Greek Finance Minister Christos Staikouras on Friday referred to an urgent need to activate an EU recovery fund – dubbed the Next Generation EU recovery instrument – during his statements at informal video conference of the eurozone’s economic and finance ministers.
Staikouras, who is overseeing an economy hit hard by the pandemic, said any delays would have negative repercussions on the recovery, and also send a negative message over Europe’s ability to deal quickly and effectively with major challenges.
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Re-opening of GGB 3.875% Auction Oversubscribed by 3.62 Times
The Greek state on Wednesday proceeded with a re-opening of a 3.875% government bond issue – with the latter debt due to mature in March 2029.
Airport Passenger Traffic Up 11.4% in the 1st Half of 2024
The airports welcoming the most tourists this month are Athens International Airport, followed by Heraklion, Rhodes, Corfu, Thessaloniki, Kos, Chania, Zakynthos, Santorini, and Mykonos.
Greece’s Labor Market Trends; Job Vacancies Surge
According to the latest data job openings soared to a record high of 70,826 positions in the first quarter of 2024, marking a remarkable 115.6% annual increase.
Eurostat: Inflation in Greece and Euro area at 2.5% in June
Final figures on inflation for Greece came in slightly worse than the preliminary figure of 2.4%, released by ELSTAT at the start of July
Greece Acts to Protect Consumers amid Soaring Electricity Prices
Skylakakis outlined the government's initiatives but withheld specifics regarding the emergency tax and bill subsidies, which are slated for finalization by late July.
Cruise Industry Opposes New EU Plan for Piraeus Port
According to the Plan, cruise ship passengers will be transported by shuttle boats from Piraeus port to the Peace and Friendship Stadium (SEF), so that they can then travel to Athens
Greek State to Reopen 3.875% Bond on Wed.
Bond of 3.875% is set to mature on March 12, 2029
Critical Week for Greece-Cyprus Cable
The study concluded that the social benefits of the interconnection, totaling 8 billion euros, far outweigh its 1.9 billion euros construction cost, resulting in a net social benefit exceeding 6 billion euros.
Roberta Metsola Re-elected President of European Parliament
Her second term will be for a period of two and a half years
ELSTAT: 1.5% Increase in Business Turnover in May 2024
The most significant increase in turnover in May 2024 compared with May 2023 was recorded from the enterprises of the Accommodation and Food Service Activities, sector which grew by 14.8%.
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