x

Economy

Greece Launches E-Platform for Mortgage-Loan Subsidy Program

ATHENS — The Greek finance ministry on Monday launched the operation of a digital platform for applications to the "Bridge" program, which subsidizes mortgage loans on primary residences for individuals and businessmen hit by the coronavirus pandemic.

Applications will be accepted until September 30 in the digital platform of the Private Debt Management Special Secretariat. The program offers a state subsidy for a total of nine months, covering up to 90 pct of a monthly loan tranche (up to a ceiling of 600 euros) in the first quarter, 80 pct in the second quarter and 70 pct in the third quarter. The program is designed to reward conscientious borrowers hit by the pandemic, limiting the risk of creating a new generation of non-performing loans, supporting a payment culture and strengthening social cohesion. Borrowers included in the program are obliged to keep up with consistent payments of their loan after the nine-month subsidy period.

 

RELATED

ATHENS - A permit has been issued for the construction of the Riviera Tower, the tallest building in Greece, to be erected at the Ellinikon in coastal Athens by Lamda Development, it was reported on Saturday.

Top Stories

Columnists

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

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

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

Greek-American Cornell Student Rescues Man on Subway Tracks in the Bronx

NEW YORK – Greek-American Cornell University senior Bryce Demopoulos rescued a man who had fallen on the subway tracks at the Third Avenue-138 Street station on the No.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

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