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OT |

English Edition

Greek Public Debt to GDP Ratio Highest in EU
English Edition |

Greek Public Debt to GDP Ratio Highest in EU

According to Eurostat, Greece recorded the second largest reduction on a year-to-year (YTY) basis at -8.9 pp

Greek Livestock Association Warns of Out-of-Control Livestock Disease
English Edition |

Greek Livestock Association Warns of Out-of-Control Livestock Disease

Between Oct. 2 and 11, 2024, the National Reference Laboratory for Sheep and Goat Pox confirmed 20 new outbreaks in the regions of Eastern Macedonia and Thrace.

European Commissioner for Innovation Iliana Ivanova in Athens
English Edition |

European Commissioner for Innovation Iliana Ivanova in Athens

The Network’s goal is to link national initiatives and European programs and institutions, such as the EIC.

Tourism Revenues Drop 1.8% in Greece Despite Rise in Arrivals
English Edition |

Tourism Revenues Drop 1.8% in Greece Despite Rise in Arrivals

Tourism experts attribute this decline in revenues to several factors, including, first of all, the fact that tourists spend less on non-hotel-related expenses as noted by restaurant owners in tourist areas.

PPC to Issue 500mln-Euro Bond
English Edition |

PPC to Issue 500mln-Euro Bond

The yields from the offering called “Offering” will be used to finance ongoing capital expenditure projects by the country’s largest electric power company

Morgan Stanley Sees Resilient Growth for Greek Banks Amid Rate Cuts
English Edition |

Morgan Stanley Sees Resilient Growth for Greek Banks Amid Rate Cuts

Greek banks, it notes, are focused on mitigating the impact through strategic efforts like loan growth, increased fee income, and lower-than-anticipated deposit betas for 2026.

BoG: More Arrivals, Less Travel Remittances in Aug. 2024
English Edition |

BoG: More Arrivals, Less Travel Remittances in Aug. 2024

More arrivals, but less revenues is the verdict by the Bank of Greece (BoG) for this past August in terms of travel remittances from the all-important tourism sector in the country.

Erdogan’s Longtime Rival, Fethullah Gülen, Has Died
English Edition |

Erdogan’s Longtime Rival, Fethullah Gülen, Has Died

Turkish President Recep Tayyip Erdogan blamed the US-based cleric Muhammed Fethullah Gülen for the 2016 attempted coup against the leader.

Surging Gold Sees High Sovereign Liquidation Rate in Greece
English Edition |

Surging Gold Sees High Sovereign Liquidation Rate in Greece

Bank of Greece (BoG) reports nearly 36,000 buy back transactions this year up until the end of September in the country

Heating Oil Prices in Greece Range from €1.16 to €1.39 per Liter
English Edition |

Heating Oil Prices in Greece Range from €1.16 to €1.39 per Liter

In Athens, the average price of heating oil, which became available to the public as of Oct. 15, stands at 1.67 euros per liter, while in Thessaloniki, it is a little higher at 1.77 euros per liter

Homeownership Increasingly Unattainable for Young Greeks
English Edition |

Homeownership Increasingly Unattainable for Young Greeks

Compared to two decades ago, the difficulty of finding housing has risen dramatically, with homeownership rates in Greece plummeting since 2005

S&P Delays Greek Economy’s Credit Review, Keeps Rating at BBB-
English Edition |

S&P Delays Greek Economy’s Credit Review, Keeps Rating at BBB-

Moody’s took a “stricter” stance compared to the other agencies when in Sept. of 2023 it refused to grant Greece the investment grade

The History of Greece’s Tallest Buildings
English Edition |

The History of Greece’s Tallest Buildings

By the end of 2025, the rejuvenated Hilton Athens—now rebranded as "The Ilisian"—will begin a new chapter as an innovative multi-use complex, featuring the Conrad and Waldorf Astoria brands of hotels and residences.

Alonissos Top Pick for Popular French Website
English Edition |

Alonissos Top Pick for Popular French Website

The list also includes Chios, Kythira, Ithaca, Kea, and Patmos

Greece’s Tourism Success Tied to Expanding U.S. and Asian Markets
English Edition |

Greece’s Tourism Success Tied to Expanding U.S. and Asian Markets

Its findings reveal that travelers to these destinations are becoming increasingly demanding, expecting high-quality travel experiences while also seeking authenticity.

Greece to Simplify Procedures for Solar Installations
English Edition |

Greece to Simplify Procedures for Solar Installations

Under the new procedures, businesses no longer need to seek approval from Greece's electricity regulator or obtain an environmental permit as part of the application process for installing solar panels.

HCAA Reports 6.1% Rise in Passenger Traffic January-September
English Edition |

HCAA Reports 6.1% Rise in Passenger Traffic January-September

Regarding domestic and international flights, the total number of passenger arrivals and departures amounted to 9,984,655 in the first nine months of 2024

Greece Tops Europe in Rent Payment Struggles
English Edition |

Greece Tops Europe in Rent Payment Struggles

Families with children are even more affected, with 26.3% of these households struggling to pay rent.

S&P Set for Key Decision on Greek Economy Amid Positive Outlook
English Edition |

S&P Set for Key Decision on Greek Economy Amid Positive Outlook

Last April’s positive outlook issued by the agency lays the groundwork for another potential upgrade.

Greece Tops Europe in Rent Payment Struggles
English Edition |

Greece Tops Europe in Rent Payment Struggles

Families with children are even more affected, with 26.3% of these households struggling to pay rent.

ECB Cuts Interest Rates by 25 Basis Points
English Edition |

ECB Cuts Interest Rates by 25 Basis Points

The Governing Council of the European Central Bank (ECB) decided to cut interest rates by 25 basis points for a third consecutive time.

ELSTAT Revised Greek GDP Growth Upward for 2023
English Edition |

ELSTAT Revised Greek GDP Growth Upward for 2023

GDP at constant prices reached €196.984 billion in 2023, up from €192.495 billion in 2022, ELSTAT said

Child Poverty Declines in Greece, Driven by Economic Improvements
English Edition |

Child Poverty Declines in Greece, Driven by Economic Improvements

The concept of overall or general child poverty consists of two parts, the first is economic poverty and the second part is non-economic poverty.

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