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high housing costs prompting thousands to disclaim inheritance | business

thousands of properties are coming into the state’s possession not because they’re bogged down in debt, but simply because the people who inherit them are opting to give up the titles. according to real estate experts, more than 135,000 inheritances were disclaimed in 2017, because the beneficiaries were unable to pay the inheritance tax or they found the future financial demands of the property unbearable.the slump in the real estate market, in combination with the fact that many properties are suffering from neglect, meanwhile, are making it even harder for those who may be hoping to find a buyer before accepting their inheritance.“property has become a burden,” says babis haralambopoulos, a certified valuer, scientific cons...




kurz: eu must stop turkey accession talks ‘immediately’ | comment

austrian chancellor sebastian kurz speaks during a media conference at eu headquarters in brussels, last month. the european union should immediately terminate accession negotiations with turkey, austrian chancellor sebastian kurz tells kathimerini in an interview while expressing vienna’s support for the name deal between greece and the former yugoslav republic of macedonia (fyrom).kurz says that migration and external border protection are high on the agenda of the austrian presidency of the council of the eu, adding that vienna will not accept decisions that will increase austria’s burden.according to the austrian chancellor, the eu should withdraw from areas that are better handled on a national or regional level. kurz is finally...




dozens of attica beaches found unfit for swimming | news

seventy-one out of 323 beaches inspected by the panhellenic center for ecological research in the greek capital’s attica region were found unfit for swimming, with low cleanliness scores going to popular spots like loutsa, oropos and schinias.researchers with the center, which is a member of the united nations environmental program, checked the waters at 323 beaches for enterococci, e-coli and fecal coliforms, as well as for pollution from household detergents, mineral oils and phenols.from the samples, they deemed that bathing is dangerous at the following beaches: e...




athex: moderate rise on low trading | business

the week at the athens stock exchange got off to a quiet start with a few buyers and no sellers, while more than half of the trading volume concerned pre-arranged deals. turnover this july bears more resemblance to that which would normally be expected in august, the traditional holiday month, so one can only wonder what levels it will sink to then.the athens exchange (athex) general index ended at 765.71 points, adding 0.50 percent to friday’s 761.91 points. the large-cap ftse-25 index expanded 0.30 percent to 2.029.51 points, and the mid-caps index improved 1....




cross-checking airbnb takings | business

the greek tax mechanism has planned random checks with the aim of identifying taxpayers with revenues from short-term property rentals through online platforms. due its current inability to cross-check the data, the tax officers will go undercover posing as guest-clients in a bid to establish whether revenues are declared.at this stage the inspections are relying on the money deposited through websites such as airbnb, booking.com, homeaway etc. once the online platform of the independent authority for public revenue is activated, it will check whether the amounts that ought to be declared are compatible with the deposits. in cases of discrepancies fines can reach up to 5,000 euros. all contracts signed after january 1, 2018 will have to be d...




fresh warning from sev on gov’t promises | business

industrialists are calling for particular attention to what the government has agreed with its creditors, stressing that “the markets ask for greater credibility in exercising financial policy.”in its monthly bulletin on financial activity, sev discerns fatigue in consumer and business confidence data in recent months which leaves no room for misinterpretation.furthermore, the course of the markets – be it the greek stock exchange, the state bond market or the meager upgrades by rating agencies – is not proportionate to the conclusion of the third bailout program and the potential access of the state...




aegean features among the world’s top journeys | business

a trip around the aegean is one of the best 50 journeys of a lifetime, according to international tour operator flight network.the route selected in "the...




dozens of migrants intercepted off greek islands | news

a group of 57 undocumented migrants were intercepted off the coast of the eastern aegean island of lesvos and brought to shore early monday morning by coast guard officials and frontex.according to reports, the boat carrying the migrants was first seen by a frontex vessel. the 33-year-old skipper of the boat was arrested.meanwhile, another 56 migrants were being temporarily hosted in a municipal gymnasium in...




travel takings grow 13.2 pct y-o-y in q1

travel receipts amounted to 554 million euros in the first quarter of the year, up...




