capital controls

The recent batch of measures taken by Greece's government will, to a large extent, solve the problems faced by businesses due to the imposition of capital controls, Deputy Finance Minister Dimitris Mardas said on Sunday. Appearing on Greek TV, Mardas said that the...

A new ministerial decision regulating certain problems that emerged after capital controls were imposed on Greek banks, will facilitate money transfers for businesses. However, the decision did not include measures about checks. According to a senior official in the Greek...

In a meeting on Friday, the Bank of Greece (BoG) along with Greek government representatives agreed to give businesses a breath of air. Many imports to Greece have been held up as Greek businesses have been unable to pay them due...

"What Greece needs now, more than ever, are tourism dollars — so don’t cancel your trip just yet," Condé Nast Traveler advises. Prominent travel website Condé Nast Traveler followed the Guardian’s footsteps and invited readers to visit Greece despite the crisis...

The taverna Angelos in the Haidari neighborhood of Athens is the first Greek restaurant that accepts bitcoin for payment. In fact, now that capital controls are imposed, the owner offers a 20 percent discount to customers who choose to...

According to reports, the European Central Bank (ECB) Governing Council decided on Wednesday to raise Emergency Liquidity Assistance (ELA) to Greek banks by another 900 million euros. The ECB had raised the ELA cap by the same amount a week ago. If...

Greek banks reopened on Monday after a three-week shutdown and imposition of capital controls. However, capital controls are still in effect with a 60-euro daily limit in withdrawals. Basic services will resume in banks but account holders cannot withdraw money from credit...

The National Confederation of Hellenic Commerce President Vasilis Korkidis said that 60,000 companies have submitted requests to move their headquarters to Bulgaria due to the capital controls that have been imposed in Greece since June 28. During an interview with SKAI TV, Korkidis stated that the Greek government has been unable to...

Capital controls have been imposed in Greece for three weeks. However, the cost of this time period to the Greek economy is estimated to be around 3 billion euros. According to Greek newspaper "Kathimerini," this financial regime has hurt a number...

After Deputy Finance Minister Dimitiris Mardas announced that banks will open on Monday, the Greek government issued a Legislative Content Act that delineates the new rules and restrictions for capital controls. Though the daily withdrawal limit will remain at 60 euros per...