Strategic management

Property auctions will rise to an annual rate of 40,000 as of 2019, according to the European Commission's compliance report, while the planning for this year provides for 10,000 foreclosures.

Online auctions related to overdue debts to the state will begin on May 1, according to an amendment tabled in Parliament on Friday that puts an end to conventional auctions from now on.

A multi-bill stretching to more than 400 pages was submitted to Parliament on Tuesday as the government seeks to tie up the third review, leaving just one more inspection by the institutions before the current bailout program ends in the summer.

A multi-bill stretching to more than 400 pages was submitted to Parliament on Tuesday as the government seeks to tie up the third review, leaving just one more inspection by the institutions before the current bailout program ends in the summer.

The state and the social security funds will begin online auctions of debtors' assets in March, while total debts to the state at the end of November exceeded 100 billion euros according to data published on Monday.

The cost to Greece as a result of the ambivalent stance maintained by the ruling leftist SYRIZA party with regard to the controversial issue of foreclosed property auctions could form the basis of a case study.

There is growing international interest in the acquisition of properties in Greece via online auction and other sales that local banks are resorting to in a bid to reduce their losses from nonperforming loans.

Greece's government came under fire from the conservative opposition on Friday over the resumption of auctions of foreclosed properties.

During a press briefing, New Democracy spokeswoman Maria Spyraki attacked the "insensitive" government for failing to protect vulnerable social groups against auctions.

Greek police have used tear gas to hold back dozens of protesters trying to disrupt foreclosed property auctions that resumed after a hiatus of several months.

Protesters pelted police with trash cans, fire extinguishers and other items at the Athens courthouse where the auctions were taking place Wednesday.

Apartments, plots of land, stores and office buildings belonging to people or businesses with debts to the tax authorities will soon be auctioned at prices below those used for tax purposes ("objective values") as the law dictates foreclosure sales at market rates instead of objective values, as in the case of debts to banks.