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OT |

English Edition

ELSTAT: New Construction Permits Down 19.6% in May
English Edition |

ELSTAT: New Construction Permits Down 19.6% in May

The Total Building Activity (private and public) in Greece, in May 2024, based on the issued building permits, amounted to 2,065

Oil Spill Risk Looms After Houthi Attack on Greek Tanker Sounion
English Edition |

Oil Spill Risk Looms After Houthi Attack on Greek Tanker Sounion

The "Sounion" is the third ship owned by the Athens-based Delta Tankers that was attacked this month by the terrorist rebels in the Red Sea

IMF Report: Dip in Greek Public Debt to 138.8% by 2029
English Edition |

IMF Report: Dip in Greek Public Debt to 138.8% by 2029

An IMF report cites a 30-percentage-point decrease in the GDP-to-debt ratio due to continued economic growth, inflation and a 2018 debt relief agreement

List of Countries Aiming to Protect Workers’ Free Time Grows
English Edition |

List of Countries Aiming to Protect Workers’ Free Time Grows

Australia is the latest country to allow employees the right to say ‘no’ to job-related requests after work.

Greek Solar Panel Industry to Set New Record in 2024
English Edition |

Greek Solar Panel Industry to Set New Record in 2024

The Greek solar panel (photovoltaic) industry is on course to set a new record, according to the Hellenic Association of Photovoltaic Companies (HELAPCO)

Water Running Low for Athens
English Edition |

Water Running Low for Athens

No restrictions are necessary yet, experts say, but alternative water sources are being sought and people advised to be mindful.

Eurostat: Greece among Most Expensive EU Countries for Alcohol
English Edition |

Eurostat: Greece among Most Expensive EU Countries for Alcohol

This puts Greece among the most costly countries in Europe for alcoholic beverages placing it 3rd out of the 27 EU states, with prices reaching 51% above the average.

Restructuring of Greek Banks Wraps Up in 2024
English Edition |

Restructuring of Greek Banks Wraps Up in 2024

Alpha Bank, Eurobank, National Bank, and Piraeus Bank are the Greek banks likely to record historical highs in profitability, paving the way for even greater shareholder rewards in 2025, with 35% of 2024 profits expected to be returned

Price Hike on 850 Pharmaceutical Drugs in Greece Effective Today
English Edition |

Price Hike on 850 Pharmaceutical Drugs in Greece Effective Today

The increase in cost of pharmaceutical drugs in Greece ranges from 1 to 5 euros, and will lead to higher out-of-pocket contributions for consumers

IMF Report: Dip in Greek Public Debt to 138.8% by 2029
English Edition |

IMF Report: Dip in Greek Public Debt to 138.8% by 2029

An IMF report cites a 30-percentage-point decrease in the GDP-to-debt ratio due to continued economic growth, inflation and a 2018 debt relief agreement

Greek Islands’ Occupancy Rates Soar in August, Car-Accessible Destinations Struggle
English Edition |

Greek Islands’ Occupancy Rates Soar in August, Car-Accessible Destinations Struggle

Beyond the traditional 'stars' of Greek tourism, such as Crete, Rhodes, Mykonos and Santorini, other Greek islands' occupancy rates near 100%, like Naxos, Ios, Samos, Skopelos, Lipsi, Andros and Astypalia. Surprisingly, destinations accessible by car underperformed.

Air Traffic in Greece Set All-Time Record on August 10
English Edition |

Air Traffic in Greece Set All-Time Record on August 10

HCAA Director George Saounatsos lauded the HCCA staff calling them the “main driving force behind the rising aviation metrics” in the rise in Air traffic in Greece

Piraeus Bank ESG Analysis – Where Greece Ranks
English Edition |

Piraeus Bank ESG Analysis – Where Greece Ranks

Greece showed improved performance but still lags behind the EU average

Greek Farmers Battered by Climate Change Face Uncertain Future
English Edition |

Greek Farmers Battered by Climate Change Face Uncertain Future

Greece's most iconic agricultural products are already impacted by climate change and the future of Greek farmers is getting increasingly uncertain

Many Greek Islands’ Occupancy Rates Near 100% in August, Car-Accessible Destinations Struggle
English Edition |

Many Greek Islands’ Occupancy Rates Near 100% in August, Car-Accessible Destinations Struggle

Beyond the traditional 'stars' of Greek tourism, other Greek islands' occupancy rates near 100% - Surprisingly, destinations accessible by car underperformed

Tourism: 2.5mln Tourists Visit Meteora Every Year
English Edition |

Tourism: 2.5mln Tourists Visit Meteora Every Year

It it the second most popular travel destination in mainland Greece for visitors from around the world

Greece Records 9.8% Drop in Airbnb Rates in July
English Edition |

Greece Records 9.8% Drop in Airbnb Rates in July

An Airbnb report highlights that in countries such as Norway, Sweden, and Greece, the annual decline in ADR coincides with a consistent drop in occupancy rates

Eurostat: How Many Firefighters does Greece Have?
English Edition |

Eurostat: How Many Firefighters does Greece Have?

Greece is among the EU member-states that spent the most on fire protection services in 2023

ELSTAT: Retail Trade Surges 4.3% in Q2 2024
English Edition |

ELSTAT: Retail Trade Surges 4.3% in Q2 2024

This is an increase of 4.3% compared with the second quarter of 2023 when the respective turnover was 17.37 billion euros

Greek Tax Authority to Combat Tax Evasion with New Tools in Sept
English Edition |

Greek Tax Authority to Combat Tax Evasion with New Tools in Sept

Greece's tax authority AADE will be focusing on private vehicles, professionals, and businesses as it steps-up its attempts to combat tax evasion

Greek Tourism – Over Half a Million Stayed in Greece in June
English Edition |

Greek Tourism – Over Half a Million Stayed in Greece in June

ELSTAT released provisional monthly statistics that revealed the upward trend in various sectors linked to Greek tourism

Greece’s Attica Region 7th Largest Shipping Center in World
English Edition |

Greece’s Attica Region 7th Largest Shipping Center in World

The annual report, known as the Xinhua-Baltic International Shipping Centre Development Index (ISCDI), ranks shipping centers throughout the world, based on size, and shows the Attica region nudging up by one place in 2024

Tax Bureau: €18.5mln in Revenues Concealed by 52 Online Retailers
English Edition |

Tax Bureau: €18.5mln in Revenues Concealed by 52 Online Retailers

The latest sweep by Greece’s tax bureau, this time targeting the e-commerce sector in the first half of the year, reportedly identified 52 online violators

Greek Consumers Faced with More Price Hikes This Fall
English Edition |

Greek Consumers Faced with More Price Hikes This Fall

Greek market experts are forecasting a 15-20% rise in the price of basic goods, coffee, and cocoa in September

Naxos Potato Crisis: Drought and Poor Infrastructure Hit Production
English Edition |

Naxos Potato Crisis: Drought and Poor Infrastructure Hit Production

The Naxos potato, a PDO-certified product, is facing historically low yields, which will force the island to import potatoes for the first time on record this autumn.

Air Passenger Traffic Up 9.5% in Jan-Jul 2024 Period
English Edition |

Air Passenger Traffic Up 9.5% in Jan-Jul 2024 Period

Specifically, the number of passengers between January and July 2024 totaled 42,538,219, up from 38,833,074 in the corresponding period of 2023.

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