suspect, 34, arrested for illegal possession of antiquities in northwestern greece | news

police said monday that a 34-year-old man has been arrested in the town of mytikas, near preveza in northwestern greece, for the illegal possession of antiquities hidden on his property.working on a tip, authorities raided the suspect’s home on saturday and seized a large fragment of a...




lawyers assault referee in northern greece | news

a referee officiating a soccer match in the northern greek town of kozani between teams of the bar associations of athens and thessaloniki was physically assaulted after awarding a penalty shortly before the end of the ...




police arrest 28 in athens-area drug sweep | news

sweeping police raids monday and sunday in the area of amerikis square in athens led to the arrest of 28 drug-dealing gang members, all foreign nationals.the raids were the culmination of a months-long investigation and police said they are looking for another 11 suspects....




fyrom pm reignites tension over alleged russian meddling in name deal | news

as athens seeks to defuse tensions with moscow over its expulsion last week of russian diplomats, the prime minister of the former yugoslav republic of macedonia, zoran zaev, brought the issue back to the fore on monday, accusing greek businessmen “sympathetic to the russian cause” of paying large sums of money to his country’s citizens to commit acts of violence ahead of the referendum on the name deal struck with greece last month.speaking to buzzfeed, zaev said his government received a series of reports that people were paid amounts ranging from 13,000 to 21,000 us dollars. he also said that he asked, in private, for help with the referendum to change fyrom’s name to north macedonia from us president donald trump at last week’s...




poedin blames tsakalotos for police violence | news

the national union of public hospital workers (poedin) has blamed finance minister euclid tsakalotos for what they described as a vicious attack by riot police units against union members during a protest outside the finance ministry over ongoing austerity. "they took the law in their own hands. they attacked us with kicks and their shields just like in a totalitarian regime,” the union said, adding that they fired teargas at them “at point blank” creating respiratory and eye problems to protesters and an ambulance was called in to offer treatment...




war of words over loan by family of greek pm | news

a loan settlement for a company belonging to the siblings of prime minster alexis tsipras has prompted an acrimonious war of words with new democracy.the claim was made by the right-leaning parapolitika paper, which claimed that dimitris tsipras and zanet tsipra’s diodos company received preferential treatment to settle a loan of 243,544 euros.“how is it that a company which by chance...




corinth canal bridge being repaired | multimedia

tags:transportwork began monday to raise a submersible bridge connecting the peloponnese to the greek ...




athex: moderate rise on low trading | business

monday july 16, 2018 business | greek editionclassifiedssubscriptionsfavoritesno favoritestwitterfacebookterm  business 22:03 athex: moderate rise on low tradingtags:stocksthe week at the athens stock exchange got off to a quiet start with a few buyers and no sellers, while more than half of the trading volume concerned pre-arranged deals. turnover this july bears more resemblance to that which would normally be expected in august, the traditional holiday month, so one can only wonder what levels it will sink to then.the athens exchange (athex) general index ended at 765.71 points, adding 0.50 percent to friday’s 761.91 points. the large-cap ftse-25 index expanded 0.30 percent to 2.029.51 points, and the mid-caps...




nd demands answers about tsipras's brother's company | news

the press spokeswoman for conservative new democracy, maria spyraki, on monday called for answers regarding a public works project apparently granted to a relative of prime minister alexis tsipras on the basis of fake documents.in a statement, spyraki noted that the technical company diodos, belonging to the tsipras family, was granted a project worth 1.1 million eur...




two injured on corfu as locals protest landfill | news

two people were injured monday during clashes between riot police and corfu residents protesting a decision by local authorities to operate a landfill on the ionian island.riot police used tear gas to disperse protesters who tried to stop garbage trucks from reaching the lefkimmi landfill. one man was taken to hospital after falling unconscious, while a 10-year-old boy was transferred t...




tzanakopoulos: case with expelled russian diplomats 'closed' | news

in comments to real fm on monday, government spokesman dimitris tzanakopoulos said athens considered the issue regarding the expulsion of russian diplomats from greece to be resolved."we took the measures we needed to take and at the moment we consider the matter to be finished," he said.describing the affair as "sensitive," tzanakopoulos noted that the government has always been independent in forming its foreign policy which he described as "multi-faceted."he repeated that a...