The government is eyeing billions of euros in revenues from unused assets and properties, with the Finance Ministry intending to sift through a series of cases that could serve to replenish state coffers.
Alternate Finance Minister Christos Staikouras appointed on Thursday three university professors for the investigation of the respective assets: inactive deposits, national legacies and vacant inheritances.
According to a 1942 law, any bank accounts that remain idle for more than 20 years are deemed inactive and their deposits come under the state’s ownership. Their current level is not known.
Legacies to the state number about 11,000 and have an estimated value of 10 billion euros in total. In the long term they could fetch about 2 billion euros per year. Unused inheritances number about 3,000 and add up to some 4 billion euros. Most of the legacies and inheritances remain idle as the processing of a vacant inheritance by its Finance Ministry-appointed guardian can take over 30 years. A big problem has been that guardians are appointed from a list that is not updated, and the guardian’s work is not evaluated.
A 51-year-old woman was stabbed to death in Agrinio, western Greece, by her 18-year-old son, police said.
According to initial reports, mother and son argued when the former asked the latter...
A fire that broke out in a cafeteria in Glyfada, southern Athens, in the early hours of Wednesday, came under control later in the day by a unit of 27 firefighters operating 9 fire engines. ...
Germany's Bjoern Otto recorded the world's leading performance in the men's pole vault at the Athens Street Pole Vault event that took place at Zappio, in central Athens, on Saturday afterno...
PAS Giannina upset PAOK at Thessaloniki on Sunday to take the lead at the Super League play-offs, while Asteras Tripolis rebounded from its loss at Ioannina in midweek to defeat Atromitos at...
One of the biggest problems dragging the Greek economy down is the pressure placed on entrepreneurs aspiring to do business in sectors dominated by the “pirates” and “pimps” of the business ...
Greek taxpayers have had to pay dozens of millions of euros for the restoration and conservation of the capital’s landmark buildings, including Athens Polytechnic and the so-called neoclassi...
