Law and economics

Minimum wage raises of approximately 2.5% to 3% stem from the new formula of the Labor Ministry bill that will be implemented after 2028, according to estimates by economic analysts.

The estimates are based on the historical data of the Greek economy on productivity. If this were to accelerate significantly, it could ensure a better result.

“We can continue our country’s struggle for development, expansion & empowerment”

The residential property market of Athens ranks fourth among numerous European cities in terms of how attractive it is as a destination for investors interested in exploiting real estate, according to data prepared by investment company ProfitLevel.

For companies in Slovenia, making informed decisions about their office space is a difficult task. Typically, there are no estate managers in Slovenian companies, and the job normally goes to someone ill-equipped with little relevant experience, who struggles to make the right decision.

The Finance Ministry intends to extend the suspension on rental payments for companies forced to remain closed into March. This will mostly concern enterprises in food service and tourism.

As of Monday, the Hellenic Land Registry website www.ktimanet.gr is to start posting cadastral data for the Municipality of Athens. Authorities are calling on more than half a million citizens who have declared ownership of properties within the municipality to check the accuracy of the data recorded ahead of its finalization.

The Government endorses the increase of minimum wage, but it doesn't want this increase to cause "negative economic consequences," Prime Minister Ludovic Orban has said on Thursday, adding that he also wishes for pensions to increase, while bringing to mind that the pensions fund has a deficit of more than 2 billion lei at this point.

A 35-year-old woman in Thessaloniki has been accused of defrauding prospective tenants by renting them an apartment in the city center that she did not own.
More specifically, the suspect put the apartment up for rent on residential rental websites. According to reports, she conned a total of four people, who gave her down payments for the apartment between September 23 and 29.

Under a new draft bill submitted to public consultation this week, the government seeks to clear a number of environmental and zoning hurdles from the path of "strategic investments" and facilitate the legalization of unlicensed constructions and additions by offering financial incentives.

People in Bulgaria are increasingly choosing a home instead of an apartment for their new home. At least such a trend has been observed in recent statistics on commissioned dwellings. It turns out that between April and June, two out of every three commissioned new residential buildings are houses.