![Earthquake in Turkey: Ankara accepted Cyprus’ offer to send a rescue team](https://www.ot.gr/wp-content/uploads/2023/02/Cyprus-MFA.jpg)
The Republic of Cyprus was recently informed by the European Civil Protection Mechanism that the offer of Cyprus to send a rescue team was accepted by Turkey.
The press representative of the Cypriot Ministry of Foreign Affairs, Dimitris Dimitriou, made the relevant information known in a post on Twitter.
It is recalled that Turkey had initially rejected the relevant offer of the Republic of Cyprus.
Over 11,000 dead
The death toll from the earthquake that struck Turkey and Syria on Monday rose to over 11,200 dead, according to the latest official figures announced today at noon on Wednesday.
And the fear of an increase in the number of dead is more than certain as hundreds are still trapped under the debris and as the hours pass the hopes of being pulled out alive are fading.
The number of dead in Turkey has reached 8,574, as announced by Turkish President Recep Tayyip Erdogan, while in Syria 2,662 dead have been recovered from the rubble.
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
Latest News
![Greek Economy to Grow 2.5% in 2025: Bank of Greece](https://www.ot.gr/wp-content/uploads/2025/02/bog-600x352.png)
Greek Economy to Grow 2.5% in 2025: Bank of Greece
The public debt-to-GDP ratio is forecast to fall below 150% by 2025, aided by the primary budget surpluses reinforcing the Greek economy even more.
![Inflation in Greece at 2.7% for January, as Food Costs Were Steady & Narural Gas Was Up](https://www.ot.gr/wp-content/uploads/2025/02/January-Greek-inflation.jpg)
Inflation in Greece at 2.7% for January, as Food Costs Were Steady & Narural Gas Was Up
Food inflation in Greece remained nearly stagnant at just 0.1%, while the highest price increases were recorded in passenger air transport (31.6%), natural gas (26.5%), hotels-motels-inns (16.8%) and residential rents (9.2%).
![UBS: Stocks of Greek Banks Remain Appealing as 2024 Earnings Season Begins](https://www.ot.gr/wp-content/uploads/2025/02/Greek-banks-600x352.png)
UBS: Stocks of Greek Banks Remain Appealing as 2024 Earnings Season Begins
In the second edition of its monthly tracker, which analyzes industry data from the Bank of Greece, UBS notes that while corporate lending growth remains strong, December was a slower month.
![PM Mitsotakis Welcomes von der Leyen’s Defence Spending Proposals](https://www.ot.gr/wp-content/uploads/2025/02/mitsotakis_von-der-Leyen-600x400.jpg)
PM Mitsotakis Welcomes von der Leyen’s Defence Spending Proposals
Earlier on Friday, during the Munich Security Conference, President of the European Commission Ursula von der Leyen announced plans to reform defense spending rules to enable member states to "substantially increase their defense expenditure"
![Greek Supermarket Sales Exceed €12 Billion in 2024, Marking 2.6% Growth](https://www.ot.gr/wp-content/uploads/2025/02/Greek-supermarket-sales-600x400.jpeg)
Greek Supermarket Sales Exceed €12 Billion in 2024, Marking 2.6% Growth
According to data from the research firm Circana (formerly IRI), the volume of sales grew by 2.8% in 2024, outpacing the 2.6% increase in sales value.
![Greek Islands and Piraeus Remain Cruise Hotspots Despite Earthquakes](https://www.ot.gr/wp-content/uploads/2023/02/Piraeus_cruise_1-600x382.jpg)
Greek Islands and Piraeus Remain Cruise Hotspots Despite Earthquakes
A total of 918 cruise ship arrivals have already been scheduled for 2025, with 714 of them designating Piraeus as their home port
![Athens Hotels See Strong Growth in Bookings and Prices](https://www.ot.gr/wp-content/uploads/2025/02/Athens-hotels-600x337.jpg)
Athens Hotels See Strong Growth in Bookings and Prices
Hoteliers point out that this success is being achieved despite the competition from short-term rental services like Airbnb.
![Greece Launches Microfinance Fund to Support Small Businesses](https://www.ot.gr/wp-content/uploads/2025/02/stournaras-mikropistwseis-600x400.jpg)
Greece Launches Microfinance Fund to Support Small Businesses
The Microfinance Fund will offer interest-free financing at a rate of 60% for general entrepreneurship and 75% for female entrepreneurship, with microfinance institutions providing the remaining 40% or 25%.
![Study: Greece’s Economic Growth Threatened by Labor Shortages](https://www.ot.gr/wp-content/uploads/2023/11/45_p14.2_img-1-600x398.jpg)
Study: Greece’s Economic Growth Threatened by Labor Shortages
In its analysis, Capital Economics cites three factors as the reasons why it does not anticipate Greece’s employment significantly increasing in the coming years.
![Goldman Sachs Optimistic on Greek Banks, Sees Valuation Improvement](https://www.ot.gr/wp-content/uploads/2025/02/Goldman-Sachs-600x400.jpg)
Goldman Sachs Optimistic on Greek Banks, Sees Valuation Improvement
Goldman Sachs downgrades Eurobank to "Neutral" from "Buy" due to its valuation, trading at 1x price-to-tangible book value (P/TBV).