Arrangements regarding the possibility of acquiring shares of DEPA Emporia from TAIPEDproviding new tools to EDTA for the utilization of its property as well as the expansion of tax exemptions for donations and to supervised entities of the Ministries of Health and Education, Religious Affairs and Sports are provided for, among other things, in an amendment submitted to the bill of Ministry of National Economy and Finance “Income Enhancement Measures, Tax Incentives for Business Innovation and Transformations and Other Provisions”.

In more detail, the amendment provides for the following:

  • The possibility is provided for the acquisition of all the shares of DEPA Emporia SA. from TAIPED with a share purchase agreement between the Fund and HELLENiQ ENERGY. In the same regulation, more specific rules are defined for the realization of this purchase and sale as far as TAIPED is concerned.
  • The tax exemption applicable to donations in the narrow Public sector and to organizations supervised by the Ministries of Health and Education, Religious Affairs and Sports is expanded. The aim is to facilitate legal entities that want to make donations to the State to organizations related to critical health and education functions, such as hospitals, higher education institutions, etc.
  • New tools are provided to ETAD with the aim of further exploiting the property it manages, ensuring transparency and the defense of the public interest. In more detail, ETAD gains further flexibility to participate in corporate schemes that will promote its purposes. Participation can be done by contribution in kind, i.e. by contribution of ownership, surface or other real right. A strict procedure is established for the valuation of this right, which is validated by the Court of Auditors after prior valuation reports of independent appraisers.
  • A temporary automatic system is established for the determination of a transitional starting price for calculating the objective value of real estate exclusively for those cases where there is a court decision that annuls in whole or in part the relevant Ministerial Decision in force. Today, a specific zone in the Rafina area falls into this category. Thus, until the issuance of a Ministerial Decision that will determine the new objective values, the starting price is taken as: a) the average of the canceled starting price and the last starting price valid before it, or b) the judicially canceled price reduced by 30% , when there is no precedent of the judicially annulled price. It is noted that the provision also applies to annulment decisions that have been issued before its entry into force, as long as the Ministerial Decision setting new prices has not been issued, while, in any case, upon its issuance, a re-liquidation is carried out. In this way, any delay in commercial real estate transactions is avoided and ENFIA can be liquidated and, consequently, the citizen’s relationship of trust with the state can be strengthened.
  • The license granted to OPAP for the land-based Eurojackpot game is extended to also cover its online conduct. In particular, the process of granting the relevant license to OPAP by decision of the Gaming Supervision and Control Committee is foreseen, under exactly the same terms, conditions and procedure as for the granting of a license for the land-based event, while the percentage of revenue collected by the State remains constant.