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OT |

English Edition

RRF: Additional €5.1bln Funds for Subsidies to Greece in 2025
English Edition |

RRF: Additional €5.1bln Funds for Subsidies to Greece in 2025

By April 22, funds totaling 5.75 billion euros had been transferred for approved projects of the Recovery Fund to entities within and outside the general government and final recipients

OECD: Greek Economy Resilient with 2% Growth Forecast for 2024
English Edition |

OECD: Greek Economy Resilient with 2% Growth Forecast for 2024

However, the OECD highlights challenges including the need to enhance productivity and fiscal adjustment due to high debt levels.

Challenges and Delays in Greece’s Hydrocarbon Exploration
English Edition |

Challenges and Delays in Greece’s Hydrocarbon Exploration

Sources disclose that the petroleum companies holding the concessions are seeking partners to jointly invest and share the costs of exploration and drilling.

Greek Beach Visitors Can Report Violations on New ‘MyCoast’ App
English Edition |

Greek Beach Visitors Can Report Violations on New ‘MyCoast’ App

Greek authorities hope the newly-launched, free ‘MyCoast’ app will help clamp down on public beach violations

BoG Figures Confirm Banner Year for Greek Tourism in 2023
English Edition |

BoG Figures Confirm Banner Year for Greek Tourism in 2023

20.6 billion euros in related revenues topped the previous year’s figure by 16.5%

Piraeus Bank to Propose First Dividend in 16 Years
English Edition |

Piraeus Bank to Propose First Dividend in 16 Years

Piraeus Bank has forecast profits of roughly 900 million euros this year, rising to one billion euros next year

Eurostat: Inflation in Greece Eases to 3.2% in April; 2.4% in Eurozone
English Edition |

Eurostat: Inflation in Greece Eases to 3.2% in April; 2.4% in Eurozone

The rate of increase for food prices was up by 4.9% in April 2024, compared to 4.8% in the previous month

ELSTAT Feb. Retail Turnover Drops by 3.8%, Sales Volume Plummets by 9.8%
English Edition |

ELSTAT Feb. Retail Turnover Drops by 3.8%, Sales Volume Plummets by 9.8%

Additionally, the seasonally adjusted General Volume Index for Feb. 2024 experienced a 3.8% decrease compared to the previous month of the same year

Greek Buyers Lead Return to Vacation Home Market
English Edition |

Greek Buyers Lead Return to Vacation Home Market

In the last six months, Greeks have made a surge into the vacation home market, notably without relying on loans

NBG Receives BBB Investment Grade by DBRS
English Edition |

NBG Receives BBB Investment Grade by DBRS

This makes NBG the first Greek bank to regain Investment grade status, nearly 15 years after the onset of the Greek financial crisis

Greek Gov. Budget: Primary Surplus 3bln in Q1 2024
English Edition |

Greek Gov. Budget: Primary Surplus 3bln in Q1 2024

Value Added Tax (VAT) revenues reached 5.876 billion euros, down by 16 million euros compared to the target

Athens’ Public Transport System Gets Green “Facelift”
English Edition |

Athens’ Public Transport System Gets Green “Facelift”

The future of urban transport in Greece's capital city includes electrification, hydrogen, kinetic energy and even heighted security and monitoring through the use of drones

Athens Int’l Airport: 16.2% EBITDA Increase and 16.5% Passenger Growth in Q1 2024
English Edition |

Athens Int’l Airport: 16.2% EBITDA Increase and 16.5% Passenger Growth in Q1 2024

Following the strong performance in the first quarter, the company revised its annual passenger traffic forecast for 2024 to 29.9 million passengers, a 6.3% increase (or roughly 1.8 million passengers) from 2023 levels.

Oxford Economics Report: Greek Economy is Just Below Risk Zone
English Edition |

Oxford Economics Report: Greek Economy is Just Below Risk Zone

However, the report points to a persistent challenge in the form of commercial credit risk, which remains high at 8 out of 10, ranking Greece 104th internationally

Deadline for Postal Vote Registration Expires on Mon.
English Edition |

Deadline for Postal Vote Registration Expires on Mon.

More than 157,000 Greek citizens had registered on the relevant online platform so far

Orthodox Palm Sunday Today; Shops Open in Greater Athens-Piraeus Area
English Edition |

Orthodox Palm Sunday Today; Shops Open in Greater Athens-Piraeus Area

Orthodox Holy Week begins on Monday, April 29, and ends on Sunday, Easter Sunday or Great and Holy Pascha (May 5)

Greek Retailers Remain Optimistic About Easter Shoppers’ Turnout
English Edition |

Greek Retailers Remain Optimistic About Easter Shoppers’ Turnout

While stores are expected to be open on Sunday, April 28, the majority of Easter shoppers will likely do their shopping during the Holy Week, following the deposit of Easter bonuses

Europeche: Greek Apricot Production Recovers
English Edition |

Europeche: Greek Apricot Production Recovers

Europeche forecasts the production will bounce back despite a slight decrease in varieties attributed to high winter temperatures

Bank of Greece (BoG): Business-Household Deposits Up 1,675bln in March 2024
English Edition |

Bank of Greece (BoG): Business-Household Deposits Up 1,675bln in March 2024

In March 2024, the monthly net flow of credit to the general government was negative by 469 million euros

FT: Greece’s Economic Rebound a Balance of Growth and Poverty
English Edition |

FT: Greece’s Economic Rebound a Balance of Growth and Poverty

Eurostat data revealed a significant 10.8% drop in Greek public debt relative to GDP in 2023, alongside a 2% economic expansion, outpacing Germany's performance.

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