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OT |

English Edition

Year-Long Restriction on Extra Airbnb-type Properties as of Jan 1
English Edition |

Year-Long Restriction on Extra Airbnb-type Properties as of Jan 1

As of Jan. 1, 2025, the state will allow the short-term rental availability of only 3 properties in specific Athens districts - a measure that expires at the end of the year

Turkish FM Fidan Returns to ‘Revisionist Mode’ in TV Appearance
English Edition |

Turkish FM Fidan Returns to ‘Revisionist Mode’ in TV Appearance

Minister Hakan Fidan cites 'more than one problem' in the Aegean needing resolution; quip aimed at domestic audience comes amid significantly improved relations

Civil Defense Warning For Inclement Weather in Central Greece
English Edition |

Civil Defense Warning For Inclement Weather in Central Greece

Notification issued to residents in the central Greece province of Thessaly, the south-central prefecture of Fthiotida, the large island of Evia and the Sporades Island chain

European Commission’s Outlook for Greece Economy Forecasts 2.1% Growth and 3% Inflation in 2024
English Edition |

European Commission’s Outlook for Greece Economy Forecasts 2.1% Growth and 3% Inflation in 2024

By 2026, the reduction in public debt is expected to bring it close to 140% of GDP.

Greek State Budget Primary Surplus at €13.489bln Jan.-Oct. 2024
English Edition |

Greek State Budget Primary Surplus at €13.489bln Jan.-Oct. 2024

A significant part of this surplus is attributed to the receipt of €3.2 billion in October from the new concession agreement for the Attiki Odos

Euroxx Securities Raises Price Targets for Greek Banks
English Edition |

Euroxx Securities Raises Price Targets for Greek Banks

Looking ahead to the next three years, Euroxx predicts that Greek banks will lead in dividend payouts, with distribution yields exceeding 10%.

Greece Hits Lowest OECD Ranking in Living Standards, GDP
English Edition |

Greece Hits Lowest OECD Ranking in Living Standards, GDP

At the same time, Greece's GDP index for the second quarter of 2024, based on OECD data, was only 85.07 points, placing the country again at the bottom.

EFKA to Launch Digital Personal Portfolio for Insured Citizens by End of 2025
English Edition |

EFKA to Launch Digital Personal Portfolio for Insured Citizens by End of 2025

This way, insured individuals can quickly determine their coverage period, any debts, and whether they have valid insurance coverage.

BofA: Greek Banks Becoming More Appealing
English Edition |

BofA: Greek Banks Becoming More Appealing

Bank of America (BofA) recently increased its target prices for several Greek banks, with the target price for Eurobank raised to €2.84 from €2.76.

Internet Users in Greece Rise Exponentially, Survey Suggests
English Edition |

Internet Users in Greece Rise Exponentially, Survey Suggests

Those between the ages of 65 and 74 have shown a high rate of digital engagement, with daily usage over the past five years increasing by 61%.

Vardis Vardinogiannis: ‘On a Ship’s Bridge You Always Look Forward’
English Edition |

Vardis Vardinogiannis: ‘On a Ship’s Bridge You Always Look Forward’

Ten milestones in the half century since the creation of Motor Oil Group, as described by Vardis Vardinogiannis, who passed away on Tuesday at the age of 91

DBRS Says Greek Banks ‘Shielded’ from ECB Rate Cuts
English Edition |

DBRS Says Greek Banks ‘Shielded’ from ECB Rate Cuts

The agency explains that fund disbursements through the banking sector will help offset pressures anticipated on interest margins beginning in 2025, due to expected rate cuts by the European Central Bank (ECB).

Meta Cuts Facebook and Instagram Subscription Fees by 40%
English Edition |

Meta Cuts Facebook and Instagram Subscription Fees by 40%

The social media giant also revealed that it will continue to offer free access to Facebook and Instagram for EU users, provided they agree to see ads based on a limited set of user data.

Skyrocketing Use of Debit, Credit Cards
English Edition |

Skyrocketing Use of Debit, Credit Cards

The total value of the transactions conducted with debit and credit cards in the country in the first half of 2024 rose 2% on the corresponding period of 2023

JP Morgan Revised Greece Outlook to ‘Overweight’
English Edition |

JP Morgan Revised Greece Outlook to ‘Overweight’

The investment bank notes that Greece is showing the strongest GDP growth in the Eurozone. Additionally, efforts to clear up bank balance sheets are anticipated to yield increased capital returns.

Vardis I. Vardinogiannis, Greek Tycoon and Shipping Magnate, Dies at 91
English Edition |

Vardis I. Vardinogiannis, Greek Tycoon and Shipping Magnate, Dies at 91

In 1990, Vardinogiannis was targeted in an attack which involved three rockets fired at his vehicle by the terrorist organization 17 November.

Kudos for Greek Sheep’s Milk Cheeses
English Edition |

Kudos for Greek Sheep’s Milk Cheeses

Graviera is the Greek version of the Swiss gruyère, and is generally considered the second most popular cheese made in the country after feta

EIB Survey: Greeks Rank Climate Change as Top Concern After Cost of Living
English Edition |

EIB Survey: Greeks Rank Climate Change as Top Concern After Cost of Living

Specifically, 98% of the Greeks surveyed stated that the country must to adapt to climate change, with 60% saying that priority should be given to these adjustment measures

Trump Tells Putin not to Escalate Ukraine War during Phone Convo
English Edition |

Trump Tells Putin not to Escalate Ukraine War during Phone Convo

Meanwhile, President Joe Biden, is preparing to lobby Trump against abandoning U.S. support for Kyiv

Former Thessaloniki Mayor Yiannis Boutaris Dies at 82
English Edition |

Former Thessaloniki Mayor Yiannis Boutaris Dies at 82

Boutaris entered politics in 2010, serving as the 60th mayor of Thessaloniki for two consecutive terms until 2019, becoming a transformative figure with his progressive policies.

Greece Plans to Link Golden Visa to Startup Investments
English Edition |

Greece Plans to Link Golden Visa to Startup Investments

The Greek government wants to decouple the Golden Visa Program from Real Estate investments

Greece Honored Country at World Travel Market (WTM) 2024
English Edition |

Greece Honored Country at World Travel Market (WTM) 2024

Greece held a prominent position within the exhibition space, with its main entrance adorned digitally in Greek colors.

Inflation in Greece Down to 2.4% in October, ELSTAT says
English Edition |

Inflation in Greece Down to 2.4% in October, ELSTAT says

On a year-to-year basis, the average inflation in Greece from November 2023 to October 2024 increased by 2.9%, compared to a 4.2% rise during the same period the previous year

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