Archive for the ‘Finances/economy’ Category

Capitol control

After three years and three months, Greece will lift the cap on cash withdrawals as of 1. October 2018. It herewith completes the so-called “second pillar” of Capital Controls imposed in the country the end of June 2015. However, some restrictions will remain with regards to the transfer of money abroad and withdrawing money abroad.

For the rest of the article see: capital control


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Piraeus bank on Skopelos is closing, unfortunately. Due to cutbacks in personnel throughout Greece this branch office of Piraeus bank will close on the 10th of October. There is a branch office in Skiathos.

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I have made a mistake in assuming that all banks take a commission if you withdraw money from their ATM. It doesn’t depend on the ATM of the bank that you use but on the bank that you withdraw the money from. I am sorry if I caused confusion. So if you have your National Bank of Greece card and you withdraw money from a ATM of the National Bank of Greece you will not be charged. If you use another card from another bank there you can be charged. It depends on the bank. Sorry again.

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ATM and charges

The National Bank of Greece charges two euro’s when you take out money of their ATM’s. A new policy ?

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The National bank might be closed today because employees strike to “stand” with pensioners who are not receiving some benefits since November of last year.

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Pay for your plastic bag!

The end of a free plastic bag in Greece is near, finally. They are slowly fading out of our lives. On the first of January you pay 3 euro cents or more for each bag. Below is the article in Greek.


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It has probably been there for ages but just now we spotted the second ATM of the National Bank in the town. It is placed in the building of the KAPI, the municipality cafe along the harbor.

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