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OT |

English Edition

Moody’s Retains Ba1 Rating For Greece; Outlook Positive
English Edition |

Moody’s Retains Ba1 Rating For Greece; Outlook Positive

Moody’s is the last of the major credit rating firms not to have upgraded the Greek economy to 'investment grade', retaining the Ba1 rating - a notch below

Greek Businesses Posted a 12.7% Increase in Turnover Last July
English Edition |

Greek Businesses Posted a 12.7% Increase in Turnover Last July

The data concerns companies maintaining double-entry bookkeeping, and for which monthly data are available.

Prime Minister Mitsotakis Urges EU to Tackle Energy Crisis as Prices Surge
English Edition |

Prime Minister Mitsotakis Urges EU to Tackle Energy Crisis as Prices Surge

"Something is not working properly. I don’t expect immediate solutions, but at least someone should address this."

Fraport Greece Airports See 6.4% Rise in Passenger Traffic
English Edition |

Fraport Greece Airports See 6.4% Rise in Passenger Traffic

Conversely, among the popular island destinations, Mykonos was the only airport to report a decline,

Athenians Among Least Satisfied in Europe Regarding Salary
English Edition |

Athenians Among Least Satisfied in Europe Regarding Salary

In contrast to Athenians, people working in Berlin have an average annual gross salary package ranging between €40-000 and €60,000, with a gross salary between €64-70,000 considered good.

Greece Signs 25-Year Concession Deal for Attiki Odos with GEK TERNA
English Edition |

Greece Signs 25-Year Concession Deal for Attiki Odos with GEK TERNA

Additionally, the agreement includes further investments and expenditures for upgrades and modernization, totaling 380 million euros over the duration of the concession.

Greek Pensioners Struggle as Taxes and Deductions Outpace Modest Pension Increases
English Edition |

Greek Pensioners Struggle as Taxes and Deductions Outpace Modest Pension Increases

More specifically, around 400,000 pensioners pay a double and arguably unfair tax through the solidarity contribution, which, due to its fiscal cost, will not be restructured.

Volkswagen’s Astypalaia Experiment, A ‘Smart Island’ Success
English Edition |

Volkswagen’s Astypalaia Experiment, A ‘Smart Island’ Success

Alternative mobility options were also offered for permanent residents and tourists which included buses with zero-emissions, car-sharing and electric scooters that could be selected via an app

JP Morgan ‘Neutral’ on Greek Stocks
English Edition |

JP Morgan ‘Neutral’ on Greek Stocks

The US-based multinational finance company, however, stresses that Greek banks remain slightly undervalued compared to the emerging markets and European sectors

Geeks Among Poorest in EU in PPP
English Edition |

Geeks Among Poorest in EU in PPP

While the Greek economy is indeed recording solid figures, its citizens are becoming impoverished, and the situation could worsen over time, as analysts pointed out in an article in the Financial Times (FT) published a few months ago

Greece Increases Subsidies and Tax Breaks for Renovating Vacant Homes for Long-Term Rentals
English Edition |

Greece Increases Subsidies and Tax Breaks for Renovating Vacant Homes for Long-Term Rentals

This means that the maximum expense cap is likely to rise to 15,000 euros from 10,000 euros where it stands now, with a possible increase in the advance payment percentage as well.

Greek Banks Leverage ECB Policy and Credit Upgrades to Lower Costs
English Edition |

Greek Banks Leverage ECB Policy and Credit Upgrades to Lower Costs

Through the issuance of new bonds recently, the banks have significantly improved their capital positions while at the same time reducing the average cost of servicing their obligations.

Greek Industrial Production Experienced a 10.6% Rise in July
English Edition |

Greek Industrial Production Experienced a 10.6% Rise in July

The seasonally adjusted General Industrial Production Index in Greece for July 2024, compared to June 2024, showed an increase of 1.7%

Greek-Turkish Balance of Trade – Imports from Turkey up, Exports Down
English Edition |

Greek-Turkish Balance of Trade – Imports from Turkey up, Exports Down

While the Greek exports to Turkey were down, the balance of Greek imports from Turkey during the same period amounted to $2.31 billion, compared to $1.88 billion in the first half of 2023, showing an increase of 22.8%.

Great Strides in RES in Greece, says NBG CEO Mylonas at TIF
English Edition |

Great Strides in RES in Greece, says NBG CEO Mylonas at TIF

Pavlos Mylonas spoke at the annual Energy conference, co-organized by the Greek-American Chamber of Commerce and the Hellenic Association for Energy Economics at the Thessaloniki Trade Fair (TIF)

Energy Analyst to OT.gr: GSI Very Important for Entire EU
English Edition |

Energy Analyst to OT.gr: GSI Very Important for Entire EU

Analyst Orestis Omran, during an interview at the OT.gr studio within TIF: 'Implementation of the project will contribute to lifting Cyprus' energy isolation'

88th TIF Highlights Excellent Greek-German Relations
English Edition |

88th TIF Highlights Excellent Greek-German Relations

Greek PM Mitsotakis inaugurated the German pavilion at the Thessaloniki International Fair (TIF), where Germany is this year's honored country

Hellas Gold Spox: Project Completion Possibly By End of Year
English Edition |

Hellas Gold Spox: Project Completion Possibly By End of Year

Hellas Gold is a subsidiary of Canadian multinational Eldorado Gold, and has received the mining rights for the Skouries mine, Olympias and Stratoni mines in northern Greece's Halkidiki prefecture

New Meeting To Overcome Great Sea Interconnector Hurdles
English Edition |

New Meeting To Overcome Great Sea Interconnector Hurdles

According to Greek Energy and Environment Minister Thodoros Skylakakis, 'what we expected didn’t occur' in relation to Great Sea Interconnector

BoG Maintains Core Forecasts For GDP Growth in 2024-2025
English Edition |

BoG Maintains Core Forecasts For GDP Growth in 2024-2025

As per inflation, Greece’s central bank expects a continued slowdown this year, with the inflation rate dropping to 3%

ELSTAT: GDP Growth at 2.3% in Q2 2024
English Edition |

ELSTAT: GDP Growth at 2.3% in Q2 2024

Based on the available seasonally adjusted data, the Gross Domestic Product in terms of volume increased by 1.1% in Q2 2024, compared to Q1 2024

Tax Authorities in Greece Launch Sweeping Inspections
English Edition |

Tax Authorities in Greece Launch Sweeping Inspections

The audits primarily target cash registers and POS system interconnectivity to determine businesses that have not completed requisite integration or instances of pirated software

National Bank of Greece Cuts Transaction Fees to Benefit Customers
English Edition |

National Bank of Greece Cuts Transaction Fees to Benefit Customers

Reduction of the instant payment fee via internet and mobile banking for amounts up to 500 euros from 2.50 to 1.50 euros

Greek Exports Struggle Amid Geopolitical and Domestic Challenges
English Edition |

Greek Exports Struggle Amid Geopolitical and Domestic Challenges

Greek Exports Struggle Amid Geopolitical and Domestic Challenges

Pink sand from Crete and Pebbles from Skiathos… from €2.99
English Edition |

Pink sand from Crete and Pebbles from Skiathos… from €2.99

Ads for ‘souvenirs’ from famous Greek beaches make a splash on the Internet

EC Confirms €1 BN Grants to Greece in Prelim. Assessment
English Edition |

EC Confirms €1 BN Grants to Greece in Prelim. Assessment

The preliminary assessment said that Greece had fulfilled all the prerequisites for the disbursement of €1 billion in grants as part of the Recovery and Resilience Facility (RRF)

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