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E.Tsiliopoulos

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Tax incentive for hedge funds from London, Asia and the Middle East to turn Athens into an investment hub

A new and… attractive tax framework aimed at drawing executives who manage alternative investment funds to Greece is being introduced by the Ministry of National Economy and Finance through the omnibus bill submitted to Parliament. The new provisions concern hedge funds, private equity funds and alternative investment funds (AIFs) and form part of a broader plan to create an investment hub based in Athens. The goal is to attract fund managers, investment teams and highly specialized professionals from London, the Middle East and Asia, while simultaneously creating an ecosystem of legal, auditing, tax, banking, custody, advisory and technology services around investment management.

Renewed airspace violations by Turkish aircraft

Greek fighter jets have intercepted three Turkish aircraft after they carried out seven airspace violations and five infringements of the Athens Flight Information Region over the Aegean, the Hellenic National Defense General Staff has said, the second consecutive day of incursions following armed F-16 and drone activity reported Tuesday.