Last Wednesday the Greek government tabled an amendment in Parliament to extend incentives for the repatriation of capital from abroad until Dec. 31, 2010.
The amendment also extends to the end of the year, a deadline for payment of tax on capital remaining in banks abroad and replacing part of five-year state securities with 10-year bonds of equal value. The five-year state securities were issued for a share capital increase plan of TEMPME; a fund aimed at offering financial support to SMEs.
The bill also foresees as valid the transfer of a majority stake in Skaramanga Shipyards to Abu Dhabi Mar LLC, or Prininvest Shipbuilding SARL.
(source: ana-mpa)
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