many, especially vulnerable groups, raising concerns over tax evasion.
Tag: government measures
The Greek government is expected to announce new measures today aimed at protecting minors on social media. The reforms, targeting users under 15, will include parental control tools, an age-verification system, and upcoming legislation in collaboration with tech companies.
Greek banks are bracing for a possible financial hit of approximately €100 million ($105 million)…
Greece is on track to hit a record-breaking €22 billion in tourism revenue for 2024, surpassing last year’s high of €20.6 billion, according to Tourism Minister Olga Kefalogianni. With Greece ranking among the top 10 global travel destinations, the booming sector remains a key economic driver. However, a housing shortage has led the government to announce stricter regulations on short-term rentals in central Athens.
Greece has unveiled a set of financial incentives and tax breaks aimed at addressing its declining birthrate, one of the lowest in Europe. Despite investing about one billion euros annually in pro-child initiatives, the country recorded its lowest birthrate in 2022. Experts remain skeptical about the effectiveness of these measures and emphasize the need for broader structural improvements to tackle the underlying issues.
The government is exploring new tax incentives and regulations to promote long-term rentals over short-term rentals, including potential increases in tax rates for short-term income and limits on the number of properties that can be rented short-term. Expected decisions in September may impact property owners and rental markets significantly
Starting July 1st, consumers in Greece will confront a daunting 20% hike in electricity rates,…
Development Minister Kostas Skrekas expressed optimism following a Eurostat flash estimate that forecast a reduction…
The government of Cyprus has unveiled a package of measures aimed at rebuilding trust with…