x

Economy

Greece Halts Golden Visas for Russian Investors, Under EU Sanctions

February 28, 2022

ATHENS – Agreeing to toughened European Union sanctions over Russia’s invasion of Ukraine, Greece has suspended issuance of Golden Visas to wealthy Russian investors.

Those come with EU passports for foreigners wealthy enough to invest in at least 250,000 euros ($280,215) in property, the lowest threshold across the bloc to qualify, Greece eagerly seeking cash after dealing with a near decade-long economic and austerity crisis.

In January, the Ministry of Migration and Asylum said that since the program began in 2013 that 9,473 main applicants given the visas as well as 28,411 of their family members, said the site Get Golden Visa.

The overwhelming majority of the main applicants and dependents – 6,267 = were from China, with 605 Turks next and then 576 Russians, with Greece and Russia also having historically close ties.

The New Democracy government has been seeking more foreign investors to accelerate a slow recovery from the COVID-19 pandemic that now has entered a third year, seeing cases falling.

 

RELATED

ATHENS - A year after a head-on train crashed killed 57 people and no prosecutions nor reported progress in a secret investigation, families of victims have demanded immunity be lifted for lawmakers and ministers The Association of Relatives of the Victims of the crash at Tempe near the central city of Larissa said it will send a petition to Parliament demanding legislative action to lift ministers’ and MPs protection from prosecution.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

By Defining Sex, Some States Are Denying Transgender People Legal Recognition

TOPEKA, Kan. (AP) — Mack Allen, an 18-year-old high school senior from Kansas, braces for sideways glances, questioning looks and snide comments whenever he has to hand over his driver's license, which still identifies him as female.

NEW YORK (AP) — Jalen Brunson missed a 3-pointer, eventually got the ball back and passed it to Josh Hart for the go-ahead basket.

TOPEKA, Kan. (AP) — Mack Allen, an 18-year-old high school senior from Kansas, braces for sideways glances, questioning looks and snide comments whenever he has to hand over his driver's license, which still identifies him as female.

WASHINGTON (AP) — Treasury Secretary Janet Yellen on Tuesday offered her strongest public support yet for the idea of liquidating roughly $300 billion in frozen Russian Central Bank assets and using them for Ukraine's long-term reconstruction.

NEW YORK (AP) — Macy's will close 150 stores, 50 this year it said Tuesday, after posting a fourth quarter loss and declining sales.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.