Government considers exempting new deposits from capital controls

13 May 2016
473 Views

Plans are being drafted in order to exclude new bank deposits from the capital controls which were imposed last summer, in an effort to boost domestic businesses – especially in the tourist sector – and to encourage the return of capital.

The government is preparing these plans at the recommendation of the European Commission. Such an exemption was also introduced in Cyprus when capital controls were imposed and is estimated to have greatly benefited the country’s recovery.

Although there has been a relaxation of some of the capital controls introduced in Greece in the summer of 2015, many still remain in place and affect the operation of businesses.

You may be interested

Anarchists block roads in downtown Athens & clash with police forces (videos)
GREECE
shares24 views
GREECE
shares24 views

Anarchists block roads in downtown Athens & clash with police forces (videos)

makis - Feb 25, 2020

Clashes took place between anarchists and anti-riot police in the afternoon at Patision, outside the Economic University. A few minutes…

Four romantic Greek destinations for every season
GREECE
shares1550 views
GREECE
shares1550 views

Four romantic Greek destinations for every season

Panos - Feb 25, 2020

Winter in the heart of Epirus? Spring in the mythical land of the Centaurs? Summer on the matchless beaches of…

Dramatic video shows Porsche crashing into barrier
GREECE
shares64 views
GREECE
shares64 views

Dramatic video shows Porsche crashing into barrier

Panos - Feb 25, 2020

A dramatic video shows the moment a Porsche driver loses control of his car, crashing into barriers on a California…

Leave a Comment

Your email address will not be published.