Displaying items by tag: Greece

A gentlemen’s agreement was reached by the government and the bankers to reduce the auction’s value threshold to 50,000 euros, perhaps even lower. In recent years there has been an informal gentlemen’s agreement between governments and banks, with the former pushing the latter to keep the informal boundaries as high as possible for social reasons.

Greek economic growth will accelerate in the coming years, the Bank of Greece said in its interim report on Monetary Policy which was released on Monday.

Slashing VAT on tourism from the current 24 percent to 13 percent with the aim of reaching 11 percent is the top priority of newly elected tourism minister Harry Theocharis.