Government considers exempting new deposits from capital controls

13 May 2016
718 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

PM Mitsotakis cites Greek Constitution to back mandatory vaccinations
GREECE
shares16 views
GREECE
shares16 views

PM Mitsotakis cites Greek Constitution to back mandatory vaccinations

makis - Jul 23, 2021

Prime Minister Kyriakos Mitsotakis cited the Greek Constitution in response to those opposing mandatory Covid-19 vaccination during his meeting with…

Who Has Spent The Most Time In Space? (infographic)
WORLD
shares28 views
WORLD
shares28 views

Who Has Spent The Most Time In Space? (infographic)

Panos - Jul 22, 2021

As Russia celebrates 60 years since Yuri Gagain became the first person to orbit the Earth, the state of space travel looks…

What Do Americans Think Of Famous Billionaires? (infographic)
FINANCE
shares30 views
FINANCE
shares30 views

What Do Americans Think Of Famous Billionaires? (infographic)

Panos - Jul 22, 2021

Hot on the heels of fellow billionaire Richard Branson, Amazon founder Jeff Bezos is set to blast into space. He…

Leave a Comment

Your email address will not be published.