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OT |

English Edition

Greece Faces Increasing Labor Shortages Amid Economic Growth
English Edition |

Greece Faces Increasing Labor Shortages Amid Economic Growth

According to Stournaras, the labor shortages are particularly pronounced in sectors critical to the Greek economy, such as tourism, agriculture, and construction

Olympics: Greek Athletes’ Itinerary on Day 2 of Competition
English Edition |

Olympics: Greek Athletes’ Itinerary on Day 2 of Competition

The program for Day 2 of the 2024 Olympic Games will also be filled with Greek participation. The times and channels are listed below.

Greece Invests Millions to Preserve Dodecanese’s Cultural Heritage
English Edition |

Greece Invests Millions to Preserve Dodecanese’s Cultural Heritage

The Greek Ministry of Culture has undertaken a significant project with over 50 million euros in investments to restore ancient artifacts in the region

Stefaniada Lake Festival 2024, Greece’s New Ecotourism Event
English Edition |

Stefaniada Lake Festival 2024, Greece’s New Ecotourism Event

Attendees can enjoy cinema and photography, explore the arts of painting and woodcarving, and revel in stargazing, outdoor film screenings, and concerts beneath the night sky.

ELSTAT: Building Permits Increased by 40.1% in Greece
English Edition |

ELSTAT: Building Permits Increased by 40.1% in Greece

Focusing on Private Construction Activity during this period, there was a 41.8% increase in building permits nationwide, a 40.2% rise in the area, and a 26.8% expansion in volume

Greek Economy: Bankers’ Insights on Investments and Reforms
English Edition |

Greek Economy: Bankers’ Insights on Investments and Reforms

He also noted that the Recovery and Resilience Fund has seen over 50% of its funds absorbed, with more than 20% having been directed into the real economy.

Greece: Airbnb Occupancy Hits 40% in June
English Edition |

Greece: Airbnb Occupancy Hits 40% in June

This growth, averaging about 20,000 new units per month, pushed the total number of accommodations to 224,860 by June, up from 204,578 the previous year.

Fraport: Greece’s Regional Airports See 5.9% June Surge
English Edition |

Fraport: Greece’s Regional Airports See 5.9% June Surge

Overall, during the first half of 2024, Fraport Greece's airports achieved remarkable results, handling more than 12.7 million passengers, a 7.8% increase compared to 2023.

SFEE: Just 1 in 5 New Pharmaceutical Drugs Reach Greece
English Edition |

SFEE: Just 1 in 5 New Pharmaceutical Drugs Reach Greece

Greece spends 70% less than the European average on pharmaceuticals, and Greek patients face significant challenges accessing pharmaceutical drugs and treatments that are available in the country

Attica Bank: Merger Process With Pancreta Commences
English Edition |

Attica Bank: Merger Process With Pancreta Commences

A relevant announcement said the merger with Pancreta is expected to be completed by mid September

Crete’s Heraklion Port Concession Deal Approved
English Edition |

Crete’s Heraklion Port Concession Deal Approved

Owner of Minoan Lines Grimaldi Group acquired a 67% share of the port for a total price of 80 million euros

Santorini Warning of Cruise Passenger Influx Causes Uproar
English Edition |

Santorini Warning of Cruise Passenger Influx Causes Uproar

A Santorini councilman urged locals to stay put and limit their activities during the arrival of cruise ships due to overtourism

European Commission Approves Fourth 2.3 Billion Loan Payment to Greece Under RRF
English Edition |

European Commission Approves Fourth 2.3 Billion Loan Payment to Greece Under RRF

The Commission's preliminary assessment of Greece's request, completed on June 14, 2024, was positive, reflecting Greece's successful implementation of its recovery and resilience plan

Greek Tourism: Projects Shaping the Landscape
English Edition |

Greek Tourism: Projects Shaping the Landscape

In Vonitsa, Aetolia-Acarnania, the Varko Bay resort is emerging as the first ultra-luxury retreat by Banyan Tree in Europe

Greece: New Draft Bill to Facilitate Property Transactions
English Edition |

Greece: New Draft Bill to Facilitate Property Transactions

Streamlined process envisioned in draft law aims to cut 'red tape' in real estate transactions, including parental transfers of property to offspring

Eurostat: Greece’s Airbnb Bookings Surge 28.7% in Q4 2023
English Edition |

Eurostat: Greece’s Airbnb Bookings Surge 28.7% in Q4 2023

Greece's growth in short-term bookings in Q4 2023 on platforms like Airbnb outpaced the EU average, recording a 28.7% increase compared to Q4 2022, higher than the EU's average growth of 22.7%

FinMin: Only One Investor Expressed Interest in Attica Bank
English Edition |

FinMin: Only One Investor Expressed Interest in Attica Bank

Economy and Finance Minister Kostis Hatzidakis added: If deal for Attica Bank, Pancreta Bank falls through then both institutions risk collapse

Greek Tourism Board Teams Up with Netflix to Promote Greece
English Edition |

Greek Tourism Board Teams Up with Netflix to Promote Greece

Through its partnership with Netflix, the GNTO hopes to attract tourists and filmmakers to Greece.

Greece Launches AI Training for Public Servants
English Edition |

Greece Launches AI Training for Public Servants

Public sector employees in Greece will be trained in AI as part of efforts to accelerate the country’s digital transition.

Eurobank Declares Dividend after 16 Years
English Edition |

Eurobank Declares Dividend after 16 Years

He noted the bank's strong presence in its international markets, Bulgaria and Cyprus, and mentioned that a public offer to acquire 100% of Hellenic Bank is underway in Cyprus.

Energean Advances Development of Katlan Gas Field in Israel
English Edition |

Energean Advances Development of Katlan Gas Field in Israel

The Katlan project is expected to unlock additional value in Israeli waters, enhancing energy security and supporting sustainable development in both Israel and the wider region.

Uber: Tourism Season in Greece Expanding
English Edition |

Uber: Tourism Season in Greece Expanding

Uber, the US-based multinational said use of the app to hail a ride in Greece last April was up 72% compared with April 2023

EU Commission Draft Report Includes Negative Remarks over Rule of Law in Greece
English Edition |

EU Commission Draft Report Includes Negative Remarks over Rule of Law in Greece

The Commission report, which is expected to be released this week, highlights issues regarding the operation of the justice system, independent authorities, freedom of the press and the wiretapping case

Two Greek Ferry Captains Arrested for Maritime Law Violations
English Edition |

Two Greek Ferry Captains Arrested for Maritime Law Violations

A tale of two captains: One causes massive waves on a Mykonos beach, while another departs early from Santorini, leaving behind seven passengers

Eurostat: Greece Still Has Highest Debt-to-GDP Ratio in EZ
English Edition |

Eurostat: Greece Still Has Highest Debt-to-GDP Ratio in EZ

At the same time, the formerly bailed east Mediterranean country records the biggest decrease in debt-to-GDP, on a quarterly basis

High Court Oks Athens Municipality’s Bid to Keep Height Restrictions Intact
English Edition |

High Court Oks Athens Municipality’s Bid to Keep Height Restrictions Intact

The city had petitioned for a temporary suspension of the higher-ranking entity’s decision to scrap its restrictions on increasing the height of buildings in much of the Greek capital.

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