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Athens News Agency: News in English, 08-06-17

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] Gov't discusses measures to curb rising prices
  • [02] Land registry process

  • [01] Gov't discusses measures to curb rising prices

    Measures to curb galloping retail prices were the main focus of an Inner Cabinet meeting chaired on Tuesday by Prime Minister Costas Karamanlis, as the issue has risen to the top of public opinion concerns over the recent period, similar to much of the rest of the Europe.

    Development Minister Christos Folias and Deputy Development Minister for trade George Vlachos briefed the members of the government on the reorganisation of the General Secretariat for Trade, in order to enforce the 41 measures recently announced by the government to discourage unjustified prices hikes.

    "We are proceeding to establish an agency to monitor the market, which will be supervised by the special secretariat and will have inspection, cost-assessment and price-monitoring powers, so that we will be aware of the true situation on the market at any given time and can intervene where necessary in order to impose stiff penalties where there is failure to abide by the laws," Folias said after the meeting.

    He added that the government would seek to put this agency into operation as soon as possible, since its role would be central to carrying out measures against price gouging and continually rising prices.

    Folias underlined that the ministry was making "fast and steady" progress in order to assure consumers that they were not alone in coping with the market but that the state was using all its powers of intervention in order to protect their purchasing power at a time of crisis.

    The minister also stressed, however, that consumer support for the government's measures was vital.

    Caption: ANA-MPA file photo.

    [02] Land registry process

    Greece's long-delayed land registry project, dubbed the Hellenic National Cadastre, got underway on Tuesday when land registry offices began to accept declarations of real estate ownership by property owners. The property registration process will last until September 30 in 107 regions in the prefectures of Attica (the greater Athens area) and Thessaloniki, as well as in prefecture capitals not included in previous national cadastre projects. In less than four years, a total of 6.7 million title deeds will be registered, corresponding to 310,000 hectares of real estate and two-thirds of the country's population. Expatriates will have to register property in Greece until Dec. 30.
    Athens News Agency: News in English Directory - Previous Article - Next Article
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