Greek daily news

Greek Daily News 14/12/2023

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ECONOMY

-Cash payments in excess of 500 euros will carry hefty fines, which can reach up to twice the value of the transaction, according to a new tax law which also prohibits the purchase of property with cash. The entire transaction must be done through a bank.

-Insurers are unveiling new hikes in car insurance premiums of between 3% to 6% for 2024, Kathimerini reported.

-A total of around 15 billion loans are expected to come to the market in 2024 through securitizations or other means (sales, etc.) while loans of 3-4 billion euros will be transferred to the secondary market, Naftemporiki reported.

-The Greek unemployment rate increased by 10.8% in Q3 2023 according to the results of the Labour Force Survey, the Hellenic Statistical Authority (ELSTAT) said.