Cyprus’ securities regulator on Friday imposed a 650,000-euro fine on Germany’s Commerzbank for transactions ordered by a now defunct local bank whose demise featured in a financial crisis which roiled the country in 2013.
The acceleration of the state’s digital transformation through the Gov.gr platform has brought to the surface two rather unknown aspects, according to people who are closely following this venture.
The advance of the residential property market halted in the second quarter of the year, due to the coronavirus restrictions, resulting in asking prices remaining virtually unchanged from the first quarter, according to data from the Spitogatos Property Index (SPI) compiled by the spitogatos.gr property ads website.
Appearing to heed growing calls for children of separated parents to be raised by both the father and the mother, Justice Minister Kostas Tsiaras has set up an 18-member committee headed by a former Supreme Court prosecutor to reform existing legislation.
After the successful auctioning of 26-week treasury bills on Wednesday, settled on Friday with the raising of 812.5 million euros, the Public Debt Management Agency (PDMA) on Friday announced that next week, on July 8, it will also auction 13-week T-bills to raise another €625 million.
Prime Minister Kyriakos Mitsotakis (l) and Lamda Development CEO Odisseas Athanasiou on Friday attended a ceremony to mark the beginning of construction work on a major investment project at Elliniko, the former site of the Athens airport on the capital’s southern coast, nine years after the country launched its first tender for the sale and long-term lease of the vast plot. Lamda Development plans to turn the site into a complex of luxury residences, hotels, a yachting marina and casino at a total cost of about 8 billion euros. Mitsotakis hailed the launch of ‘the country’s most emblematic investment’ project despite the difficult economic climate. [Alexander Beltes/EPA]
Manufacturing is able to offer great benefits to the Greek economy, as long as the state understands its problems and helps in the creation of a friendlier environment, said Michalis Stasinopoulos, head of the Athens-listed Viohalco group and president of Hellenic Production – Industry Roundtable for Growth.
The German media has recorded some confusion created by the new Passenger Locator Form (PLF) that travelers to Greece need to fill in advance.
The food sector showed its strength during the pandemic, with Greek exports gaining ground and creating the necessary conditions for their further penetration of international markets.
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