The total amount of “red loans” (non-repayable by bad debtors) transferred to loan management (settlement) companies in the second quarter of the year amounted to just under 90 billion euros, which means a slight decrease of 695 million euros compared to the previous quarter of this year. According to data released by the Bank of […]
Greece’s finance ministry is working on a plan to protect the primary residence of households deemed financially vulnerable, ahead of the resumption of auctions in early June. The plan stipulates that the state will subsidize mortgage tranches in accordance with protection principles that will apply once the state-owned property acquisition agency is operational. The goal […]
Thousands of Greek citizens in arrears will have a new opportunity to receive installments of their debt, breaking the total payments into 100 and 120 payments. This applies to taxpayers who meet the criteria for inclusion in the assistance program, but did not make the first installment or did not submit the required applications by […]